The Princeton union., 1911-11-16
P.O.SAVINCS SYSTEM
Deposits at Local Postoffice Aggre-
gate About $500 and a Rapid
Increase is Expected.
Bonds Will Be Issued in January to
Those Who Desire to Exchange
Their Deposits Therefor

Deposits are coming in slowly at
the postal savings depository here,
but it is expected that money will flow
in more rapidly as the public becomes
FAMILIAR with the working of the sys-
tenn. We understand that the deposits
now aggregate something like $500.
Following are a few of the salient
features of the system which will
prove valuable to those who con.
template making Deposits:
The postal savings system is estab-
ished for the purpose of providing
facilities for depositlng savings at
interest with the security of the
United States government for repay.
ment.
The faith of the United States is
solemnly' pledged to the payment OF
deposits made in postal savings de-
pository Offices with accrued interest
as provided by the postal savings act.
Hence savings are absolutely safe.
Accounts may be opened and de-
posits made by any person Of the age
Of 10 years or over in his or her own
name and by a married woman in her
own name and free from any inter-
ference or control by her husband.
No person can have more than one
account at any one time.
All accounts must be opened in
person by the depositor or his
authorized representative. After
opening an account a depositor may
forward subsequent deposits to the
postoffice by mail.
No person connected with the post
Office department or the postal service
is permitted to disclose the name of
2Dy depositor or give any information
concerning an account except to the
depositor himself, unless directed to
do SO by the postmaster general.
Deposits are evidenced by postal
savings certificates issued in fixed de-
nominations of 81, So, SIS, $40, $50,
and 500, which may be exchanged
for postal savings bonds on January
and July l of each year.
No person is permitted to deposit
more than Sl00 in any one calendar
month nor to have total balance to
his credit at one time of moro than
$500 exclusive of accumulated interest.
Amounts less than ST. may be saved
for deposit by the purchase of lO-cent
postal savings cards and adhesive TO-
cent postal savings stamps. Each
postal savings card contains blank
spaces to which savings stamp may
be affixed from time to time as
purchased, and a postal savings card
with nine l0-cent savings stamps thus
affixed will be accepted as deposit OF
81 either in opening an account or in
adding to an existing account. This
should encourage children to save
their pennies.
Interest will be allowed on all de.
posts at the rate of 2 per cent per an
mum, computed on each savings cer-
tifcate separately, and payable an.
nually. No interest will be paid on
money which remains on deposit for
fraction of a year only.
\ depositor may at any time with.
draw the whole or any part of his de.
posit to his credit with any interest
payable by surrendering savings Ger.
tifcates, properly indorsed, for the
amount desired.
Savings deposits converted into
bonds are not counted as a part o1
the maximum of $500 allowed one de.
positor, and there is no limitation
upon the amount of available postal
savings bonds which may finally be
acquired by depositor.
Further information concerning the
postal savings system may be OBJ.
tanned by application at any deposi.
tory Offica