Newspaper Page Text
Postal Savings Bonds.
mWRIPTIOS OF POSTAL SAVINGS BOXIW. 1, Depositors of the Postal Savings System may exchange the wboleorapart of their deposits on January 1, 1112, for United States registered or coupon bonds in di-nominations'of 120, $100 and $500, bearing interest at tha rate of 25 per cent per annum, payable semiannually, and redeemable at the pleasure of the United States after one year from the date of is sue, both principal and interest payable 20 years from that date in United States gold coin. 2. Postal savinks bonds are exempt from all taxes or duties of the United States, as well as from taxation in any form by or under State, municipal or local authority. ,... -...., cojjvJCESIOS OF DEFOST8. 3. Applications for the conversion of deposits into bonds on January 1, 1912, must be received before Decem ber 15, 1911, by the postmaster at the depository office where the certificates were issued. The postmaster will sup ply an application form which must be made out in triplicate. The depositor must indorse and surrender with his application postal savings certificates covering the amount of the bonds de sired, for which the postmaster will give him a, receipt;. When the postmaster receives the bonds applied for he will notify the depositor and will deliver the bonds on presentation of the receipt for , $he certificates surrendered. , 4. The conversion of deposits into bonds at a date less than one year after the certificates began to bear interest forfeits' interest on the deposits as in the case of withdrawal for any other purpose. 5. Fostal savings deposits converted into bond' are not counted as a part of the maximum of $500 allowed one de positor, and there is no limitation on the amount of available postal savings bonds which may be acquired finally by a depositor. The exchange is consid ered as taking effect on January 1, and a depositor who has npplied to convert into bonds all or part of the maximum balance of $300 may deposit an addi tional amount in January, though the ' bonds may not yet have been delivered. 6. Postal savings bonds can be pro cured only by the conversion of postal savings deposits and will not bo issued to persons who are not depositors. They i mav be sold or assigned to any person, however, by the holder, and when a reyistered bond is assigned a new bond will bo Issued in the name of the. owner. RKOI8TF.RED AND COUPON HONDS. 7. ' The depositor's application must indicate whether bonds are desired in registered or coupon form. Coupon bonds are preferable for a depositor who intends to hold them for a short time only and who has ample facilities for their safekeeping. Theso bonds are pay able to bearer, and the title will pass by delivery without indorsement. Interest on coupon bonds is collected by means of interest coupons, which are detached by the holder as they becomo due. Registered bonds are preferable fcr persons intending to hold them for a considerable period,, and they diffor from coupon bonds in the following respects: ' i ' (aj They have inscribed upon their face tho names of the persons to whom thev are issued. (b) they are payable only to the person to whom issued or their assigns. (c) The ownership of registered bonds can be transferred only by as signment in proper form. . ASSIGNMENT OF BONDS, 8. Registered bonds are assigned by the use of a form printed on the back, properly dated and acknowledged. ' When the assignment is made by mark, it must bo witnessed by at least one person other than tho officer before whom it is mado. A ledger account is oponod in the Treasury Department at Washington with each holder of ono or more registered bonds, and when such bonds are assigned they should be trans mitted by the new owner to the Secre tary of the Treasury (Division of Loans and Currency) for transfer on the books of the department. Registered bonds can not be exchanged for coupon bonds. Coupon bonds may bo converted into registered bonds, without charge, at the . request of the holder. ASSIGNMENT BY MINORS. ' . Under the regulations of the Treasury Demartmont a minor can not assign registered bonds without the con sent of, a duly appointed guardian or trustee, evidence of whore, authority must be submitted. A miuor has tho right to convert his postal savings cer tificates into registered bonds, but if he should desire to assign the bonds dur ing bis minority he must comply with this regulation. This difficulty does not exist in the case of coupon bonds. A- n BONN E UNION CI GRAND CHAMPION SUCH UNION CITY, TENN (DlC Fsnflv it mr mum h a i 11 M 9 1 s llecl 1 p. im j FOUR BROTHE SIRED BY BONNIE RECORDS 1911 LoydJ., 