The French Broad hustler. [volume] (Hendersonville, N.C.) 1896-1912, 1911-08-31
POSTAL SAVINGS BANK SEPT. ~
SOME OF THE -RFGFFATT0NS

SOME OF THE REGULATIONS
As announced several days ago the
postofice at this place has been made
a postal savings bank, this toAtake
effect on the 21nd of September. Az
ter this date, the name of banker car
be tackled onto the other dignitary
titles Sc modestly worn by the present
postmaster, Mr.. jackson. While be
will not be a regular dyed-in the wool
banker he will at least be something
on the order of one-a sort of near
banker. He will not really keep the
deposits in the ~postofice but will
place them in one of the city banks.
The government guarantees their safe
keeping and will assume responsible
ity for whatever is deposited.
Any person over 10 years of age can
make a deposit, but no deposit amount
ing to more than $100 can be made7in
one month. Deposits amounting to. as
much as $500 will be received but nc
amount over this sum will be credited
to one person. No charge is to be made
for keeping this money in trust and
any amount or all of it can be with
drawn at any time.
Interest at the rate of 2 per cent
will be paid depositors, but if pre-
ferred the money can be invested in
government bonds bearing 2 IL per
cent provided as much as $40 is so
invested.
Anyone wishing to make a deposit
must make the first deposit himself
and can then have other deposits
made by proxy. To open an account
a blank supplied by the postmaster
must be filled out telling name and
address, a certificate is then given for
the money deposited the postmaster
keeping a duplicate andthe agony is
over.
Any woman can make a deposit
which can be drawn by no one but
herself. For instance, if through
some misunderstanding the husband
assume that the money of his better
half is, and of right belongs to him.
and proceeds to act on that assump-
ton by trying to draw on his wife's
account Uncle Sam will step in and
teach him a new wrinkle in the way
of high finance. 1t is not known
whether the government has taken
this leans to p~oularize the system
with the female contingent but it is
certain that this feature will prove
10 be a most convincing argument
with some.
The employees are forbidden by
law to diWulge the name or amount
deposited by anyone. Secrecy is to
be the wachword and off goes the Of
dcial head of whoever is SO indus
Greet as to even intimate anything
which could be construed as a viola,
ton of the foregoing. When your
friend touches you for a small amount
to tidy him over a place where the
going is rough, you need not hesitate
TO refuse for fear that he will later
find upon investigation that you real
ly had plenty of it sailed away but
did not lCok upon him in the light of
gilt edge security. Another scheme
to draw the deposits of the male por-
ton Of mankind.
As, long as the government exists
the deposits will be perfectly safe
and there will be no element of chance
IN a deposit with the postofice. OF
course If the government shcu1d hap
pen to go broke as some. of rs do at
times, this would not necessarily
mean that the money would be lost.
for the government can easily secure
mnney in case of even the most
stringent stingency of the money mar
ket. Differs considerably from the
case Of the stranded individual who
has no but to wait and pray
fer a check from home or sympathetic
friend.
As soon as it can be secured, a
full copy of the rules and regulations
governing deposits will be published
for the convenience of depositors. :.
In this connection, postmaster Jack
son requests that all residents of the
city instruct their friends to place
the street and number on the address
when writing to them at this place
in order that no confusion VIII 20
suit when the city delivery Is inaug-
urated. This should begin now SO
that by the time the free delivery bo=
gins all will have become accustomed
to it and no mail will have to be held
in the Office until the proper address
can be supplied.