Milford chronicle., 1928-10-05

/
| the number of work animals, labor
and other expenses. We know of
one instance where during the pres
ent year three and one-half acres of
tomatoes, well MANFRED, properly
fortified and well titled, produced
more than was produced ON twelve
acres, and conditions at the time of
blowing were equal. The crops
should be diversified as much as
| possible. Only the best of seeds and
plants should be used.
Your committee, therefore, rec
Ommends that every bank in the
State appoint a committee from its
board to cooperate with the farmers,
extend credits where credit is mer-
tied, and assist in every way posi-
BILE to tighten the burden of the
farmers and at the same time swell
his bank balance and thereby build
up stronger and more prosperous
banks throughout little state.
Tariff On Canned Tomatoes
Considerable attention was given |
to the request of Gamers that the |
association urge the tariff board at
Washington to take action to place
an increased duty on Italian toma-
toes which are being imported into
this country in large quantities.
There was considerable diver
gence of opinion among the MEM
bers on the propriety of the assO-
citation taking action on account of
only a small number of people, the
than cnlxrnc hnfVaor Of |
Walter o. Hoffecker, who is
Gamer as well as banker, made
strong speech in which he told of
the difference in cost of producing
italian canned tomatoes and the To- i
cal kind due to the lower priced la {
Dor and materials in Italy. 1t was {
inally decided to refer the matter Z
o a committee to consider and re- o
port later in the day. The committee 1
vas composed of Arley B. Magee,
lanes H. Hughes, Thomas r. In
Sram and Caleb M. Steward.
This committee later submitted a >
eport recommending to the tariff =
'oard that early action be taken on {
he petition of the Gamers, already V
efore the body, so that the presi-
ent, under the law, may give the d
elief which is sought
Address of Welcome H
At the opening of the session H tt
}. Ingram read an address of well
ONE to the delegates for Mayor li
'ingate who is ILL., Henry Ridgley, in
lie president of the association, re- R
lied for the 200 bankers who were &C
resent. re
George S. Williams made the re- fir
Ort on Education, telling of the De
DIRK which has been accomplished
building schools and improving
,hoOls.
John S. Russell made the report co
l Federal reserve in which it was
commended that the committee be NJ,
Hanged from time to time. d l'
Resolutions on Deaths EI
Resolutions were adopted, paying
ibute to the following bankers who Be
we died since the last annual lei
Getting of the association: da
William P. Bancroft, senior mem
+ of the board of directors of cal
curity Trust Company; Horace L. fa1
worth, director and member of
2 executive committee of Security Mr.
ust Company, and vice-president da1
the Brandywine Trust Company; of
Illiam Winder Laird, director and do,
'e-president of Wilmington Trust
William S. Hilles. direc- sne
and general counsel of Whining n
Trust Company; Townsend w. enc
Her, director of Wilmington Trust NJ.
mpany and Industrial Trust Com - ~
ny and member of the executive ~
nmittee of the latter company: ~,
Roy Harvey, former president of an y
Farmers Bank at Wilmington; mr..
liam dupont, chairman of the 1l1'
lrd of the Delaware Trust Com "u u
~; Charles J. Sudler, president ~ ~
the National Bank of Smyrna: D aI
bert Williams, president of the LEI
st National Bank of Milford: emu
-ncis NJ Soper, director of the M
aware Trust Company at Dover: spe'
rVey P. Quattlander, assistant MIS-
hier of the Millsboro Trust and and enjC
e Deposit Company, at MiIlsboro; M
to Edgar L. Stubs, cashier of and
Baltimore Trust Company at Geo
nden, who died prior to the last iil1==
ual meeting.
Charge for Small Accounts
ohm J. DriscOll, Jr., of PhiladeI-
1, made an interesting address on
nix Expenses and Profits" He
wed that in many cases a bank
Ewes less from a small deposit
it costs to carry it. He pointed
that banks could not really af-