Every evening, Wilmington daily commercial., 1920-12-17
PROPOSED REVISION
OF BANKING LAWS
Considered at Meeting of Execu-
tivcs of State Bankers Associa-
tion in Dover Yesterday.
STAFF Correspondence of Every Evening

STAFF Correspondence of Every Evening
Dover, Dec. I7.-At the meeting of
officers and advisory and executive com
mittces of the State Bankers Association
YESTERDAY afternoon in Dover, George
l.. Medill. state banking commissioner
read an extended proposed revision oi
Ranking laws containing many suggestions
for new features TO meet present condl-
tionS The rcvisions were adopted as q
whole by the bankers and will be offered
10 Governor John G.. Townsend for rec
ommendation. George NJ. Jones, presl-
dent Of the association, appointed
committee Of three. consisting OF John
= Rosscll, John ". Herring and Dr
Rowland c. paynter, TO suggest recon-
mendations for certain changes neiole
presentatatlon Of a final draft to the Legs
lature.
II was declded TO hold a meeting OF the
advisory committee in Dover on tebru-
ary z while the General Assembly IS
under wav The scmi-aunual meeting
az the association viii be held IN VII
mington the first Thursday IN NPrch'
Group meetings will be held during
.July and August, IN Harrington, Laurel
and New Castle. with the regular annual
meeting at Rchototh III September.
In the eencral discussion thst followed
the regular proceedings, John = Rossell.
former president of the ASSOCIATION, oi
the Security Trust Co. Wilmington, adj
dressed the meeting on the Importance OF
taking an optimistic view oi the present
financial situation, He drew comparison
between Europe with Its tremendous
burden Of debt, industry paralyzed and
It's children starving, and the United
Stairs with it's immense wealth of three
.Nval l.tiitptrg f,f dollars debt nt
about III per cent Of this amount, fifty
billions ot banking resources, and on
danger Of suffering threatening the people
Tie said tnat locally the people had every
reason to bc content with over SiOO,oOU.-
600 Of banking resource
1T u true. /" he added, that there are
burdens TO bear IN the form Of taxation
and that further sacrifices would he
necessary as n result Of the war
He urged liberal response 10 the appeal
of Herbert Hoover for contributions.
20 relieve the starving children Of Europe
and declared our interests were closely
associated with the recon .truCtion oi the
old world He urged Americans 70 give
generous support 10 the government ~
overcoming present difficulties. and ap
pealed 20 his feliow bankers TO look for
ward and give no heed to cry Of hard
times.
pOvFRNOR TOwNsFND PRESENT.
Governor Townsend was present ~
the meeting during the report Of Conn
missioner Medill in the. afternoon.
William O. TAYLOR. vice-pTcrldCgt ~
the association of the Delaware TrW T.
Co Wilmington. predicted that business
would return 10 normal basis within =
short time Robert p Robinson on bc
half cf the Delaware State Grange AsSo-
Giation which has been meeting IN Dover
presented greetings to the bankers
Tne bankers present included John 5. !
Ro-sell William c. Taylor, George /
Massey Jones. president Of the associa-
ton e the First National Bank, Dover: I
Hsldeman G. Stout, secretary nf the /
sseocition. wee president of the Industrial
Trust Co, Wilmington; Eben Frazer,
v,ce-president Of the Farmers Trust Co.
Newark; Robert j. Robinson, president
of the Central National Bank. Whining
ton: Harry c. Darbee, Delaware Trust
Co; Walter q. Hoffecker, president of
the Fruit Growers Bank, Smyrna; T.
deH Janvier, New Castle Trust Co,
Wilmu gton; James b Bicc Delaware
Trust Co. Dover; ] " Heri, e. First
National Bank. Milford: Coy. John c.
Townsend, J. Viii Powell president First /
National Bank, Harrington. J. I. Mas
ton First National Bank, Harrington.
Commissiontr MedIll, and Dr. Roland +
paynter. president Farmers Bank at
CeOrgct own.