Tonopah daily bonanza. [volume] (Tonopah, Nev.) 1906-1929, 1911-11-09

ed circular below to all depositors
Of his Postal Savings banks and
it is worthy of careful perusal. The
circular dwells at length of the
purchase of U. S. bonds with your
postal deposits:
/. Depositors of the Postal Saw
ings system may exchange the whole
or part of their deposits on Janu-
airy /, 1912, for United States reg
istered or coupon bonds in denomin-
atoms of $40, 500, and $500, bear
ing interest at the rate of , " per
cent per annum, payable semi-an-
nually, and redeemable at the pleas
ure 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 or duties OF
the United States, as well as from
taxation in any form by or under
state, municipal, or local authority.
Conversion of Deposits.
8 Applications for the CONVEX
sion of deposits into bonds on Janu-
AIRY / 1912, must be received be-
fore December Is, 1911, by the
postmaster at the depository office
where the certificates were issued
The postmaster will supply an APP
plication form which must be made
out in triplicate The depositor
must indorse and surrender with his
application postal savings certificates
covering the amount of the bonds
desired, for which the postmaster
will give him a receipt. When the
POSTMASTER receives the bonds APP
piled for he will notify the deposit
tor and will deliver the bonds on
presentation of the receipt for the
certificates surrendered.
/ A. The conversion o deposits
into bonds at a date less than one
year after the certificates began tC
bear interest forfeits interest on the
deposits as in the case Of with
drawal for any other purpose
). Postal savings deposits con
verted into bonds are not counted
oc n ,art ~ tI,o N, a vin,un, NJ 0E0(
Iallowed one depositor, and there il
nc limitation on the amount o
available postal savings bonds whicl
may be acquired finally by de
ipositor. The exchange is considered
as taking effect on January /, AM
a depositor who has applied t,
: convert into bonds all or part o
the maximum balance of $500 ma
deposit an additional amount in Jan
uary, though the bonds may not We
have been delivered
6. Postal savings bonds can b
procured only by the conversion c
postal savings deposits and will nc
be issued to persons who are nc
depositors. They may be sold {
assigned to any person, howeve
by the holder, and when a registere
bond is assigned a new bond wi
be issued in the name of tn
owner.
Registered and Coupon Bonds.
Z. The depositors applicable
must indicate whether bonds al
: desired in registered or coupe
form Coupon bonds are preferab
for a depoistor who intends to no
them for short time only al
who has ample facilities for the
" safekeeping. These bonds are pa
able to bearer, and the title WI
pass by delivery without indoors
ment. Interest on coupon bonds
" collected by means of interest co
pons, which are detached by Il
holder as they become due.
. Registered bonds are preferah
: for persons intending to hold the
: for d considerable period, and tn
= differ from coupon bonds in t
= following respects:
~ (a They have inscribed up
y their face the names of the pc
: sons to whom they are issued
CD They are payable only
the persons to whom issued r.tht
= assigns.
Co The ownership of register
:, bonds can be transferred only
- assignment in proper form.
Assignment of Bonds.
8. Registered bonds are
signed by the use of form pril
v ed on the back, properly dated i
Q acknowledged. When the assia
. ment is made by mark, it must
. witnessed by at least one peys
Q other than the officer before WI,
. it is made. A ledger account
Q opened in the treasury departmt
. at Washington with each holt
. of one or more registered bon
. and when such bonds are assign
. they should be transmitted by
a nav ouuaY RI tba caoratorx, ~