Evening journal., 1921-09-01
SHOWS NEED or NEW STATE


is large from all parts OF the Stale.
George Massey Jones. of Dover.
president Of the association, oc-
cupies the chair. Tonight there
will be a banquet at which Elisha
Lee, of Philadelphia, vice-president
OF the Pennsylvania Railroad, will
speak on railroad conditions in the
country; Harry Mayer, of Dover,
will discuss Business Conditions in
the East" and former Congressman
L. Irving Handy. OF Smyrna. will
deliver an address on Character as
an Asset for Bank Credit" Elec-
ton of officers will follow.
A feature OF the session this after
noon was a tribute paid to John II.
Dandy, late president OF the Union
National Bank of Wilmington, one
of the organizers of the Bankers
Association, at one time it's president
and for many years its secretary
treasurer. A minute in his memory
adopted. said in parti
Tribute 20 Mr.. Dandy.
"He could have risen TO national
prominence, but he did not seek
honors; he preferred the land of his
birth and chose 10 give his life to
his own people. He was none the
less a great man, because he for
feited greater opportunities and
lived and labored and passed to his
reward among his kindred and his
friends
IF we find II dificult to under
stand why man so needed In these
times should be taken away. in the
very midst OF busy and useful life.
we can only bow reverently to the
inscrutable designs OF a Kindly
Providence. and cherish with ad-
miration and affection the memory
of him who was one of our best and
most devoted associates.
"We offer this tribute with senti-
ments OF sincerest personal regret
and sorrow and in the spirit OF true
est loyalty to great and good
friend"
An extensive report was made by
the legislative committee. OF which
Jonn S. Rossoil. president OF the Sc.
curity Trust Company OF Whining.
ton, is chairman. In which the work
OF the last Legislature in reference
to financial measures was reviewed
Miller Dissects State Finances.
Former Governor Miller in his
address on "The Budget System Of
Delaware" said in part:
"One OF the questions which wal
frequently discussed during the las
General Assembly was the probabl,
revenue OF the state for the next tw,
years. Governor Townsend submitted
to the General Assembly a statemen
OF the general fund. showing revenu'
and expenditures for the previou
four years, and to some extent tn,
estimates for the two ensuing years
The total revenue for the genera
fund for the years from 1917 to 1872
was given as follows: 1917. 1857.
$50; 1918. s1.S45.097: 1919, So.
793,414; 1920. s5.794.170; 1921. SO.
COS. .362 (estimated); 1929. s3,o3O.
43S (estimated)
"But there was little inclination oi
the part OF many TO accept these fg
ures. other estimates were made
: other figures compiled. and a genera
e disagreement OF facts was displayed
e. "An analysis of the amounts fror
A the largest sources of revenue 70
e the year 1921 shows the followin
8 order;
Z 1.-THE largest source OF revenu
4 was from corporation charters
which amounted to s1.236.6s4.
Incorporation franchise tas
sss5,sO1.
"3-Auto license. s329.9S0
"4-Income tax. S277.195.
"5-Licenses and fees (coilecte'
by Clerks of Peace. tt62.631.
"6-Insurance and Banking de
partments. s12T.52s.
80 - Fees. Secretary OF state
s121.2O7.
TT is impossible to intelligent
discuss the problem OF the State
revenue without referring to the cor
poration charters. In 1919. foreig
corporations paid 49.7 per cent q
, the total amount paid into the ger
eral fund, excluding the bond aC
count OF the Highway Department
Much the same would he found tru
OF 1920. IL we had figures; and sti
there is complaint about taxes
y Delaware, even though 49.7 per cen
u OF the revenue OF the general fur
, for 1919 came from the Golfers
'e foreign corporations. Suppose q
le Federal government should pass
national incorporation act. depriviT
lie the States OF the right to issue cha
h. ters. Since this subject has been fr
n, quently and seriously suggested, sue
ns procedure is not unlikely; in whi'
r our State would be such that furth
ls comment here is unnecessary.
"The Income Tax has been us'
" to support the Highways and Il
a. schools. In 1917 the income d
O. netted ss99.055. In 1913 the rev
nue. from this source was s321.51
In 1919, s279.0s2. In 1920. S27'
195. The figures show a reducti'
from this source OF revenue of s12'
SEQ from 1917 to 1920. II is repoi
cd that the State Highway Depai
- ment is in need OF S175,000 add
j tionaI to meet outstanding contra'
I and necessary expenses. We shou
u not envy those who have the respo
sibility for these matters; but th
must be met-and you can well
ford to give most careful thought
es the subject.
Ir- with the two sources OF revn
n corporation charters and the
We come tax-uncertain quantities, a
representing the largest and foui
= largest items in the States reven
lis the outlook is not promising. A
when we recall that so per cent.
RS. tbe revenue for the general fund