Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1911-06-29
POSTAL SAVINGS BANK rs
READY FOR OPENING JULY 4
An About Its Workings and Rules
for Depositors.

Il Il
The postal savings bank will be
opened in Abilene Saturday, July ]
and for the benefit of all interested
persons, the general information
concerning the bank is herewith re-
printed.
The postal savings system is es-
Itablished for the purpose Of pro-
viding facilities for depositing saw
ings at interest with the security OF
the United States government for
repayment.
The faith of the United States Is
solemnly pledged to the payment OF
deposits made in postal savings de-
pository offices, with accrued interest
as provided by the postal savings
act.
Who May Deposit.
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 by a married
woman in her own name and free
from any interference or control by
her husband. Deposits will be ac-
copied only from individuals who
are patrons Of this office, and no ac-
count will be opened in the name Of
any corporation, society or firm, or
in the names Of two or more persons
Jointly. The service of the postal
savings system is free to all persons
entitled to make. deposits and no
charge or fee is collected or re-
uuired in connection with the
opening Of an account or the with
drawal Of money deposited.
Privacy of Accounts.
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
information concerning an account
to any person other than the de-
positor himself unless directed to
do so by the postmaster general.
Deposits.
Deposits are evidenced by postal
savings certificates issued in fixed
denominations Of 81, So, IS, $40,
$40, $50 and 500, each bearing the
name of the depositor and being nom
transferable and non-negotiable. No
account will be opened for less than
Isl, nor will fractions of dollar be
accepted for deposit at any time. No
person is permitted to deposit more
than 500 in any calendar month
nor to have total balance to his
credit at one time of more than $780,
exclusive of accumulated interest,
Savings Cards and Stamps.
l
Amounts less than 81 may be
saved for deposit by the purchase OF
postal-savings cards at ten cents
each and of specially prepared ad-
hesive postal-savings stamps. Each
postal-savings card contains blank
| spa5ss to which ,10-sent savings
stamps may be affixed from time to
time as purchased, and the postal
savings card with nine ten-cent saw
Iings stamps thus affixed will be &C.
cepted as a deposit of 81, either In
opening a savings account, or IN
adding to an existing account.
Interest.
Interest will be allowed on all de-
posits at the rate of two per cent pei
annum, computed on each savings
certificate separately, and payable an
nually, no interest being paid or
money which remains on deposit fol
a fraction of year. Deposits wiN
bear interest from the first day Of
the month next succeeding that In
(which deposited. Interest will con
| tinue to acoure on a savings certifi.
cate as long as 1t remains outsand
ling, certificates being valid unit
paid, without limitations as to time
Compound interest is not allowed OF
, an outstanding certificate, but de
, positor may withdraw interest pay
ahlo and naka a new denosit which