The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1921-01-06
Where Do Savings Bank Dc
pOSitOrS Prefer 10 Place Their
Savings and Why? ::
WHAT ARE THE EARMARKS or SUPERIOR
NUMBER THREE

NUMBER THREE
Two articles recently appeared in this paper under
the above heading Since brief review on recapitua
ton OF the more prominent points sought to be empha
sized by Articles One and Two will aid in ntercstingthe
reader in Article Three repeat few sentences bear
ing upon the general question as to where thrifty
depostoIs prefer TO place their money.
Il WILL PLACE NY DEPOSIT IN THAT SAY.
INGS BANK WHICH UPON CAREFUL INQUIRY
AND INVESTIGATION FINALLY CONCLUDE Is
THE BEST MANAGED, STRONGEST AND SAFEST.
MY MOTTO SHALL ALWAYS BE: SAFETY FIRST
SAFETY LAST-SAFETl ALWAYS. THE BEST
Is NONE TOO G0OD-THE STRONGEST NONE
TOO STRONG"
The point first made was as to the quality Of the
touching this point the articles uses this language.
1T Is A FACT EVERYWHERE RECOGNIZED
THAT IN TIMES OF FINANCIAL PANIC AND
STORM UNITED STATES BONDS ARE THE ONE
SHEET ANCHOR UPON WHICH THE PUBLIC DE
PENDS, AND TO WHICH THEY GO FOR FINAN-
CIAL STRENGTH AND SUPPORT. THERE ARE 50
SAVINGS BANKS IN VERMONT. WITH A SINGLE
ExCEP P NOT one OF ~, THEN CARRIES As
BONDS AS THE HYDE PARK BANK"
The second point made was that other things being
equal the surplus of bank of the truest and
safest gauges of financial strength and this point
the article made use of this languauge:
OUT OF THE ENTIRE THIRTY THREE YER
MONT SAVINGS BANKS ORGANIZED SINCE THE
INCORPORATION OF THE LAMOILLE COUNTY
SAVINGS BANK AND TRUST CO., IN 1889, THERE
ARE BUT TWO WHOSE PERCENTAGE OF SUR
PLUS TO DEPOSITS EQUbI THAT OF THE HYDE
PARK BANK"
The purpose of this third atticIe is to now empha-
size another strong feature 81 the Bank. namely, its
power to respond in an immediate and pressing financial
emergency OF very large volume. An eXempfcation of
this power shown in the response of that Bank at
time when the Treasury Department calling for
unprecedented sums in the hour of its unparalleled
financial stress.
The Lamoille County Savings Bank & Trust Co
responded 20 that cal TO tn limit and for several
weeks sent from $4,000 10 S150.O00 until the grand
total amounted to S7j0,000 No other Bank in Yer
mont subscribed much by than 100000 and
the second largest 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 4 SINGLE EXCEPTION, SUBSCRIBE
ED FOR MORE UNITED STATES BONDS THAN
ANY OTHER BANK IN VERMONT, ACCORDING TO
ITS SIZE, AND WHICH SUBSCRIBED FOR MORE
UNITED STATES THAN ANY OTHER BANK RE.
CARELESS OF SIZE, LARGE OR SMALL, STATE
OR NATIONAL WAS VERY WIDELY AND FAv
AND ELSEWHERE. 1T WILL BE REMEMBERED
THAT THIS LOAN WAS MADE TO OUR GOVERN
ME WIEN ESE THE p OF WF MP
RAISED TO CARRY ON THE GREATEST AND i,
GRANDEsT STRUGGLE OF THIS OR ANY OTHER
AGE.
Perhaps do no better in closing this article
than to repeat what we said in our last Here il is:
Finally, if the reader does not deem il good policy
TO place all his in basket but rather concludes
TO be the wiser and better way TO 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. compounded
semi-annuaIy, and pays al taxes Banking by mail is
regarded absolutely safe. Your deposit should
be sent by check postal express money order
stered letter In its than thirty-one years Of
business not dollar sent to the Hyde Pax Bank
lost 10 the deposition.
WHAT FINER NEW YEARS GIFT CAN YOU