Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1906-10-05
WILMINGTON IS
IN First R INK
Is Financial Institution
Show Every Element Of
Success For the City
B2O,OOO,OOO ON DEPOSIT

The question Of wilmington's stand
ng IN the financial world was an in
.eresting subject brought up at the
meeting Of the Board OF Trade last
evening. 1t was surprising to most of
the members to learn that there is APP
proximately about s2O,OOO,OOO on deposit
with various banking institutions in
the city, or about $3.50 per capita
Compared with the per capita Of about
$s4 Of the total deposits and population
Of the United States, this showing is
considered excellent.
President Slavery said that In the
Wilmington Savings Fund Society
there was s6.0OO,O0O on deposit, an
average Of 1867 for each depositor. He
spoke highly of the citys standing IN
the financial world and said Whining
toms rapid progress was assured.
John s. Rossell spoke Of the splendid
showing Of the city's financial insti-
tutions, and said that while the sum Of
money on deposit here was large, there
are banks in New York with more
than $2OOoO.OOO ON deposit. And they
they were hard pressed for money.
1--WE have ample surplus in Whining
ton" said Mr. Rossell, "for all legiti-
mate needs with ample security" and
he added that there was no city in the
world that has better elements Of sue
cess than Wilmington.
Exposition Committee.
President Slavery announced the
aoY,ar,,fffaa 90 r,,e,,,J.ere tl,, rl,,,.1 -
/ Trade on the jamestown Exposition
movement. The committee is composed
OF Chief Justice Charles y. Lore,
chairman; Postmaster Henry c. Con-
rad, William b. Brinckle John S. Ros-
sell and Horace C. Knowles.
All the men have accepted excepting
Chief Justice Lore, who has. not yet
acknowledged a communication sent to
him by President Savery. It is not
expected, however, that he win refuse
the appointment.
interesting Canal Discussion.
An interesting discussion on the
Delaware and Chesapeake Canal was
participated in by a number of the
members and all seemed Of the
opinion that the canal commissioners
were impressed by their visit here Of
the need of a wider and deeper canal
between the Delaware river and the
Chesapeake bay.
President Savery expressed the opin-
ion that the Delaware and Chesapeake
canal was as important as the Panama
canal. aud thought that the business OF
the former would greatly exceed the
latter. He compared the great differ
( ence in the cost between the construo-
tion OF both canals and the different
climates, in fhe Panama zone, fever
and sickness raging while along the
route OF the Delawarea nd Chesapeake
canal the workingmen would have a
chance to live while the work of the
widening and deepening of the canal
went on
Mr.. Rossell in speaking of the Pana-
ma canal said he thought President
Slavery allowed his zeal for the home
I canal to enter against the bigger pros
pect He thought the United states
was doing a great good for humanity
In common in constructing the Pana-
ma canal, and to prevent it's constrlc-
ton would be a little more than little
Delaware might hope TO undertake.
Want Industrial Exhibits
william b. Brinckle. who is one Of
. the members Of the jamestown Elk
position committee. announced that he
had received a letter from the man.
ayers Of the exposition calling atten-
ton to the fact that Industrial exhi-
bits from exhibitors in every city are
. desired For information along ;his
line. Mr.. Brinckle said he was ready
to take up the matter with any in
dustrial firm in the city.
New Charter Discussed.
The new charter matter was brought
up and discussed and the general opin-
ion of the members was that a charter
was needed, but the charter commit
tee is still working on the new laws
Two attorneys are working with the
committee and a report is expected
shortly.
River Front Wharf.
Mr. Brincl1le brought up the subject
OF a Delaware river front wharf and
suggested that arrangements might be
made with the P. and r. Railroad to
use the latter company's wharf He
thought II would be a feasible plan
for the railroad company to run a car,
equipped with a gasoline engine, from
the city line to the wharf. Others sug-
gestions were made that boats doing
business down the state with Phiadel-
phia, should be induced IL possible to
stop at New Castle. The matter was
referred to the transportation anc
navigation committee.