Every evening, Wilmington daily commercial., 1921-09-01
DE LAvvARE BANKERS
IN ANNUAL SESSION
At REHOBOTH BEACH
CONTINUED from paRs

1 ers Bank Mt Dover and counsel for the
/, Association. and George l.. Medill.
/, state bank cnmmlsaioner. for their
; very able assistance In framing and
; securing the enactment ofsthese most
+ desirable laws. The Committee ie
9 also very mindful of and heartily APP
precintes the splendid cooperation of
! tho officers and members of the as-
!. socistion.
: The parsnge of the above acts and
the act creating the office OF state bank
: commissioner, In 1919. completes the
associations Legislative program.
All OF these acts, together with
other laws of the State relating to
Banking, have been published In book
form By the state bank commissioner
under authority OF the General AS
sefnbly. and constitute n complete
Banking Code. which has been tho aim
of the Association.
IT seems proper 10 state. In this
4 connection. that eonformnhle to the
wishes of the Association. the Cen
eral Assembly declined to pass the
i following bills.
j A bill to abolish the Office Of state
bank commissioner.
A bill to tax deposits for the ptir-
i pose of creating a state guarantee
fund to protect depositors.
j A bill to require the publication aud
ultimate escheate to the state Of bank
deposits unchanged and UNCLAIMED
for a period of thirty years.
At the request of the Association,
banks. savings banks and trust COM
panies were exempted ffom taxation
under the act imposing an income
tax. entitsed can Act TO provide
Revenue for School purposes,1 passed
by the General Assembly, IL being
deemed unfair 70 impose this tax on
banking institutions In addition TO the
tax they are required TO pay under
other acts
It In also greatly to the credit OF
the association that Its active coop
erhtion, through It's committee ON
state finances, with the Delaware
State Survey Commission. and its
advocacy ef better methods of adj
ministration of state funds. contribut-
cd in no small measure to the passage
by the General Assembly ut its last
session of Gan Act 10 provide for the
1
for expenditures and revenue. and 10
establish Budget System for all
state Departments. Bureaus. Divi-
sinns. Officers, boards, Commissioners
Institutions and other Agencies re-
ceiving or asking financial aid from
the State of Delaware's1
Educational Problem.
Charles s. Conweil. vice president
Of the Baltimore Trust Co. Of Camden.
discussing the Educational Problem
| of Delaware said.
| According to the popular notion,
education consists in school houses.
teachers. books. certificates. dlplo-
mas and like paraphernalia This Is
| one kind of educa tion-the manu-
| featured kind the kind that Mr. Edi-
| son lately lambasted because Of much
poor workma nship. vet an indispens-
able kind. but often not tho highest.
/ Many things arc greater than what
iE commonly known as education and
10 should not be costly beyond its
worth Religion is greater--a soul
| anchor. IT has been said that natural
liability without learning is greater than
learning without natural ability. A
plain iliiterate man who does the plain
manual work of the world and there
by helps to feed and clothe the world
Is greater both In himself and in his
service than the so-calfed educated
man who aspires to possibly needless
tasks Economy Is greater than such
education without economy because
it co-operates with the work in the
necessary service of the world. Plain
solvency is greater than such educa-
tion. Better a competency of dollars
in the bank and the three RS in the
head than a dime in the bank with
learning in the head.
s"For state, except for its own
| life TO incur debts that make appro-
priations that cause unrest and inn
peril either its own or its citizens
easy solvency is not only doubtful
| wisdom but sure unwisdom. But this
unwisdom has of late in the opinion OF
many lifted it's ugly head above the
horizon in both state and nation.
"As to the public schools. let at
tendance be compulsory and let them
be thorough to the fundamentals
to qualify the child TO transact the
simple business of life and lay the
foundation for future culture in case
he has the ambition and initiative to
avail himself of the start given him
by the fundamentals. The difference
between a public school, academic
and collegiate education ds mainly
one of quantity. And since the guam
tity in either case is small, there would
seem no reason why the capable youth
lcannot grow in knowledge from a
small start almost as well as from a
start only slightly larger. And such
in thousands of cases proves true.
"As to a college or university.
let us have college proportionate to
the size of the State. A university
with its nexer-ending demands for
money, in a small State like Delaware,
lis unthinkable unless supported al
most altogether by private munifi-
Icence. If Delaware needs State uni
versity the State of New York needs
fifty universities. Many persons are
In doubt about its being the duty of
the State to make scholars of its chill
dren any more than it is its duty 10
make lawyers, doctors and preachers
lout of them. Let paternaiism be linn
tied; ii tends to feebleness, depend
ence and needless cost. The State can
not be e1Nected to take over every
thing. Initiative and independence tend
tc strength even as an oak sends its
roots deep toward Tartarus by wrest-
ling with the storms.
State Budget System.
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