The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1911-09-03
THE POSTAL SAVINGS BANK

4
at the post office in this city, infor-
nation given out by Uncle Sam in re-
gard to his venture in the banking
business will be Of interest. The
postal savings bank will open In
Keokuk on Thursday. September 70,
and It remains to be seen to what
extent the public will avail Itself OF
this added convenience.
The postal savings system is es-
tablished for the purpose OF provid-
ing facilities for depositing savings
at interest with the security OF the
United States government for pay
ment.
The faith of the United States
is solemnly pledged to the payment
OF deposits made in postal savings
depository Offices with accrued IN
terests as provided by the postal saw
ings act
Accounts may be opened and de-
posts made by any person OF the age
of ten years or over in his or ner
own name and by a married woman
In her own name and free from any
interference or control by her nus
band. No person can have more tnah
one account at any one time. NO
person may open postal savings &C
count at any post office who Is not q
patron of that office. All accounts
must be opened in person by the ue-
positor or his authorized representa-
tive. After opening an account de-
positor may forward subsequent oe-
posts to the post office by mall. De-
posts will be accepted from lnolVlo,
uals. and no account will be optneds
in the name of any corporation as
ISOLATION, society, firm Or partner
ship, or in the names of two or more
persons jointly. No account VIII De
opened in the name OF one person
! in trust for or in behalf of another
person or persons.
The service Of the postal savings
system Is free and no charge or Zee
| Is collected or required in connec-
ton with opening an account or the
withdrawal of money deposited.
No person connected with the post
office department or the postal ser
vice ia permitted to disclose the name
of any depositor or give any informa'
ton concerning an account except
to the depositor himself unless direct
ed to do so by the postmaster general.
| When person applies to open an
account he must furnish the necessary
information for the postmaster OF MS
representative to flll out an appilca-
ton. which he will then be required
to sign. If the applicant signs by
mark his signature must be witnessed
by disinterested person.
Deposits are evidenced by posta
savings certificates issued in hxec
denominations Of 81, 50, IS, $40, $40
$50, and 500, each bearing the mans
of the depositor, the number OF his
account. the date of issue, the name
of the depository Office, and the oat'
on which interest begins. The post
master or his representative VII
make out duplicate OF each Ger
tiflcate issued which the deposito
will be required to sign and which tn
postmaster will retain in his RECORDS
. No accounts may be opened for les
! than 81. nor will fractions OF a dolia
. he accepted for deposit. No person ]
: permitted to deposit more than Slo
in any one calendar month nor t
have a total balance to his credit a
one time Of more than $500 exclus
i've of accumulated interest. Saving
certificates can not be transferred o
r negotiated and will be payable onl
y to the person to whom issued. "
y onenine an account depositor
!. supplied with an envelope in whic
o. he NAV keep his savings certificates
c On this envelope Is printed informf
g. ton for his guidance, and also
N blank ledger record on which to kee
an account OF his deposits and will
lie drawals. In case a savings certificat
y is lost or destroyed the depositc
lie should notify the postmaster.
Mt deemed proper, new certificate wi
y be issued upon compliance by the d
n positor with the necessary requir
nc ments. Postmasters are not Pc
mitted to receive savings certificate
ne for safe-keeping.
90 Amounts less than 81 may be save
for deposit by the purchase of 1O-cel
postal-savings cards and adhesi'
10-cent postal-savings stamps. Eat
he postal savings card contains blar
is spaces to which savings stapms ma
be affixed from time to time as pu
E. chased, and postalsavings card wi
st nine 10-cent savings stamps thus
te fixed will be accepted as deposit
re 81 either in opening an account
VI in adding to an existing accoul
90 Savings cards and stamps will
redeemed only by the issue of Sc
ar ings certificates and are not valid
rs postage stamps nor will posta
nm stamps be accepted in exchange
-er postal-savings cards Or stamps.
nd Interest will be allowed on all
cd posits at the rate of per cent
NV annum. computed on each sayir
NO certificate separately, and payal
wa annually. No interest will be paid
money which remains on deposit TO