The evening Caledonian. [volume] (St. Johnsbury, Vt.) 1918-1920, 1920-03-06
State Valuation of
Vermont Bank Stocks
-ANDW WHY
Those Valuations vitality Interest De-
positors in Savings Banks.

"A recent issue of the Morrisville Messenger made an
RECOMMENDATIONS of course-in giving the State
nalualon OF the stock of the Lamoille County Savings
Bank and Trust Company at $4,000 per share, when as a
matter Of fact, the valuation was $4,000 per Share.
This erroneous statement of the Messenper-mrelv
Observation-Disclosures an excellent opportunity to place
oeIore prospective depositors a fact as to the exceptional
strength of the Hyde Park institution.
Inc managers of the Lamoiue County Savings Bank
and Trust Co. feel that they have great reason to be
proud OF the standing of the Hyde Park Bank, because
WIN only three exceptions-and those banks have been
IN business many years longer than the Hyde Park
Bank-NO BANK IN THE STATE RANKS AS HIGH,
EEC TO THE VALUATIONS PLACED UPON
ED TO MAKE THE A~PPRAISALS, AS THE HYDE
PARK BANK.
What is there in state valuation of bank stocks that
is OF interest to depositors?
We know of no bank in Vermont today that is not
responsible, but the %depositOr generally makes a deposit
with the expectation that it will remain in the bank for
years ana ne may properly ask: is the bank where |
think of making my deposit exceptionally strong? Are
its affairs conducted by men who make safety first their
guiding principle and motto?"
What is there in the State appraisal of bank socks
Which evidences the comparative strength and stability
of the different banks?
Under the laws Of Vermont the State Bank Exami-
nr is called upon to make a rigid investigation of the af-
lars OF each bank twice each year, not only to ascertain
io OCl CISlH, Jul IlClucllldHy W uCCluC upon lIC Ndli-
ton at which the stock of the bank should be placed in
the grand list.
If the Bank Examiner finds that the managers are
reckless; are careless in making their Investments; if he
finds that the managers of the banks are spectators or
or that they are unfit to manage and control the
savings of their depositors, then the ~depositor naturally
looks further and says: at is my duty to place my saw
not simply with a good bank, but with the safest and
best bank of my acquaintance"
The State Bank Examiner, the State Treasurer and
the State Tax Commissioner constitute the State Board
of Appraisal. They decide as to the solidity and strength
of the bank and especially as to its surplus and the char
acter of it's assets and having taken into account all these
facts, they place a valuation upon the stocks of all the
banks in the State and only three have been found by
that Board to be entitled to q higher valuation than the
Hyde Park Bank.
This can mean but one thing and that is that in the
of the State Board Of Appraisal, the Hyde
Park Bank stands for fidelity, for stability, for safety
and for conservatism.
If in the opinion Of the reader, the foregoing facts
prompt the selection of the Hyde Park Bank as a place
of deposit for a portion of his savings, that Bank will
welcome both additions to his former accounts and the
opening of new accounts.
The LamoiIle County Savings Bank and Trust Go.
CARROLL S. PAGE, President.