Tazewell Republican. [volume] (Tazewell, Va.) 1892-1919, 1911-12-07
POSTAL SAYINGS
BANK FOR TAZEWELL
Will be Opened For Business on December
21St, and is Second of It's Kind to
be Established in the County.

opened at Focahontas durlrg the month
of November.
The pOstoffice department has issued
circular with instructions covering the
operations of the bank, copies of which
may be had by application to the post
Office here or by writing to the Post
master General POSTAL Savings Sys-
tenn, Washington, d. C. That part of
the Instructions covering the objects,
service, rate of interest, and how to
start an accounts is given herewith for
the information of our readers.
l. The postal savings system is es-
tablished for the purpose of providing
facilities for depositing savings at in
terest with the security of the United
States Government for repayment.
2. The faith of the United States is
solemnly pledged to the payment of de-
posits made in postal savings depository
offices with accrued interest as provided
by the postal savings act.
3. Accounts may be opened and de-
posits made by any person of the sge of
10 years or over in his or her name and
by married woman in her own name
and free from any interference or con-
troll by her husband. No person can
have more than one account at any one
time.
4. No person can open a postal saw
ings account at any postoffice who is
not patron of that office.
5. All accounts must be opened in
person by the depositor or his author
lied representative. After opening an
account depositor may forward subse-
quent deposits to the postoffice v mail.
6. Deposits will be accepted only
from individuals, and no account will be
opened in the name of any corporation,
association, society, firm, or partner
ship, or in the names of two or more
persons jointly.
Z. No account will be opened in the
name Of one person in trust for or on
behalf of another person or persons.
s. The service of the postal savings
system is free, and no charge or fee is
collected or required in connection with
the opening of an account or the with
drawal of money deposited.
8. No person connected with the
postoffice department or the postal ser
vice is permitted to disclose the name
of any depositor or give any informa-
tion concerning an account except to
the depositor himself, unless directed to
do so by the Postmaster General.
10. When person applies to open an
account he must furnish the necessary
information for the postmaster or his
representative to fill out an application,
which he will then be required to sign.
If the applicant signs by mark his sig
nature must be witnessed by disinter-
ested person.
II. Deposits are evidenced by posta.
savings certificates issued In fixed de-
nominations of 81, 81, $5, $40, $50, $50
and 800, each bearing the name of the
depositor, the number of his account, the
date of issue, the name Of the deposi-
tory office, and the date on which inter-
est begins. The postmaster or his rep
resentatiYe will make out duplicate of
each certificate issued, which the de-
positor will be required to sign and
which the postmaster will retain in his
records.
IL. No account may be opened for
less than 81, nor will fractions of dol
lar be accepted for deposit.
13. No person is permitted to depos-
it more than $l00 in any one calendar
month nor to have a total balance to his
credit at one time of more than $500
exclusive of accumulated interest.
Ia. Savings certificates cannot be
transferred or negotiated and will be
payable only to the person to whom is
sued.
10. On opening an account deposi-
tor is supplied with an envelope in
which he may keep his savings certif-
Gates. On this envelope is printed in
formation for his guidance, and also a
blank ledger record on which to keep
an account of his deposits and with
drawals.
10. In case savings certificate is
4ost or destroyed the depositor should
notify the postmaster. If deemed
proper, new certificate will be Issued
upon compliance by the depositor with
the necessary requirements.
II. Postmasters are not permitted to
receive savings certificates for safe
keeping.
lS. Amounts less than 81 ruay be
saved for deposit by the purchase of 10
cent postal savings cards and adhesive
lO-eent postal savings stamps. Each
postal savings card contains blank
spaces to which savings stamps may be
affixed from time to time as purchased,
and postal savings card with nine 10
cent savings stamps thus affixed will be
accepted as deposit of 81 either in
opening an account or in adding TO an