Every evening, Wilmington daily commercial., 1920-08-06

| the Bankers of the State and upon the
| general public the Importance of thorough
reform in these several respects, and we
| believe that the people of the State are
ready and anxious to support definite
movement to bring about better condi-
| tions
"We, therefore, urge upon the assocla-
| tion renewed effort in cooperation with
| the State officials members of the General
| Assembly and civic bodies to secure the
enactment of necessary legislation to estab-
| lish the much needed reform, and we
suggest favorable action by the associa-
| ton with this cornmendable purpose IN
| view
The groups also adopted the following
| report, which the committee on Federal
reserve system will present at the annual
meeting of the association:
"Nour committee appointed for the
purpose of bringing to the attention of the
banks and trust companies in the State
not members of the Federal Reserve Sys-
tenn the many advantages of Membership
beg to state that we have persistently kept
before the officers of non-member banks
the reasons that appeal to the committee
so strongly for all State institutions that
can become members to do so.
1T has been admitted that the Federal
Reserve System is the great bulwask
of the countrv's financial interests , and 1t
is admitted also that without such system
the country could not have successfully
and easily financed the World War,
nor could it now withstand the tendency
TO disastrous monetary disturbances.
''There is nothing difficult TO understand
about the Federal Reserve System, nor
do any embarrassments attend member
ship in it that would make { undesirable
for any State institution to become con-
nected with 1t, while on the other hand
there are numerous advantages that should
appeal to the officers of these institutions
and prompt them TO very seriously con-
slider the advisablity of membership.
"In the final analysis each institution
must decide what is best for itself,
and we can only advise that the subject
be kept alive in the association in the
hope that ultimately all our non-member
banks and trust companies may find
it to be their very best interest to join
the system"
As published yesterday, William p.
White described the work OF the State
Survey Commission, r.. NJ. Miller, Jr.,
made an address on Unified Banking,
and State Bank Commissioner George l..
Mcdill commented on the banking laws
of the State All the speakers were voted
thanks. The groups adopted a resolution
commencing MIR. Medills work as State
bank commissioner and requested him TO
cooperate with the officers Of the asso-
ciation and the members of the executive
committee In the preparation of amend
ments to the banking laws TO be presented
at the annual meeting. The groups
also approved n proposed amendment to
the constitution of the association pro-
viding for an advisory committee.
Proceeding to the Colonial Hotel, the
bankers were guests of the National
Bank of SMYRNA and the Fruit Growers
Bank at dinner Eugene Davis and
Walter .. Hoffecker welcomed the guests
on behalf of the respective banks. and
the guests gave their hosts rising vote of
thanks.
The group meeting was largely at
tended and interesting.
Chorus singing, led by William p