Smyrna times., 1923-09-12

would be bank or trust company in
that locality. Mr.. Rossell said: "The
trusts l wish to propose will be dis
patriotic, established in
memory of Delaware's noble sons,
who died in the World War. The in
strument of writing under and by
which each of those trusts will be
created will set forth the record 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 re-
sided. The trustee will be a bank or
trust company in that community. |
The prize or prizes will be of such |
design and material as the income |
derived from the trust fund will pur-
chase, or may be in cash.
Keeps Alive Memory
"In this way, due honor will be done
Oul OOJo WIN gave LliCll lANCo III A4AC
country's service and the patriotic
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 loyal to
our government and will never falter
when called to service under the Flag
for its defense, and to uphold the hon
or and dignity of the Nation. There
is one such trust now, known as the
Jacob Ferdinand Speer Memorial
Trust"-the only one, so far as | have
been informed, in Delaware. 1t was
created by the family of the deceased
to perpetuate his memory and to
make a permanent record of his he
roic action in battle and of the su-
preme sacrifice he offered in his coun-
try's cause. Every year two grad
yates of the Wilmington High School
receives prizes under this trust
Every year the students of this school
are reminded of the patriotic devotion
of this splendid young man to his ma
tive land. If the dead could speak
they would doubtless say: That is
good; but we long to go back to the
old homes, among those we knew and
loved so we'll; take our names there
and write them in the records and
paint them on the walls of the dear
old schools, in the town or country
side, where we spent so many happy
days of our young lives, and where
our relatives and the companions OF
our bOyhood live, and let them read
that they may know and they may
say of US that when the supreme test
came we did not falter, but cheerfully
gave our all for them and for oul
| country.
Calls 1t patriotic Trust"
"This, my friends, is the real tes
of our devotion, as it is the high pur
pose of the Patriotic Trust Let u
establish these trusts throughout tn,
4 State; let every school that has to it.
" credit a World War hero bring hin
y back in sweet memory to live agail
II in spirit among his own people; AM
VI as the story of his great deeds is un
N folded, year after year, and the glor
RI of his name and fame is made know
M the school children will reafirm thei
faith in the fundamental principals o
our great free government and pledg
themselves anew to defend it wit
their lives, their fortunes and thei
s. sacred honor"
During the dinner officers for tn
o. State Association were elected for tn
l. ensuing year: Robert P. Robinson
ir Wilmington, president; Walter "
IS Hynson, Smyrna, vice-president, an
be Haldeman c. Stout, Wilmington, SEE
u retary and treasurer and the follow
Mt ing were elected to represent Dela
Mt ware in the American Bankers AssC
v; citation: John S. Rossell, Wilmington
rv vice-president; Thomas G. ingram
e. Lewes, alternate; G. r. Reed, Milfor,
is vice-president,tr trust company division
he Robert d. Kemp, Wilmington, vict
is president Savings Bank Division
or John B. Smith, Milford, Nations
wv Bank Division, and George L. Medil
he Wilmington, State Bank Divisio
of DIR. Soloman S. Shubner, Phi. D., il
IS. structor in banking and insurance
nd the Wharton School of the Universal
be of Pennsylvania, spoke on "Duties
W. Bankers in Delaware in Preventir
ee the Sale of Worthless Stocks al
or Questionable Securities" DR.. Schu
is ner said that every buyer of stool
should first consult his banker befo
investing his money and the peop
should be educated to be on the loo
re out for such questionable investment
Ig- Following his address, a resoluti'
air was passed urging all State banke
re to display conspicuously notices
their institutions suggesting their p