Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1911-10-20
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 70 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 seepless
whenever its interests are in jeopody.
9Th. The managers of the Bank
must not be spectators. Many a fair
ly good man with purposes pure and
honest has been tempted to "take a
flyer" in the stock market aud 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 il
stealing; he simply borropS it and is
going to pay it back tomorrow; but
quite often "tomorrow" never comes and
the bank Official is disgraced aud the
bank ruined.
The careful man who thinks OF
making deposit naturally asks care
there any banks which size up to the
model above outlined r We reply
Certainly, the great majority of Yer
mont banks do" The Hyde Park Saw.
ings 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: "Tht
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 allow careful, how painstaking'
how conservative in making its invest
ments and loans has been the banl
where contemplate placing my funds ?
for this is the highest possible test tc
which banks management can be sub
jected.
Measured by this standa I'd, the Hyd,
Park Savings Bank stands at the head
and can truthfully say, what few bank,
twenty-five years old anywhere can say
namely, that during its entire existence
it has never lost dollar by poor note
Results are what tell the story. "a
pound of fact is worth ton of theory.
The best evidence that bank will per
sue the safest possible course in banking
is the fact that it has done it.
That the depositing public have com,
to have practically unlimited faith il
the safety of the Hyde Park Savings
Bank is shown by the fact that for III,
past four years the deposits have aver
aged to exceed the Withdrawals by NOR,
than 5000 for every business day. Tt
deposits exceeded its Withdrawals las
month by $34,954.27.
1t pays 4 per cent and compounds The
interest semi-annually, pays all tn,
taxes, and, best of all, It earnestly court
a careful examination of its assets an.
business management by every deposit
or-yes, by everybody interested to per
sonaliy know the bottom facts.
Deposits made by mail are shown tt
be perfectly safe by the fact that in it
entire existence not single dollar ha
ever been lost in transmission to thi
bank through the mails. The prope
way is to send by Registered Letter
Postal Money Order, or Check. Receip
will be returned the day following it
arrival at Bank.-News and Citizen.