The Topeka state journal., 1911-09-19

Each postal savings card contains
blank spaces to which savings stamps
may be affixed from time to time as
purchased and 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
addition to an existing account.
10. Savings cards and stamps will
be redemmed only by the issue of saw
ings certificates and are not valid for
| postage They will not be received in
/ exchange for postage stamps nor viii
tpostage stamps be accepted in ex-
change for postal savings cards or
stamps.
Interest.
| 20. Interest will be allowed on all
| deposits at the rate OF per cent per
annum, computed on each savings GER
tificate separately, and payable an
nually. No interest will be paid on
money which remains on deposit for a
fraction of a year only.
21. Deposits will bear interest from
the first day of the month next follow
ing that in which deposited
| %. Interest will continue to accrue
on a saving certificate as long as it
remains outstanding, certificates being
valid until paid, without Limitation as
to time.
%. Compound interest is not allow
ed on an outstanding certificate, but
| a depositor may withdraw interest
payable and include it in a new de-
post, which will bear interest at the
regular rate
Withdrawals.
"a. A depositor may at any time
withdraw the whole or any part or
his deposits to his credit with any
interest payable by surrendering saw
ings certificates properly Endorsed, for
the amount desired.
%. depoSitor presenting cert1h-
cate for payment in full with all inter
est payable must indorse it on the back
in the presence of the postmaster or
his representative and surrender it,
The postmaster or his representative
| if satisfied as to the depositors identity,
will then make payment.
26. When a depositor desires to
withdraw only part of the amount
called for by any certificate the post
master will cancel the certificate and
issue a new certificate covering the
amount to be left on deposit. The
new certificate will be so dated that
the depositor will not lose interest on
the amount remaining continuously on
deposit.
withdraw merely the interest payable
on any certificate, instead of indors-
ing and surrendering the certificate
as in case of full payment, he will
be required to give his receipt IN
duplicate for the amount OF the IN
terest paid. The postmaster will en-
ter the interest payment on the back
of the certificate and return it to the
depositor.
28. When a person who has opened
an account can not appear personally
to make an additional deposit, because
of jnfirnity or for other good and suf-
fcfent reason, the amount to be de-
posted may be sent by a representa-
tive or forwarded by mail. On receipt
of the amount the postmaster Will send
to the depositor the duplicate of each
savings certificate to be issued. When
the duplicate or duplicates thus de-
livered have been signed by the de-
positor and returned to the depository
office, the postmaster viii send MN
the original certificates covering the
amount of 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 rep
resentative, who will be provided with
an application form, which must be
properly filled out by the intending
depositor and returned with the dupli-
cate certificate or certificates.
Withdrawals Not Made in Person.
%. When under similar cireum-
stances a depositor can not appear IN
person to make a withdrawal, a blank
order will be furnished for his use
upon request by his Representatives
When such order has been properly
filled in and signed by the depositor
with his signature witnessed by a dis
interested person, and has been re-
turned to the postmaster, together
with each certificate to be paid prop
erly indorsed payment will be made
to the depositor's representative.
So When a depositOr who is unable
to appear in person desires to with
draw merely the interest payable on
any certificate, the blank order fur
nished will include receipts for the in
terest to be paid, upon return of
which, properly signed by the depos-
itor, the postmaster will make pay
ms ent to his repreSen ntative.
Death of Depositor.
81 In case of the death of a depos-
itor, the amount standing to his credit
will be paid to the executor or admin
istrator of his estate upon compliance
with the necessary requirements. In
case no formal administration is de-
sired bv his relatives, the postmaster
may, if it is deemed proper, be au-
thorized to pay the amount of the de-
posit on application in proper form, to
the persons entitled to receive it, with
out the appointment of an administra
tor.
Account of Woman Who Marr1es-
80. A woman who opens an account
and afterwards marries must present
her savings certificates at her office in
order that the certificates may be in
dorsed as payable to her in her own
name. The postmaster will receive no
further deposits from depositor fall
ing to comply with this requirement,
nor will he make any partial or inter-
est payment to her.
so. A depositor will be permitted
to exchange the whole or any part of
his deposits in sums of $40, $40, $50,
$50, $10O, or multiples of 500 up to
and including $500. into United States
or coupon bonds bearing in
terest at the rate of 2 II per cent per
annum, payable seni-annually, and re-
deemable at the pleasure of the United
States after one year from date of
issue, both principal and interest pay
able 20 years from such date in United
States gold COIN Such exchange may
be made under date of January 1 and |