The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1921-01-05
Where Do Savings Bank
Depositors Prefer to Place
Their Savings, And Why?
What are the Earmarks Of Superior
Strength and Safety in a Savings Bank?
NUMBER THREE

Two articles recently appeared in this paper
under the above heading. Since a brief review or
recapituation Of the more prominent points sought
to be emphasized by Articles One and Two will aid
in interesting the reader in Article Three, repeat
afew sentences bearing upon the general question
to where thrifty depositors prefer to place their
money.
81 WILL PLACE MY DEPOSIT IN THAT
SAVINGS BANK WHICH UPON CAREFUL IN
CURRY AND INVESTIGATION | FINALLY CON
CLUDE 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 uses this
language.
"IT is A FACT EVERYONE RECOG-
NIZED 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 1
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
IT'S DEPOSITS IN U. S. BONDS AS THE HYDE
PARK BANK
The second point made was that the other things
being equal the surplus of bank was one of the
truest and safest gauges of financial strength and
on this point the article made use of this language
"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
phasze another strong feature OF the Bank, namely,
its mower to respond in an immediate and pressing
financial emergency Of very large volume. An ex-
qualification of this power shown in the res
pOnse OF that Bank al time when the Treasury
Department was calling for unprecedented sums in
the hour of its unparalleled financial stress.
M The Lamoie County Savings Bank and Trust Co
responded to that call to the limit and for several
weeks sent from SIS, 900 to Sl5000O, until the grand
total amounted TO $750,000.. No other Bank in Yer
mont subscribed as much by more than 100000 and
the second largest subscription was only S356OOO.
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 IT'S SIZE, AND WHICH SUBSCRIB-
ED 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 UP
ON BOTH IN VERMONT AND ELSEWHERE. 1T
WILL BE REMEMBERED 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 we can do better in closing this
article than to repeat what said in our last. Here
it s FINALLY if the reader does not deem it good
policy to place all his eggs in one basket, but rather
concludes it TO be the wiser and better way to divide
his savings among the different Vermont banks, we
he will deposit part of those savings in the
old Hyde Park standby"
This Bank pays four cent interest COM
pounded semi-annualy, and pays all taxes. Bank
ing by mail, is now regarded absolutely safe.
Your deposit should be sent by check, postal or
press money order or registered letter In its more
than thiry-one years of business not dollar SO sent
to the Hyde Park Bank was 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 WITH A
DEPOSIT GREAT OR SMALL, S1.00, $500, $1,000
OR A LARGER SUM, AND LET THEM COM
MENCE THE NEW YEAR AS BANKERS.
The LamOille County Savings Bank
and Trust Comnanv