Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1911-10-06
WHAT CONSTITUTES A
SOUND SAFE STRONG SAVINGS BANK

lst 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 and pains
taking in the examination of every loan
offered.
4th. They must not be Indifferent,
inert or slothful A good banker has
said that abe would not give picayune
for 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 he tireless and sleepless
whenever its interests are in jeopody.
Eth. The managers of the Bank
must not be spectators. Many 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 goe,
wrong and he is called upon to "makt
good his margins he steals the none,
from his bank. He does not call i
stealing; he simply borrouS it and il
going to pay it back tomorrow; bu
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 Gar
there any banks which size up to tn
model above outlinedr We repl
"Certainly, the great majority of Ven
mont banks do" The Hyde Park Saw
ings Bank fills the bill in every one o
eho "poNc dieiCuldis'
The person who contemplates placin
his or her hard-earned savings in th
bank should adopt this motto: 9Th
safest bank is none too safe and tn
best bank is none too good for me-"
Acting upon this motto the first in
quiry is chow 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.
Measured by this standard, the Hyd
Park Savings Bank stands at the heat
and can truthfully say, what few bank
twenty-five years old anywhere can sa,
namely, that during its entire existenc,
it has never lost dollar by poor not,
Results are what tell the story. &C.
pound of fact is worth ton of theory
The best evidence that a bank will PEI
sue the safest possible course in bankin
is the fact that it has done it.
, That the depositing public have com
: to have practically unlimited faith i
the safety of the Hyde Park Saving
|, Bank is shown by the fact that for II
past four years the deposits have ave-
> aged to exceed the Withdrawals by MOI
r than 5000 for every business day. I
deposits exceeded its Withdrawals La
!, month by 34,954.27.
! 1t pays A per cent and compounds tt
. interest semi-annually, pays all Il
! taxes, and, best of all, It earnestly cour
a careful examination of its assets an
business management by every deposi
I or-yes, by everybody interested to pc
! sonaliy know the bottom facts.
Deposits made by mail are shown t
+ be perfectly safe by the fact that in il
entire existence not single dollar hi
h ever been lost in transmission to tn
' bank through the mails. The prop
t way is to send by Registered Lette
= Postal Money Order, or Check. Recei
! will be returned the day following i
= arrival at Bank.-News and Citizen.