Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1911-10-14
POSTAL SAVINGS BANK
Win be Opened for the Transaction Of
Business October 25th, 1911.

| buslu6S8 VctODer HOLn, 4S14.
The Postal Savings Bank for Custer
will be opened Wednesday, October
25th. The business will be handled
through the money order window. Be-
low will be found rules and regulations
governing the bank:
Object.
/. The Postal Savings System is es.
tablshed for the purpose of providing
facilities for depositing savings at inter-
est with the security ofthe United States
Government for repayment.
Safety.
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.
Who May Deposit.
8. Accounts may be opened and de-
posits made by any person of the age of
l0 years or over in his or her own name
and by q married woman in her own
name and free from any interference or
control by her husband. No person can
have more than one account at any one
time.
4. No person may open a postal saw
ings account at any postofice who is not
a patron of that Office.
B. All accounts must be opened in
person by the depositor or his authoriz
ed representative. After opening an
account depositor may forward subse.
qnent deposits to the postotfice by mail.
6. Deposits will be accepted only
from individuals, and no account will
be opened in the name of any corpora.
ton, association, society, firm, or part
nership, or in the names of two or more
persons jointly.
7. No account will be opened in the
name of one person in trust for or on be-
half of another person or persons.
Service Free.
8. 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.
Privacy Of Accounts.
8. No person connected with the
Postotfice Department or the postal ser.
vice is permitted to disclose the name of
any depositor or give any Information
concerning an account except to the de-
pOoitOT uIIUScII, uulcb6 utTcCJ6u " uO bO
by the Postmaster General.
How to Open an Account.
10. When a person applies to open
an account he must furnish the neces- |
sary Information for the postmaster or |
his representative to fill out an applica |
tion, which he will then be required to |
sign. If the applicant signs by mark his |
signature must be witnessed by disin- |
terested person.
Deposits.
II. Deposits are evidenced by postal
savings certificates issued in fixed de-
nominations of 81, So, $5, $40, $40, $50
and 500, each bearing the name of the
depositor, the number of his account,
the date of issue, the name of the depos-
itory Office, and the date on which in
terest begins. The postmaster or his
will make out dupli-
cate of each certificate issued, which
the depositor will he required to sign
and which the postmaster will retain in
his records.
l2. No account may be opened for
less than 81, nor will fractions of dol
lar be accepted for deposit.
l3. No person is permitted to de-
posit more than 500 in any one cal
endar month nor to have a total bal
ance TO bis credit at one time of more
than $500 exclusive of accumulated in
terest.
IA. Savings certificates can not be
or negotiated and will be
payable only to the person to whom is
sued.
Is. On opening an account deposit
tor is supplied with an envelope in
which he may keep his savings certifi-
Gates. On this envelope is printed in
for his guidance, and also a
blank ledger record on which to keep
an account of his deposits and with
drawals.
16. In case a savings certificate is
lost or destroyed the depositor should
notify the postmaster. If deemed prop
er, new certificate will be issued upon
by the depositor with the
necessary requirements.
II. Postmasters are not permitted to
receive savings certificates for safe keep
ing.
Savings Cards and Stamps.
IS. Amounts less than 81 may be saw
ed for deposit by the purchase of l0-cent
postal savings cards and adhesive 10
cent postal savings stamps. Each postal |
savings card contains blank spaces to
which savings stamps may be affixed |
from time to time as purchased, and a |
postal savings card with nine l0-cent |
saving stamps thus affixed will be ac-
cepted as deposit of 81 either in open |
ing an accoust or in adding to an exist |
ing account.
10. Savings cards and stamps will be |
redeemed only by the issue Of savings |
certificates and are not valid for postage. |
They will not be received in exchange
for postage stamps nor will postage
stamps be accepted in exchange for pos
tai savings cards or stamps.
Interest.
20. Interest will be allowed on all
deposits at the rate of per cent per
annum, computed on each savings GER
tificate separately, and payable annual
ly. No interest will be paid on money
which remains on deposit for year
only.
81. Deposits will bear interest from
the FIRST day Of the month next follow
ing that in which deposited.
%. Interest will continue to accrue
on a savings certificate as long as 1t re-
mains outstanding, certificates being
valid until paid, without Limitation as to
time.
%. Compound interest is not allowed
on an outstanding certificate, but de-
positor may withdraw interest payable
and include it in new deposit, which
will bear interest at the regular rate.
Withdrawals.
"a. A depositor may at any time
withdraw the whole or any part Of his
deposits to his credit with any interest
payable by surrendering savings certifi-
Gates, properly Endorsed for the amount
desired.
25. A depositor presenting q certifi.
cate for payment in full with all interest
payable must indorse IL on the back in