The Topeka state journal., 1911-09-19
aH& 49, @A@ 9HA%8A
Will Be Opened in Topeka at 8
A. vi. Tomorrow.
Geo. W. Lyon Named as Teller
in Charge.
RULES ARE GIVEN OUT.
Regulations Announced by q. S.
Postal Department.
Interest of Two Per Cent lis
Allowed.

All plans have been completed for the
| formal opening of the new postal saw
1ngs bank in Topeka tomorrow morn
ing. The new government banking in
| stitution will be located in the old reg
1 istry department in the north wing Of
the first floor of the federal building.
Uncle Sam is not member of the
| bankers union and he will keep his
/ banking house open early and late.
| George w. Lyon, who has been in the
/ Topeka service q number of years, has
| been appointed teller for the new gov
ernment bank. He will open the new
depository for business each morning
at 6 o'clock and deposits will be re-
| ceived until o'clock in the evening
These extra hours are established in
| order TO permit the laboring classes TO
/ handle their business conveniently.
For several weeks officials in the
| federal building have been preparing
for the opening of the new bank A
special inspector was sent here recent
! " and Mr.. Lyon was given thorough
instructions concerning the working of
/ the new institution. For a time, at
| least the plan of procedure in regard
to saving deposit and checking ac-
counts must be explained in detail TO
the patrons.
All detailed information concerning
the operation of the governments new
bank in Topeka, is printed in the State
Journal and these instructions should
be studied carefully by prospective
patrons of the new bank. The new
savings bank will be prepared to re-
ceive deposits promptly at o'clock
Wednesday morning and it is probable
that many prospective customers will
be in line anxious to make the first de-
posit in Topeka
A branch of the Topeka bank viii be
esta blished in the North Topeka office
and at a later date other branches may
be located in various sections of To-
peka. These branch offices will report
daily to Mr.. Lyon in the federal build
ing and he Will compile the aggregate
reports for the records in Washington
Below is published a detailed outline
of the plan and operation of the new
bank. Prospective customers of the
savings bank should preserve copy of
these plans for future reference.
Following is the list of instructions:
Object.
l. The postal savings system is es-
tablished for the purpose of providing
facilities for depositing savings at in
terest with the security of the United
States government for repayment.
Safety.
2 The faith of the United States is
soiemn1y pledged to the payment of
deposits made in postal savings deposit
tory offices with accrued interest as
provided by the postal savings act
Who May Deposit.
s. Accounts may be opened and de-
posits made by any person of the age
of 10 years or over in his or her own
name and by a married woman in her
own name and free from any interfer-
ence or control by her husband. No
person can have more than one account
at any one time
4. No person may open postal saw
ings account at any postoffice who is
not patron of that office.
5. All accounts must be opened in
person by the depositor or his author
k-,+s
account a dep0sitor may forward sub
sequent deposits to the postoffice by
mail.
6. Deposits win be accepted only
from individuals, and no account will
be opened in the name of any corpora
tion, association, society, firm, or part
nership. or in the names Of two or more
persons Jointly.
:. No account will be opened in the
name of one person in trust for or on
behalf of another person or persons.
Service Free.
8. The service of the postal savings
system is free, and no charge or fee Is
collected or required in connection with
the opening of an account or the with
drawal of money deposited.
Privacy of-Accounts.
9. No person connected with the
postoffice department or the postal ser
vice is permitted to disclose the name |
of any depositor or give any informa- !
ton concerning an account except to |
the depOSitOr himself, unless directed |
to do so by the postmaster general.
How to Open an Account.
10. When a person applies to open an !
account he must furnish the necessary |
information for the postmaster or his |
ton. which he will then be required to /
sign. If the applicant signs by mark |
his signature must be witnessed by |
disinterested person.
Deposits.
IL. Deposits are evidenced by postal |
savings certificates of 81, 81. IS, $40, $40, |
$50, and $1O0, each bearing the name of |
the depositor, the number of his ac- /
count, the date of issue, the name of /
the depository office, and the date on /
which interest begins. The postmaster
or his representative viii make out a |
duplicate of each certificate issued. |
which the postmaster will retain in his t
records
less than 81. nor will fractions of dol |
lar be accepted for deposit
13. No person is permitted to deposit /
more than 800 in any one calendar |
month nor to have a total balance to !
his credit at one time of more than |
$500 exclusive of accumulated interest.
IA. Savings certificates cannot be |
transferred or negotiated and will be 1
payable only to the person to whom is /
sued.
Is. On opening an account a de-
positor is supplied with an envelope |
in which he may keep his saving GER
tificates- On this envelope is printed /
information for his guidance, and also
a blank ledger record on which to /
keep an account of his deposits and
Withdrawals.
16, In case a savings certificate is /
lost or destroyed the depositor should /
rotify the postmaster. If deemed pro-
per, a new certificate will be issued /
upon compliance by the depositor with
the necessary requirements.
II Postmasters are not permitted