The evening times. [volume] (Grand Forks, N.D.) 1906-1914, 1911-09-22
POSTAL SAVINGS BANK RULES ARE Arr: So
DESIGNED TO. GIVE GOOD-SElRNCE

Savings certificates can not be
transferred or negotiated and will be
payable only to the person to whom
issued.
On opening an account a deuositor
10 supplied with an envelope in which
ne may Keep his savings certificates.
On this envelope ID printed informa-
ton Tor his guidance. and also blank
ledger record on which to keep an
account Of his deposits and with
drawals.
In case q savings certificate is lost
or Destroyed the depositor should
notify the postmaster. II deemed
proper, a new certificate will be is
sued upon compliance by the depositor
with the necessary requirements.
Postmasters are not permitted to
receive savings certificates for safe
keeping.
Savings Cards and Stamps.
Amounts less than 81 may be saved
for deposit by the purchase Of ten
cent postal savings cards and adj
hesive ten cent postal savings stamps.
Each postal savings card contains
blank spaces to which savings stamps
may be affixed from time to time as
purchased. and a postal savings card
with nine ten cent savings stamps
thus affixed will be accepted as a de-
post Of 81 either in opening an ac-
count or in adding to an existing ac-
count.
Savings cards and. stamps will be
redeemed only by the issue Of savings
certificates and are not valid for
postage. They will not be received
In exchange for postage stamps nor
will postage stamps be accepted in ex-
change for postal savings cards or
stamps.
Interest.
Interest will be allowed on all de-
posts at the rate Of two per cent per
annum, computed on each savings GER
ttfcate separately, and payable an
nually. No interest will be paid on
money which remains on deposit for q
fraction Of a year only.
Deposits will bear interest from the
first day Of the month next following
that In which deposited.
Interest will continue to accrue on
q savings certificate as long as it re-
mains outstanding, certificates being
valid until paid, without limitation as
to time.
Compound interest is not allowed on
an outstanding certificate, but a de-
positor may withdraw interest payable
and include 1t in a new deposit, 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 inter-
est, payable by surrendering savings
certificates, properly Endorsed, for the
amount desired.
A depositor presenting a certificate
for payment in full with all interest
payable must indorse It on the back
in the presence Of the postmaster or
his representative and surrender It.
The postmaster or his representative,
II satisfied as to the depositor's iden-
tity. will then make payment.
When a depositor desires to with
draw only q part Of the amount called
for by any certificate the postmaster
will cancel the certificate and issue
a new certificate covering the amount
to be left on deposit. The new GER
tiflcate will be so dated that the de-
| pOoACOA WILL 0OL AO00 1utoC06L On tu6
amount remaining continuously on
deposit.
When a depositor desires to with
draw merely the interest payable
on any certificate, instead of indorsing
and surrendering the certificate as in
case Of full payment, he will be re-
quired to give his receipt in duplicate
for the amount Of the interest paid.
The postmaster will enter the interest
payment on the back of the certificate
and return 1t to the depositor.
Deposits Not Made in Person.
When a person who has opened an
account a not appear personally to
make an additional deposit, because Of
infirmfty or for other good and suf-
fcient reason, the amount to be de-
posted may be sent by a representa-
tive or forwarded by mail. On re-
ceipt Of the amount the postmaster
will send to the depositor the dupli-
cate Of each savings certificate to be
issued. When the duplicate or dupli-
Gates thus delivered have been signed
by the depositor and returned to the
depository. Office, the postmaster will
send him the original certificates Gov
ering the amount Of the deposit. New
accounts can not be opened by mail.
When an intending depositor desiring
to open an account is unable to APP
pear in person he may forward the