Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1920-12-23
Quality of the Banks Assets

TIE duty of every Savings Bank is:
FIRST, TO maintain its assets always at the very
top in point of quality"
SECOND, TO keep It's assets always where they
can respond without 4 moment's delay, TO every
call Of every deposiscY whnever he wants his money.
THIRD TO keep its ass~ea always where they
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 arc. imme diately available to
cry call within it's proper field for loaning-whch
the public requires for it's legitimate lines of business
But it is equally true that Bank does not pro-
perly function which does not furnish the public with
an absolutely safe place Of deposit for all who have
idle money. ..
Both of these requirmsnts the Lamoills County
Savings Bank aEd Trust Company supplies, indeed,
as the follswins facts show, it stsnds foremost and
prserainsnt in It's preparedness fer any and every
financial emergency
1t is fact everywhere recognized that in times
Of financial panic United States Bonds the
sheet anchor upon which the public depends, and to
which it goes for financial strength and support.
In the history of Banks, United States Bonds
have failed to bring the cash. and other things
being equal, it follows logically that that Bank is
strongest financially which carries the largest per-
centage of it's assets in U. S. Bonds
There is no getting away from this fact. No
one can truthfully gainsay this statement 1t Is
absolutely unansWerabe.
Now, what are the facts as they relate to the
Hyde Park Bark. Here are the figures taken from
the Vermont Sank Commissioners latest report.
There SO Savings Banks in Vermont, of
which, with angle exception, not one CARRIES AS
LARGE A PROPORTION OF IT'S DEPOSITS IN u.
S. BONDS AS THE HYDE PARK BANK. Let US
emphasize this fact by adding that the aggregate of
United States Bonds held by Is of the So Vermont
Savings Banks do not equal the holdings 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 consider
alton of the depositing public to the superativey
strong position of the Hyde Park Institution.
Finally if the reader does not deem it good poll
cy to place all his eggs in basket but rather
cludes to be the wiser and better way to divide his
savings among the different Vermont Banks,
he will deposit part of those savings in the old
Hyde Park standby.
We cordially invite share Of your deposits and
suggest that deposit is small as not be appv:-
ciated We would be most happy If we had at least
a small deposit from every V.vmcnt family. What
finer thing YOU do than 30 start small account
with The Hyde Park Bank BY uaa<ing a Chriarnss or
New Years present Of 81 co. $1,000 on larger sum
Let the cercsit be in the Of youraef better
still perhaps la the name of your CON daughter
wife or husband, and commence the New Year by be-
coming banker.
Banking by mail is regarded as absolutely
safe Send your deposits by check, postal express
money order or by registered letter. In than
thirty-cr years of business not dollar the
Hyde Park Bank was ever lost to depositor.
For any information or suggestions, address
The LamoiIIe County Savings Bank
and Trust Company