News and citizen. [volume] (Morrisville, Vt. ;) 1881-current, 1914-06-10
A Wonderful Savings Bank
Growth

The IamOllle County Savings
Bank land Trust Company has
recently passed it's 25th mile
stone, 7having commenced bust
ness in 1889.
1t has issued to it's depositors
a little booklet-which it will
send to any one asking therefor
until the supply is exhausted
setting forth certain facts con-
nected with this Bank.
The booklet contains a por-
trait Of the President, Gov. Page;
Vice Presidents. H. M, McFar-
land and Russell S. Page; Treas
urer Frank M. Culver; ), and the
other. members of the Board of
Directors, S. A. Fife, Arba A.
Pike, r. w, Hulburd, and D. H.
Scribner, f.
The officials are certainly able
to make very creditable show
ing. Below we give some of it's
claims as set forth in its booklet:
Between July /, 1907, and Jan
uary /, 1914, the deposits of the
Bank increased from 1914, 158 81
to- So, 500. 44S. 10, or more than
threefold.
Touching it's financial strength
it says that -
"Since the Bank S organization
it has passed through two disas-
trous panics. tits notable fact,
a fact favorably commented upon
by business men in every section
of the state, that during these pan
les the Hyde Park Bank was not
only able to pay every depositor
calling for his money without a
moments delay, but it kept it's
finances so well in hand that it
always had money to loan to
every Vermont borrower living
within it's proper loaning sphere.
1t takes justifiable pride in the
fact that during the panic years
of 1893 and 1907 it was never
tempted to enter Wall Street
to speculate or to buy out-of-
State notes, which could have
been purchased at most exhorbi-
tant rates of discount. On the
contrary, in those days of great |
monetary stringency it loaned |
its surplus funds to the people
and banks of Vermont, never
asking or accepting more than
the legal rate of interest-6 per
cent. The Hyde Park Bank has
ALWAYS felt that in building up,
encouraging, and conserving
every legitimate Vermont indus
try and enterprise, it was build
ing up and strengthening itself.
That this policy has been a wise
one and one which has been
most generously appreciated by
the people of Vermont is fully
demonstrated by the wonderful
growth OF the Bank. especially
since the panic of 1907" .s.t a.
When it is considered that dur
ing the panic year, July I, 1907
to July L, 1908, a year in which
many banks made little or no
growth in deposits, the Hyde
Park Savings Bank actually i
gained in deposits more than
1886, 700, the above statement
should excite no wonder. 1t
simply shows that the people of
Vermont believed in and implicit ,
ly trusted the managers of the
Hyde Park Bank and that the
of the Bank on their !
part rose to the full opportunity
of the occasion and generously ,
declined to add to it's profits by
the Bank to be made the
for transporting money ,
out of the State. .-s
To make a long story short, |
the people were good to the
Hyde Park Bank and that Bank =
reciprocated by being good to
the people of Vermont.
Pounds and Weights.
Here is question that will tax the .
powers of youth. Sup
pose that for some reason or"anOther
a shopkeeper who sold goods by pounds
and half pounds, but never in quanti- il
ties exceeding twenty pounds at time
was told that he must transact all
this business with four weights only.
What must these four weights be? The v
answer Is half pound, one and a half \
pound, four and half pound and thir-
teen and half pound. With these it r
will be readily seen that any weight
from half a pound to twenty pounds
may be determined in pounds and half Il
pounds. b
His Card Tricks. n
Mrs StrVVpr--Wa had a most pniOV- ',