Evening journal., 1920-05-06
STATE
ACCOUNTING
SYSTEM BAD
oonIInned from FIrsL pago.

Continued from First Page
responded and presented his report as
president. In which he said in part:
II submit that the days are evil.
do not say This in the spirit Of the
pesslmisl am not a pessimist,
] am an Oplimist But do
believe In looking the facts squarely
In the face: and facing the facts / see
there is urgent need Of being strictly
on our guard, exercising the greatest
caution, conserving our resources
/ lprudenily, and exercising our best in
/ lluence TO ward or, or at least mit-
gale. impending social, financial and
industrial calamity II we can develop
/ the projects before US we will have
contributed nightly toward holding
the world steady and wiil have done
much 10 save our own people from
possible distress.
IAN viii agree that lax methods and
careless personnel are the curse OF
any banking Institution. Happily this
Is moi true OF our Delaware instltu-
lions. but we have had elsewhere ter
rlble examples OF these unfortunate
surroundings. We should employ the
best methods. maintain the highest
standard, provide every possible SAFE
guard and exercise the closest scru-
tiny.
adopt every plan That VIII promote
me welfare OF officers and employees.
Give them assurance Of The highest
reward for loyalty and efficiency.
banking is. not primarily money
making business. Our highest motive
should be the best service ana the
Z greatest good 10 the greatest number
Of pcOple Extend the helping hand "a
everv man of right intention Win
I veU defined and necessary enierpiis'
p fo promote. and never forget that siiei
, ain me hest risk Is The moral rish.
The executive committees report
advocating closer co-opera,lqih ~
! hanks of the Stale and esapl llsll''cn
OF a state clearing house. ulShlS oN
, tension Of aid TO farmers, sIuuy
7 thc Federal Reserve and other recon
/, mendations. was read. report p'
l Ina nommillee on agriculture aiS
,,,as read. II emphasized .greate
!, ala To lhe Boys and Girls CLUBS az
= means of developing tho back 10 IN
I ~ The report OF the committee o.
! education approved use OF al puD.l
n funds and creation OF DViluru uun
lo Improve schools OF the state an
$ Increase pay OF teachers ,,s, eav
s urged creation or an tnu''',,,fr J,
q fund FOR the chair OF oaslhless a,,les "0'''''
h istration at Delaware Coliese'
nr Samuel Chiles Mitchell, pres
dent OF Delaware College, mere W.
called upon for an address hH Z,
cei,ed a round OF applause, pvu 4
no bepinning and close OF MS speeci
I'M part. Or. Mitchell SAID c,.a
* friend once wrote to Mr. Ilau
\ STONE you have so liNed an
,yrouaht that YOU have kept the sool
1 aiivc in England To keep alive l'l
j SOM of the community Is the work
ihc uuhlicisl. Onlee holders a M
many publicists are Few lne s'a
OF delaware has one supreme uA"'1p a
40 IN the person Of George 1,as ,nst
ee nuhlicist governs by influence Jus,
ed nronoriion 40 his character, abili
nf III think straight and publio-mlnde
,1l .sThe banker should be a puDllol
liu heeause of the peculiar relation
III lrusi In which ne stands 10 lhe EMU
community While he Is not a pub
iu ofiieial he Is a public man, ana
falis lo his lot 10 counsel the peoI
d. In matters that touch the commit
N. rood The banker stands IN Nilal 7
N iation 10 new enterprises and spea
d., In many instances the determini
i,, ,vord as 10 variols projects that an.
fv the community and the state. u u
IN banker Is an index OF community ~
,e- character Is the basis on of.ul
IA was one Of the last words Of Mr.; Pls
yet noni Morgan, ana charaeter u
IN basis Of banking. n
'' "v,hen the committee on Educatl
AZ of lhe state Bankers Association n
or- recently at Delaware College, the 81
ba restion arose OF endoWlng the On
N pusiness Administration. This en-
The has heen recently established ny
Al Roard Of Trustees and Is training
ne 0ns hodv of Young men who are he
en- inq toward business. The proper
hat do,vment of the chair would call
100000. the income Of which w.o
his cover The professors salary and
his low a sum FOR the purchase OF DO
'or, on banking, marketing, business
not and kindred subjects. III might
as called the Delaware Bankers Chair
business Administration. You VIC
sllh ihus be the FIRST 10 endow a Chair
iere delaware College and give through
sec the state an example that would
cdi- most certainly be followed by OF
ties. friends This chair would train 4
year 10 year a group OF young !
RE- That would take responsible posit
I'm your banks and other forms or
The mess IN Delaware. Business demi
oore today specialized training In coll
rch. lust as medicine. law. and theol
'ices has heretofore received. BY suct
.c 4. endowment YOU would give rene
Rev. Impulse 10 the educational prog
both of the state which has already
The hraced the schools and colleges.
,nes great citizen has given million
,nre promote educational progress In
,s.c,, aware.
80. "By the scholarships which
was Bankers Association establishe
the Winter school, nearly fifty
and girls as achievement champl
W. received the hencnt OF an inspl
va week at Delaware College. Thrl
,sl ~ your effors IN this way aFrlcultul
.,,,.S .,' the various communities was u
vrtse 49, encd and civic enthusiasm onkln
.,a,t The bankers can, through the
80 lcge, increase the wealth, pro
,ror, Industries and agriculture, slim
oniN commerce, and strengthen the le
, loss