Essex County herald. [volume] (Guildhall, Vt.) 1873-1964, 1921-01-06

Where Do Savings Bank De-
positors 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 a brief review or
recapituation of the prominent points sought
to be emphasized by Articles One and Two will aid
in interesting the reader in Article Three, we repeat
few sentences bearing upon the general question as
to where thrifty depositors prefer to place Their mo-
ney,
i TwrLL PLACE MY DEPOSIT IN THAT
SAVINGS BANK WEIGH UPON CAREFUL IN
CURRY AND INVESTIGATION FINALLY CON-
CLU3E IS TIE EST EdANACEDs STRONGEST
AND SAFEST. MY MOTTO SHALL ALWAYS BE:
SAFETy F5RsT--eAFETY HAST-~SAFETY AL
WAYS TIE FEST IS NONE TOO GOCD-TEIE
STRONGEST NONE TOO STRONG"
The point irst made was as to the quality of the
assets Of The IamoiIle Savings Bank and Trust Co.,
and touching this point the article uses this language
EFT IS A FACT EVERYWHERE RECOGNIZED
THAT IN TIMES OF FINANCIAL PANIc AND
STORNl UNITED STATES BONDS ARE THE ONE
SHEET ANCHOR UPON WHICH TIE PUBLIC DE-
PENDS, AND TO WHICH THEY GO FOR FlNAN-
CEAL STRENGTH AND SUPPORT. THERE ARE
So SAVINGS BANKS IN VERMONT, WITH A SIM
GLE EXCEPTION NOT ONE OF THEM CARRIES
AS LARGE A PROPORTION OF IT'S DEPOSITS IN
u. S. BONDS AS TIE HYDE PARK RANK"
The second point made that other things
being equal the surplus Of bank one Of the tru-
est and safest gauges Of financial strength and
on this point the article made use of this language
"ouT OF THE ENTIRE TERTY-TElREE YER
MONT SAVINGS EANz<S ORGANIZED SINCE
TIE TN GRAFTON OF The LAMOELLE co.
SAVINGS BANK AND TRUST co. III 1889 THERE
}ARE DGT TWO WHOSE PERCENTAGE OF SUR
/PLUS DEPOSITS EQUALS THAT OF T4E HYDE
4 PARK BANK"
This, purros. Of this third article is to now ern-
pha zo onoEhor trong feature of the Bank, narnely
it's power to respond in immediate and pressing
financial emergency of very large volume. AN ex-
emplihcstion of this power shown ia the re-
spouse of that Bank time when the Treasury De-
partnent calling for unprecedented sums in tn:
hour of ita unparalleled financial stress.
The Lamoille County Savings Bank & Trust Co.
respcndsd to that call to the limit and for several
weeks sent from SIS, 900 $4,000 until the grand
total amounted to $7so,ooo. No other Bank in Yer.
mont subscribed much by more than $2OO,OO and
the second largest subscription was only $3oo,ooo
Indeed, there thrty-two Ranks 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, SUBSCRI-
BED FOR MORE UNITED STATES BONDS THAN
ANY OTHER BANK IN VERMONT, ACCORDING
TO ITS SIZE, AND WHICH SUBSCRIBED MORE
OF THE EMERGENCY LOAN MADE TO THE u
NITED STATES THAN ANY. OTHER BANK RE-
GARCLESS OF SIZE, LARGE OR SMALL, STATE
OR NATIONAL, WAS VERY WIDELY AND FA-
VORABLY COMMENTED UPON BOTH IN YER
MONT ANDELSEWHERE. 1T WILL BE RE-
MERABEEED 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 STRUGGLE OF
THIS OR ANY OTHER AGE.
Perhaps do nc better n closing this art-
cl thaE TO Ecreet what said in cEr lash. Here it
is: "FiEaIly, if the reader does noA deem it good
policy to place sl his eggs in basket but rather
concludes Il To rs the wiser end hstter way dvids
his savings erang Gne d2ars1t Vermont banks, wa
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