Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1911-11-03
What Constitutes a Sound, Safe, Strong
Savings Bank:

list. The principles governing its man
agement should all conform to the prin-
clples governing the management of sue
cessful banks.
End. The directors must direct.
Bird. They must AVE sufficient pecun-
larry interest in the institution to prompt
them to be careful and painstaking in the
examination of every loan offered.
4th. They must not be Indifferent,
inert or slothful. A good banker has said
that "he would not give a %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."
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 stealing; he simply
borrows it and Is going to pay 1t 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
outlined?' 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-earned savings in the
bank should adopt this motto: THE
safest bank is none to safe and the best
bank is none to good for me-"
Acting upon this motto the first in
quiry is How careful. how painstaking,
how conservative in making its invest
ments and loans has been the bank
where l contemplate placing my funds?'
for this Is the highest possible test to
which a banks management can be sub
jected.
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
N has never lost a dollar by a poor note.
Results are what tell the story. "A
pound of fact is worth a ton of theory"
The best evidence that a bank will pur-
sue the safest possible course in banking
is the fact that 1t has done 1t.
That the depositing public have come
to have practically 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-
ceeded Its Withdrawals last month by
$34, 954.57.
1t pays 4 per cent and compounds the
interest semi-annually, pays all the
taxes, and, best of all, 1t earnestly courts
a careful examination Of its assets ana
business management by every deposit
tor-yes. by everybody interested to per-
sonally know the bottom facts.
Deposits made by mail are shown to be
perfectly safe by the fact that in Its en-
tire existence not a single dollar has ever
been lost in transmission OF this bank
through the mails. The proper way Is
to send by Registered Letter, Postal
Money Order. Express Money Order. or
by Check. Receipt will be returned the
day following It's arrival at Bank.-tNews
and Citizen.