Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1920-12-29

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
substantially covered by the following paragraph
Il viii place my deposit i'm that Savings Bank
which uron careful inquiry and investigation finally
conclude be the best managed strongest and safest
Wy 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 Lamoile County
Savings Bank carried larger proportion of its assets
IN United States Bonds than any other Vermont Bank
and therefore prominently strong made of
the following language:
THERE ARE FIFTY NINE SAVINGS BANKS
IN VERMONT WITH A SINGLE EXCEPTION, NOT
ONE OF THEM CARRIES As LARGE proper
TIGN OF ITS DEPOSITS IN UNITED STATES
BONDS AS THE HYDE PARK BANK"
We wish now TO refer TO another strong feature
OF that Bank, its very large surplus shown by
the last printed report OF the Vermont State Bank Ex-
aminer Here are the facts shown by that report:
OUT OF THE ENTIRE THIRTY-THREE YER
MONT SAVINGS BANKS ORGANIZED SINCE The
INCORPORATION OF THE LAMOLLE COUNTY
BANK & TRUST CO. n 1889, THERE ARE But
TWO WHOSE PERCENTAGE OF SURPLUS 10
DEPOSITS EQUAL THAT OF The HYDE PARK
BANK.
Now, what conclusions may be properly drawn
from this fact2 Every experienced banker Knows that
there two kinds OF bank management One insists
that the surplus Of the Savings Bank be conserved and
laid aside safety fund 70 guard against and care for
any and every possible loss 70 the end that the absolute
safety Of the depostor shall always be the paramount
consideration and first care OF the bank management
The other kind OF management would distribute this
surplus passing 1t along from time TO time as dividends
70 individuals. IT IS UNNECESSARY To SAY THAT
THE HYDE PARK BANK COMES IN THE FIRST
NAMED CLASS.
The conservative banking methods of the Hyde
Park Bank nearly generations been known
and read of all and when the prospective deposition
grasps the import of this unusual caution and
servatsm ne inevitably forced to the conclusion that
the Bank which stands out foremost and preeminent
for conservation Is other things being equal the
where he would deposit part at least of his savings
Having now anplffed upon two especially high
points OF financial strength IN the Hyde Park Bank
high quality OF bank assets and its large surplus
purpose in our next article 10 give the reader third
why Savings Bank depositors should prefer TO
place portion OF their savings IN the Hyde Park Bank
Meanwhile perhaps do no better IN closing
this article than TO repeat what said in last.
Here Is is:
FINALLY, if the reader does not deem it good pol
icy to place all his In besket but rather
eludes it to be the wiser and better way divide his
savings among the different Vermont Banks,
he viii deposit part of those savings in the old
Hyde Park standby
We again cordially invite share of your deposits
and again suggest that deposit i small
be thoroughly appreciated We would be most happy
if had at least small deposit from every Vermont
family.
What finer thing you do than to start small
account with the Hyde Park Bank, by making Christ
New Years present of Loo, $1,000 larger
sum? Let the deposit be in the Of yourself
better still perhaps in the of your son or daugh-
ter. wife husband, and commence the New Year BY
Incoming a banker.