The Barre daily times. (Barre, Vt.) 1897-1959, 1921-01-05
Where Do Savings Bank
Depositors Prefer to Place
Their Savings, and Why?
What are the Earmarks of Superior
Strength andSafety in a Savings Bank?

NUMBER THREE
Two articles recently appeared in this paper
under the above heading Since brief review or
recapitulation of the more 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 depos-
itors prefer to place their money.
81 WILL PLACE MY DEPOSIT IN THAT
SAVINGS BANK WHICH UPON CAREFUL IN
CURRY AND INVESTIG ATIONI FINALLY CON-
CLUDE is THE BEST MANAGED, STRONG
EST AND SAFEST. MY MOTTO SHALL AL
WAYS 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 Lamoille Savings Bank and Trust
Co. and touching this point the article uses this
language
1T is A FACT EVERYWHERE RECOG-
MED THAT IN TIMES OF FINANCIAL
PANIC 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, 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 that other things
being equal the surplus of bank was was one of
the truest and safest gauges of financial strength
and on this point the article made of this lam
guage:
OUT OF THE ENTIRE THIRTY-THREE
VERMONT SAVINGS BANKS ORGANIZED
SINCE THE INCORPORATION 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 is to now en-
phasize another strong feature of 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
ury Department calling for unprecedented
response of that Bank at time when the Treas
sums in the hour of its unparalleled financial
stress.
The LamOle County Savings Bank and Trust Co.
responded to that call to the limit and for several
weeks, sent from $4,000 to s15OO0O until the
grand total amounted to $750000. No other
Bank in Vermont subscribed as much by more than
100000 and the second largest subscription was
only $356000. Indeed, 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-
CORDING 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 ELSE
WHERE. 1T WILL BE REMEMBERED THAT
THIS LOAN WAS MADE TO OUR GOVERN
MENT IN 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 we can do no better in closing this
ticle than to repeat what said in our last.
Here il is: FINALLY, if the reader does not deem
il good policy to place all his eggs in one basket,
but rather concludes il TO be the wiser and better
way TO divide his savings among the different
Vermont banks, we are sure he will deposit part
of those savings in the old Hyde Park standby"
This Bank pays four per cent interest, COM
pounded semannualy, and pays all taxes. Bank
ing by mail is now regarded absolutely safe.
Your deposit should be sent by check, postal or
express money order or registered letter. In its
more than thirty -one years of business not dol
lar so sent to the Hyde Park Bank ever lost to
the deposition.
WHAT FINER NEW YEARS GIFT CAN
YOU MAKE TO YOUR WIFE, HUSBAND, son
OR DAUGHTER. THAN A DEPOSIT BOOK IN
THE HYDE PARK SAVINGS BANK? START