Middlebury register. (Middlebury, Vt.) 1886-1937, 1921-01-07
Where Do Savings Bank
Depositors Prefer to Place
Their Savings, and Why ?

NUMBER THREE
Two articles recently appeared this paper the
heading Since brief recapitulation the
prominent points sought to be emphasized by Articles
One and Two will aid in interesting the reader in Article Three
repeat few bearing the general question
where thrifty depositors prefer place their
"I WILL PLACE MY DEPOSIT IN THAT SAVINGS
BANK WHICH UPON CAREFUL INQUIRY AND INvEs-
LEGATION FINALLY CONCLUDE is THE BEST MAN
AGED, STRONGEST AND SAFEST. MY MOTTO SHALL
ALWAYS BE: SAFETY FIRsT-SAFETY LAST-sAFE-
TY ALWAYS. THE BEST IS NONE TOO GooD-THE
STRONGEST NONE TOO STRONG"
point made the quality OF the assets of
The Lamole Savings Bank and Trust Co. and touching this
point the article uses this language
at is A FACT EVERYWHERE RECOGNIZED THAT
IN TIMES OF FINANCIAL PANIC AND STORM UNI
TED STATES BONDS ARE THE ONE SHEET ANCHOR
UPON WHICH THE PUBLIC DEPENDS AND TO
WHICH THEY GO FOR FINANCIAL STRENGTH AND
SUPPORT. THERE ARE SO SAVINGS BANKS IN YER
MONT WITH SINGLE EXCEPTION NOT ONE OF
THEM CARRIES AS LARGE A PROPORTION OF ITS
DEPOSITS IN U. s. BONDS AS THE HYDE PARK
BANK"
The second point made was other things being equal
the surplus and safest gauges
Of financial strength and this point the article made Of
this language
OUT OF THE ENTIRE THIRTY-THREE VERMONT
SAVINGS BANKS ORGANIZED SINCE THE INCOR-
PORATIoN OF THE LAMOILLE CO. SAVINGS BANK
AND TRUST co. IN 1889, THERE ARE BUT TWO
WHOSE PERCENTAGE OF SURPLUS TO DEPOSITS
EQUALS THAT OF THE HYDE PARK BANK"
The purpose Of this third article emphasize another
,ron. feature of the Bank namely its power to respond in
immediate and pressing financial emergency of large
volume. An exempIhcatOn of this power was shown in the
response that Bank time when the Treasury Depart
calling for unprecedented in the hour of its
unparalleled financial
The Lamolle County Savings Bank Trust Go respond
ed call the limit and for several weeks from
$4,000 S5O00o until the total amounted S75O00o
No other Bank Vermont subscribed much bv than
100000 and the second largest subscription only S&6Om
Indeed there hirtv-two Banks Vermont whose
subscriptions aggregated less than that of the HYDE
Park Bank alone
THE ACTION OF THE HYDE PARK BANK. WHICH
WITH A SINGLE EXCEPTION SUBSCRIBED FOR
MORE UNITED STATES BONDS THAN ANY OTHER
BANK IN VERMONT ACCORDING TO ITS SIZE, AND
WHICH SUBSCRIBED FOR MORE OF THE EMER-
GENCY LOAN MADE TO THE UNITED STATES THAN
ANY OTHER BANK REGARDLESS OF SIZE, LARGE
OR SMALL STATE OR NATIONAL. WAS VERY WIDE
LY AND FAVORABLY COMMENTED UPON BOTH IN
VERMONT AND ELSEWHERE. 1T WILL BE REMEM-
BERED THAT THIS LOAN WAS MADE TO OUR Gov
EMINENT IN THE HOUR OF ITS DISTRESS AND AT
TIME WHEN THE SINEWS OF WAR WERE BEING
RAISED TO CARRY ON THE GREATEST AND GRAND
EST STRUGGLE OF THIS OR ANY OTHER AGE.
Perhaps do better in closing this article than to
repeat said in last Here it is: FINALLY if the
deem good policy to place all his eggs in
basket rather concludes it be the wiser and better
way divide his savings the different Vermont banks
we he will deposit of those savings in the old
HYDE Park standby"
This Bank pays four per interest compounded semi
annually pays all Banking by mail is regard
ed Your deposit should be sent by check
postal express order registered letter In its more
than thrtyone business dollar sent to the
HYDE Park Bank lost to the depositor.
WHAT FINER NEW YEARS GIFT CAN YOU MAKE
TO YOUR WIFE, HUSBAND, SON OR DAUGHTER.
THAN DEPOSIT BOOK IN THE HYDE PARK saw
INGS BANK? START WITH DEPOSIT GREAT OR
SMALL, S1OO $780, $1,000, OR A LARGER SUM, AND