Evening journal., 1922-12-18
INCREASE IN
BANK DEPOSITS
10 to 20 Per Cent. More
Depositors Also, Com
missioner Declares
70 SEEK MORE
RESTRICTIVE LAWS

Sank deposits in national and
late banks in Delaware increased
Y pproximately s1.500,O00 during
The year just closing while the de-
'ceits increased In numbers from 10
70 20 per cent. While these figures
IRE not official, the report OF George
=. Medill, State Banking Commis-
sioner made public several days
Nngo indicated that on Septem-
ser IS there was no deposit in
The state banks, the sum OF S65. :
100000 and in the National banks up
o June 30. the sum OF S2t. 900. 900.
Practically all the banks report an
increase in all branches OF their
business. a notable feature of which
has been the growing tendancy
among people Of moderate means 10
ay aside a part OF their earnings.
These depositors have steadily IN
creased in number as the employ
ment crisis waned. and every bank
has more depositors OF this class now
than at the beginning OF the year
Reports from the bankers credit
much Of the splendid conditions now
Instant 10 the unusually strong and
progressive banking laws now pre-
gailing in the State, which are gen
orally recognized throughout the
country as banking legislation OF the
1igest order. The enactment OF this
egislation Is credited 10 the active
,ampaign Of the Delaware Bankers
Association.
Tho
through the activities OF the asso-
clstion was the act establishing the
state Banking Department. in
charge OF a commissioner which
took the administration Of banking
affairs out OF the hands Of the State
Insurance Commissioner. This act
vas passed in 1919 and has proven
highly satisfactory
During the legislative session Of
1921, the new banking code was
passed, bringing into one measure
practically all legislation dealing
with the banks and trust companies.
This measure Is considered a model
enactment Of its kind. and some Of
Us features have been since copied
outside the state.
During the past year through
the establishment Of a closer relat-
ionship between the banks and their
patrons. the eale OF worthless stocks
and securities 70 the bank customers
has been considerably reduced. The
Delaware Bankers Association has
AIKEN a leading part in this move
nent and placards containing a
warning against such purchases
nave been posted In all the banks
with advice 10 Consult Your Bank
err before making such purchases.
II is likely that the State Bankers
Association will present a measure
to the incoming Legislature design
ed 10 wipe out the business in wild
securities" and providing drastic
penalties for those convicted Of such
practices
State Banking Commissioner
George l.. Mediil completed his in
spection Of the state banks and truet
companies Saturday, as provided
for under the act creating his Of
fee.
In commenting on the result Of his 1
Inspection Mr.. Medill made the fol-
owing statement:
Every State bank and trust COM I
pany has now been examined and 7
generally speaking. I have found B
are good. AS a result OF
my calls on the banks l have noted 3
that investment securities have IN
creased considerably in market value (
as compared with a year ago.
The increase in deposits has been
20 large that the banks have TO bor-
row only little money in New
York and Philadelphia. In every !
respect conditions are sound and !
here is in evidence a tendency /
pointing 70 a continued improve
meDt OF conditions"
During the year one new bank
has opened for business, the Brandy
wine Trust Company Of this city,