The Mena weekly star. (Mena, Ark.) 1904-1977, 1911-11-30
about POSTAL
5aDtngs BONDS
of Special Interest TO
DcpoSitOrs in Postal Savings
Banks-Interes 21s Per
Cent.

/ Postmaster Levi Wimberly has
furnished this paper with copy
Of circular issued by the govern
ment, the purpose Of which is to
spread information regarding the
postal savings bonds, which will be
ready for issue January 1, 1912.
The Mena Office has a good line
of depositors, who, with others,
will be interested in this new saw
ings and investment opportunity.
Description of Postal Savings Bonds
1. Depositors of the Postal Saw
ings System may exchange the whole
or a part of their deposits on Janu-
airy 1, 1912, for United States reg
istered or coupon bonds in denomi-
nations Of $40, 800 and $500, bear
| ing interest at the rate of pa per
cent per annum. payable semi-an-
lnually, and redeemable at the
pleasure Of the United States after
one year from the date of issue,
both principal and interest payable
! 20 years from that date in United
States gold coin
2. Postal savings bonds are ex-
empt from all taxes of the United
States, as well as from taxation in
any form by or under state, NUM-
cipal or local authority.
Conversion of DeDoSiiS
3. Applications for the CONVEX
sion of deposits into bonds on jan
uary /, 1912, must be received be-
fore December IS, 1911, by the post
master at the depository office
where the certificates were issued.
The postmaster will supply an ap-
plication form which must be made
out in tripIicate. The depositor
must indorse and surrender with
his application postal savings GER
tilleates covering the amount of the
bonds desired, for which the post
master will give him q receipt.
When the postmaster receives the
bonds applied for he will notify the
ldepositor and will deliver the bonds
on presentation of the receipt for
the certificates.
4. The conversion OF deposits in
to bonds at a date less than one
year after the certificates began TO
lbear interest forfeits interest on the
deposits as in the case Of with
drawal for any other purpose.
| DaGfo1 caNit,uc 1onncitc NON
verted into bonds are not counted
a part of the maximum of $500 al
lowed one deposition, and there is
mo limitation on the amount Of
available postal savings bonds
which may be secured finally by a
ldepositor. The exchange is con-
sidered as taking effect on January
4, and a depositor who has applied
to convert into bonds all or part of
the maximum balance of $500 may
deposit an additional amout in
January, though the bonds may not
Yet have been delivered.
6. Postal savings bonds can be
lprocured only by tn conversion OF
lpostal savings deposits and will not
be issued to persons who are not
Idepositors. They may be sold or
assigned TO any person, however
Iby the holder, and when a regis
itercd bond is assigned a new bond
will be issued in the name of the
lowner.
Registered and Coupon Bonds.
7. The depositor's application
must indicate whether bonds are
desired in registered or coupon
form. Coupon bonds are preferable
| for a depositor who intends TO hold
them for a short time only and who
has ample facilities for their safe
keeping. These bonds are payable
to bearer and the title will pass by
delivery without Endorsement In
iterest on coupon bonds is collected
Thy means of interest coupons,
(which are detached by the holder
as they become due.
| Registered bonds are preferable
| for persons intending to hold them
for a considerable period, and they
differ from coupon bonds in the
following respects:
t ,aa44 They have inscribed Upon
their face the names Of She per-
sons to whom they are issued.
| (b) They are payable to the per-
sons to whom issued or their as
signs.
| (cl The ownership of registered
bonds can be transferred only by
assignment in proper form.
Assignment of Bonds.
| s. Registered bonds are assigned
by the use of form printed on the
back, properly dated and acknowl-
edged When the assignment is
made by mark, it must be witnessed
by at least one person other than
the officer beofre whom it is made.
4 ledger account is opened in the
! Treasury Department at Washing
ton with each holder of one or more
registered bonds, and when such
bonds are assigned they should be
transmitted by the new owner to
the Secretary Of the Treasury (Di-
vision of Loans and Currency for
transfer on the books of the De-
pertinent Registered bonds can
mot be changed for coupon bonds.
Coupon bonds may be converted
into registered bonds. without
charge, at the request of the holder.