The Windham County reformer. (Battleboro, Vt.) 1876-1897, 1894-08-10
LAMOILLE COUNTY SAVINGS BANK
AND TRUST COMPANY.
One of VermOnt's Most Successful FL
nancial Institutions.

EX-Gov. Carroll 5. Page is receiving gene
raj congratulations from the state press thes,
days on the gratifying success which
he has made of the Lamolle County Saving,
Bank and Trust Company, of which he i,
president. 1t is significant fact that during
the recent panic he furnished the people OF
Lamoille county all the money they wanted
at per cent, and he stood ready to pay de.
positors on call. All of the funds of the
bank. which has deposits already amounting
to more than $3.50, 900 although it was started
in 1889, are invested in Vermont. and eX-Goy.
Page Is doing grand service to Vermont in
showing that home investments pay Bur-
lington Free Press.
The above from the Free Press puts the
whole thing in nutshell. The financial in
situations that are the most valuable to Yer
mont are those which operate solely within
her limits.
The Lamoille County Savings Bank and
Trust Company began business on January
u, 1889, with Carroll S. Page as president, ii.
NJ. Mcfarland. vce-presdent and Clarence
A. knight as treasurer. The board of direc-
tors, including the president and vice-presi-
dent, are; Messrs. Phillip X. Gleed. 5. A.
Fife, ii. p. Stowe and o. +. Gates. The
bank operates upon capital of SjO,OO0, to
which has been added, according to the July
statement, the very creditable surplus of S16,-
:'Sl.93. while the deposits reached the crafty
ing sum of S35S, 425.71. Its growth in public
favor has indeed been remarkable. but COM
ments are unnecessary in face of the follow
ing figures. showing the amount of deposits
for each year and up to July 1. 1894:
Jan. l. 1870. 500, 1S0.6l: Jan. |, 1891, $751;
1873; JAN l, 1892. S235 61S.3I: Jan. |. 1893.
1923, 225.62; Jan. |. 1894, S3lS. ,53.06: July I.
$50. 423.I. II is the only savings bank
which has every dollar of its assets invested
in Vermont. and in view of its brief existence
and the fact that its support is drawn prinei-
paly from an agricultural country. the above .
showing is probably not equalled by any sinh
lar bank in the state. and called forth recent
y the following pleasant comment from the
Express and standard of Newport:
We have warm spot in our heart for Gov
; Page, of Hyde Park. mainly from the
act that he is Nermonter who believes in
building up her institutions and rechimine
Ter abandoned farms. The governor not
MY does the largest business in green calf
kins of any dealer in that line in the United
tates. but finds time to look after the inter-
SIS of the Lamoile County Savings Bank
nd Trust Company of Hyde Park, OF which
he is president. This bank during
he panic of 1893 furnished TO the people of
.amoille county all the money they wanted at
tx per cent, and stood ready to pay all its
epositors on call. The best thing we can
ly of this institution and it, excellent man
cement is that il invests every dollar of it,
honey right here in Vermont where it i safe
nd secure and BY this means becomes IA POI
mt factor in building up our beautiful state.
ONE of our banks claim that they cannot in
est their money here in this state. hence are
bliged TO send il West. We have for some
me maintained that with little effort every
ollar of Nermont's surplus money could be
vested in the state proiitably. and TO the up
nilding of home industries and point with
ride TO GOV. Pages bank a most worthy
Sample TO be followed in this particular. II
ov. Pages bank can invest its money in
erm0nt on first class security. largely in it,
WI county. and shows such an excellent
cord Of prosperity. why can't every other
ink IN the state do the same things We
slieye they can and ought t., and propose
rce cheers 10 the genial ex-governor for
wing sci the Vermont banks most worthy
.ample 20 follow
This bank however, not only furnished the +
eOple Of Lamoilf courty ~ the money they
anied during the panic Of lS., bat during
az year the disposits showed a snug little
crease over the year previous while the