Evening journal., 1919-09-05

, NNtN't AfN'A'AAAf 'AANH AANNtANN NaAA
that "By supporting and upholdlng N,
Government IN It's efforts 70 make IN,
Individual eillelent and successful OF
I which thrift Is the foundation. the co.
I operation lt desires on both sides vii
I DO realized and poverty abolished. Tn,
/ impr0vidence and extravaganza Of IN
masses OF our people today Is eppal-
! ling and 10 is imperative for the 'gOot
OF this nation as well as others ha
we should bend every effort 10 the
creation OF thrift and saving"
She was followed by Mrs. John Dal.
las Hammond. OF Philadelphia. on
Savings Certificates" Mrs. Hammond
wore a black silk abbreviated skiri
and a red satin turban shape hat She
prepared her remarks by explaining
/ that she had bought the materials anc
made the garments herself. This leo
/ 10 an inquiry from Or. Hiram r. Bur
/ ton. Of Lewes. as to what was The ac-
( iual cost OF the hat.
Talks of PrOntecring.
AZ would have cost me si5 n I had
I bought it ready made replied Mrs
/ Hammond, but as bought the mate
rials and did the work. II only cost
me s3G3"
"Yes." said Dr. Burton. "a matter OF
Sii profit for the makers and the de-
partment store and that Is just the
reason the cost of living today Is sl
nigh. 70 Is due 90 pronleering.'
Howard s kinney OF the CONNER
cial Trust Company. Philadelphia, spoke
on "The Past. Present and Future OF
Government Loans"
The ~eport Of The committee on trade
accepiances. presented by James =.
Winchester, was as follows:
Your committee on trade accept
ances respectfully reports that at a
Joint meeting OF this committee and
The committee on the Federal Reserve
system held I'm the directors room OF
the Federal Reserve Bank. in philadel-
phla. AuglIt 20. 1919, The following
resolution was UNANIMOUSLY adopted
and referred 10 the association for ac-
tion thereon:
Resolved. That this meeting en-
dorses the plan for the general use Of
trade acceptances as credit instruments
Of the best form and as the best means
Of increasing the banking credit OF the
country by bringing into active circu-
lati0n large volumes OF credit now dor
mant in open book accounts, and fur
ther.
Resolved. That we recommend the
adoption by the Delaware Bankers As
sociation OF such methods for the use
Of trade acceptances in all transactions
where practicable, and for the ready
acceptance Of these obligations by our
banks and trust companies, as the as
ISOLATION may deem proper and desir-
able"
Robert p. Robinson. II. VI. Buckson
and r. b. Baker were appointed a COM
mittee 10 nominate officers for ensuing
year.
Director Joseph II. Odell. OF the Ser
vice Citizens OF Delaware. paid a tribute
20 Pierre :. dupont for his giit OF time
and money in the cause Of education
in Delaware.
Dr. Hiram r. Burton voiced a cordial
welcome 20 sussex county and invited
them to visit Lewes today.
Adjournment was taken until s
O. .'elock.
Following this session a meeting OF
the American Bankers Association sec
tlon was held, with George II. Hall. OF
Milford. presiding. and W. G. Taylor
acting as secretary. The following
vice-presidents were nominated for the
National Association: Curtis Davis
Laurel. yice-president for Delaware
Richard Reese, Equitable Trust Com
pany, Wilmington, trust company sec
tion: Robert q. Kemp, Artisans Savings
Bank, Wilmington, savings bank sec
ton: Frank C.. Bancroft. Wyoming Ma
tional Bank section; 2. p. Baker. Selby-
Vile, State Bank section; Charles r.
Miller, Wilmington, executive council:
delegate 10 the national convention,
Landreih l.. Layton, Georgetown.
The banquet at 9 O'Clock was held
In the large dining foom at the Hotel
Henlopen which had been reserved for
the occasion. President John ;. ROs-
sell acted as POSTMASTER.
The invocation was delivered by the
Rev. p. B. Baynard. pastor OF the Re
hobOth NJ. +. Church.
Governor John G. Townsend. Jr..
spoke on "The Banks and the state"
He said in part:
"A meeting OF Delaware bankers, a
State Bankers Association. and the
very name Of the topic assigned me,
The Banker and the state are all Of
good omen. They show a new concep-
tlon Of citizenship which forecasts a
newer and better day for Delaware.
There was a time. and not far dis
tant, when the banker was the ultra
OF his community. lie was
a power, Il is true. but only because
he controlled the finance. In that con
troll. he viewed the world from the
counting room, rather than from asso-
citation with men and events. lie pur-
p0sely avoided contact with public ar
fairs. He was inclined 10 look with
on suggestions for changed
methods In a word, he lacked vision. I
discounted ambition. and scorned char
acter as collateral He stood guard
over the wealth Of his community and
viewed his duty supremely as one Of
discounts. interest and material mort |
cages. He knew the language and
thought only in terms Of security OF
deposits and dividends Of stockholders. !
It was only yesterday when the banker |
lid not advertise. To do so was un-
ethical To solicit business was the /
mark Of sharp dealing. He was feared, /
and many a worthy project Of busl- !
ness development and community in |
.erest has been crushed by the aloof /
md austere influence that prevailed in /
he directors room. refusing TO listen 1
TO the ideas and plans |
,f a prospective customer.
To-day all this Is changed Enthu- ]
'iasm, desire for better things. honest
plans backed by energy and character