WEATHER FORECAST: FAIR.
WEATHER FORECAST: FAIR.
READ THE CITIZEN
SAFE, SANE, SURE.
READ THE CITIZEN
SAFE, SANE, SURE.
68th YEAR. NO. 51
HONESDALE, WAYNE 00., PA., WEDNESDAY, JUNE 28, 1911.
PRICE 2 CENTS
Ctttm
DUNMQRE TRIMS
HONESDALE 4-3
Two Hits and an Error
Reverses Score in
the Ninth
EACH TEAM HAD A SURPRISE;
WHIRLWIND FINISH TO A
GOOD GAME.
In a garrison llnlsh Dunmore de
feated the Honesdale baseball team
on the silk mill grounds here last
Saturday afternoon when a combina
tion of two hits, along with Sander
cock's fatal error, gave them two
runs In the ninth inning, enough to
win by a run.
Up to the ninth inning It was a
pitchers' battle, Hessllng getting, if
anything, a little the better of the
argument. In that fatal session,
however, the Dunmoreites succeeded
In reversing the score from 2-3 to
4-3, and clinched the game.
In the dodgers advertising the
game, a surprise was promised the
locals. The surprise was all right
one Chester Ross by name a cousin
of Manager Leon Ross, who played a
good game at first, accepting ten
chances without an error, and hitting
Knox the first time up for two bags.
But Dunmore had a surprise in store
for Leon Ross' little boys, and his
name was Pitcher Knox. Outside of
the first inning, when the Maple City
boys secured two hits oft his deliv
ery, he was as Arm as Stonewall
Jackson, being especially steady with
men on bases.
The game was late In starting, ow
ing to the fact that the 3:15 p. m. D.
& H. train was delayed by the heavy
Lake Lodore passenger traffic, and
the game did not open until twenty
minutes after four o'clock.
In the first inning Hawley walked.
Dooley was an easy out to Hessllng,
Hawley advancing. Loftus fanned.
On a wild throw to third to catch
Hawley, that gentleman scored. T.
Duffy was an easy out.
In their half of the first, Hones
dale went right out in front after a
very wabbly opening session by
" Shorty " Knox. Brader drew a
walk after Mangan had gone out.
Ross made his debut by slamming
the ball into left for two bases.
Sandercock repeated the trick with
a double to deep centre, scoring
Brader, Schilling got to first on
Knox's fumble. Polt reached first
on T. Duffy's fumble, Sandercock
scoring. Polt stole second, and went
to third on a wild throw. Jacobs
drew a pass to first. Polt was an
easy out in attempting to score..
In the second inning, only one
Dunmorelte, F. Duffy, by name,
reached first on a fumble by third
baseman 'Mangan. For Honesdale,
Dudley singled to left, stole second,
and died there.
It was one, two, three in the third
Inning, on both sides, and ditto in
the fourth.
In the fifth, for Honesdale, with
two out, Brader singled to centre,
but died there, the next man fanning
out. It was one, two, three, In the
sixth inning for both sides, and also
for Dunmore in the seventh. Hess
llng got to first on a grounder
fumbled by the second baseman.
Mangan filed to centre, and the
chances for scoring ended.
F. Duffy opened the eighth with a
single to left, after Cooligan ground
ed to second. Moran was out on an
easy grounder to short. With two
out, Knox and Hawley singled to
centre, F. Duffy scoring. Honesdale
was blanked in the eighth.
The ninth Inning opened with the
score 3 to 2 in favor of the home
team. Loftus started with a single
after Dooley grounded to Hessllng,
T. Duffy hit a long drive to right, ad
vancing Loftus. Then Sandercock
dropped a pitched ball, and before he
could recover It, the game was lost,
T. Duffy and Loftus both scoring,
McDonald and Colllgan fanned.
Honesdale threatened to tie the
score In the ninth, when W. Polt
reached first on T. Dffy's fumble,
and took second when Jacobs was hit
by pitcher. Dudley fanned, and
Hessllng obliged with a fly to Mc
Donald ending the" game.
DUNMORE.
R. H. O. A. E.
Hawley, 2b 1 1 3 0 1
Dooley, It 0 0 0 0 0
Loftus, ss 1 1 2 1 0
T. Duffy, 3b 1 1 1 2 2
(McDonald, cf ....0 1 1 0 0
Cooligan, lb 0 0 8 2 0
F. Duffy, rf 1 1 2 0 0
Moran, c 0 0 10 0 2
Knox, p 0 1 0 2 1
Totals 4 6 2.7 7 C
HONESDALE.
R. H. O. A. E.
Mangan, 3b 0 0 5 0 0
Brader, ss 1 1 1 3 0
Ross, C, lb , 1 M 10 0 0
Sandercock, c 1 2 8 0 2
Schilling, rf 0 0 1 0 0
Polt, W., 2b 0 0 1 1 0
Jacobs, If 0 1 0 0 0
Dud.fy cf 0 1 0 1 0
Hessli Jg, p 0 0 0 5 0
Totals 3 6 26 10 2
Out for Interference.
