The Democratic banner. (Mt. Vernon, Ohio) 1898-192?, 1911-07-04

at the local postoftice OF Saturday,
July i5 the following outline Of the
system on which this bank viii be
conducted at the Dostoffice viii he in.
teresting To Mt. Vernon people:
Accounts may be opened and de-
posits made by any person Of the age
of ten years or over in his or her own
name and free from any interHerence
or control of her husband
No person may open savings ac-
account at any one time
No perso Amay open savings ac-
count at any post office who e not
patron of that Office
All accounts must be opened In per-
son by the depositor or his author
lied representative. After opening an
account a depositor may forward sub
sequent deposits by mail
Deposits will be accepted oily from
individuals, and no account vii be op-
ened in the name of corporation, as
sociation, society, firm OF partnership,
or in the names of two or more per-
sons jointly. tt -.
No account will be accepted in the
name of one person in trust for or on
behalf Of another person or persons.
The service of the Postal Savings
system is free, and no charge is made
or fee collected or required in con
nection with the opening OF an ac-
count or the withdrawal of money de-
posted. "c' ..t
No person connected with the post
Office department or the postal SER
vice is permitted to disclose the name
of any depositor or give any informa-
ton concerning an account except to
l.the depositor himself, under direction
OF the Postmaster General.
When person applies to open an
account he must furnish the necessary
information for the postmaster or his
representative to fill out an applica-
tion, which he will then be required
to sign. If the applicant sign by mark
his signature must be witnessed by a
disinterested person.
Deposits are evidenced By postal
savings certificates issued in fixed
denominations of 81, So, 90, SD, $40,
$50 and 500, each bearing the name
of the depositor, the number OF mis- ac-
count, the date Of issue, the name of
the depository office, and the date on
which the interest begins. The post
master or his representative will make
out a duplicate of each certificate is
sued, which the depositor will be re-
quired to sign and which the post
master will retain for his record.
No account will be opened for less
than 81, nor will fractions OF dol
lar be accepted for deposit.
No person is permitted to deposit
more than 800 in any one calendar
month nor to have total balance to
his credit at one time of more tnan
$500, exclusive of accumulated inter
est.
Savings certificates can not be
transferred or negotiated and will be
payable only to the person 10 whom
issued.
On opening an account a deposition
is supplied with an envelop in which
he may keep his savings certificates
On this envelope is printed informa
ton for his guidance, and also a blank
ledger record on which he may keel
an account of his deposits and with
drawals.
In case a savings certificate is los
or destroyed the deposition should
notify the postmaster. II deemed
proper, q new certificate win be is
sued upon compliance by the deposition
with the necessary requirements.
Postmasters are not permitted Il
receive savings certificates for saf'
keeping
Amounts of less than 81 may b'
saved for deposit by the purchase o
ten cent postal savings cards ant
adhesive ten per cent postal savings
stamps. Each postal savings care
contains blank space to which sav
Nings stamps may be affixed from time
to time as purchased, and posta
savings card with nine ten cent saV
ings stamps thus affixed will be ac
cepted as deposit of 81 either in op
/ ening an account of adding to an ex
. listing account.
Y Savings cards and stamps will be re
: deemed only by the issue Of saving
Q certificates and are not valid for posi-
e age. They will not be received in eS
n change for postage stamps nor vii
a postage stamps be accepted in eN
charge for postal savings cards o
stamps.
Interest will be allowed on all dc
posits at the rate of two per cent pc
! annum, computed on each saving