The Denison review. [volume] (Denison, Iowa) 1867-current, 1911-06-28
POSTAL SAVINGS
SYSTEM EXPLAINED
The Object, Who May Deposit, How
to Open An Account, Rate
of Interest, Etc.
No Account for Less Than 500, and
Not Over 500 Deposited in
Any One Month.
Object.

i The, postal savings system is estab
lished for the purpose of providing
facilities for depositing savings at in
terest with the security of the Unit
ed States government for repayment
Safety.
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 tire age
of 10 years or over in his or her own
name and by married woman in her
own name and free from any interior
ence or control by her husband. No
person can have more than one &C.
count at any one time.
No person may open a postal saw
ings account at any postoffice who is
not patron of that office.
All accounts must be opened in per-
son by the depositor or his author
ICED representative. After epening
an account depositor may forward
subsequent deposits to the postoffice
by mail.
Deposits will be accepted only from
individuals, and no account will be
opened in the name of any corpora
ton. association, society, firm or part
nership. or in the names of two or
more persons jointly.
No account will be opened in the
name of one person in trust for or on
behalf of another person or persons.
Service Free.
The service of the postal savings
system is free, and no charge or fee
is collected or required in connection
with the opening of an account or the
withdrawal of money deposited.
Privacy Of Accounts.
No person connected with the post
office department or the postal service
is permitted to disclose the name of
any depositor or give any information
concerning an account except to the
depositor himself, unless directed to
do so by the postmaster general.
How to Open An Account,
When person applies to open an
account he must furnish the necessary
information for the postmaster or his
Representative to fill out an applica-
ton, which he will then be required
to sign. If the applicant signs by
mark his signature must be witnessed
by disinterested person.
Deposits.
Deposits are evidenced by postal
savings certificates issued in fixed de-
nominations of 81, 50, IS, $40, $40, $50
and $500, each bearing the name of
the depositor. the number of his &C.
count, the date of issue, the name of
the depository office, and the date on
which interest begins. The post
master or his representative will
make out a duplicate of each certifi-
cate issued, which the depositor will
be required to sign and which the
postmaster will retain in his records.
No account may be opened for less
than 81, nor will fractions of dollar
be accepted for deposit.
No person is permitted to deposit
more than 500 in any one calendar
month nor to have total balance to
his credit at one time of more than
$500 exclusive of accumulated interest.
Savings certificates cannot be trans
ferred or negotiated and will be pay
able only to the person to whom is
sued
On opening an account deposition
is supplied with an envelope in which
he may keep his savings certificates.
On this envelope is printed informa-
ton for his guidance, and also a blank
ledger record on which to keep an &C
count of his deposits and Withdrawals.
In case a savings certificate is lost
or destroyed the depositor should noti-
fly the postmaster. If deemed proper,
a new certificate will be issued upon
compliance by the depositor with the
necessary requirements
POstmasters are not permitted tC
receive savings certificates for safe
keeping.
Savings Cards and Stamps.
Amounts less than 81 may be
saved for deposit by the purchase of
10-cent postal savings cards and adj
hesive 10-cent postal savings stamps.
Each postal savings card contains
blank spaces to which savings stamps
may be affixed from time to time as
and postal savings card |
with nine 1O-cent savings stamps thus
affixed will be accepted as a deposit |
of 81 either i'm oneninp an account or