Ladysmith news-budget. [volume] (Ladysmith, Rusk County, Wis.) 1907-1927, 1911-11-24

receive savings ceftlIlcateS Tor Sale
keeping.
Savings Cards and Stamps.
Amounts less than 81 may be
saved for deposit by the purchase
of 1O-cent postal-savings cards and
adhesive 10-cent postal savings
stamps. Each postal savings card
contains blank spaces to which saw
ings stamps may be affixed from
time to time as purchased, and a
postal savings card with nine 10
cent savings stamps thus affixed will
be accepted as a deposit of 81 either
in opening an account or In adding
to an existing account.
Savings cards and stamps will be
redeemed only by the issue OF saw
ings certificates and are not valid
for postage They will not be re
ceived in exchange for postage
stamps nor will postage stamps be
accepted in exchange for postal
savings cards or stamps.
Interest.
Interest will be allowed on all de-
posits at the rate of per cent per
annum, computed on each account
annually No interest will be paid
on money which remains on depOs
it for a fraction of year only.
Deposits will bear interest from
the list day of the month next fol
lowing. that in which deposited.
Interest will continue to accrue or
4 savings certificate as long as it
remains outstanding. certificates be
ing valid until paid, without limit
alton as to time.
Compound interest is not allowed
A depositor may withdraw interest
payable and include it in a new de-
post, which will bear interest at
the regular rate.
Withdrawals.
A depositor may at any time with
draw the whole or any part of his
deposits to his credit with any in
terest payable by surrendering saw
ings certificates, properly Endorsed
for the amount desired
A depositor presenting a certifi
cate for payment in full with al
interest pabable must indorse it OF
the back in the presence OF
the postmaster or his rep
resentative, if satisfied as to the de
positor's identity, will then make pay
ment.
When a depositor desires to with
draw only part of the amount
called for by any certificate the post
master will cancel the certificate an(
issue q new certificate covering the
amount to be left on deposit. The
new certificate will be so dated tina,
the depositor will not lose Interest
On the amount remaining continuous.
on deposit
When depositor desires to with
draw merely the interest payable on
any certificate, instead of indorsine
mud surrendering the certificate as
in case of full payment, he will be
required to give his receipt in du-
plicate for the amount of the inter
est paid The postmaster will en-
ter the interest payment on the back
of the certificate and return it to
the depositor
Deposits Not Made In Person.
When a person who has opened an
account can not appear personally to
make an additional deposit, because
of infirmity or for other good and
sufficient reason. the amount to be
deposited may be sent by a repres-
entatiye or forwarded by mail. On
receipt of the amount the postmas-
IcI Will ScIIu W tuc ucpOoilOl tic
duplicate of each savings certificate
to be issued. When the duplicate or
duplicates thus delivered have been
signed by the depositor and re-
turned to the depository office, the
postmaster will send him the origin
u certificates covering the amount
of the deposit New accounts can
not be opened by mail. When an in
tending depositor desiring to open
an account is unable to appear in
person he may forward the money by
representative, who will be provi-
ded with an application form, which
must be properly filled out by the
depositor and returned with
the duplicate certificate or certifi-
Gates.