News and citizen. [volume] (Morrisville, Vt. ;) 1881-current, 1920-12-29

Where do Savings Bank Depositors
Prefer to- Place Their Savings
and Why?
What are the Earmarks of Superior Strength
and Safety in Savings Bank?
Number Two
In an article appearing in this paper last week asked
the above questions The reply then made substan
TALLY covered by the following paragraphs
~ will place my deposit in that Savings Bank which
upon careful inquiry and investigation finally conclude
to be the best managed strongest and safest My 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 Lamoie County Saw
mgs Bank carried larger proportion Of its United
States Bonds than any other Vermont Bank and there
fore pre>emnenty strong, made Of the following
anguage:-
''There are fifty-nne Savings Banks i'm Ver-
mont With single exception. not one OF them
carries aslarge a proportion of its Deposits in
United States Bonds as the Hyde Park Bank"
We wish refer to another strong feature of that
ed report of the Vermont State Bank Examiner Here
the facts as shown by that report
Out Of the entire thirty three Vermont Say
ings Banks organized since the incorporation of
the Lamoille County Savings Bank and Trust
Co., in $780, there are but two whose per centage
of surplus to deposits equals that OF the Hyde
Park Bank.
Now what conclusions may be properly drawn from this
tact Every experienced banker knows that there two
kinds of bank One insists that the surplus of
the Savings Banks be conserved and laid aside safety
fund to guard against and and every possible
loss to the end that the absolute safety the deposition shall
always be the consideration and rst of the
bank management The other kind of bank management
would distribute this surplus passing it along from time
time dividends to individuals. 1T IS UNNECESSARY TO
SAY THAT THE HYDE PARK BANK COMES IN THE
FIRST NAMED CLASS
The conservative banking methods of the Hyde Park
Bank for nearly generations have been known and read
of all and when the prospective deposition grasps
the import of this unusual caution and conservatism he is
inevitably forced to the conclusion that the Bank which
stands out foremost and for conservatism is
other things being equal the where he would deposit
part at least of his savings.
Having ampfed upon two especially high points of
financial strength in the Hyde Park Bank its high quality of
bank assets and its large surplus purpose
ce give the reader third why Sa wings Bank de-
postos should prefer to place portion of their savings in
the Hyde Park Bank.
Meanwhile, perhaps, do no better in closing this
article than repeat what said in last. Heret
''FinaIly, 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
Vermont Banks, we are sure he will deposit
part of those savings i'm the old Hyde Park
standby
We again cordially invite a share of your
deposits and again suggest that no deposit is so
small as not to be thoroughly appreciated. We
would be most happy if we had at least small
deposit from every Vermont family.
What finer thing can do than % small