The Brattleboro daily reformer. (Brattleboro, Vt.) 1913-1955, 1921-01-05

Their Savings, and why!
What are the Earmarks of Superior Strength
e., ,s.~ and Safety i'm Savings Bank?
III 81. F.. NUMBER THREE
. Two articles recently appeared in this paper
under the above heading Since brief review or re-
captuIation of the prominent points sought to
be emphasized by Articles One and Two will aid in
interesting the reader in Article Three, repeat
few sentences bearing upon the general QUESTION
where thrifty depOsitOrs prefer to place their money.
Il WILL PLACE MY DEPOSIT IN THAT
SAYINGS BANK BAL WHICH UPON cAREFUL IN,
CONCLUDE is 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"
The point first made was as to the quality of the
assets of The Lamoile Savings Bank and Trust Co.
and touching this point the article this language
NIZED THAT IN TIMES OF FINANCIAL PAN
&c AND STORM UNITED STATES BONDS ARE
THE ONE SHEET ANCHOR UPON WHICH
THE PUBLIC DEPENDS, AND TO WHICH
THEY GO FOR FINANCIAL STRENGTH AND
SUPPORT. THERE ARE 50 SAVINGS BANKS
IN VERMONT, WITH A SINGLE EXCEPTION,
PROPORTION OF ITS DEPOSITS IN U. S..
BONDS AS THE HYDE PARK BANK"
The second point made was that other things be
ing equal the surplus of a bank of the
and safest gauges of financial strength and this
point the article made use OF this language:
OUT OF THE ENTIRE TH1RTY-THREE
VERMONT SAVINGS BANKS ORGANIZED
SINCE THE INCORPORATION OF THE
LAMOILLE CO. SAVINGS BANK AND TRUST
PERCENTAGE OF SURPLUS TO DEPOSITS
EQUALS THAT OF THE HYDE PARK BANK
4 . The purpose of this third article is to now en-
phasze another strong feature of the Bank, namely
its power to respond in immediate and pressing
financial emergency of very large volume. An exern-
plifcation of this power shown in the response
of that Bank at time when the Treasury Depart
calling for unprecedented sums in the hour
of its unparalleled financial stress.
The Lamole County Savings Bank & Trust Co.
responded that call to the limit and for several
weeks sent from SIS 900 $3.50 900 until the grand
total amounted to $3.50 900. No other Bank in Yer
mont subscribed as much by more than 100000 and
the second larges subscription only S3560OO In
deed there were thirty-two Banks in Vermont whose
combined subscriptions aggregated less than that of
the Hyde Park Bank alone.
THE ACTION OF THE HYDE PARK BANK
WHICH, WITH A SINGLE EXCEPTION, SUB
SCRIBED FOR MORE UNITED STATES BONDS
THAN ANY OTHER BANK IN VERMONT. AC-
CORD1NG TO ITS SIZE, AND WHICH SUB
SCRIBED FOR MORE OF THE EMERGENCY
LOAN 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. IT WILL BE REMEM-
BRED THAT THIS LOAN WAS MADE TO OUR
GOVERNMENT IN THE HOUR OF ITS DIS
TRESS AND AT A TIME WHEN THE SINEWS
OF WAR WERE BEING RAISED TO CARRY
ON THE GREATEST AND GRANDEST STRUG-
GLE OF THIS OR ANY OTHER AGE.
Perhaps do no better in closing this
tcle than repeat what said in last Here
it is Finally if the reader does deem it good
policy place all his eggs in basket but rather
concludes it be the wiser and better way divide
his savings among the different Vermont banks,
he will deposit part of those savings in the
old Hyde Park standby"
This Bank pays four per cent interest, compound
ed serni-annually and pays all taxes. Banking by
mail is regarded absolutely safe. Your deposit