Every evening, Wilmington daily commercial., 1921-01-17

pike is an especially plcasirR ieatuie'
This. coupled with the comfortable riding
qualities, makes it possible for the traveller
TO enjoy the pleasures as wen as auVh..
tages of highway modern IN every respec.
and whose Only reminders of the FORMER
toll roads are the milestor cs, wmch nave No..
been preserved along the roadside, Inc
width of the roadway, Its slopes ana grass
areas, all form pleasing perspective,
which stands out on nackgrounu oI
roll;ng farm lands beautiful in their
seasonal coloring and dotted here and
then. with splendid country resder ces.
"It is quite evident that for civic devel-
opment and commercial advantage the
state is richer for this magnificent gift,
and il is impossible foi anyone using the
| road not TO feei greatly indebted to
Pierre S. du Port, its donor, whose gift
will remain cherished in the memory OF
many neraucns.
Mr.. Upham stated the kennett pike
provides an entrance to Wilmington OF
which any city or State could boast. 1T
links an increasingly important section OF
Delaware with that Of a richly developed
section of Pennsylvania" he said. So
cialIv il adds beauty and charm to that
section of the country; commercially ana
economically its Importance and value
would be difficult TO estimate
RANKING LEGISLATION.
State Bank Commissioner George l..
MediIl recommended the enactment of
bank law made UP of all the valuable por-
tions of the present bank law and such
additional provisions as may seem wise
TO the Legislature and the bankers OF the
State. He made suggestions as follows
| FIRST; Revising OF the law taxing
| banks. making it enforceable against
| national as well as State banks.
| Second. Making specific provision for
I the examination of trust departments OF
! national banks and establishing fee Tor
| the same.
| Third Providing that director of
| banking institution shall own at least $500,
par value, of its capital stock.
Fourth. Prohibiting bank loaning
on or owning on its own stock.
Fifth Modifying the law which limits
| loans to any one person, etc, TO I'D per
cent OF the banks capital and surplus
| Inv allowing loans as follows: Ten per
| cent of capital and surplus on unsecured
paper; 10 per cent additional on collatera!
| with about 20 per cent margin, or 25
.,er cent with collateral with about n 20
per cent margin when the person has no
| unsecured loans; no limit on loans secured
I bv State, county, school district and Unit
| cd States government securities with n
! proper margin.
Sixth. Providing for a five per cent
4 reserve for savings deposits ID commercia.
I banks ard savings banks
I Seventh Providing for every banking
institution to file with the bank commits
sioner certified copy OF its charter and by
laws and in case Of new banks requiring
that the bank commissioner make a pre-
liminarv examination and issue a certificate
of authority before they may commence
business,
Eighth. Limiting the amount of money
a bank may borrow based upon its capital
and surplus
Ninth. Restricting the words bank
Ind banking and trust to purely
banking and trust institutions.
Tenth. Giving the bank commissioner
more discretion in the matter of issuing a
certificate of authority for opening
branches, or limiting the number OF
branches one institution may maintain
Eleventh Prohibiting over-certlh lhcatlon.
Twelfth Providing for the appraise-
ment of doubtful assets OF banks
Thirteenth. Providing penal code for
defanlters, etc.
Fourteenth Fixing the responsibility oi
directors in case of insolvency of bank
Fifteenth Giving the bank commits.
sioner more power TO enforce the law anc
y good banking practices IN matters that
might vita!ly affect the welfare OF an IN
stitution.
MILITARY AFFAIRS
General |. Pusey Wickersham detailed
the work of the adjutaut-generals otfc'
! l. -. ION nj
Selective Service law in this State. Or
October q, 1920, when General Wicker
sham resigned on account of ill-heaith
the Organized Militia consisted OF on'
company OF infantry and supply de
{ tachment. aggregsting four officers anC
: 81 enlisted men. This company was or
, canized during the World War for ser
: vice within the State and by reason OF, IT.
presence IN the community served 8
useful purpose In view of the TACT thai
the emergency has ceased to exist 10
: which il was organized, General Wicker
! sham recommended that IT be mustered
; / out at the earliest practicable date anS
) | the officers and men be recommended 70
: faithful services Referring to the SGT
Pioneers. he said from all reports the,
r arolIitted themselves most credltably
Since May of 1919 the principal work o
the adlutant-general's S office has been col
Eecting data concerning the soldiers. sailor
and marines from Delaware vi DO served II
7 the World War and IN assisting them anC
, their dependents in settling claims aga :
, the United States In addition to this
: the State medals authorized by tn
General Assembly TO be presented 4
the Delawareans, approximately lUyOo
who served n the late war were by dlrec
ton of the State Medal Committee pre-
| pared for distribution at the adIutant
generals Office. In this work Captain
Henry c. Parker was energetic and dill
+ gent.
The records of service of those VIII
served in the late war are being received
from the several departments at Wash
ington, and in order that the adiutant
general may be in a position to turnisl
certified copies of the same General Wick
ersham recommended that the adjutant
generals Office be provided with th'
: necessary clerical force and facilities 70
the proper arrangement and safe-keeplnI
of these card records. He recommendet
that when al records have been received
and systematically arranged that the ad
: iutant-general be authorized to publish
} the names iD book form, together witt
otherdata in connection withthe services O
the young men in the great war. lie ais
recommended that the salary OF his SUE
eessor be increased.
STATE HosTIrAL.
The trustees of the Delaware Stat
AluI> ,>MLl> - S-L< *