Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1912-01-12
What Constitutes Sound, Safe, Strong
Savings Bank:

1st The principles governing its man
agement should all conform to the prin-
ciples governing the management Of sue
cessful banks.
End The directors must direct
3rd. They must have sufficient pecun-
larry interest in the institutions 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 Tor
a bank treasurer who did not take MS
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 sleepiess
whenever its interests are in jeopardy
5th. The managers of the Bank must
not be spectators. Many fairly GOOD
man with purposes pure and honest mas
been tempted to ''take 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 it 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
| ba nks 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 contempates 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
auiry is How careful, how painstaking'
how conservative In making us invest
| ments and loans has been the bank
where I 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
II 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 pur-
sue the safest possible course in banking
is the fact that 1t has done 1t.
That the depositng 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 $soo
for every business day: Its deposits ex-
ceeded its Withdrawals last month by
$34. 954.57
It pays 4 per cent and compounds the
interest semi annually. pays all the
taxes, and, best of ALL It earnestly courts
careful examination Of its assets ano
business management by every deposit
tor-yes, by everybody interested to per-
sonally know the bottom facts.
Deposits made by mall are shown TO DC
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 IL
to send by Registered Letter Postal
Money Order. Express Money oroe.' OF
nv check. Receipt will be returned the
day following its arrival at Bank-tNews
and Citizen.