Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1911-11-24
POSTAL SAVINGS SYSTEM
-(Continued from First Page.)

time as purchased, and a postal-sav-
ings card with nine 10-cent savings
stamps thus affixed will be accepted
as a deposit of 81 either in opening
an account or in adding to an exist
ing account.
Interest will be allowed on all de-
posits at the rate of 2 per cent per
annum, computed on each savings
certificate separately, and payable
annually. No interest will be paid
on money which remains on deposit
for fraction of year only.
Deposits will bear interest from
the first day of the month next fol-
lowing that in which deposited.
A depositor may at any time with
draw the whole or any part of his
deposits to his credit with any in
terest payable by surrendering saw
ings certificates, properly indorsed,
for the amount desired.
In case of the death OF depositor
the amount standing to his credit
will be paid to the executor or ad-
ministrator of his estate upon COM
pliance with the necessary require
ments. In case no formal admins
tration is desired by his relatives, the
postmaster may, if it is deemed
proper, be authorized to pay the
| amount of the deDOSit
A woman who opens an account
and afterwards marries must present
her savings certificates at her Office
in order that the certificate may be
indorsed as payable to her in her new
name. The postmaster will receive
20 further deposits from a depositor
failing to comply with this require
ment, nor will he make any partial
or interest payment to her.
A depositor will be permitted to
exchange the whole or any part of
his deposits in sums of $40, $40, SEQ,
$50, s10O, or multiples of 500 up to
and including $500, into United
States registered or coupon bonds
bearing interest at the rate of 2 "
per cent per annum, payable semi
annually, and redeemable at the
pleasure of the United States after
one year from date of issue, both
principal and interest payable 20
years from such date in United
States gold coin. Such exchange
may be made under date of January
/ and July 1 of each year, provided
such bonds are then available upor
application of the depositor made IL
days before either of the dates
named.
Savings deposits converted into
bonds are not counted as part o.
the maximum of $500 allowed one
depositor, and there is no limitation
upon the amount of available postal
savings bonds which may finally be
acquired by a depositor.
Postal-savings bonds are exempt
from all taxes or duties of the United
States, as we'll as from taxation il
any form by or under State, muni
cipal, or local authority.
Postal-savings bonds can only bt
procured by the conversion of postal
savings deposits, and will not be is
sued to persons who are not deposi
tors, but whether in registered Of
coupon form they may, upon receip
by the depositor, be sold and assigned
at any time to any person desired.
The Citizens Banking Co.'s banl
and the Perrysburg Banking CO..
bank have both been designated b.
the Government as repositories fo
the department funds. fact which
indicates that Uncle Sam consider
the Perrysburg banks as being vel
founded, we'll managed ant
thoroughly reliable and trustworth.
institutions, and when your Uncl
Samuel places his stamp of approva
upon bank it is satisfactory evi
dence that your money is in a saf
place.
There is no possible element O
Danger in Postal Savings as ever
dollar is backed up by the Unite
States government and cannot b
taxed for any purpose.
The Perrysburg postoffice will b
ready to receive deposits on Frida!
December 5, 1911.