Middlebury register. (Middlebury, Vt.) 1886-1937, 1914-06-05
THE GREAT SAVINGS BANK
OF VERMONT
Have Withstood the Financial Up
heavaIs of the Past TO Years
Without Their Depositers
LOSING Dollar

Few people in Vermont have any con
ception of the strength and command
ing position of our State Savings banks
and the part they have played and are
playing in the making of the State and
Nation. Only when one goes into other
states does he realize, by comparison,
what their strength means and how
highly they are regarded by bankers
throughout the country.
One of our State bankers was sur
prised recently, while visiting in Topeka,
Kansas, city of nearly 60,0 people,
to find that the bankers there, in their
advertising, called attention to the
large and strong savings banks of Rut-
land and Burlington, Vermont, as the
models after which their city should
pattern.
In these savings banks are gathered
the savings of rich and poor alike, to
the amount of over fifty millions of dol
lars, on which the banks pay interest at
four per cent per year, compounded in
January and July, which is the highest
rate allowed by law and is the largest
tax free net inc me that the investor
can reasonably expect. These deposits
have the advantage not shared by any
other form of investment, i that they
are instantly convertible into money at
par in time of need
These funds are in turn invested by
the bank under the supervision of the
State Bank Commissioner and according
to the strictest laws of any State in the
Union. The wisdom of this policy is
apparent, for. though depostors in
other types of banks have suffered los
SEES, no mutual savings bank of YER
hoc OF he,
depositor to lose dollar either of prin-
cipal or interest.
There are q of these mutual savings
banks in the State. One of the strong
est and most progressive of these is the
Marble Savings Bank of Rutland, VT
Established over 80 years ago, this bank
has gained an enviable place among the
State banks, being the fifth largest of
the mutual savings banks with assets
of over 50, 700, 900, and an earned sur
plus and profits fund of upwards of
5000, 900 which belongs to the depositors
and is held to insure the safety of their
deposits, Its business is not confined to
Nermonters, but among its 600 deposit
ors are people from almost every State
in the Union and many foreign coun-
tries, showing we'll the stl ong grasp
which the bank has upon the public con-
fidence
The trustees of the Marble Savings
Bank are successful men of long bank
ing and business experience, several of
whom have been on the board since the
banks inception, 80 years ago. The
present size and strength of the bank
are great tribute to the unselfsh eff
forts and able administration given by
these busy men who receive for this
service only a nominal fee which does
not in any way equal the value of their
time expended or the benefit received
by the bank from their wise counsel and
ripened experience.
The officers are men of tried banking
experience who by their unfailing at
tention and unceasing care for their pa
irons interests, have made the name of
the Marble Savings Bank a synonym
for courtesy and progressiveness. The
bank makes a speciality of its large
banking-by-mail business and savers
and investors everywhere are invited
to write to John N. Woodfin, President,
or John j. Murphy, Treasurer, for full
information and booklets relating the
history and methods of this strong saw
ings bank. adv.
Rutland Herald, May 80.