The Barre daily times. (Barre, Vt.) 1897-1959, 1920-12-22
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 depositor whenever he wants
his money.
THIRD to keep its assets always where they
can promptly respond to every legitimate need OF
the borrowing public
The proper function of Savings Bank is to
stand between those who have money to lend and
those who need to borrow, and that bank does not
properly function which does not keep its assets
where they are Immediately available to answer
every call-within its proper field for loanlng-
which the public requires for its legitimate lines
of business
But it is equally true that Bank does not
properly function which does not furnish the pub
lie with an absolutely safe place of deposit for all
who have idle money.
Both of these requirements the Lam0le
County Savings Bank and Trust Company sup
plies indeed as the following facts show, 1t
stands foremost and preeminent in its prepared
ness for any and every financial emergency.
It is fact everywhere recognized that in
times of financial panic United States Bonds are
the one sheet anchor upon which the public de-
pends and to which it goes for financial strength
and support
In the history of Banks, United States Bonds
have never failed to bring the cash, and other
things being equal, it follows logically that that
Bank is strongest financially which carries the
largest percentage of its assets in u 5. Bonds.
There is no getting away from this fact. No
one can truthfully gainsay this statement. 1t is
absolutely unanswerable.
Now what are the facts as they relate to the
HYDE Park Bank Here are the figures taken from
the Vermont Bank Commissioners latest report.
There are 50 Savings Banks in Vermont and
with single exception, not one CARRlES AS
LARGE A PROPORTION OF ITS DEPOSITS
INU. S. BONDS AS THE HYDE PARK BANK. q
Let us emphasize this fact by adding that the ag-
gregate of United States Bonds held by IL OF the
So Vermont Savings Banks do not equal the hold
ings of the Single Hyde Park Bank.
1t is our purpose in a subsequent article to
again refer to "earmarks OF superior strength and
safety in a Savings Bank.
Meanwhile we invite the most careful consd-
Grafton of the depositing public to the superla-
lively strong position of the Hyde Park lnstitu-
ton.
Finally. if the reader does not deem it good
policy to place all his eggs in one basket but
rather concludes it to be the wiser and better way
to divide his savings among the different YER
mont Banks, we are sure he will deposit part
of those savings in the old Hyde Park standby
We cordially invite share of your deposits
and suggest that no deposit is so small not to
be appreciated. We would be most happy if We
had at least a small deposit from every Vermont
family. What finer thing can you do than to
start a small account with the Hyde Park Bank
by making Christmas or New Years present of
sl.0O. $1,000 or a larger sum? Let the deposit
be in the name of yourself or better still perhaps
in the name of your son or daughter, wife or hus-
band and commence the New Year by becoming
a banker.
Banking by mail is now regarded absolute
lv safe Send your deposits by check, postal or
press money order or by registered letter. In
more than .hrty-one years of business not dol
lar so sent TO the Hyde Park Bank was ever lost
TO deposition.
For any information suggestions, address
The amoiIle County, SAVINGS Rank