Middlebury register. (Middlebury, Vt.) 1886-1937, 1920-12-24

Where Do Savings Bank
Depositors Prefer to Place
Their Savings, and Why ?
What are the Earmarks of Superior
Strength and Safety in Savings Bank?
The questions asked are the first two which naturally
arise in the minds of possessed of welbaanced
with the necessity
OF passing Judgment as to the place where he she will deposit
their savings The natural reply will always be substantially
this:
II will place my deposit Savings Bank which upon
careful inquiry and investigation finally conclude to be the
best managed strongest motto shall
Safety First-safety Last-Safety Always
THE BEST II NONE TO GOOD-THE
STRONGEST NONE TOO ~TRONCS
In reaching conclusions strength safety any
bank the student of Saving Bank characteristics naturally
attracted to certain high points certain earmaks speak
in bank management which stand prominently in those
safety.
This article a series which will appear the
caption "Where Savings Deposors prefer place
their Savings and Why?" the thought which
to the prospective depositor is as to the
Quality of the Banks Assets
The duty every Savings
point of quality.
SECOND, to keep its assets always where they
spond without moments delay every cali every depos
itor whenever he wants his money
THIRD, keep its always where they prompt
iy respond legitimate need of borrowing public.
The function of Savings Bank to stand between
those who have lend and those who need borrow
and that bank does properly function which does keep
every cwithn its field for Ioanngwhch the public
requires for its legitimate lines of business
But it is equally that Bank does not properly func
ton which does not furnish the public with absolutely safe
place of deposit for all who have idle
Both of these requirements the LamO1le County Savings
Bank and Trust Company supplies indeed as the following
facts show stands foremost and prominent in its prepared
ness for any and every financial emergency.
fact everywhere recognized of financial
panic United States Bonds the sheet anchor which
the public depends and which for financial strength
and support
In the history Banks United States Bonds have
failed bring the and other things being equal fol-
lows logically that that Bank is strongest financially which
carries the largest of its in u S Bonds
There getting from this fact No one truth
uly gansay this statement 1t is absolutely unansweable
Now what the facts they relate to the Hyde Park
Bank? Here the figures taken from the Vermont Bank
Commissioners latest report.
There So Savings Banks in Vermont, of which with
single exception, not CARRIES AS LARGE Proper
TON OF ITS DEPOSITS IN u. S. BONDS AS THE HYDE
PARK BANK. Let emphasize this fact by adding that the
aggregate United States Bonds held by Is of the So Vermont
Savings Banks do equal the holdings Of the Single Hyde
Park Bank.
1t purpose a subsequent article to again refer to
earmaks superior strength and safety Savings Bank
Meanwhile invite the careful consideration of the
deposng public the superlatvely strong position OF the
Hyde Park Institution.
Finally if the does deem good policy to place
all his eggs basket but rather concludes to be the
and better divide his savings the different
Vermont Banks he VIII deposit part of those
savings in the old Hyde Park standby.