Milford chronicle., 1923-09-14
Courtesy Every Evening.

our earnest support in the perform
ance of the difficult duties devOlvinj
upon him, and
Further Resolved, That to the be
reaved wife of our deceased President
his devoted helpmate, whose splendid
courage great suffering has won uni
versal admiration, we tender assur
ances of sincerest sympathy"
Honor Memory Of Dead Associates
Resolutions also were passed regret
ting the death of the following mem
bers of the association since the last
annual meeting: Daniel w. Corbit
Alexander P. Corbit, S. John Abbott
Ezekiel Cooper, William T. Records
John E. Taylor, John S. Mullin, Jr.
The visiting bankers were welcomed
to Rehoboth by J. H. Satterfeld, may
or. In his address of welcome, Mr..
Satterfield offered the suggestion that
branch of some bank be established
in Rehoboth. He pointed out the need
of such bank and said it would be of
great benefit in the future develop
ment of the city.
Successful Year
President Reed, in his report, said
that the banks are on better foot
ing this year than last year. In many
respects he said the business in the
state is much better. Although the
farmers did not do so well with some
crops, they were successful with
others. The fruit growers are also
doing well. He urged better economic
relations between men and suggested
some drastic law against the sale of
unsafe securities. He introduced Har-
old w. Horsey, State Bank Commits
sioner, who made a brief address.
The report of the secretary and
treasurer, Haldeman C. Stout, con-
firmed the report of a successful year.
He reported one new member of the
Delaware Bankers Association. This
new member is the Brandywine Trust
and Savings Bank, of Wilmington.
The report of the executive committee
was presented in which the associa-
tion was urged to do all it could to es-
tablish some legislation protecting
the security holder.
Greeting from New York City
George E. Allen, of the New York
City Bank Association also spoke to
the bankers. His subject was "Scutt-
ling the Ship of Fate"
There are two forms of government,
he said, the democracy and the mon
archy. A monarchy is like a big ship
sailing proudly until it strikes some
obstruction and then it sinks. Dem
ocracy is like log raft; it gets every
body's feet wet, but somehow it man
ages to keep ahoat. The trouble with
the world today results from the fact
that the statesmen do not take the
human element into consideration.
France takes Germany and wants to
humiliate her; Germany takes France
and does not admit that it has done
anything for which to be punished. |
Until the people of the two countries
are educated and their nature chang
ed by education all the statesmen in
the world cannot settle the disputes /
between these two countries. He said |
another danger presents itself in the
attack on the gold standard and if
such attack is successful it would set
the country back one quarter Of a
century.
The American people can always
be depended upon to settle the great
issues for the country. Mr. Allen said
he could see daylight ahead in the
between labor and capital.
The people are talking and as long as
people talk they will finally find some
end for their trouble. AS an example
Of this remedy he referred to the fact