Evening journal., 1920-07-22
So corresnnnllant.


was strongly urged by bankers Of
the State IN meeting here today, Not
only was the establishment of
chair of economics and business adj
ministratiou for Delaware College
recommended but d Stale bond issue
IL upbuild the public school system
to where il should be Also was urged
during the discussions
II was a group meeting Of the
committees on education and trade
acceptance of the Delaware Slate
Bankers Association Many bankers
sfrom all parts Of the state, aside
from the committee members, We're
present.
John S Rossell, president of the
becurity Trust Company Of Whining
ion and president Or the state Bank
crs Association. called ihe meeting TO
order lie said The educational issue
Is the paramount issue before the
Bankers Association Bankers of the
State. he said, have taken an adNanc-
ed stand FOR education. and evenlu-
ally a public school system would be
erected that would be the greatest
asset Of the State.
Mr. ROssell then introduced Fred
trck Brady of AliddletoWn, chairman
nf lhe committee on education Mr.
Brady ~ the course OF his speech
hald he approved Of using public funds
Tor upbulding the siale-edueaLional
system and establishing and main
iafing a chair at Delaware Cole ~.
Ihe big antagOnism TO educational
advancement IN Delaware Is divided
IN Three classes, Mr. Brady said. one
class is composed or ohiectors who
10 not realize the value thfy get FOR
ihe lakes they raise for schools. An
otner class Is composed OF 0biect0rs
aA do allf frrat4a
school taxes because they have no
rhldrcn or themselves have not
been educated
These objeclors can be reduced Il
not eliminated, by reasoning and eN-
rianatnn, Mr. Brady said. but The
greatest obstrucllOnists are those
hho make education a political issue.
The state suffers because OF them
Tar Brady said Many of the made
guacies of the school system, Mr.
Brady attributed TO local political
Null He finds the rural schools much
worse than those In the cities or
towns, and the rural children are
Handicapped thereby Mir. Brady said
many persons believe a good educa-
ii0nai system is had, because II Will
feducc The number Of laborers. but
Mr. Brady believed .ducatlon neces-
lary and that II would not affect the
labQr situation
p1iored pupils accomplish much
ander the circumstances, MIR. Brady
taid. and he dwelt upon the import
tnef 81 establishing arts and crafts
sourses IN colorcd schools Mr. Brady
Emphasized the Importance OF teach
ing obedience 90 laws. He said a
sendency had grown for children and
tdiils alike % disregard laws. Mr..
Brady said he had found in Sussex
county much political opposition TO
he school code An objection he had
heard voiced TO the present school
Estem, Mr. Brady said, Is that u does
Aot teach enough OF the rudiments Of
reading. writing and arithmetic.
Mayor William q Taylor OF VIII
nington, said he did mol think an ~
he opposition ta the school code was
hue 10 politics. but many realize that
~ public school system has been Su
badequalo lhNt taxpayers did NOT
Noni 10 pay more money out for NJ
Ezekiel Cooper. cashier 90 lhe Far
ncrs Bank. Wilmington, said ilo 'h-
tc school system had been So "
Fblc in the past that fcN ncr I,
hare to teach for such l0w pay 10
Ind $50 a month Mr. Cooper lt
poke from experience. as ho had
hneht school four years. The pri-
harry essential. as he saw i. Nas 90
ky good foundation In tho schools.
George NJ Jones Of Dover said hc
Nd not see why The residents of The
mate should object 60 paying in
measpd school Lakes, as for 20 years
hey had been paying only half what
ither states paid in school taxes.
Mr nossell said the bankers real-
bed they would have 70 aid In Install
hg an efllcien, school system The
s..ats ~ a r. nv an 1Hnrufa ~
lond issue by the state and an ap-
leal "a the people to support IL, Mr.
kosscN said. lt also Is necessary TO
iaNc a system az training and sup
Frtins teachers that Is worth while.
The committee adopted The report
the committees on education and
tadc acceptance. Mr. ROssell hoine
hawman or The trade acceptance
hmmittec The committee on edu-
ntion's report set forth that educa-
ton is a paramount issue before the
,eople Of Delaware today. and /
4 the duty on bankers and other citi-
ems "a give their earnest support
Il educational advancement. TINT
pport recommends that the State
tankers' Association consider IN
hbieci fully at rs annual Meeting y
iehoboth. and also recommended sup
ort Of a chair of economics anl
business administration az Delawar
lollege
hnces committee report. told Q
roup meetings and educationa
tork successfully carried on by ~
bmmlttee
Kirkland A. Wilson, manager Of tn
mblicity department % the Amcri
nm acceptance Council, addressed u
hnkcrS. In part, he said;
The bankers acceptance has 8
resent its widest use as an instru
aent for financing international trade
te trade acceptance in It's most i'm
brtant aspects relates to dQmesu
usiness. For these reasons and oe
kuse ii has 10 do with staple goods
he use Of the bankers acceptance y
bnneciion with ordinary domestl
numerical transactions between buy
and seller is in sense limited an
relatively infrequcnt as compares
fith the trade acceptance, lenc
bero IS small cause for confusing IN
l-o instruments. either IN the alb
iracf or IN actual practice
III am inclined 10 believe that NJ
nan part Of the inertia and even Q
TAR In the minds Of some men as 1
trade acceptance Is due 10 an lde
lat II they aNempt 20 use w inslru
fent they VIII be dealing Win some
ting which IS 81 as many-sided an
( technical a nature as me banker
fceplance. They picture whol
selves al treaties and OF rules an
tgulations % be read and digesteN
his Formidable task may nave to y