The Barre daily times. (Barre, Vt.) 1897-1959, 1911-10-06
WHAT CONSTITUTES
4 Sound, Safe, Strong Savings Bank;

LIST. The principles governing its man
agement should all conform TO the prin.
ciples governing the management OF sue
cessful banks.
2nd. The directors must direct.
3rd They must have sufficient peeu-
MARY interest in the institution to
prompt them to be careful and painstaI,-
ing in the examination of every loan
offered.
4th, They must not be indifferent,
inert or slothtul. A good banker has
said that he would not give picayune
for a bank treasurer who did not take
his bank to bed with him. In short,
not only the treasurer, but every one in
any way connected with the conduct OF
the bank must be tireless and sleepless
whenever its interests are in jeopardy,
5th. 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, y
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 it Stealing; he simply
"borrows" it and is going to pay it back
Tomorrow; but quite often "to-mor-
row. never comes and the bank official is
disgraced and the bank ruined.
The careful man who thinks OF making
deposit naturally asks Are there any
banks which size up to the model above
outlined 7" 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 placing
his or her hard-esrned savings in the
bank should adopt this motto: "The
safest bank is none too safe and the best
bank is none too good for me-"
Acting upon this motto, the first in
quiry is; How careful, how painstak-
ing, how conservative in making its in
vestments and loans has been the bank
where contemplate placing my funds n
for this is the highest possible test to
which banks management can be sub
iected
Measured by this standard, the Hyde
Park Savings bank stands at 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 bank will pur-
sue the safest possible course in banking
is the fact that it has done it.
That the depositing public have come
TO have practically unlimited faith in the
safety of the Hyde Park Savings bank is
shown BY the fact that for the past four
Years the deposits have averaged to ex-
coed the Withdrawals by more than 5000
for every business day. Its deposits ex-
eeeded its Withdrawals last month by
$34,05457.
II pays per cent. and compounds the
interest semi-annually, pays all the
taxes, and, best Of all, it earnestly courts
careful examination of its assets and
business management by every depositor
yes, by everybody interested to person
all know the bottom facts.
Deposits made by mail are shown to
be perfectly safe by the fact that in its
entire existence not single dollar has
ever been lost in transmission to this
bank through the mails The proper
way is to send by registered letter,
postal money order, express money order,
Tor by check Receipt will be returned
the day following its arrival at bank
News and Citizen.