Evening star., 1911-08-30

1 safety OIL DOln principal ana interest Il
guaranteed by the United States govern
/ ment.
Deposits may be made by any person
| ten years of age or over, in his or hel
own name, and by married woman il
her own name and free from the contro
| of her husband.
/ No person can have more than one ac
| count at any one time.
| Accounts must be opened in person BY
the depositor, or his authorized repre-
sentative. Subsequent deposits may bs
forwarded to the post Office by mail.
| Deposits will be accepted only from
| individuals. No account can be opened
| in the name of a corporation, association
| society, firm or partnership, or in the
| names of two or more persons jointly.
No account can be opened by one per.
| son in trust for another person or per-
| sons.
No Fees of Any Kind.
No fee or charge of any kind is exacted
either for opening an account or with
drawing money deposited.
No one connected with the postal serv-
ice is permitted to disclose the name of a
depositor or give information concerning
an account. except to the depositor, un-
General to do so.
Persons desiring to deposit their savings
will be required to sign an application
furnished by the postmaster or his rep
| resentative. If it be signed by mark,
when the person is unable to write, the
signature must be witnessed by a dis
interested person.
Deposits must be made in dollars and
for them certificates will be issued in
fixed denominations of 81, 81, S., $40, 800
e .xnlxI -
depositor, the number of his account, the
date of issue, the name of the depository
Office and the date on which interest be-
gins.
Stamps May Be Used for Deposits.
No account can be opened for less than
81, but persons who wish to deposit frac-
tional parts of dollar may purchase a
postal savings card and stamps of the
denomination of 10 cents each to be at
tached to it,. When they amount to one
dollar the card and stamps will be ac-
ceptable as establishing 4p account and
a certificate will be issued the depositol
upon sdrrendering them.
No person will be permitted to deposi,
more than 800 in any one calendar month
nor will any more deposits be accepted
when the account, exclusive of interest
amounts to $500.
January l and July / of each year de-
| positors may exchange their certificates
| for United States bonds bearing Interest
at the rate of ~ per cent per annm. pay.
| able semi-annually and redeemable a,
the pleasure of the United States one
year from date of issue. g..
Both interest and principal are payable
in gold twenty years after the date of is
| sue of bond.
Certificates Non-Negotiable.
L
the rate of . per cent per annum. They
cannot be transferred or negotiated, but
are payable to the person to whom they
are issued, or his legal representative ii
| case of death.
| Depositors are furnished with an en-
| velope in which to keep their certificates
| and which contain a ledger blank in
which they can keep an account Of theil
| deposits.
/ IL a certificate is lost or destroyed the
postmaster should be at once notified
| and. If proper. a new certificate will bt
| issued upon compliance with certain re-
quirements.
Postmasters are not permitted to ac
| cept certificates for. safe keeping.
| Interest. computed on each savings GER
| tificate separately. will be allowed on al
deposits at the rate of per cent per an
| mum. payable annually. No interest will
be paid on money which remains on de
posit for fraction of a year only
| Interest begins to run on the first day
of the calendar month after the deposit
is made and continues as long as the GER
tificate is outstanding, certificates and the
interest due on them being valid until paiC
| without limitation to time. Compound
interest is not paid, but depositor may
withdraw interest due him and with il
procure interest-bearing certificates.
i Withdrawals at Any Time.
Depositors may withdraw the whole oil
any part of their deposits at any time b,
surrendering their certificates properl,
indorsed, for the amount desired, in tn.
presence of the postmaster or his repre-
sentative. When simply the interest OF
a certificate is withdrawn the deposition
is required to give receipt in duplicat,
for the amount and the postmaster will
enter the amount paid as interest on th
back of the certificate and return it t.
the depositor.
A woman depositor who afterward mar
ries must present her savings certific a te
to the postmaster or his representative I
be indorsed as payable to her in her ne,
name.
Depositors desiring to exchange certif
Gates for United States bonds paying y
per cent interest. January l or July
must make application at least fifteen day
in advance of those dates on triplicat
form which will be supplied for the pur
pose. and when the bonds are ready 70
delivery the depositor may obtain ther
upon presentation of the receipt for tn
certificates. which must be surrendere
with the application for the bonds. Sav
ings deposited which are thus converte
into bonds are not counted as any par
of the 500 maximum deposits allowed on
depositor. Bonds are issued i'm sums O
$40. $40, $50. $50. $1o0 and multiples Q
500 up to $500
The bonds are exempt from all take
and duties whatsoever. well as fror
taxation in any form by or under state
municipal or al authority. They ma
be sold or assigned at any time, whethe
registered or in coupon form by thei
holders, but no person can obtain ther
except by the conversion of postal say
ings certificates.
Infirm persons or those unable to com
to the depository to make a deposit afte
fopening an account may send. the none
by his representative or by mail. o
receipt of the amount the postmaster wi
send the depositor the duplicate Of tin
savings certificate to be signed and re
turned, when the postmaster will sen
, the original certificate. Those desirin
, to open an account may do so in pract
! cally the same way. Provision Is ais
made for Withdrawal of deposits and pay