The Marion daily mirror. (Marion, Ohio) 1892-1912, 1911-09-19

Ma.ion will have postal savings
bank on and after Oc,ober 2l, 1911.
Postmaster NJ, B. Dickerson received
word today from the postmaster gen
orl that this city among others i'm
Ohio had been designlted by the post
office department 10 receive savings
banks. itI- ii.tN.n III
Now that Uncle Sam stands back of
the deposists made by foreigners
i1uch Of the money heretofore sent
abroad Is expected to remsin in tins
country. Many natives of this coun-
try are expectedito take advantage of
the security offered by the goyern-
ment banks. if' 4fH pl yfWl D>st4g
Tho postal sdvings system is os-
| tablished for the purpose of providing
| facilities for depositing savings at
| interest witlf the security of the Uni
ted states government for repayment.
~ opening an account "A depositor
Is supplied with an envelope in which
he may keep his savings certificates.
On this enevlope is printed lnforma-
tion for his guidance, and also
blank ledger record on which to keep
an account of his DEPOSITS and with
| drdWals. iiif. H.N hi
Accounts may be opened and de-
poslsts made by any person of the age
Of 10 years or over in his or her own
namp and by II marrled woman in her
own name and free from any inter-
| ference or control by her husband.
No person can have moe than one
account at any one time
| No person may open n postal saw
ings account at any postohca who is
not patron of that Office.
| All accounts must be opened in
person by the depostor or mis- author
lied representative. After opening an
account n derositor may forward sub
| Dequent deposits to the postohice by
mail.
! Deposits may lie accepted only
/ from indivldua:s, ana no account will
be opened in the name of any corpo-
ration, association, society, firm or
partnership. or in the names of two
or more persons jointly
No account will l,s opened In the
name of one person in trust for or on
behalf of smother person or persons,
Interests will he allowed on all de-
posts at the rate of per cent per
|
certificate separately. and payable an
nually. No interest will be paid ON
money which remains on deposit for
d FRICTION of a year only.
Deposits will bear interest from the
lst day of the months next following
that in which depositec
Interest will continue to accrue on
savings certificate us long as it re-
mains outstanding, certificates beinf
valid until paid, without limitation as
to time.
Compound interest Is not allowed
on an outstanding certificate, but {
depositor may withdrew interest pay
able and include it in new deposit
when will beac interest at the regu
lar rate.
A derositor may at any time with
drfw the whole or any part of his de
4 posits to his credit with any interes
payable by surrendering savings Ger
thcates, properly nd)rsed, for the
amount desired.
4 No account may be opened for les
:. than 81, nor will fractions of dolla
be accepted for deposit.
d Deposits are evidenced by postal
q savings certificates issued in fixed
!. denominations of 81, 81. So, $40, $2t
q $50 and $100 each bearing the nam
s OF the depositor, the number of hi
5 account the date of issue, the nam
Of the depository office, and the dat
: cn which interest begins. The pos
g master or Z his representative will
n make out a duplicate OF each certifl
y cate issued, which the d'eposltor vii
he required to sign and which tn
o postmaster will retain In his records