Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1892-11-03

democrats were false at Chicago, what rea
son have We to believe that they are not
equally false now Then they said they
would: now tnoy say they will not.
At present business is as good as It can
possibly he during a presidential election,
with a possible diaastrous removal of duties
staring business men in the face. If Cleye-
land il elected. all will 10 uncertainty during
tho many months which the democrats are
sure to devote TO tinkerIng the tariff.
II Harrison is elected the people will know
at once what to expect. Things will con-
tiuuo 90 they ore at present practically and
at the closs Q, election business viii proceed
as before. These are the reasons why bust
ness men, manufacturers and laborors, and
all people VINO desire business to continue in
uninterrupted prosperity, favor{the republi-
can party. This Is why they will vote for
Harrison
Burliugion's Savings Institutions.
The city Of Burlington is justly proud Of
| IFS financial AMI business institutions. Their
progressive yet conservative methods nave
/ given the town e standing and reputation
/ for financial soundnes, second to none, 20
/ FAR as we can learn. Especially is this true
/ OF car savings institutions. Tho State in
/ srector of finance in his annual report, re-
| Gently issued speaks of the savings banks Of
of the State as being well managed and in
sound condition. Burlington has particular
reason for pride in this respect.
| Take for instance the old Burlington Saw
| ings bank, which has had remarkable
| growth for the past few years, aud IS now
not only the largest in the state, but, as
shown by jts statement, is also one of the
strongests. Daring tho last three wears its
assets have increased from $2,1l3, $4,000 to
81, J27, 09G00 and the number of deposit
ors from G339 70 J4li, being an increase Of
3OG) depostors and 81, 4l3, 2j0. 90 IN aseets.
Moreover, we learn from its officers that
during that time not one dollar has been
lost, ethor Of principal or interest which
certainly speaks wen for the management.
Then there ia the Burlington Trust com
pany. just ten years ago the Legislature
granted a charter giving corporate exist
ence to this institution. in reviewing the
report OF the inspector Of finance it is inter
esting to note that two years ago the trust
compsny's assets were $S25, 299. IA as com
pared with 81, 073 40Q "A at present. This
is, Of course, to lie attributed to the strong
management which the institution has had
from the start and which lie indicated by
the names Of those prominent IN our city ms
successful BUSINESS men, who are tho active
managers Of The institution. In tho
inspectors summary OF ths banks I'M
der his supervision we note that our trust
/ cou7ranv orl-s .pcODd arncncs tha tIust crp M
pantes Of the state.
Probably few people ara aware how
many persons are saving q portion Of
their savings for rainy day who would not
be doing 30 to sucl TN extent but for our
savings bank and trust company.
And for the most part they
are confined to those who depend
upon their daily earnings for their living,
and those who above ell others should be
saving, 1t is a significant fact that of the
nearly 10000 depositols in tho Savings
Bank about one-lalf are luborers, servant
girls, etc, and the average deposit is only
about $500, Many Of those depos!tors could
not invest their earnings prohtabiy without
the savings institutions.
The young man, or the young woman,
r who in starting out in life, begins or
account in n savings bank or trust
} company is laying the foundation for
future competency and comfort, and nc
P cumulatinZ capital which later on may be
made the basis Of q successful career. When
a business opening presents itself they are
prepared to take advantage OF the oppor.
tunity, not 10 mention The increased Lom,
,T.,vr- ,.l.s oh +hs
5. -,
mas ,oo, bova ho,r, &C dsnosito,. h Gov,