Every evening, Wilmington daily commercial., 1922-03-03
STATE BANKS IN
GOOD CONDITION
According to the Annual Report
OF Commissioner G. L.
Medill.

Of state Bank Commissioner George l..
Medill. presented at the State Bankers
meeting yesterday al the Hotel du
iont. there are 40 state banking In
stitutions. including branch Offices,
activity engaged In business within
the State. with combined total re-
sources OF sIs.&.S.97&.si.
There are Gil Delaware companies.
the report shows. having tho word
Trust" as a part OF their name that
an, not engaged in banking or trust
business within the state. but must
report 10 the Office of the State Bank
Commissioner. There are IS national
hanks within the state. with total re-
sources of s2i .5o6.i4s. The only re-
lation that the state baal; commission
sr has with these institutions. accord
ing TO the report. ia the examination
OF their trust departments. the coli
lection OF taxes assessed against their
shares Of capital stock and calling
upon them FOR such reports as may be
DEEMED for the public good
The total deposits OF ali state bank
ing institutions as OF December 81.
1921, were s7o.45s.as being de.
crease Of s6.Si4.s75.S. as compared
with December 81. 1920.
Tho Legislature of 1921 enacted
considerable important legislation re-
lating to banks. the most inporta Mt
OF which was n comprehensive bank
act and an act taxing the capital
stocR Of banks and savings institu-
siuns. The latter taxes the shares OF
capital stock OF national banks. thus
successfully solving n problem that
had been n matter OF much litigation
throughout the country.
The tax law, above referred TO
brought a total revenue TO the State
Vr the year. OF ss2.seb.s5 which. the
report shows. is sll.sSl.&2 in excess
Of that collected during 1890.
In his report TO Governor Denney
no recommendation for any additional
Legislation had been made by Mfr
Medin In his report OF Building anS
Loan Association Mr. Medill points
cut the Importance OF home-saving
and home owners.
Building and loan associations. Mr.
Medin declared. provide an instru-
ment for systematic saving for tn,
people OF the State in a safe form an:
Yield often better than six per cen
upon the funds invested. The chic
purpose OF such institutions. othei
Than that encouraging thrift. is I,
furnish credit facilities for hom
building and home buying.
AZ this time. according\tD the Al
nual report. there are "a building an,
loan associations actively engaged 3
business within the state. shown,
combined resources OF s3.es5.52 OF
Of which s3.7s7.s5s.Tr is invested Il
leans &c members.
In Wilmington alone there are 81,
20 these associations with resource
81 Sl.717. 1881: rural New Cast
county. with nine associations. has re
sources amounting to Sl.3I2.Io777
Kent county. four associations, witt
county. Ave association. with resour
eos az s?0s .ss5Is
The following banks were repre-
sented:
Wilmington Savings Fund. Centrs
National. Artisans Savings. Securit
Trust. Wil. Trust. Wi. Morris Plai
Delaware Trust Union National, Equit
able Trust. Farmers. Wilmington
First National Bank Of Delmar, De
mar; Peoples National. Delawal
Trust Co. Laurel; Delaware Trus
Milton; Delaware Trust. Dover: Fir
National. Milford Trust. Milford: New
port National. Newport; Fruit Grow
yrs. The National. Smyrna; Delawai
City National. Delaware City: Greer
wood Trust Co., Greenwood: First y;
tional. Frankford; Delaware Trus
Georgetown: FIRST National. Delawa
Trust Co. Seaford: Delaware Tru
Co. Millsboro: New Castle Count
National. Odessa Baltimore Tru
Co. Bridgeville; Sussex Trust c,
Dciavare Trust Co. Jewes: Ne
castle Trust Co.. New Castle; Del.
ware Trust Co. Frederick: West Dow
Trust Co. First National, Farmer
Dover: Baltimore Trust Co. Bait
more: Clayton Bank. Clayton: Del
ware Trust Co. Peoples Nation;
Middietown; First National. Wyor
ing Newark Trust and Safe Depo:
Co. Farmers TrusS Co.. Newark: Fe
ton Bank. FELTON,; Ranking Commi
sioner George i. Medill.