Dunmore ..1 0 0 0 0 0 0 1 2 4
Honesdale .30000000 0 3
Two base hits Ross, Sandercock.
Left on bases Dunmore 2: Hones
dale 6. Struck out By Knox 7; by
Hessllng 8. Base on balls Off
Knox 2; off Hessllng 3. Hit by
pitcher, jacoDs. Time 1:37. um
pire H. Balles.
Dies in Station After
Both LegsAre Cut Off 1
FRANK MOONEY, DUNMORE,
JOLTED FROM TRAIN AND' RE-
CEIVES FATAL INJURIES. '
A young man named Frank
Mooney, Dunmore, aged 2C years,
boarded an east-bound coal train at
his home Saturday afternoon en
route to Hawley, where he expected
to secure employment on the Wll-
sonville dam. In some unaccount
able manner he was Jolted from the
train at Wangum and both legs
were cut off. The left leg was sev
ered at the ankle, while his right
limb was cut off near the hip.
.Mooney was found lying alone-
side the track about 4 o'clock Sun
day morning and was brought to
Hawley and placed in the West Haw
ley station. He died about 6 o'clock
the same morning. His remains
were taken to Dunmore on the 10
o'clock train Sunday morning for in
terment. Horace Wizard's Home
Looted by Thieves
TAKE S200 in CASH AND JEW
ELRY LAST SATURDAY AF
TERNOON. Sneak thieves entered the home
of Horace Wizard last Saturday af
ternoon and stole In the neighbor
hood of ?100 in money, besides two
watches, fobs and other jewelry.
The Wizard home is located on
the road from the Erie watering
tank to Ferbers knob. The occu
pants of the house, Mr. Wizard and
his two sons, had left the house a
few minutes before the robbery oc
curred, sometime between the hours
of 5 and 6 o'clock.
Entrance was gained through a
rear window by removing a screen.
It is evident that parties who en
tered the house kept their eye upon
the premises and were aware when
the occupants left the house.
Mr. Wizard places his loss at
$200, half of that amount binc
taken in cold cash and the balance
in jewelry.
The arrest of a tourist, Monday
afternoon, is thought might furnish
some clew to the burglary.
COURT NOTES
"We'll hope for the best," was
District Attorney M. E. Simons'
comment on the, order drawn, on his
motion, by Judge A, T. Searle in
court Tuesday morning, releasing
a. j smmmei from the Wayne
county Jail under a suspended sent
ence, and paroling him In the cus
tody of Principal Harry Oday and
Sheriff M. Lee Braman. Shimmel
left the court room as unconcerned
as he had entered it. leavlne the
impression on the minds of the
spectators that he would probably
violate his parole again.
The Seelyvllle Independent school
district, which, has been in existence
since May 6, 1870, and whose legal
life terminates July 1, 1911, under
the provisions of the new school
code, passed at the last session of
the Legislature, was re-created
Tuesday morning, when after hear
ing evidence, In court, for and
against the proposition. Judce A.
T. Searle ordered the district at
torney to draw an order to that ef
fect. Judge Searle assigned as his
reasons for making the decree these
facts:
"It has been there for forty years.
They have had no trouble with
Texas township or themselves. This
district is a compact village on one
side of Texas township. The peo
ple in the district are almost un
animous in favor of forming this
district. There lo no opposition by
the people of Texas township or of
this district so far as we know.
They have maintained a good school
there and built a commodious school
house."
A. W. Eno, H. A. Dunkelberg, W.
Storks, Edw. Welsh and Chauncey
Purdy were appointed as school di
rectors by the court.
TEACHERS' EXAMINATIONS.
Those intending to take teachers'
examinations must now get a teach
ers' health certificate from a physi
cian, blanks for which can be had
of County Superintendent J. J. Koeh
ler. In order to get a teacher's cer
tificate you must be able to get the
following certificate from your phy
sician which reads as follows:
"I hereby certify that "Mary
Jane is neither mentally or physl
cally disqualified by reasons of tub
erculosis or any other chronic or
acute defect from successful per-
rormance oi the duties of a teacher,
A section of the school code also
says that a certificate shall not be
granted to anybody who has not a
good moral character, or who Is In
the habit of using opium or other
narcotic drugs In any form, or any
intoxicating -annus as a beverage.
Baseball Notes.
Luck was with Dunmore.
Dunmore made It two out of
three, winning one and losing one
here on Memorial Day.
Ben Hessllng pitched a good game
and deserved to win.
The crowd went wild In the ninth
Inning. It was a heartrending fin
lsh.
Dunmore has lost only one gam
so far this season, and that to
Honesdale,
The crowd could have been larg
er. Mangan played a good game at
third.