2Mi Won four firsts and four sec onds and once behind the money in eleven starts and obtained rec ord Tri:State Fair Memphis, in memorable 5-heat race. onnie Boy, 2:12 Won six firsts and one second, one third and one fourth in nine starts and sold for $1,500; obtained record at Fulton, Ky., with Loyd J,4 driving him out. Nightrider, 2:13i Won nine firsts1 as follows : Corydon, Saleni, H untingburg, Evansville, Ind., Robinson, 111., Paducah, Ky., Holly Springs, (two) Columbus, Miss., second Mount Vernon and third Rockport, Ind. Gordon Boy, 2:144 ? Won five $500 stakes, three seconds and three thirds out of eleven starts and obtained record at Jackson, Miss. Above records in .West Tennessee Short-Ship Circuit and other fairs in Illinois, Indiana, Kentucky, Tennessee, Mississippi, Alabama and Georgia. The champion race will be held at the Union City Fair Grounds, called at 1 o'clock sharp, giving Visitors from points on the M. & O. RrR. time to see the race and return home on the afternoon train. Other attractions on this occasion will be Bonnie, the sire of these four horses, two brothers and two half brothers, and the dams, which will also be shown on the track at Union City. A number of Bonnie's colt3 will be brought here for exhibition. ' : The Fair Association Guarantees positively ho jockeying in this race. Every horse entered to win. HEATS THREE BEST IN FIVE There will be other attractions featured by the Fair Association on the above date at Union City, and horsemen from numbers of States will be here arilS crowds of visitors. The day will be full of sports inci dent to the occasion and everyone assured something special in a fast pace, as well as a day of profit and pleasure. . Admission, SO Cents W. C. FARR1S, Pres. J W. WOOSLE Y, Sec. which are transferred by mure delivery. FAYMKNT OK INTEREST ON BONDS. 10. Interest on registered bonds is paid by checks drawn at the Treasury Department in favor of the registered holder. These checks are sent by mail to the postollice address of the holder, and the holder of a registered bond should notify the Secretary of the Treas ury (Division of Loans and Currency) of any change in his postoffico address at least fifteen days before the interest falls due. Chicks for interest on registered bonds, as well as interest coupons de tached from coupon bonds, are payable on tlid presentation at the United States Treasury or at theofliee of any assistant treasurer of tbe United States. Interest checks and coupons covering interest on postal savings bonds may be cashed by postmasters under the same conditions as other Government paper. KOXD8 LOST OR PFSTKOYKD. 11. Payment on registered bonds that have been lost or stolen may be stopped by notifying tho Secretary of the Treasury (Division of Loans and Currency) at Washington. If coupon bonds are lost the Government does not undertake to protect the owner against the wrongful holder, but recognizes the bearer only. The owner has recourse only to such means as he could use to recover any other valuable property. When bonds, either registered or cou pon, have been destroyed wholly or in part, or defaced, a claim may be filed with the Secretary of the Treasury un der certain prescribed conditions for their replacement. Such claims will not be allowed for coupons which have ben detached from coupon bonds. INFORMATION RELATING TO OWNERSHIP. 12:. United States bonds arc issued, transferred, and redeemed under sucb regulations ri bpfWr t-i'yof thoTrcns-! nry may prescribe. Requests by holders 1 for additional information after the de livery of the bonds should be addressed to the Secretary of the Treasury (Di vision of Loans and Currency), Washington, D. C. Frank II. Hitchcock, ' Postmaster General. NEWS NOTES. Chairman Stanley, of the House Steel Trust Investigating Committee, had a conference with President Taft. He declared the Sherman anti-trust law to be a competent statute, but said he be lieved it could be improved by supple mentary legislation. Premier Asquith informed a band of woman suffragists that he was against their cause, but the Government would leave tho House of Commons free to give the women votes if the members could be persuaded so to do. Dr. Eugene Wardin, of th Uni! States Marine Hospital service, who' operated on President McKinley when he was shot in Buffalo, died in a sani tarium in a suburb of Philadelphia. Harry Brolaski, a former gambler, made the charge before the Chicago Civil Service Commission that the gamblers of the city kept a fund of $40,000 for use in "easing up public officials As a precautionary measure orders for the departure of American troops from the border have