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LEE SAVINGS BANK HAS 80TH BIRTHDAY PARTY Continued From 11th Page South The total savings banks at today that amount on by city banks. Mr. Rogers said that the trustees serving the bank at the time of his election were: President, Dr. Holcombe: viceGeorge Baird: John Smith, Frank Charles Hibbard, Albert Sparks ers. the but six remain of the list serving the time Mr. Rogers's first connection institution. Halsey Charles Shaylor WurtzMr Shaylor presiNorton vice and Mr Wurtzbach, The toastmaster tribute to the Mutual Savings Banks, ing that from 1920 1930 there bank failures the and that not them was bank Adam, the Berkshire County Bank, Pittsfield, which six years the of the Lee Adam expressed regrets in the that the treasurer Berkshire banks was not referred Charles M. Sears the Lenox Savings he stated with gathering spirit but he felt unwise to tend owing to eye trouble. Mr. Adam mentioned Ezra Whittaker North Adams, treasurer of the North Adams Savings Bank has succeeded his father and his the tribute was paid president the Lee National who Mr. Adam brings back so Boston that hat." The speaker hailed Mr. Rogers "chief" and that of the the due his He said he of be enjoyed by the institution Senior Bank Heard From Speaking for the National, Mr: said that must have been the training the father gave the Savings the right spirit carry has. He said that his bank was 17 years older than the Lee Savings and 10 years older than the Berkshire County Instituted when Andrew Jackson was Mr. said the and the that had with making fearful lating anything Andrew advanced. Mr and 195 banks 36 He tioned the failures of today, of the not the title of bank. relation these he said that he believes mutual banks are good 100 per for all time the new providing that banks pool to the York With referthe the National and the Lee OBrien each institution attends its affairs and instead being compet the banks work together for benefit of both Points To Confidence Mr. O'Brien that evidence what banks in County would do in case of emergency was brought last winter when possible run on Pittsfield bank because bank county public that plenty money result convinced. added banks in the Eastern part of State cooperated in this fashion there would have been fewer failures. In closing he congratulated the Lee Bank and expressed good wishes for years come. He value of mutual banks recalled phrase used by his asin advertising "From Cape Cod to the Berkshires His compliment to the Lee Savings Bank to the effect that regarded strong throughout State and that treasurer, keen William Porter Leonard Church and Franklin Chamberlin could witness the the bank today they would say, done, good and faithful servant.' Central Fund The principal President Converse Bank paid tribute the Lee declaring it to one of the best in the State He further stated that Mr. Rogers is held highest regard throughout the State. His talk was as folalways good for savings those continued Mr. Connot going say in are only hard. In fact, thought today how are work make not thankful for being but conthe future "First in should place the Savings CenFund Inc., our own reserve bank for the mutual savings institutions of Massachusetts. need not tell you of, the steps leading to its organization, steps which followed one swiftly until we have strong daily ready and the safety bank dollittle surprising, when look back, that the banks did not fund long suppose the real explanation lies our of indeold creed that every man and should required himself By the same reasoning, our savings banks al- ways been and All of us proud think that their For savings bank has make its way and can promise you that there will be no of effort. Safety of Assured of generahas been during the past ten years by organization known as the Savings Banks Association to which your bank and every other bank the with one exception, That made possible the of the Savings Fund, by all and ready serve every savings the central fund already has met the highest has and given confidence sponds instant call What comfort to bank officer behind his desk in the State, to know that such sup port and this time will undertake plain, the central which can point than of over want to urge that shall be only beginning in realizing the possibilities of cooperation between Consider for Working such audience and respect. Speaking individually, our voice is likely to unheard. Confident Future "You familiar the tended made by another committee effect State savings banks Broadly speaking, our views are likely accepted all important The legislative committee will meet with our own committee and am sure that lasting benefits will reslult. have spoken length upon these to the and you me say the worst of our difficulties are We are still the of great ment, the known This far the next mato turn for the better, and gradual major upturn may predicted. "Out these difficulties eminent truths emerge. There are substitutes personal thrift by the individual banking by our The mutual principle has been the of banking ever devised for the average money In the great future that certainly will open country hope see this that may reach to other millions of depositors.