The Denison review. [volume] (Denison, Iowa) 1867-current, 1911-06-28
exchange for postal savings cards OF

stamps.
Interest.
Interest will be allowed on all de
posts at the rate of per cent pei
annum, computed on each savings Ger
tificate separately, and payable an
nually. No interest will be paid or
money which remains on deposit fol
a fraction of 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
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 it in new deposit, which
will bear interest at the regular rate.
Withdrawals.
A deposition may at any time with
draw the whole or any part of his de.
posits to his credit with any interest
payable by surrendering savings GER
tifcates, properly Endorsed. for the
amount desired.
A depOsitor presenting 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,
if satisfied as to the depositor's ident-
ity, Will then make payment
Whan depositor desires to with
draw only part of the amount called
for by any certificate the postmaster
will cancel the certificate and issue a
new certificate covering the amount
to h*a left ON deposit. The new GER
tificate will be SO dated that the de-
positor will not lose interest ON the
amount remaining continuously on de-
poslC.
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 dupli-
cate for the amount of the interest
paid. The postmaster will enter the
interest payment on the back OF the
certificate and return it to the de-
positor.
Deposits Not Made in Person.
When a person who has opened an
account cannot appear personally to
make an additional deposit. because
of infirmity or for other good and suf-
ficient reason, the amount to be de.
posted may be sent by represent
alive 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 COW
ering the amount of the deposit. New
accounts cannot be opened by mail.
When an intending depositor desiring
to open an account is unable to appear
in person he may forward the money
by a representative, who will be pro-
vided with the application form. which
must be properly filed out by the in
tending deposftor and returned with
the duplicate certificate or certificates.
Withdrawals Not Made in Person.
When under similar circumstances
a depositOr cannot appear in person
to make a withdrawal, blank order
will be furnished for his use upon re-
quest by his representative. When
such order has been properly filled in
and signed by the depositor, with his
signature witnessed by disinterested
person, and has been returned to the
postmaster. together with each certifi-
cate to be paid properly indorsed,
payment will be made to the depOs-
itOr's representative.
When depositor who is unable to
appear in person desires to withdraw
merely the interest payable on any
certificate, the blank order furnished
will include receipts for the interest
to be paid, upon return OF which, prop
erly signed by the depositor, the post
master will make payment to his rep
Death of Deposition.
In case of the death of depOsitOr
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 by his relatives, the postmaster
may, If it is deemed proper, be author