Smyrna times., 1930-09-10
BANKERS Of STATE REFLECT
OFFICERS At REH0B1IH
FRANCIS DE HAVEN JANNTER
REMAINS AS PRESIDENT

Gilbert Stephenson Speaks on Re-
Iationship of Banks and Busi-
ness-To Probe Mergers
The annual banquet of the Del
aware Bankers Association was
held Thursday night at the Hotel
Henlopen, Rehoboth. Gilbert H.
Stephenson, vice-president Of the
Equitable Trust Company and
vice-president, trust division, Am
erican Bankers Association, was
the principal speaker at the ban
quet, which closed the annual
meeting of the association Thurs
day. Mr.. Stephenson spoke on
The Banker and Business" At
the banquet, the officers of the as
sociation, all of whom were re-
elected, were installed in their of
fees. They are Francis deli. jan
vier, president, who presided at
the meeting Thursday afternoon
and the banquet Thursday night;
J. Edward Goslee, vice-president;
Warren K Ayers, secretary and
treasurer. The executive commit
tee consists of Caleb NJ. Steward
Thomas Ingram, Howard M.Buck-
son, and Haldeman c. Stout Mr.
Janvier made brief address in
which he thanked the members of
the association for their coopera-
tion during the past year. The
advisory committee consists of
five members from each county
and those for New Castle County
are: Henry T. Bush, of the Farm
ers' Bank, Wilmington; Frank V.
DUPONT, Equitable Trust Company
S. D. Townsend, of the Whining
ton Trust Company; Scott G. Bak-
er, Delaware Trust Company and
Warren a. Singles, Newark Trust
Company. Kent County: Walter
o. Hoffecker, president of The
Fruit Growers National Bank and
Trust Company. Smyrna; Charles
S. Conwell; William D. Denney,
Frank c. Bancroft, and John w.
Herring. Sussex County: Harry
w Viven; DR.. William P. ORR
William S. Lord, William V. Sip
pie and DR.. Roscoe Elliott. Levi
L. Maloney, of the Security Trust
Company, Wilmington, was nam
ed State vice-president of the
American Bankers Association.
Robert P Robinson, Central Ma
tional Bank, Wilmington, was
elected ce-president, national
bank division of the American
Bankers Association, for the
State. Solomon L. Sapp, Peoples
Bank, Harrington, was elected
vice-president of the State bank
division. Richard Reese, Equit-
able Trust Company, Wilmington,
was elected vice-president, trust
company division. Frederick E.
Stone, Wilmington Savings Fund
Society. was elected vice-presi-
dent savings bank division.
George T. Read, Milford Trust
Company, was elected a member
of the nominating committee and
DR.. U. w. Hooker, Sussex Trust
Company, Lewes, was appointed
alternate member. The sessions
of the meeting were opened by an
address by Mayor Ralph D. Poyn-
ter, of Rehoboth, who welcomed
the bankers to DeIaware's only
ocean resort. Mr.. Janvier made
his report, and the various COM
mittee reports were made. AL
exander Wall, of Lansdowne, Pa,
secretary-treasurer of the Robert
Morris Associates, made an ad-
dress on the recent depression of
the stock market. Resolutions
recommended by John S. Rossell,
of the Security Trust Company,
to the effect that the advisory
committee of the Delaware asso-
citation be authorized to investi-
gate and make recommendation
on the branch banking business
and merging of banks, particular
ly as these processes may threat
en- the territory of the Delaware
bankers from outside sources,
were adopted.