been revoked. Wash ington has received reports that another Mexican revolution is threatened. Indicted Chicago meat packers felt encouraged after an expression of United States Circuit Judge Kohlsaat during the trial which indicated that he .would grant the packers habeas corpus writs. " The Chicago Butter and Eggs Board claims that not enough fresh eggs are coming into Chicago to make price quotations worth while. It is reported that another attcriipt will bo made to restore the monarchy in Portugal. Two warships are said to have been purchased. The earthquake in Switzerland derailed street oars in Geneva. At Chanioui enormous avalanches rushed down Mount Plane. The caste of Hohcn- lollern in Prussia was damaged. Creditors of tho stock exchange tirni of J. M. Fiske fe Co. have voved to ac cept the offer of James It. Keene, amounting to about f 400,000, to effect a settlement. It was officially denied in Berlin that Crown Prince Frederick William had been ordered on a month's detention for his recent action in the Reichstag. The 'Frisco railroad system will have Orleans by an arrangement with the Louisville & Nashville railroad. Lord and Lady Decies, who was Miss Vivian Gould, arrived at New York to attend the wedding of LordCamoys and Miss Mildred Sherman. Bam and Contents Burn. Hickman, Ky., Nov. 17. Fire broke out at 11 o'clock last night in the barn of S. M. Pewtt, residing in South Hick man, just at the edge of town. His buggy horse, two cows, a farm horse, two buggies, twonty tons of hay, valued at $400, all of his new farming imple ments and a large crib of corn woro de stroyed. It. was a complete loss, esti mated between $2,000 and $2,500 Use Dahnke-Walker Milling Co. Jer sey Cream Flour, a home product, and guaranteed. INTERESTING EVENTS IN CHICAGO NINETEENTH ANNUAL IRRIGATION CONGRESS DECEMBER 5 TO 9 The object and purpose of this Con gress can best bo expressed in its motto, Save the forests, store the foods, re claim tho deserts, make homes on the land," to which might be added drain I the swamp and make homes on the lland." There are iu the United States 75,000,- 000 acres of swamp land, non-productive, a menace to health, and a dolor rent to immigration. Seventy-five thou sand acres divided into 40-aoro farms means homes for 1,875,000 families, or approximately 10,000,000 of our citi zenship. This -land when reclaimed will be as healthful as land that has always been dry, and will bo the most produc tive of all lands, because it is composed of the rich soil brought down by the rivers, deposited and mixed with tho de cayed vegetation for ceuturies. On account of the diversified owner ship and State complications it would seem that tho United States Government is logically tho authority to redeem theso lands along the lines pursued in the re clamation of the arid lands of the West. Tho results of irrigation of the arid lands of the Far West, and the possi bilities of tho drainage of the swamp lands of the Great South, and else where, will be given particular attention in an elaborate program that has been planned for this congress. Delegates from all parts of tho country, as well as foreign representatives, have been in vited, and a goodly attendance is ex pected. Reduced fares to Chicago havo been authorized for this occasion, with dates of sale December 3 to G, inclusive. Re turningoriginal starting point must be reached not later than December 12. Land Show, Nov. 10 to Dec. 9 An ocular demonstration of tho agri cultural and horticultural development of lands throughout the United States. An attendance of over 400,000 is pre dicted this year. Be sure and visit tho Illinois, Central Eihibit of products grown in the two great Southern States of Louisiana and Mississippi. ( Live Stock Exposition, Dec. 2 to 9 This well-known and coiintrv-fumn., show will beheld id the International Amphitheatre and twenty adjoining buildings at the Union Stock Yards, Chicago, and a display of manv thou. sands of the finest breeding cattle, horses, sheep and swine makes it a grand contest of chamriio:, Klai,Ktni- Tests, Packing House Exhibits, Collegi ate anu warmers- Block-Judging Con tests, National Brooders' and Stockmen's Meetings. Public Dailv S j Evening Entertainments. I Reduced fares to Chicago have been authorized for this I t " 4 of salo December 3 to 6. inrlnaivn up turning, original starting point must be reaencti not later man December 12. Best reached by fast and eiTii ,'ienf. train service of tho , ILLINOIS CENTRAL R.R. Tickets, reservations, train tirv.o r.,i specific faren from your station may be bad of your local ticket agent. U. II. BOWERS, G. P. A., Memphis, TenD. i