Idaho County free press. [volume] (Grangeville, Idaho Territory) 1886-current, 1911-08-17

postage stamps be accepted in exchange
for postal-savings cards or stamps.
interest.
Interest will be allowed on all de-
posits at the rate of per cent per
aunum, computed on each savings cer-
tifcate separately, and payable an
nually. No interest will be paid on
deposits for traction of year only.
Deposits will bear interest from the
1st day of the month next following
that in which deposited.
Interest will continue to accrue on
a savings certif cate as long as it re-
mains outstanding, certificates being
valid until paid, without limitation as
to time.
Compound interest is not allowed on
All 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 depositor may at any time with
draw the whole or any part Of his
deposits to his credit with any interest
payable by sur rendering savings certi-
ficates, properly indorsed, for the
amount desired
Withdrawals Not rlade In Person.
When under similar circumstances
a depositor can not appear in person
to make witt ldrawal, blank order
will be furnished for his use upon re-
quest by his representative. When
such order has been properly filled in
and signed by the depositor, with his
signature witnessed by disinterested
person, and has been returned to the
postmaster, together with each certif-
cate to be paid properly indorsed,
payment will he made to the deposit
or's signature.
Postal Savings Bonds.
A depositor will be permitted to
exchange the whole or any part of
his deposits in sums Of $40, $40, $50,
$50, S100, or multiples of 500 up
to and including $500, into United
States registered or coupon bonds
bearing interest at the rate of a per
cent per annum, payable semiannually,
and redeemable at the pleasure Of the
United States after one year from
date of issue, both principal and in
terest payable 20 years from such
date in United States gold coin. Such
exchange may be made under date Of
January and July of each year,
provided such bonds are then avail
able.
A depositor desiring to convert his
savings deposit Is into bonds on Janu-
airy and July l Of any year must
make applicat ton at least Is days
before either Of the dates named to
, the postmaster in triplicate on form
which will be supplied him for that
+ purpose At the time of making aI-
plcation he must indorse and surren-
der savings certificates covering the
. amount of the bonds desired, for
which the postmaster will give him a
:, receipt. Interest will continue to
| accrue on certificates surrendered
until the date on which the bonds are
80 issued. When the bonds applied fol
are received by the postmaster, tht
depositor will be notified and thu
). bonds will be delivered by the post
= = master on presentation Of the receip
y for the certificates surrendered. A
~ the same time all interest due on tn
!, certificates su rendered will be paid.
Savings deposits converted int
8 bonds are not counted as part OF tn
. maximum of $500 allowed one d.
! positor, and there is no limitatio
~ upon the amount of available posta
ii savings bonds which may finally ;
: acquired by q depositor.
a. Postal-savngs bonds are exemI
,k from all taxes or duties of the Units
an States. as " ell as from taxation
h. any form by or under State, munic
pal, or local authority.
,st Postal-savings bonds can only
Id procured by the conversion OF posts
ed savings deposits, and will not be ISSUE
ed to persons who are not depositors, b
ith whether in registered or coupon for
they may, upon receipt by the d
to positor, be sold and assigned at al
,fe- time to any person desired.