Smyrna times., 1920-08-11
I'M BANKERS RECEIVED
|TIH WELCOME IN SMYRNA
I,7v I'D MORE ENTERTAINED
,r1UNCHEON HERE

Al Ill .NAAAAAC~h
...,. Meeting Held at the Century
D,L-FOrmer Governor Miller and
Ofbers Make Fine Addresses
,,,,ination of useless Offices in the
and the Inauguration of a more
like method of handling the
finances were fully discussed at
: ..nn committee meeting of the
a .rarp State Bankers Association
i Smylna Thursday. William
rsto head of the Delaware Sur
commission, former Governor C.
mIlor and George L. Medill were
!, those who spoke for reform.
1, White pointed out that the
/. government is administered by
,gsDcies with a personnel almost
Mn appointive only six executives
/, elected. Mr.. Miller while fav-
!, budget sytsem for the State,
etain dangers which might
from such a course. He favor
m1ting the governor power to
.,ro tho annual budget as we'll as
u rrrOl its operations, this power
Il no as a curb on any eXtravagant
.ature The bankers about 40 in
5er were the guests of the bank |
4 men Of Smyrna under the leader
II q Walter 0. Hoffecker, president |
] N Fruit Growers National Bank, |
Eugene Davis, president of the
us Bank of Smyrna. During
noon hour the visitor were guests
8SnunaS two delightful banks at a
leon given at the Colonial Hotel.
nn Miller Makes Fine Address
E#ng took place at Century Club
8w0. HOffecker delivered the adj
d welcome, which was respond
Il By John S. ROssell, president of
ElaCiatiOn, who presided.
nmg Governor Miller was the
i Geaker. Throughout hist staddress
nIhasized the inadequacy of con-
tan provisions and legislative
SsnantS for the proper regulation
/ Ne affairs. He advocated the
Of stricter laws for the con-
1.-THE State government and the
fm Of useless offices. The !
aevrnOr said that a budget {
a1uld aid very materially in I
gut these new provisions, but t
iWald not remedy all the de- I
nce a budget might be torn to n
sEa legislature disposed to ex- t
ice even though the budget b
IA made up with great care bv a
4elnor. He estimated clothing
'eIlOr with power to prepare
llal budget and to control its
'ah; but suggested also that u
nPe should always be fully in
\ as to the provisions of the
7 Veil in advance of the assem-
u the general assembly. He o.
Nenhon to the great danger of tN
asant appropriations based on W
extraordinary revenues which fl
aoI always be available, and he OF
lVcal stress upon the great ne tt
a providing for the liquidation T.
oolaed DEBT which seemingly is ne
4en y, llttle or no consideration. re
Alng funds which were intended hi
'afe OF maturing bonds being D
al unknown quantity in State Gu
! Mr. Miller favored the con- W;
.ou 0l the almshouse of the 90
u D one institution. nc
reports Of the committees VIZ
.op'ed |. to be submitted to the m,
" Lon at its annual meeting in pc
"a "a On September 2. The pro- TO
amendment to the constitution biz
! '4sOclation, providing for an 1t
!, ! committee of fifteen mem sly
!, ! approved by the meeting. tn.
% S!n banking was discussed bv NJ.
,. ,uler, Jr., assistant cashier of Of
5ial uI Reserve Bank of Philadel- frC
,.. ns appealed to all State banks erl
,'''@' , bIi
Ia' y amendments Are Urged Re
,DoEo J,'a Commissioner George L. 80. lirl,
,9.l spSe upon some amendments am am
I ,,su1.ng u. laws of the State that oO'
p-9Seil' 70 the HI,
u ~. ne most important" he g.
d 'gas Ia 81 oi rewriting the law re- 0'a
|, ,,... We State taxation of banks. il
IA, = Ia, law was meant to apply S
nv " Ia national and State banks gra
y S.t;p opinion cannot be enforced Sm
'1','aal tSo q Oonks, as it is con- tice
nit +. !. federal !, law, which does way
apcsi,. AZ state to lay a privilege The
h ,Ie nas TAX against a national eng
comolSs la.are is to have a we'll to
NJ euplete aae up-to-date banking looE
ifon.a ate u several amendments pas.
ter tbat ,llat should be made. It skeI
tboraast. p,,at requires the best ef. tore
'lsnt Of the bankers. gen,
FROM Cr-- ever
iiNA; TO TALK and
a, ing