Honolulu star-bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1912-2010, 1914-01-01
Eleven Offices Win Handle the
Deposits as Starter 9th
ers May Follow Later
IATHuRSDAY

erS May Follow Later
POSTAI+THURSDAY X
With the Bank Of Hawaii authorized
as the depository. the United States
postal savings bank system will be es-
tablished at the Honolulu postoffice,
and at postOfffces Of importance in
the first and second class. throughout
the islands, on January 2.
Postmaster ]. G. Pratt said yester-
day that II is quite probable that, in
the near future, the principal fourth
class offices will become postal saw
Eings repositories. Following is list
|of the offices which will be covered
by the system:
Oahu honolulu, Schofield Bar
racks, Waipahn and Waialua.
Kauai Lihue.
Maui Lahaina, WaiIuku, Kahului
and Paia
Hawaii Hilo and Kohala.
THE object of the postal savings
system IS to reach those persons who
do not patronize the banks or other
institutions, said Postmaster Pratt.
"It is to encourage certain people to
get rid Of such unsafe banks as tin
cans buried in the ground, socks hid
den away and the dark recesses OF
bureau drawers. After the money is
deposited with the money order de-
|partmenfs Of the different offices, It
lis then deposited in the Bank Of Ha-
|waii, where the money is secured by
the credit Of the United States gov
|ernment, thus making it an absolutely
safe Investment.
The postal saYings system is estab-
|lished by aathority Of the act of Con-
gress app1oEed Jaine 25s 81 O. for the
purpose Of providing facilities for de-
posting savings at interest with the
security Of the United States goyern-
ment for repayment The faith Of the
United States is solemnly pledged to
the payment Of deposits made in pos
tai savings depository offices, with
accrued interest thereon. as provided
by the postal savings act
Who May Deposit
An account may be opened and de-
posits made by any person of the age
Of 10 years or over in his Or her own
name. or by married woman in her
own name and free from any control
or interference by her husband. De-
posits viii be accepted only from in
dividuals, and no account will be open
ed in the name of any corporation,
association, society, firm, or partner
ship, or in the name Of two or more
persons jointly No account viii be
opened IN the name of one person in
trust for or on behalf of another per-
son or persons. a person may open a
postal savings account at any deposit
tory post office, but no person may
ct the same time have more. than one
postal savings account either at the
same office or at different Offices. All
accounts shall be opened in person BY
the deposition or his authorized repre-
sentative. After opening an account,
q deposition may forward subsequent;
deposits to the post Office by register
ed mail or by money order made pay
able to the postmaster
No Charges 70 Depositors.
No charges or fees are collected or
required from depositors in connection
with the opening Of accounts or the.
subsequent deposits or withdrawal Of.
moneys
How to Open an Account.
When a person applies to open an
account, he shall furnish the neces-
sary information to enable the post.
master to fill out an application, which
the depositor win then be required to
sign.
Deposits
Deposits are evidenced by postal
savings certificates issued in fixed de-
nominations of 81, 50, S.. $40, $40, $50
and 500, each bearing the name Of
the depositor, the number Of his ac-
count, the date of issue, and the name
Of the depository office. The deposition
shall sign a duplicate of each certifi-
cate. which the postmaster will re-
tain. = ~. j. :. ss.
No account may be opened for less
than 81. nor viii fractions of a dollar
be accepted for deposit. tSee para
graph relative to postal savings cards
and stamps.) ~, -
No person is permitted to deposit
more than 800 in any one calendar.
month nor to have total balance to
his credit at any time of more than.
$500 exclusive Of accumulated. inter
est. ~ sszft:s-. p y Il a ..
Postal savings certificates are not
transferable or negotiable, and are
pT &c rInEn IN q m - naNx