The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1911-10-26
What Constitutes A Sound, safe,
Strong Savings Bank.

/ '"S
LIST. The principles governing its
management should all conform to
the principles governing the manage
ment of successful banks.
i 2nd, The directors must direct.
3rd They must have sufficient
Epecunlary interest in the institution
20 prompt them to be careful and
painstaking in the examination Of
every loan offered
4th. They must not be indiffer-
ent, inert or slothful. A good banker
has said that che would not give
plcayune for bank treasurer who
did not take his bank to bed with
him. In short, not only the treas
urer but every one in any way con
nected with the conduct of the bank
must be tireless and sleepless whom
ever It's interests are in jeopardy.
9Th The managers Of the Bank
must not be spectators. Many a
fairly good man with purposes pure
and honest has been tempted to
take a flyer" IN the stock market
and when he is "pinched," TO use
Wall Street slang in other words
when the market goes wrong and he
Is called upon to make good his
margins he steals the money from
his bank. He does not call II steal
ing" he simply borrows 1t and is
going to pay it back tomorrow
but quite often tomorrow" never
comes and the bank official is dis
graced and the bank ruined.
The careful man who thinks of
making a deposit naturally asks
Are there any banks which size up
to the model above outllned?" We
reply Certainly, the great majority
Of Vermont banks do" The Hyde
Park Savings Bank fills the bill In
every one of the above particulars
The person who contemplates plac
Ing his or her hard-earned savings
in the bank should adopt this mot
to: THE safest bank is none too
safe and the best bank is none too
good for me.
Acting upon this motto the first
Inquiry is How careful, how pains
taking, how conservative~ln making
Its investments and loans has been
the bank where ! contemplate plac-
ing my funds?" for this is the
highest possible test to which a
banks management can be subject
ed
Measured by this standard the /
Hyde Park Savings Bank stands al |
the head and can truthfully say
what few banks twenty-five years
old anywhere can say, namely, that
during its entire existence it has
never lost dollar by a poor note.
Results are what tell the story,
"A pound of fact is worth ton Of
theory" The best evidence that a
bank will pursue the safest possible
course in banking Is the fact that II
has done H.
That the depositlng public have
come to have practically unlimited
faith In the safety of the Hyde Park
Savings Bank Is shown by the fact
hat for the past four years the
deposits have averaged to exceed
he Withdrawals by more than 5000 :
or every business day. Its deposits
Exceeded its Withdrawals last month
" s34.95457.
II pays per cent aud compounds I
he interest semi-annually. pays all
he taxes, and, best Of all. 1t ear
testify courts a careful examination 4
4 its assets and business manage {
nent by every epositor-yes, by !,
Everybody interested 10 personally q
now the bottom facts. 4
Deposits made by mail are shown y
0 be perfectly safe by the fact that .
D It's entire esistance not single 4
ollar has ever been lost In trans q
Alssion 10 this bank through the =
lails. The proper way IL 10 send 4
y Registered Letter. Postal Money v
rider, Express Money order. or by
heck. Receipt will be returned the
ay following Is arrival a, Bank
iews and Citizen Isl
e.