Smyrna times., 1922-09-13
LOCAL BANKERS AT REHoBoTH
Number From Smyrna, Some Accom-
panied by Their Wives, Attend i


panied by Their Wives, Attend i
w. w. Hynson, cashier, and Howard
r. Jones and DIR. w. V. Messick, di-
rectors of the Fruit Growers National
Bank; Charles ]. Sudler, president,
and S. ]. Reynolds, James H. David
and Walter F. Keith, directors of the
National Bank of Smyrna, and DR.. C.
G. Harmonson, director of the Clayton
Bank, attended on Thursday the an
nual session of the State Bankers As
sociation which met at the Hotel Hen
lopen, Rehoboth. Grosneuor Dave of
New York, auditor of "The National
Business" was the chief speaker of the
day and gave an able address on the
Railroads and the public. The Bank
ers in session discussed a number of
important matters. 1t was decided to
place posters in corridors of banks and
along public highways warning the
investing public against wildcat"
speculation. Raids on savings of citi-
zens by get-rich-quick schemers dur
ing the past several months were SUBJ
ject of much discussion and a resolu-
tion was adopted ordering the posters
displayed. The sign will urge depos-
itUrs to consult bank officials with
whom they do business before invest
ing in concerns about which little is
known. After much consideration
over the advisability of calling upon
the Legislature to enact a law against
fraudulent "stock" statesmen and in
vestment concerns, the meeting decid-
ed to refer the matter for further
study and final action to the associa-
tiOn's executive committee. The COM
mittee intends to give the problem
early deliberation, A formal resolu-
tion was passed requiring business
men desiring to join the association to
obtain recommendations from at least
three reputable bankers. Prospective
members also must have been in the
banking business at least one year.
Elaborate Banquet Held at HenIopen
An elaborate banquet Thursday
night in Henlopen. Hotel attended by
more than $50 prominent business
men, formed the crowning feature of
the conference. In an optimistic dis
course on the coal situation, Noah H.
Swayne, End, of Philadelphia, declared
the State of Delaware must learn to
utilize the benefits of soft coal. The
bituminous product is just as profit
able in its results, Mr.. Swayne said,
if properly handled. There is plenty
of soft coal available and there is no
apprehension as to conditions this
winter, the speaker declared. Condi-
tions in anthracite fields are not near
ly as bad as have been reported, he
asserted. Howard o. Wolfe, of Phil
adelphia, gave a short talk on the ne
cessity of cooperation between farm
er and banker. He advocated an ed
ucational system. Hunter S. Marston,
New York, talked on trade conditions.
Officers Elected for the Ensuing Year
The annual election OF officers was
held at which the following, were
chosen: George T. Reed, of Milford,
president; Robert P. Robinson, of
Wilmington, vice-president, and Hal
deman c. Scout, of Wilmington, secre-
tary-treasurer. Following the election
of officers the following executive
committee was named by the associa-
ton: New Castle county-Ezekiel
Cooper, Wilmington; Joseph G. Brown
Odessa; A. w. Porter, Middletown;
David c. Rose, Newark; F. D. Janvier.
Kent cOunty-John Smith, Milford;
c. j. NSudler, Smyrna; George Massey
Jones, Dover; Charles S. Conwell,
Camden; John S. Mcbride, Frederica.
Sussex county-Joseph L. Cahall,
Georgetown; Philip L.Canon, Seaford;
John G. Townsend, Jr., Selbyville; H.