The Leon reporter. (Leon, Iowa) 1887-1930, 1912-02-29
POSTAL SAVINGS BANK
To be Opened at the Leon Postot-
flee Next Tuesday, Intorma- :,
tion for the PubliC.

| SBVU sVs SuV ! VVUVs
Postmaster Stookey has received
notice that post Office inspector will
be here this week to complete ar
rangements for the opening OF pos
tai savings bank at the Leon post
Office on March 9Th, but we do not
look for any great rush of Decatur
county people to deposit their money
in the bank which pays only 2 per
cent interest on deposits. For the
information of the people we print
the following information in regard
to the postal savings bank which will
open for business in Leon next Tues
day.
Object.
The Postal Savings System is es-
tablished for the purpose of provid-
ing facilities for depositing savings
at interest with the security of the
United States Government for repay
ment
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 the
age of 10 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 hus-
band. No person can have more
than one account at any one time.
No person may open postal-sav-
ings account at any post office who is
not patron of that Office
All accounts must be opened in
person by the depositor or his au-
thorized representative. After open
ward subsequent deposits to the post
Office by mail.
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.
| 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. IT,
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 SER
vice is permitted to disclose the name
of any depositor or give information
concerning an account except to the
, depositor himself, unless directed 30
, do SO by the Postmaster General.
How to Open an Account.
When a person applies to open an
account he must furnish the neces-
sary information for the postmaster
or his representative to fill out an
application, which he will then be re-
'quired to sign. If the applicant signs
by mark the signature must be wit
messed by a disinterested person.
Deposits.
Deposits are evidenced by postal
savings certificates issued in fixed
denominations of 81, 81, IS, $40,
$40, $50. and $10O, each bearing
the name of the depositor, the num-
ber of his account, the date of issue,
the name of the depositor, Office, and
the date on which interest begins.
The postmaster or his representative
will make out duplicate of each
certificate issued, which the depos-
itor 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 a dol
lar be accepted for deposit.
No person is permitted to deposit
more than $100 in any one calendar
month nor to have a total balance
to his credit at one time of more
than $500 exclusive of accumulated
interest.
Savings certificates can not be
payable only to the person to whom
issued.
On opening an account depositor
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
blank ledger on which to keep an
account of his deposits and with
draWals.
In case savings certificate is lost
or destroyed the depositor should
notify the postmaster. If deemed
proper, new certificate will be is
sued upon compliance by the depos-
ltor with the necessary requirements.
Savings Cards and Stamps. /
| Amounts less than 81 may be saw
ed for deposit by the purchase of
10-cent postal-savings cards and ad-
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
purchased, and a postal-savings card
with nine 1O-cent savings stamps
thus affixed will be accepted as a
, deposit of 81 either in opening an
| aana,,nt an in add;rer "a or, o,z;at;ncr