The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-12-30
Where Do Savings Bank Dc
pOSitOrS Prefer TO Place Their
Savings and Why? :.

NUMBER TWO
In an article appearing in this paper last week. we
asked the above questions The reply then made
substantially covered by the following paragraph;
Il will place my deposit in that Savings Rank which
upon careful inquiry and Investigation finally conclude
to be the best managed, strongest and safest. Wy
motto shall always be:
SAFETY FIRST SAFETY LAST SAFETY ALWAYS
THE BEST Is NONE TOO GoOD-THE STRONGEST
NONE TOO STRONG"
In emphasizing the fact that the Lamoile County
Sovings Bank carried larger proportion of its assets
in United States Bonds than any other Vermont Bank
and was therefore prominently strong We made use
of the following language:
THERE ARE FIFrY-NINE SAVINGS BANKS
IN VERMONT. WITH SINGLE EXCEPTION, MOI
ONE OF THEM CARRIES AS LARGE \ Proper
TION OF IT'S DEPOSITS IN UNITED STATES
BONDS AS THE HYDE PARK BANK"
We wish now to refer to anther strong feature of
that Bank viz Its very large surplus as shown by the
last printed report of the Vermont State Bank Exam
iner Here the facts as shown by that report
OUT OF THE ENTIRE THIRTY THREE YER
MONT SAVINGS BANKS ORGANIZED SINCE TIE
INCORPORATION OF THE LAMoILLE COUNTY
SAVINGS BANK AND TRUST co, IN 1889, TiiEKh
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
are two kinds of bank management. One insists that
the surplus of the Savings BlH be conserved and lhd
aside as safety funi 10 guard against and care Tor
any and every possible loss & the end that the absolute
safety of the deposor shall aways be the paramount
consideration and first care o. the bank MANAGEMENT
The other kind of management would distribute TINS
surplus passing aIong from time to time as DIVIDENDS
to individuals. TT IS UNNECESSARY TO SAY THU
THE HYDE PARK BANK COMES IN THE FIkSl
NAMED CLASS
The conservative banking methods Of the Hyde
Park Bank for nearly two generations have been known
and read of all and when The prospective deposition
once grasps the import of this unusual caution and con
seryatism ne inevitably forced to the conclusion that
the Bank which stands out foremost and preemnent TOT
conservatism is other things being equal the one
where he would deposit part at least Of his savings
Having now amplified upon two especially high
POINTS Of financial strength in TIE Hyde Park Bank its
high quality of bank assets and it's large surplus we
purpose in next article to give the reader tru
reason why Savings Bank deposltors should prefer TO
place portion of their savings in the Hyde Park Bank
Meanwhile perhaps we can do no better in closing
this article than to repeat what we SAID IN our last
Here it is:
FINALLY, if the reader does deem il good policy
to place all his eggs in basket but rather concludes
il TO be the wiser and better TO divide his savings
among the different Vermont Banks, we are sure ne
win deposit part Of those savings in the old Hyde
Park standby"
We again cordially invite share of your deposits
and again suggest that deposit is small az not 10
he thoroughly appreciated. We would be most happy
if we had at least small deposit from every vermont
family.
What finer thing you do than to start a small
account with the Hyde Park Bank by making Christ-
mas or New Years present Of s1OO, $1,000 or larger
sum? Let the deposit be in the name OF yourseH OF
better still perhaps in the name of your son or daugh-
ter wife or husband, and commence the Ne" Year pS
becoming a 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 OF express
money order or by registered letter
In more than thirty-one years OF business mol
dollar sent by mail to the Hyde Park Bank was ever
lost TO a deposition.
For any information suggestions, address
The LamOille County Savings