The Waxahachie daily light. [volume] (Waxahachie, Tex.) 1894-current, 1911-09-15
POSTAL SAVINGS BANK
OPENS IN WAX4HAcH|E
DEPOSITS MAY BE MADE b
CUSTOMERS IN ANY NUM-
BIER OF DOLLARS.
Accounts Are Confidential and Mon
ey So Saved Is Exempt from
Taxation-Will Bear
Interest.

day morning, and Postmaster Nc
CLAIM is of the opinion that this IN
stitution will prove to be popular
adjunct to the office, especially with
the children and !aboring people, A
number of certificates We're issued
the first day All the necessary ma
terials and supplies for conducting
the business of this department OF
the pastoffice arrived Wednesday
and Thursday.
1t is the aim of the postal savings
boring men, especially men whose
accounts are not large Women and
children are to be catered to, in the
purpose of making the saving pro
pensity an instinct in the people
Deposits may be made in the sum
of 81 or any number of dollars No
fractional deposit viii be permitted
To encourage children or any other
persons whose savings at any time
may be less than 81, a system mas
been provided to enable them to save
in amounts OF 81 BY this card Is
provided, to be had for 10c. There
are upon this card spaces for the al
fixing of nine stamps, each to cost
Toe. This card and these stamps re.
main in the hands of the purchaser
until nine stamps are affixed. Then
the card and the stamps whose cost
will have amounted to 81, may be
deposited at the postal bank and
depositor will have credit for 81 an
will be furnished the depositor's GER
tificate for that amount.
The card and the stamps are simi-
lar for every postoffice. The pur-
chaser may sell his card to another
at any time or use it as security for
borrowing, as any other valuable 1t
will be as good for one person as for
another and is the same as traction
al money to the amount of its show
| ing in card cost and stamps. A card
bought at Waxahachie and stamped
with any number of stamps will be
as good in any other office where
| there is a postal savings bank
| Certificates are to be issued for
| deposits of 81 So, S. $40, $40, $50
and 500, each bearing the name Of
the depositor, the number of his ac-
count the date of issue, the name OF
the depository office and the date OF
which interest begins. The deposit
certificates is, therefore, good only
TO the depositor and only at the of
flee where he is a patron. The post
| master or his representative Will
| make out a duplicate OF the certifi-
cate issued, which the depositor viii
sign and the postmaster will retain
| Counterfeting of this security is be-
iieved to be impossible and the de-
| positor can not lose his money,
There will be no pass book. In
| stead, each depositor will be furnish
| ed with a strong envelope in which
he may keep his certificates of de
post Should he lost a certificate the
| postmaster may at his discretion, is
sue duplicate Certificates cannot
be left at the office for safekeeping
The postmaster is forbidden to pro-
| vide this accommodation
Certificates will be issued for $ /
or larger amounts The certificate
issued will be in denomination the
nearest to the amount of the deposit
| AS few certificates as possible will
be issued for any deposit. A deposit
tor of $50 can not have twenty 81
certificates. Deposits of $40 woul1
mean $40, IS and two So certifi-
Gates, no other.
Any person 10 years old or over
may start deposit, 1t may be with
drawn at any time. If allowed TO re-
main it will draw interest at the rate
| of per cent per annum, lnterest
| may be withdrawn, when due, and
made a part of the deposit. Other
wise, It viii not draw compound in
terest
Persons can deposit in their own
name only No person can have more
than one account. A married woman
may have an account free from in
reference or control of her husband.
individuals only may have accounts
| After having made the first deposit
In person, depositor may make de-
post by mail. If he wishes. or may
| SEND Dy some person ne ACCOUNTS
are confidential No fee is charged
for opening. handling or withdraw
ing an account
Savings in sums of $40, $40, $50,
$50, 500 or multiples of $100, may
at the option of the depositor, be
converted into postal savings bonds,
drawing 2 Y per cent interest, pay
able semi-annually. All deposits and
all bonds so bought are free from
taxation, city, county, state or ma
tional.
No depositor may deposit more
than s100 in any calendar month.
nor may his account, not including
interest acenmulations, exceed $500.
Conversion into bonds, reduces by
that amount the deposit and this
deposit may be increased according
ly
The money received in the post n
bank viii not be kept in the postof-
flee. but must be deposited in an az