The daily Gate City. [volume] (Keokuk, Iowa) 1855-1916, 1911-11-06
Postal Savings System
Information Concerning Postal Savings Bonds
to Be Issued January 1, 1912
Assignment Of Bonds.


Assignment Of Bonds.
8. 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 before whom it is made. A
ledger account is opened in the treas
ury department at Washington with
each holder Of one or more registered
bonds, and when such bonds are as
signed they should be transmitted by
the new owner to the secretary Of the
treasury division of loans and cur
rency) for transfer on the books OF
the department. Registered bonds can
not be exchanged for coupon bonds.
Coupon bonds may be converted into
registered bonds, without charge, at
the request of the holder.
Assignment BY Minors.
8. Under the regulations of the treas
ury department minor can not as
sign registered bonds without the
consent of a duly appointed guardian
or trustee. evidence Of whose authori-
ty must be submitted. A minor has
the right to convert his postal saw
ings certificates into registered bonds,
but If he should desire to assign the
bonds during his minority he must
comply with this regulation. This
difficulty does not exist in the case
of coupon bonds, which are transfer
red by mere delivery.
Payment. OF Interest on Bonds.
10. Interest on registered bonds
is paid by checks drawn at the treas
ury department in favor of the reg
istered holder. These checks are
sent by mail to the post office ad-
dress of the holder, and the holder
of registered bond should notify the
secretary of the treasury division OF
loans and currency of any change
in his postoffice address at least f1f-
teen days before thes interest falls
due Checks for interest on registered
bonds. as well as interest coupons de-
tached.. from cuupon bonds, are pay.
able On presentation at the United
States treasury or at the Office OF
any assistant treasurer of the United
States Interest checks and coupons
covering interest on postal savings
bonds may be cashed by postmasters
under the same conditions as other
government paper.
Bonds Lost or Destroyed.
H. Payment on registered bonds
that have been lost or stolen may
be stopped by notifying the secretary
of the treasury division of loans ano
currency at Washington. If coupon
bonds are lost the government does
not Undertake to protect the owner
against the wrongful holder, but rec
ognizes the bearer only. The owner
has recourse only to such means as
he could use to recover any other
valuable property. When bonds, eth
er registered or coupon, have beer
destroyed wholly or in part, or de
faced, a claim may be filed with thu
secretary of the treasury under Ger
tain prescribed conditions for theil
replacement. Such claims will mo-
be allowed for coupons which have
been detached from coupon bonds.
Information Relating to Ownership
-. United States bonds are issued
transferred and redeemed under sucf
regulations as the secretary of thu
treasury may prescribe. Requests b,
| holders for additional information at
ter the delivery of the bonds SHOULD
be addressed to the secretary of tn,
treasury division Of loans and cur
rency), Washington, d. c.
FRANK H. HITCHCOCK,
Postmaster General