The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1914-06-04
THE GREAT SAVINGS RANKS OF
VERMONT
Have Nithsiood the Financial lp.
hea,als ot the Past rs Years With.
Out Their Dcpositors Losing a Dol.

Have Withsiood the Financial tp
hea,als oi the Past rs Years With
j oui Their ncpositers Losing nol
lar.
Few people IA Vermont have ans
conception of the strength and com,
manding position of our state saving.
banks and The par, they have played
and are playing IN the making Of the
State and the Nation Only when ons
goes into other states does ho realize
by comparison, what their strength
means anl boU highly they are ro.
gartcd by bankers throughout thu
country
One Of our state bankers was sur
prised recently, while visiting in TO.
peka, Kansas, a city Of nearly 10000
people, TO hnd that the bankers there,
in their advertising, called attention
10 the large and strong savings banks
Of Rutland and Burlington, Vermont,
as the models after which their city
should pattern.
In these savings banks are gather
ed the savings Of rich and poor alike,
10 the amount Of over SO millions Of
dollars, on which the banks pay inter
est at four per cent per year, com
pounded in January and July, which
is the highest rate allowed by law
and is the largest tax free net income
that the investor can reasonably eN-
pect. These deposits have the advan-
tage not shared by any other form Of
investment, tnpt they arr Instantly
convertible into money al par in time
of need
These funds are in turn invested by
the bank under the supervision Of the
State Bank Commissioner and accord
ing to the strictest laws Of any state
in the Union. The wisdom Of this pol
ley is apparent, for though deposi
tors In other types of banks have suf
fered losses, no mutual savings bank
Of Vermont has ever failed or has
caused depositor to lose a dollar
either of principal or interest
There are n { these mutual saw
ngs banks in the state. One of the
strongest and most progressive Of
.hese is the Marble Savings Bank Of
Rutland, Vt. Established over thirty
years ago, this bank has gained an
,nviable place among the state banks,
,eing the fifth largest Of the mutual
,avings banks with assets Of over ST. |
100000, and an earned surplus and
,rofits fund Of upwards Of 100000
which belongs to the depositors and
$ held to insure the safety of their
deposits. Its business is II OF confined /
o Vermonters, but among its G,700
Iepositors are people from almost
very state lin the Union and many
oreign countries, showing well the
trong grasp which the bank has upon
he public confidence.
The Trustees of the Marble Savings
Sank are successful men Of long bank
ng and business experience, several
{ whom have been on the board since
he banks inception, 30 years ago
he present size and strength Of the
ank are great tribute to the un-
elfish efforts and able administration
iven by these busy men who receive
or this service only nominal fee
,hich does not in any way equal the
alue of their time expended or the
eneiit received by the bank from their
Use counsel and ripened experience.
The officers are men of tried bank
lg experience who by their unfaiI
lg attention and unceasing care FOR
neir patrons Interests, have made
ne name of The Marble Savings
ank a synonym for courtesy and
The bank makes a {
oecialty Of its large banking-by mail
lsiness and savers and investors |
gerywhere are invited to write to D
)hn N. Woodfn, President, or John s
Murphy, Treasurer, for full infor-
alton and booklets relating the his
'ry and methods Of this strong say
gs bank.-adv. from Rutland Herald :
ay Goth.