Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1911-10-13
WHAT CONSTITUTES A
SOUND SAFE STRONG SAVINGS BANK

LIST The principles governing its
management should all conform to the
principles governing the management
Of successful banks.
?nd The directors must direct.
3rd. They must have sufficient pecu
MARY interest in the institution to
prompt them TO be careful aud pains
taking in the examination of every loan
offered.
4th. They must not be Indifferent,
inert or sothfnl. A good banker has
said that "he Would not give a picayuue
for a bank treasurer who did not take
his bank 20 bed with him" In short,
not only the treasurer but every one in
any way connected with the conduct of
the bank must be tireIess aud sleepless
whenever its interests are in jeopody.
9Th. The managers of the Bank
must not he spectators. Many II fair
ly good man with purposes pure and
honest has been tempted to stake a
| flyer" in the stock market and when he
is "pinched," to use Wall Street slang
in other words when the market goes
wrong aud he is called upon to "make
good his margins steals the money
from his bank lie does not call il
stealing; he simply JorroUs it and i;
going to pay it back tomorrow but
quite often "tomorrow" never comes ant
the bank Official is disgraced and tn,
bank ruined,
The careful man who thinks o
making deposit naturally asks oar,
there any banks which size up to th
model above outliuedY We repl,
"Certaialy the great majority of Ver
mont banks do" The Hyde Park Saw
ings Bank fills the bill in every one o
the above particulars.
The person who contemplates pacin
his or her hard.earned savings in tn
bank should adopt this motto: 9Th
safest bank is none too safe aud tn
best bank is none too good for me-"
Acting upon this motto the first il
quiry is elbow careful, how painstaking
how conservative in making its inves
ments and loans has been the ban
where | contemplate placing my funds
, for this is the highest possible test t
which banks management can be sui
jected.
7 Measured by this standard, the Hyd
Park Savings Bank stands at the hea
: and can truthfully say, what few bank
t twenty-five years old anywhere can sa,
: namely, that during its entire existenc
3 it has never lost dollar by poor not
Results are what tell the story. Z"
9 pound of fact is worth ton of theory
The best evidence that bank will pc
$ sue the safest possible course in bankin
8 is the fact that it has done it.
t That the depositing public have con
: to have practically unlimited faith
6 the safety of the Hyde Park Savin
Bank is shown by the fact that for 81
8 past four years the deposits have ave
'r aged to exceed The Withdrawals by mo
Is than 5000 for every business day.
n deposits exceeded it's Withdrawals la
IL month by 1874, 954.27.
q 1t pays per cent and compounds Z
% interest semi-annually, pays all I
taxes, and, best of all, It earnestly coul
'e careful examination of its assets al
70 business management by every depos
;" or-yes, by everybody interested to pc
- sonaliy know the bottom facts.
'' Deposits made by mail are shown
W be perfectly safe by the fact that in
= entire existence not single dollar h
ever been lost in transmission to Il
bank through the mails. The pror
way is to send by Registered Lett
8. Postal Money Order, or Check. Recei
will be, returned the day following
" arrival at Bank.-News and Citizen.