Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1920-12-30
Where Do Savings Bank De-
positors Prefer to Place Their
Savings, and Why?

NOMbEN wv
In an article appearing in this paper last week.
asked the above questions The reply then made
substantially covered by the following paragraph:
81 will place my deposit in that Savings Bank
which upon careful inquiry and investigation finally
conclude to be the best managed strongest and safest
My motto shall always be:
Safety First--Safety Last Safety Always
THE BEST is NONE TOO GooD-THE sToNG-
EST NONE TOO STRONG"
In emphasizing the fact that the Lamoille County
Savings Bank carried larger proportion of it's assets
in United States Bonds than any other Vermont Bank
and therefore prominently strong, made of
the following language:
THERE ARE FIFTY-NI SAVINGS BANKS
IN VERMONT WITH A SINGLE EXCEPTION, NOT
ONE OF THEM CARRIES AS LARGE Proper
TION OF IT'S DEPOSITS IN UNITED STATES
BONDS AS THE HYDE PARK BANK"
that Bank, Wis its very large surplus shown by the
last printed report of the Vermont State Bank Exam
liner. Here are the facts shown by that report
OUT OF THE ENTIRE THIRTY-THREE YER
MONT SAYINGS BANKS ORGANIZED SINCE THE
INCORPORATION OF THE LAkOILLE COUNTY
SAVINGS BANK AND TRUST CO., IN 1889, THERE
ARE BUT TWO WHOSE PERCENTAGE OF SUR.
PLUS TO DEPOSITS EQUALS THAT OF THE HYDE
PARK BANK.
Now, what conclusions may be properly drawn
from this fact? Every experienced banker knows that
there TIVE kinds of bank cement. One insists
that the surplus of the Savings Bank be conserved and
laid aside 8 safety fund 10 guard against and care
for and possible loss TO the end that the alb
solute safety OF the depo9Or shall always be the para
mount consideration and first of the bank
ment. The other kind of management would distribute
this surplus passing 1t along from time to time div
idends to individuals. 1T IS UNNECESSARY TO SAY
THAT THE HYDE PARK BANK COMES IN THE
FIRST NAMED CLASS. ..~44- %, -.
The conservative banking methods Of the Hyde
Park Bank for nearly two generations have been known
grasps the import Of this unusual caution and
servatsn he Is inevitably forced to the conclusion that
the Bank which stands cut foremost and pYseniNent
for conservation is, other things being equal the
where he vouA deposit part At lssst OF Ah savinys
Having ampfed upon two especially high
points of financial strength in the Hyde Park Bank its
high quality Of bank assets and its large surplus
purpose in next article to give the reader third
why Savings Bank dspostors should prefer 10
place portion of their savings in the Hyde Park Bank
Meanwhile perhaps do no better in closing
this article than to repeat what said in last
Here it Il:
FINALLY. il the reader does not deem IL good policy
to place all his In basket but rather concludes
De the wiser better divide his savings
among the different Vermont Banks, we are sure he
will deposit part of those savings in the old Hyde
Park standby" .,~.. ~,.~.. .>- ~~v-----.
We cordially invite share of your deposits and
suggest that deposit Is small not to be thor
oughly appreciated. We would be most happy If we
had small deposit from every Vermont family.
What finer thing you do than to start small
account with the Hyde Park Bank by making Christ
New Years present Of 81 90, $1,000 larger
sum? Let the deposit be in the name of yourself or
better still perhaps in the of your son daugh-
ter wife or husband, and commence the New Year by
becoming banker
REMEMBER THAT ALL TAXES ARE PAID BY
THE BANK.
Banking by mail is regarded as absolutely
safe Your deposit should be sent by check postal or
express money order or by registered letter.
In more than thrty-one years of business not a
dollar sent by mail to the Hyde Park Bank was ever
lost to deposition.
For any information suggestions, address
The LamOiIIe County SAVINGS Bank