The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1911-05-10


and regulations issued by the Post
Office Department under the title,
information for DepOsitors," will
be both interesting and useful to the
people Of Sumter:
/. The Postal Savings System is
established for the purpose of pro-
viding facilities for depositing savings
at interest with the security of the
United States Government for repay
ment.
Safety.
2. The faith of the United States
is solemnly pledged to the payment
Of deposits made in postal savings de-
pository offices with accured interest
as provided by the postal-savngs act
Who May Deposit.
3. Accounts may be opened and
deposits made by any person Of the
age of 10 years or over in his own
name and by married woman in her
own name and free from any interfer-
ence or control by her husband. No
person can have more than one ac-
count at any one time.
4. No person may open postal
savings account at any post office who
is not patron Of that office.
D. All accounts must be opened
in person by the depositor or his au-
thorized representative. After open
ing an account a depositor may for
ward subsequent deposits to the post
office by mail.
6. Deposits will be accepted only
from individuals, and no account will
be opened in the name Of any cor
poration, association, society, firm, or
partnership, or in the names Of two
or more persons jointly.
7. No account will be opened in
the name Of one person in trust for
or on behalf of another person or per-
sons.
service Free.
s. The service of the Postal Say
ings System is free, and no charge or
fee is collected or required in connec-
ton with the opening of an account
or the withdrawal Of money deposit
ed.
Privacy of Accounts.
8. No person connected with the
Post Office Department or the postal
service Is permitted to disclose the
name Of any depositor or give any in
formation concerning an account ex-
cept to the depositor himself, unless
directed to do so by the Postmaster
General.
How to Open An Account.
10. When a person applies to open
an account he must furnish necessary
Information for the postmaster or his
representative to fill out an appli-
cation. which he will then be reauir-
ed to sign. If the applicant signs by
mark his signature must be witnessed
by disinterested person.
Deposits.
IL. Deposits are evidenced by
postal-savings certificate issued in
fixed denominations Of 81, 50, IS, $40.
$40, $50. and 500. each bearing the
name OF the depositor, the number o
his account. the date Of issue, the
name Of the depositor, the number Of
date on which interest begins The
postmaster or his representative will.
make out duplicate Of each GER
tificate issued, which the depositor
will be required to sign and which the
postmaster will retain in his records.
IL. No account may be opened
for less than 81, nor will fractions of
dollar be accepted for deposit.
49, No person is permitted to de-
posit more than 500 in any one cal
endar month nor to have a total bal
ance to his credit at one time OF
more than $500 exclusive OF accumu-
lated interest
IA. Savings certificates can not be
transferred or negotiated and will be
payable only to the parson to whom
issued.
Is. On opening an account a de-
positor is supplied with an envelope
in which he may keep his savings GER
tifcates. On this envelope is print
ed information for his guidance. and
also a blank ledger record on which
to keep an account Of his deposits
and Withdrawals.
l6. In case savings certificate IS
lost or destroyed the depositor should
notify the postmaster. If deemed
proper a new certificate will be issued
upon compliance by the depositor