The Bridgeport evening farmer., 1911-11-07
How to Become
 A BondhoIder
Buying Bonds With Postal Bank Savings-Deposits May be so Converted January 1, 1912

1912, in which depositors in postal savings banks may invest their saw ings and get 2h per cent. interest, or 12 of 1 per cent. more than they receive from the postal savings banks. The circular received by the postmaS- ter reads as follows:
 Description of Postal Savings Bonds.
 1. Depositors of the postal savings system may exchange the whole or a part of their deposits on January 1, 1912, for United States registered or coupon bonds in denominations of $2O, $1O0 and $500, bearing interest at the rate of 2 12 per cent. per an- mum, payable semi annually, and re- deemable at the pleasure of the Uni ted States after one year from the date of issue, both principal and in- terest payable twenty years from that date in United States gold coin.
 2. Postal savings bonds are ex- empt from all taxes or duties of the United States. as we'll as from taxa ton in any form by or under state, municipal, or local authority.
 Conversion of Deposits.
 8. Applications for the conversion of deposits into bonds on January l, 1912, must be received before Decem- Der 15, 1911, by the postmaster at the depository office where the certih- cates were issued. The postmaster will supply an application form which must be made out in triplicate. The with his application postal savings certificates covering the - amount of the bonds desired, for which the post master will give him a receipt. When the postmaster receives the bonds applied for he will notify the deposi- tor and will deliver the bonds on presentation of the receipt for the certificates surrendered.
 4. The conversion of deposits in to bonds at a date less than one year after the certificates began to bear interest forfeits interest on the de- posits as in the case of withdrawn for any other purpose.
 5. Postal savings deposits con verted into bonds are not counted as a part of the maximum of $500 al- limitation on. the amount of available postal savings bonds which may be acquired finally by a depositor. The exchange is considered as taking ef- who has applied to convert into bonds all or part of the maximum balance of $500 may deposit an addi- uonal amount in January, though the bonds may not yet have been deliv- cred
 s. Postal savings bonds can be procured only by the conversion of postal savings deposits and will not be issued to persons who are not de- positors. They may be sold or as- signed to any person, however, by the holder, and when a registered bond is assigned new bond will be issued in the name of the owner. Registered and Coupon Bonds. z. Depositor's application must indicate whether bonds are desired in registered or coupon form. Cou- pon bonds are preferable for a de- positor who intends to hold them for a short time only and who has ample facilities for their safekeeping. These bonds are payable to bearer, and the title will pass by delivery without i'm dorsement. Interest on coupon bonds is collected by means of interest coupons. which are detached by the holder as they become due.
 Registered bonds are preferable for persons intending to hold them for a considerable period, and they differ from coupon bonds in the following respects:
 (a) They have inscribed upon their face the names of the persons to whom they are issued.
 (bD They are payable only to the persons to whom issued or their as- signs.
 Co The ownership of registered bonds can be transferred only by as- signm ent in proper form.
 Assignment Of Bonds. S. Registered bonds are assigned by the use of a form printed on tho back, properly dated and acknowl- edged. When the assignment is made by mark, it must be witnessed by at least one person other than the off, cer before whom it is made. A ledger account is opened in the treasury de- partment at Washington with each holder of one or more registered bonds and when such bonds are as- | signed they should be transmitted by the new owner to the secretary of the treasury (division of loans and cur | rency) for transfer on the books of can not be exchanged for coupon bonds. Coupon bonds may be convert I ed into registered bonds, without charge, at the request of the holder. Assignment by Minors. g. Under the regulations of the
 treasury department minor can not l assign registered bonds without the | consent of a duly appointed guardian or trustee, evidence of whose author | ity must be submitted. A minor has
 the right to convert his postal sav- ings certificates into registered bonds,
 bonds during his minority he must | comply with this regula ton. This | difficulty does not exist in the case
 of coupon bonds, which are trans l IeTIeO Dy mere UollVery.
 Payment of Interest on Bonds. 10. Interest on registered bonds is paid by checks drawn at the treasury department. in favor of the register ed holder. These checks are sent by mail to the post office address of the holder, and the holder of a registered bond should notify the secretary of the treasury (division of loans and currency) of any change in his post office address at least fifteen days be- fore the interest falls due. Checks for interest on registered bonds, as Iwell as interest coupons detached from coupon bonds, are payable on presentation at the United States
 treasury or at the office of any as-
 sistant treasurer of the United States.
 Interest cheeks and coupons covering
 interest on postal savings bonds may
 be cashed by postmasters under the same conditions as other government
 paper.
 Bonds Lost or Destroyed.
 II. Payment on registered bonds that have been lost or stolen may be stopped by notifying the secretary of
 the treasury (division of loans and currency at Washington. If coupon
 bonds are lost the government does : not undertake to protect the owner , against the wrongful holder, but rec
 ognizes the bearer only. The owner l has recourse only to such means as
 he could use to recover any other valuable property. When bonds either registered or coupon. have | been destroyed wholly ar ip n,