Evening journal., 1921-01-17
Today's News Today
REPORTS OF STATE
OFFICERS, BOARDS
COTOLECLSLATURE

visible evidence Of serious damage re-
sulting from This condition. The low
tractive resistance OF the Kenneti
/ pike Is an especially pleasing feature
( This. coupled with the comfortable
riding qualities, makes IL possible for
ihe traveller TO enjoy the pleasure, as
well as the advantages. OF a highway
modern in every respect and whose
only reminders OF the former toll
roads are the milestOnes, which have
been preserved along the roadside
The width Of the roadway, It's slopes
and grass areas. all form a nlelsne
perspective. which stands out on a
background Of rolling farm lands
beautiful in their seasonal cOlOrine
ami dotted here and there with sp'en-
did country residences.
1T Is quite evident that, for civic
development and commercial advan-
I tage, the State is richer for this mag
nlncent gift, and IL is impossible for
/ any one using the road not 10 feel
greatly indebted to Pierre S dupont,
( IFS donor, whose gift viii remain cher
ished in the memory Of many gener-
/ atiOns."
MI Upham stated the Kennett pike
provides an entrance 10 Wilmington
Of which any city or State could
boast 1T links an increasingly inn
pOrtant section Of Delaware with that
Of a richly developed section of Penn
sylyania." he said. Socially, II adds
beauty and charm 10 that section OF
b The country: commercially and eco
nomlcally. It's importance and value
would be difllcult TO estimate"
Banking Legislation.
State Bank Commissioner George J..
Medill In his report recommends some
amendments 10 the State bank law.
lie made suggestions as follows:
First. Revising Of the law taxing
banks, making u enforceable against
national. as we'll as State, banks.
second. Making specific provision
| for the examination OF trust DEPART
ments OF national banks and estab-
fishing fee FOR the same.
Third. Providing that a director OF
a banking institution shall own at
least $500 par value OF its capital
stock.
Fourth Prohibiting a bank loanlng
on or owning It's own stock.
Fifth Modifying the law which
I limits loans TO any one person. etc,
/ 90 10 per cent OF the banks CAPITA,
and surplus by allowing loans as fol-
I lows. Ten percent OF capital and
surplus on unsecured paper: 70 per
cent additional on collateral with
about a 20 per cent margin. or % per
cent on collateral with about a 20 per
cent margin when the person has no
unsecured loans: with no limit on
/ loans secured by State. county. school
district and United states government
securities with proper margin.
sixth Providing for a Ave per cent
reserve for .savines deposits in com
merclal banks and savings banks.
Seventh. Providing for every bank
ing Institution 10 flle with the bank
commissioner a certified copy OF IL.
charter and bylaws. and in case ol
new banks, requiring that the banl
commissioner make a preliminary eX-
| animation and issue a certificate o
authority before they may commence
business.
Eighth. Limiting The amount o.
money bank may borrow based upoI
It's capital and surplus
Ninth. Restricting the words banks
and banking and trust" 10 purel,
banking and trust Institutions
Tenth. Giving the bank commits
sioner more discretion in the matte
OF issuing a certificate OF authorit
FOR opening branches, OF limiting IN
Z number Of branches one institutlo
, may maintain.
, Eleventh. Prohibiting over-certi0
, cation
! Twelfth. Providing FOR the an
. pralsemeni Of doubtful assets O
thanks.
Thirteenth. Providing a penal cod
, FOR defaulters, etc.
Fourteenth Fixing the responsi
, bility OF directors in case OF insolv
: ency OF a bank.
Fifteenth. Giving the bank commits
! sioner more power 10 enforce the Law
! and good banking practices In matter
l that might vitality AFFECT the welfar
/ of an institution.
! Military Affairs.
e Former Adiutant General I. puse
81 Wickcrsham detailed the work OF IN
K adiutanl generals Ofllce in connectio
q with the execution OF the Selectiv
A Service law In this State. on Octobe
: 81, 1920. when General WickershaI
r. resigned on account OF ill-health, Oh
o organized militia consisted OF on
l. company OF infantry and a supply do
n lachment. aggregaiing 4 officers an
e 6i enlisted men This company W,
: organized during the World War Z,
- service within the state and by rel
Il son OF lis presence In The communal
p served a useful purpose. In view
the fact that the emergency va
IS ceased 10 exist for which II was o
n ganized. General Wickersham recoI
y mended that II be mustered out
10 the earliest practicable date, and Z
n officers and men be commended I
n faithful services. Referring 90 {
( Fifty-ninlh Pioneers, he said from
Is reports they acquitted themselN
h. most credilahly since May az 80
n the principal work OF the adiuta
is generals office has been collect
IN data concerning the soldiers, sailC
~ and marines from Delaware W
al served in the World War. and In
IA sisting them and their dependents
Is settling claims against the Unit
at states In addition 90 this. the ST
Dr. medals authorized by the General 4
,e sembly 10 be presented TO the De
In Wareans, approximately 10000. W
" served In the late war were, by dir,
OF tion Of the State Medal Commltt
at prepared for distribution at the
be iulant generals office. In this wOl
" Captain Henry G.. Parker, the repS
t. saws. was energetic and diligent.
&c The records OF service OF those W
ia served In the late war are being I
ceived from the several departmer
ON at Washington. and in order that :
NJ adiutant general may be In a positi
he 20 furnish certified copies OF the san
as General Wickersham recommend
IS that the adiuiant generals ONCE
Us provided with the necessary cleri,
Ae force and facilities for the proper
as rangement and safekeeping Of the
les. when an records have heen rccoi,
lr- and Systematically arranged that
tll- adiuiani general be authorized 10 pi
the lish the names In book form. togetl
10 With other data In connection W
ent the services Of The young men In