Orleans County monitor. [volume] (Barton, Vt.) 1872-1953, 1921-01-05

VACIC DO OdVlHyS Ddlk
DepOsitOrs 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 brief review or re-
captulaton 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 the general question to
where thrifty depostors prefer to place their money
81 WILL PLACE MY DEPOSIT IN THAT saw
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-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 this language
at 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
SO SAVINGS BANKS IN VERMONT, WITH SIN
GLE EXCEPTION, NOT ONE OF THEM CARRIES
AS LARGE 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 one of the
truest and safest guage of financial strength on
this point the article made use of this language:
"OUT OF THE ENTIRE THIRTY-THREE YER
MONT SAVINGS BANKS ORGANIZED SINCE THE
INCORPORATION OF THE LAMOILLE COUNTY
SAVINGS BANK AND TRUST COMPANY 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
phasize another strong feature of the Bank, namely
it's power to respond in immediate and pressing
financial emergency of very large volume. An
plcatiOn Of this power shown i'm the response of
that Bank at time when the Treasury Department
calling for unprecedented sums in the hour of it's
unparalleled financial stress.
The LamolIe County Savings Bank and Trust
Company responded to that call to the limit and sub
scrbed weekly from $4,000 to S15O,OOO until the
grand total amounted to S75O,OOO. No other Bank
in Vermont subscribed much by nearly 100000,
the second largest subscription for only
S356OOO; indeed there thirty-two banks whose
combined subscription 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 IT'S SIZE, AND WHICH SUBSCRIBED
FOR MORE OF THE EMERGENCY LOAN MADE TO
THE UNITED STATES THAN ANY OTHER BANK
REGARDLESS OF IT'S SIZE, LARGE CIR SMALL,
STATE OR NATIONAL, WAS VERY WIDELY AND
FAVORABLY COMMENTED UPON BOTH IN YER
MONT AND ELSEWHERE. 1T WILL BE REMEM-
BERED THAT THIS LOAN WAS MADE TO OUR
GOVERNMENT IN THE HOUR OF IT'S DISTRESS
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 no better in closing this
tce than to repeat what said in our last. Here it
is: FINALLY, if the reader does not deem it good policy
Place all his eggs in basket but rather concludes
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 sem-annualIy, and pays all taxes. Banking by
;c dad o,fov ofo Ynur