Evening journal., 1919-09-04

true IN ln1lNldual cases, III VIII Cef-
talnly be admitted that the farmers
are entitled to a large line
OF credit Moreover the farmer-risk is
good moral risk, and with the oxer-
else OF the usual care and caution In
making loans 10 the farmes, there Is
only minimum risk. II would be a
splendid thing for the banks Of Della
ware 10 take up he problem OF con-
solidating the farming interests. under
q plan that would extend tho debts OF
the farmers aud grant them whatever
Immediate relief they require.
I'VE are all very conscious OF the
great necessity OF thrift and savings.
The more thrifty our people arc, and
tho greater their savings, the larger
will be the bank deposits. Many know
this and are practiclng thrift and lay
ing up their savings. This Ia reflected
In tho increased deposits shown by our
bank statements. But we ought not 60
regard this matter as purely indlvld-
ual and local. We should he an active
force IN the nationwide movement our
government is promoting with a view
TO the conservation OF the earnings of
the people. The banks can IN a special
manner aid this movement by explain
ing TO their patrons the advantage
through economical habits OF Rccumu-
lsting a fair percentage OF earnings and
investing in government securities or
deposlting IN the savings banks or saw
ings departments OF our commercial
banks and trust companies. II we
will give a little OF our time and at
tention to this very Appropriate form
OF banking, we will have rendered
splendid service 10 our people
"The campaign for the more extended
use OF trade acceptance, which you
recommended a year ago, has been
largely educational. Il Is always hard
TO get away from an old custom, and
to do. things in a new way, but the
trade acceptance commends itself so Ia
vorably that II Is not too much TO ex-
pect that the day Will come when the
large volume OF dormant credits in open
book accounts will be vlvifed and
made useful in banking through the
medium OF this modern credit instru-
ment. Continue your investigation and
study OF this subject, and by gradual
experiment test out the trade accep-
tance and see whether or not every
thing that IS claimed for It Is true Our
ultimate aim should be to adopt the
trade acceptance as far as practicable,
and thereby TO secure for ourselves the
gain that Is sure tO result from its
general use, and for our patrons the
greater convenience that would follow.
"All OF these important matters have
been carefully considered by commit
tees OF our association, and the re-
ports from these committees and the
recommendations they will make will
present the different subjects TO you
more cOncretely. Give some little
time TO the consideration OF these re-
ports. Discuss them and take such ac-
ton thereon as you may deem proper.
IL would be well TO continue these
committees, so that they may add 10
the excellent work they have already
accomplished. They were appointed
for this special occasion, and they
nave covered the subjects assigned %
them very fully, but there remains
more TO be done, and II would be wise
and proper TO authorize the commit
tees 10 maintain their present organ
izations and continue their examina-
ton into the important matters en-
trusted 70 them.
"The achievements OF our association
during the past year were only 3
demonstration OF the power and infu-
ence we can always exercise for the
promotion OF the welfare OF our be-
loved state. What we have accom-
plished along definite Lines we can
supplement with equally important re-
suits IN other directions. With the
spirit 10 do our utmost for the attain
ment OF high purposes and with united
and determined effort to secure for
Delaware everything that can be had
that IS best, we can prove ourselves
an irrestible force for good.
"There Is nothing too good for Del
aware. Ny ardent hope is that we will
all come 10 a fun realization OF this
patent fact and rising TO the summit
OF our cltizenship-with hearts aglow
see before US a prosperous and nap
py people, enjoying as the reward OF
our own and their labors. all the bless
ings that follow intelligent and In
dustriOus endeavor.
Let US here and now rededicate our
selves to the service OF the state we
love so dearly and pledge ourselves
one 10 another that we will direct all
our energies to the faithful perform
ance OF every duty devolving upon us
and place Delawsre-our Delaware-in
an things in the front rank among the
states OF the Union"
The features OF the evening meeting
will be mainly social. banquet being
served In the hotel dining room, at 5
o'clock. with invocation by the Rev. o
T. Baynard, OF the Rehoboth VI. Z
Church.