The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1911-10-05
What Constitutes A Sound, Safe,
strong Savings Bank.

strong Savings Bank.
LIST. The principles governing It's
management should all conform TO
the principles governing the manage
ment of successful banks.
End The directors must direct.
3rd They must have sufficient
pecuniary interest In the institution
70 prompt them to be careful and
painstakng in the examination Of
every loan offered.
4th They must not be indifler-
ent, 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 treas
urer but every one in any way con-
nected with the conduct of the bank
must be tlrelees and sleepless when
ever 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 II 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 deposit naturally asks
Are there any banks which size up
to the model above outlinedP" 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 contemplatcs plac |
ing his or her hard-earned savings |
In the bank should adopt this mot
to. 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 How careful, how pains
taking, how conservative in making
its investments and loans has been
the bank where contemplate plac-
ing my funds?" for this Is the
highest possible test to which
banks management can be subject
ed.
Measured by this standard, the
Hyde Park Savings Bank stands at
The head and can truthfully say
what few banks twenty-five years
Did anywhere can say, namely, that
turing its entire existence il has
lever lost dollar by poor note.
Results are what tell the story,
"A pound Of fact is worth a ton of
heory." The best evidence that
,ank will pursue the safest possible
curse in banking is the fact that 1t
las done It,
That the depositing public have
ONE TO dave practically unlimited {
aith in the safety OF the Hyde PARK 6
avings Bank Is shown by the fact
hat for the past four years the !
eposits have averaged TO exceed
he Withdrawals by more than 5000 '
Or every business day. It's deposits
xceeded It's Withdrawals last month y
y s34,s5457. 6
II pays 4 per cent and compounds
ne interest seml-annually. pays all 2
be taxes, aud. best OF all, II ear Q
estly courts a careful examination
its assets and business manage
lent by every deposition yes, by I
gerybody interested to personally u
now the bottom facts
Deposits made by mail are shown {
be perfectly safe by the fact that
its entire existanee not a single
Dllar has ever been lost hi trans 4,
isslon TO this bank through the u
ails The proper way is TO send D,
! Registered Letter, Postal Money d;
rdcr. Express Money Order. or By r.
leck Receipt will be returned the r
y following It's arrival a, Bank n
sws and Citizen 10