Every evening, Wilmington daily commercial., 1921-03-03
DELAWARE BANK ERS
Continued from pa9e

other cities Of the State AwayH tsft In |
coming 10 Wilmington, aud referred 20
the manifest spirit OF co-opsrs.uon ana
the good spirit among the bankers of all
sections of the State Mr.. Jones made
apeoial refcrance To tho progress of the
aaaooiation undsr the leadership of ha
former prealsien,. John 5. Rosreli.
Report on Legislation.
First nn tho program wna tho report
Of tho committee on legislation, through
its chairman. John =. ttoaaoll. The re
port referred especially to bills now
pending before the Delaware Loeisla
ture affecting banking interea'H. ana
reVcnlcd the fact that tho 1ctiviiies 81
The, committee had resulted in checking
the ennctment OF legislation inifntiai
to tho interests of members of tho aaao
ciation.
Mr. Rosaolla report recommended
that tho committee be enlarged from
fhree "a nIue members.
Tho aaaociation concurrod in thiH
recommendation. and tho additional
meuhers will bo named by tho freai-
dent
Address of ". T. Grosseup.
Walter 7. Croaacup. connected with
tho Federnl ftoaerve Rank Of philadol
pha. fnnde M intere7tine address on
Tho Importanr" Of TANK Exasnina
tlonz
To-day. many people are ruTsring
from n daenao which might be called
financial detncptin These peopla arc
aeektnR abnormal returns for their
money they lack tho courage Rnd ia
tienee required 10 huild lastlng fortunes
bv conservative Investments IF their
funda for pcrrnaneut income
aJazz 10 "A popular KIND Of music. huf
iazz IN not confined to music, The war
do eioped n condition which ssena -
have throughl pzzed finance and com
mon rsasontnR Whom there is lark
Il right thinking diaasteT ltea ahead
Money was enaly made and credit FREQ
Is secured Tits brought about a con
dition which made for shatule1s waste
This. hogveves ta IN process Of correo-
tfnn hy reason OF the succeaa attendant
nprn ~" national campaign - thrift.
hflt tpre tnust 10 exercised to Hea that
~. pendulum taoa not swing too Far
the otHnr seat and endRngar hHainrat
stability
"a reruit of war prc~perity. a.
eiifniilnted reserves have enabled nany y
+ h#iafteas ssnterI,ri#ep ~ wea thor the big
fall III commodities without oeinR
v-rvekal - tthaaa times ~ Iargo iu-
santories. failing prices and lahpr IN
- n male Il very necessary for bank
afa - aeorr straight and conser
tivc courao through covract tenkirR
Hraefio~
he period ~ r. adjustment .vhiob
fifr world If nuw experiencing hnH
fi4ee.tl ul,an the ahonlderH of bank eu-
ters ising authorifisa "a m unce~fai re-
apunsihtitY and obligation u = theirs
- so. that ln5efenpihlo ranking meth
lis and IA aagarous hanking practices
are arnnica tel Any attempt To- frea'
this fezponaii'lity n light manner
should - looked Ipon a. = dafa nit"d
obligation a. the many tho,saapd per
aana who have shown their fRith n
fha country banking r steam ~ dapoa
tng mtiiiona u dollars ~ money Tha
lublie Regards hank examinations and
nank aaperVivion in the light of Al
liitional s.feRs4ar1 FOR the conReryative
handling ~ funds which arr l7ft on de-
l,aaita IN thu l,enka
In arriving ~ tie vatuH ~ Inc u
credit. a hnua exnfaiuo1 said Mr. 3rpsa-
up. must tnkn into conaideration the
moral reaponsihiirg u borro~ars the
financial Hta tsine nt whicn should shosv
Il reaonnabLe aH.oant n quick asastr
aV.r current liabilities trade referrslc Is
af4d the amount of u eraxe ,aiane.
maintained ssith tne bank.
Albert = faRE s4e"- pressdant OF rhs
corn - fause 8aun of Philadelphia
ass3e an address, au Investments p
surplus II EanA-
Mr.. Hosg's Address.
Mr IIoxg sad u part
Values after ali. ars purely relative
\ few Years aso the present prie.s =
bonds would have looked too xood :.
la true. white the present prices =
commodities would have seemed ..6e
lad dream Aet the banker is 4u
peculiarly ndEa5 ttKeous position :,
study values lie mas "a close conac
with al markets and i sua wider con
eet through MS city correspondents.
The sun never sets on Wilmington
Divers ed products. Ii the secon,
year of the war one of The machln
tool makers I'm Wilmington nad slsi
ron! tn Director of Railways os N
Dutch East Indies. country sltaate
on exactly the opposite side Of -
earth Down IN the romote parts @
south America our Mr. Chandler foGn
GOODS from your own town of Dover.
You say. how can al this affect h
valus of securiue Ny friends tax
z8sk at ths, eNcatnges f the world AZ
then ask yourself that question y
you know that the I nited States. Jap>e
/ and Mexico are the only countries whlc
remain on gold basis. that the terrih
!. 9rop In the price of silver has dislocaJe
: the exchanges ot the East and has =
he time being ruined our trade wit
hat part Of the world. while Ce0tra
Europe. as We all know. IS practical
bankrupt Russia and that part Of "a
+ world is located France. Italy an
/ Germany are ptling debt on debt. an
n large part of South America is !
the throos Of severe business an
:, financial depression
over there the trouble Is lack
+ PRODUCTION Here the trouble Is ovel
I production over production naaat
= soaedier detiation aud deflation near
more funds with which. - finance q
Z needs Of other countries. The Yer
condition that makes the rest oT Il
t world unable to buv from is our sul
plus products Ia forcing prices down
) this country ard a. prices 60 down az
frozen credits are thawed out the prize
a Of bonds will rise.
Turning tc the domestic situation
Mr.. Hogg continued in part.
when ~ consider that the ratlfaae
sf this country last year earned abo}
! one per cent on their investment y
time fer serious thought With ul
wards of 3oO.0 600 idle frelsht cars. ar
.s.{tE= "a tg.,- lYpViaI1fpe Iu it's aItIEut