The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-12-23
Where Do Savings Bank Dc
pOSitOrS Prefer TO Place Their
Savings and Why? ::

WHAT ARE THE EARMARkS or SUPERIOR
STRENGTH AND SAFETY IN \ SAVINGS BANK?
The questions above asked are ne FIRST two which
naturally arise in the minds of every person possessed
OF a wel-balanced atye business head when
confronted with the necessity OF passing Judgment as
20 the place where he she will deposit their savings
The natural reply win always be substantially this
Il win place m, deposit in that Savings Bank which
upon careful inquiry and investigation finally conclude
TO be the best managed strongest and safest Nv
motto shall always
SAFETY FIRSTSAFETY LAST-SAFETY ALWAYS
THE BEST Is NONE TOO G0OD-THE STRONG.
EST NONE TOO STRONG"
In reaching conclusions as to the strength and safety
OF any bank, the student of Saving Bank characters
tics is naturally attracted to certain high points GER
tam earmarks so to speak in bank management which
stand out prominently in those Banks which noted
Tor thelr conservatism strength and safety
This article is one of series which will apnear under
the caption Where do Savings Bank Depostors prefer
TO place their Savings, and Why?", and the first
thought which comes to the prospective depositor is
as to the
QUALITY OF THE BANKS ASSETS
The duty of every Savings Bank is
FIRST to maintain its assets always at the very top
in point of quality"
SECOND, to keep its assets always where they can
respond, without moments delay to every call of
every deposition whenever he wants his money
Third, to keep its assets always where they can
rowing public
The proper function of a Savings Bank is To stand
between those who have money TO lend and those who
need 10 borrow and that bank does not properly func
t0n which does not keep its assets where they are i'm
mediatey available TO answer every caIl-withn lis
proper field for oaningwhich the public requires for
It's legitimate lines OF business.
But it is equally trun that Bank does not properly
function which does not furr "a the public with an alb
soluely safe place OF dopost for all who have idle
money
Both of these requirements the Lamoile County Saw
ings Bank and Trust Company supplies indeed as the
following facts show, stands foremost and preemi-
nent in its preparedncss for any and every financial
emergency
1t is fact everywhere recognized that in times Of
financial panic United states Bonds the one sheet
anchor upon which the public depends and To which il
goes for financial strength and support
In the history Of Banks, United States Bonds have
never tailed TO bring the cash. and other things being
equal follows logically that that Bank is strongest
financially which carries the a9cs percentage of its
assets in u s. Bonds.
There is getting away fron Ills fact No one can
truthfuly gainsay this statement II is absolutely
answerabe
Park Bank Here are the figures taken from the Yer
mont Bank Commissioners latest report
There are SO Savings Banks in Vermont. of which.
with single exception, not one CARRIES As LARGE
A PROPORTION OF IT'S DEPOSITS IN Il. s PONDS
AS THE HYDE PARK BANK. Let us emphasize this
fact by adding that the aggregate of United States
not equal the holdings Of the Single Hyde Park Bank
1t is our purpose in subsequent article again re-
fer to 'eamarks of superior strength and safety in
Savings Bank"
Meanwhile invite the most careful consideration
Of the deposlting public TO the supeativey strong pos
ition Of the Hyde Park institution.
Finally, if the reader does deem good policy
TO place all his eggs basket but rather concludes
to be the wiser and better way 10 divide mis- savings
among the different Vermont Banks we are sure he
Will deposit part Of those savings in the I'D HYDE
Park standby
We cordially invite a share of your deposits and sug-
gest that deposit small be appreciated
We would be most happy il We had at least small de-
post from every Vermont family. What finer thing
can you do than 10 start a small account with the
Hyde Park Bank by making Christmas New Years
present of SlO0, $1,000 a larger sum- Let the de-
post be in the of yourself better sti perhaps
IN the name of your daughter, wife husband
and commence the New Year by becoming a banker.
Banking by mail is regarded rs absolutely safe
Send your deposits by check postal express money
order or by registered letter In than thirty-one
years of business not dollar the HYDE Park
Bank lost 20 a deposition.