News and citizen. [volume] (Morrisville, Vt. ;) 1881-current, 1921-01-05

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 Three
Two articles recently appeared in this paper under the
above heading Since brerevew recaptuation of the
prominent points sought emphasized by Articles
One and Two will aid in interesting the reader in Article
Three repeat few sentences bearing upon general
question as to where thrifty dpositors prefer place their
money.
Il will place my deposit in that Savings Bank which
upon careful inquiry ami Investigation finally
to be the best managed strongest and safest Ny motto
shall always be
Safety First--Safety Last--Safety ALWAYS
The Best is None too Good
The Strongest None too Strong"
The point first made to the quality of the assets
OF The Lamole Co Savings Bank Trust Co. and touch
Ing this point the article uses this language -
tits fact everywhere recognized that in
times OF financial panic and storm United States
BONDS are the one sheet anchor upon which the
puDHc depends, and to which they go for financial
strength and support. There are So Savings
Banks in Vermont With single exception not
one Oh them carries as large proportion of its
deposits in U. s. Bonds as the Hyde Park Bank
The second point made was that other THINGS heinz
equal the surplus of Bank the safest
gauges onancal strength and this point the article
made OF this language
Out of the entire thirty three Vermont Say
cir hn iuon fio,, nf
the Lam0ille County Savings Bank and Trust
Co., in 1889, there are but two whose per centage
OF surplus to deposits equals that of the Hyde
Park Bank.
The purpose of this third article is to now emphasize
another strong feature of the Bank namely it's power
respond in immediate and pressing financial emergency
OF very large volume An exempfcaton of this power
shown in the response of that Bank time when the
treasury Department calling for unprecedented
the hour of it's unparalleled financial stress
The Lamole County Savings Bank and Trust Co. re-
sponded to that call to the limit and subscribed weekly from
$4,000 to $150OOO until the grand total amounted to
$750O0O No other Bank in Vermont subscribed as much
by nearly $780, 00O the second largest subscription was
for only o00 indeed there banks whose
combined subscription aggregated than Hyde
Park Bank alone
The action of the Hyde Park Bank, which,
with single exception, subscribed for more
United States Bonds than any other Bank i'm Yer
mont, according to it's size, and which subscribed
for more of the emergency loans made to the
United States than any other Bank regardless of
size, large or small, State or National, was very
widely and favorably commented upon both in
Vermont and elsewhere. twill be remembered
that this loan was made to our government i'm the
hour of its distress and at time when the sinews
of war were being raised to carry on the greatest
and grandest struggle of this or any other age.
Perhaps do better closing this article than
to repeat what said in last Here it is: Finally if
the reader does deem good policy place all his eggs
in basket but rather concludes it to be the wiser and
better divide his savings among the different Yer
mont banks he will deposit part of those
ngs in the old Hyde Park standyby.'
This Bank pays four per interest compounded semi