Jasper County Democrat, Volume 18, Number 13, Rensselaer, Jasper County, 22 May 1915 — New Postal Savings Feature. [ARTICLE]

New Postal Savings Feature.

Every person in the United States ten years old or over may open an account in a postal savings bank after July Ist, according to an instructive leaflet on the postal savings systems just issued by Postmaster General Burleson. This important extension of the service will be made possible by permitting persons living in communities so sparsely settled as not to justify the designation of their local postoffices as regular postal savings banks, to open accounts by mail. Under the plan adopted by the postmaster genera, for opening accounts by mail an intending depositor, residing where there is no regularly designated postal savings bank, will apply to his local postmaster who will see that necessary identification data is prepared and forwarded to a nearby pofetoffice authorized to accept deposits. The intending depositor will then be given permission to forward his first and subsequent deposits by money order or registered mail direct to the postmaster at the banking point for which receipts or certificates will be issued. He may withdraw all or any part of his postal savings by mail and on demand together with any interest that may be due him. The new, leaflet points out that any person ten years old or over may open an account in his or her own name; that an account may be opened by a married woman free from any control or interference by

her husband; that postoffice officials are forbidden to disclose to any person, except the depositor, the amount of any deposit; that withdrawals may be made without previous notice; and that the government-guar-antees to repay all deposits on demand with accrued interest.