Milford chronicle., 1923-09-14

that some great concerns are becom
ing industrial republics and are sell
ing their stock to their employees ant
patrons. He suggested cooperative
farm marketing. He condemned tn
bankers who fight the Federal Re
serve System and declared that the!
are just as bad as the reddest Red il
Russia.
A resolution was passed authorizing
the executive committee to find means
for supervising the marketing o
stocks and securities. Another reso
luton was adopted providing for thu
establishment of basic schedule o.
fees for the managing of trust funds
This was referred to officers of the
executive committee and the advisory
committee. Both resolutions were pre-
sented by Thomas R. Ingram.
There was an address by R. Ray
Williams, treasurer of the Shenandoah
Valley National Bank of Winchester
/ Va. Mr.. Williams in his address en-
phasized the danger to prosperity.
Mr.. Williams spoke on tra1sporta-
| tion. He emphasized the danger to
property by radical amendment OF
act has promoted the financial stabil-
ity of this nation, and that it was
adopted after ample investigation and
study. while Europe totters on the
brink of ruin, while radicalism runs
riot, this is no time to dicker with
the foundations of our financial faith, "
he added.
At the request of DR.. Harry V. Hol-
loway, of the State Board of Educa-
ton, the thrift committee of the asso-
citation was authorized to cooperate
in conducting a thrift campaign in the
schools of Delaware.
The afternoon session was closed
with the naming of the nominating
committee, which reported at the ev-
ening session, devoted to the annual
dinner, which was opened with invo-
cation by the Rev. W. E. Grant.
John S. ROsseII'S Address
John S. Rossel, president of the Sc
curity Trust Company, Wilmington,
spoke on Patriotic Trusts" During
his address he said:
"a trust is created, under and by an
instrument of writing, to hold proper
ty, in any form, separate and apart,
to be administered for certain speci-
fed purposes. The trusts I wish to
propose will be distinctively patriotic,
established in memory of Delaware's
noble sons, who died in the World
War. The instrument of writing un-
der and by which each of these trusts
will be created will set forth the rec
ord of the deceased and will provide
for the awarding of an annual prize
or prizes in his honor to one or more
graduates of the school which he last
attended. The trust fund will be such
amount as may be contributed by the
family or friends of the deceased, or
by the community at large in which
he resided. The trustee will be bank
or trust company in that community.
The prize or prizes will be of such de-
sign and material as the income de-
rived from the trust fund will pur-
chase, or may be in cash.
"In this way due honor will be
done our boys who gave their lives in
the country's service and the patri-
otic spirit they so gallantly displayed
will be kept alive as an inspiration to
the present and coming generations,
to the end that they will be ever 10y
al to our government and will never
falter when called to service under
the flag, for its defense and to uphold
the honor and dignity of the nation.
Pioneer "PatriOtic Trust"
There is one such trust now,
known as the Jacob Ferdinand Speer
Memorial Trust'-the only one, so far
is have been informed, in Delaware.
It was created by the family of the de-
ceased to perpetuate his memory and
o make a permanent record of, his
leroic action in battle and Of the SUI
Dreme sacrifice he offered in his coun-
ry's cause. Every year two gradu-
ties of the Wilmington High School
eceive prizes under this trust. Every
ear the students of this school are
eminded of the patriotic devotion of !
his splendid young man to his native
and.
"The name of Jacob Ferdinand
peer, and the names of two hundred
nd sixty-one other brave Delaware
oys who died in the uniform of our
eloved country and under our glori-
us flag, are inscribed in imperishable
ronze on memorial tablet that en-
one of the pylons of the
eautiful Washington Memorial
ridge that spans the historic Brandy
inc at Washington street in Will
lington. AS thought these heroes
spoke the words, above
leir names is inscribed this line from
Theirs but to do and die"
very Memorial Day veterans of the
ars in which our country has en-
aged and liberty-loving citizens, as
smble before this memorial tablet,
y garlands at its base, and join in
.ligious service in revent memory of r
lese young men. III
"This, my friends, is the real test of
IT devotion, as it is the high purpose
the Patriotic Trusts Let us es-
'blish these trusts throughout the
ate; let every school that has to its
edit a World War hero bring him
lck in sweet memory to live again ii
spirit among his own people; and II
the story of his great deeds is I'M II
lded, year after year, and the glory II
his name and fame is made known, ii
Id school children will reafirm their II
ith in the fundamental principles
our great free government and
edge themselves anew to defend it
lth their lives, their fortunes and
cir sacred honor III
'OfesSOr Huebner on Worthless Stock III
Solomon S. Huebner, professor of
surance and commerce in the Uni
n