St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1911-10-25
WHAT CONSTITUTES A SOUND,
SAFE, STRONG SAVINGS BANK.

WHAT CONSTITUTES A SOUND,
SAFE, STRONG SAVINGS BANK.
1st. The principles governing its
management should all conform to
the principals governing the man
agement of successful banks.
End The directors must direct.
3rd. They must have sufficient
pecuniary 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 she would not give a pic
ayune 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 it's
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 steals the money from
his bank. He does not call it ''steal-
ing; he. simply bOrrOWs it 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 outlined?"
We reply Certainly: the great ma
jority of Vermont banks do" The
Hyde Park Savings Bank fills the
bill in every one of the above par
ticulars.
The person who contemplates
placing his or her hard-earned saw
ings in the bank should adopt this
motto: 1.-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 Chow careful, how pains
taking, how conservative in making
it's investments and loans has been
the bank where I contemplate plac-
ing my funds?" for this is the high
est possible test to which banks
management can be subjected.
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 it's entire existence it has
never lost dollar by a poor note.
Results are what tell the story.
GA pound of fact is worth ton of
theory" The best evidence that a
bank will pursue the safest possible
in no ic foa ut hof
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 exceeded it's Withdrawals
last month by $34,954.57.
1t pays 4 per cent and compounds
the interest semi-a.nnually, pays all
the taxes, and, best of all, it earnest
ly courts a careful examination of it's
assets and business management by
every repositories, by everybody
interested to personally know the
bottom facts.
Deposits made by mail are shown
to be perfectly safe by the fact that
in it's entire existence not single
dollar has ever been lost in trans
mission to 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
News and Citizen.