ARRESTED
01 THEJFT CHARGE
Said to Have Stolen Ra
zors from Hawley Firm
HAILS FROM WATERBURY,
CONN., AND IS TWENTY-l'OUR
YEARS OLD.
James O'Connell, who halls from
Waterbury, Conn., is in the Hones
dale jail charged with stealing ra
zors and knives belonging to Graham
Watts & Son, Hawley.
O'Connell was arrested in Pitts
ton on the 16th of this month by
the police of that city and placed in
the town lockup. The chief of po
lice communicated with Constable
Edward Richardson, the latter re
ceiving a card on Monday, cne 19th,
Inquiring whether or not G. Watt3
& Son, Hawley, had been robbed.
Constable Richardson replied, stat
ing that the above firm had not been
burglarized, but would make further
Investigations as to questions asked.
The Erie company, in the mean
time, had discovered that its freight
train had been robbed between Haw
ley and Lackawaxen and placed
their special detective, James Ben
der, upon the clue received from
Pittston.
The goods and box were Inspect
ed and found to be part of an order
consigned to Watts & Son, Hawley.
Detective Bender brought the pris
oner from Pittston to Hawley on
Saturday and he was taken before
Justice of the Peace W. B. Ammer
man for a hearing. O'Connell was
charged with selling razors and
pocket knives taken from an Erie
freight between Lackawaxen and
Hawley, the same being the prop
erty of Watts & Son. Justice Am
merman held O'Connell for the Oc
tober term of court. Detective
Bender brought the prisoner to
Honesdale Monday. O'Connell was
Immediately taken to jail where he
will remain until Fall. He is a
young man pobably 24 years of age.
His Yankee scheme did not work in
Pennsylvania.
Honesdale Visited by Dis
tinguished Guests
PRESIDENT OF THE D. & H. AND
OTHER RAILROAD MEN HERE.
Honesdale was visited Saturday
morning by several distinguished
guests. The party included L, F.
Loree, president of the Delaware &
Hudson system, New York city, his
daughter, Miss Louise Loree; C. S.
Sims, vice-president and general
manager, of Albany, N. Y.; C. E.
Burr, superintendent of the Penn
sylvania division of the road, Carbon
dale; J. J. Rounds, assistant train
master of this division, also of Car
bondale; Mr. and Mrs. Charles
Stuart, Westminister, Md. Mr.
Stuart is a director of the Delaware
& Hudson system.
The party arrived in Honesdale at
6:30 Saturday morning from
WIlkes-Barre on a special train, con
sisting of President Loree's private
car No. BOO, a regular day coach and
engine No. 454. The train was in
charge of a Carbondale crew, consist
ing of John Welch, conductor;
Thomas 'Mooney, trainman; Samuel
Banker, engineer, and J. L. Decker,
fireman.
The party went on a tour of In
spection after they had breakfasted
in the large and beautiful steel car
of the president, and motored
to White Mills in the automobiles of
Hon. E. B. Hardonbergh and J. D.
Weston, where they spent a few
hours at the Dorfilnger Cut Glass
establishment at that place. The
Dorfilnger concern furnishes the
Delaware & Hudson company with
glass supplies.' The party also took
with them souvenirs In the form of
rich and sparkling cut glass.
From White Mills the distinguish
ed guests returned to Honesdale,
were shown the beauties of the town
and then proceeded upon their re
turn trip, continuing in the automo-
biles to Farviow, where they spent
some time. After admiring the ad-
joining country from the majestic
Mooslc and visiting the new Crlnil-
nal Insane hospital in course of con
struction, the party took the special
train and started on their way to
Lake George whore a few days were
spent.
Outside of a tour of inspection
nothing could be learned as whether
there was another object in view,
but Honesdale Is satisfied even at
this kind of a visit. It adds dignity
to the community to have the presl
dent's car stand in the town, even
though for a few hours. Honesdale
welcomed the visit of President
Loree and his party and hope that he
will not forget this town and come
again. It Is the Delaware & Hud
son system that holds the distinction
of running the first locomotive on
the American continent and It was at
Honesdale, too.
In addition to the official party
were R, M. 'Madison, steward; E. E
Bonner, waiter, and Robert Jordan
valet. 'Mr. (Madison has been under
three high officials of the company,
namely, Horace G. Young, vice-presi
dent and general manager; David
Wilcox, president, and L. F. Loree,
the present president. He is very
courteous, obliging and easily makes
friends. He wishes to be remember-
, ed to his former Honesdale friends.
T A
FOR FIFTY
John E. Richmond's Re
cords Once Decided a
Civil Suit
RECOMMENDS PRACTICE TO
YOUNG PEOPLE AS GOOD
HABIT TO ACQUIRE.
For the past fifty years, John E.
Richmond, the well-known music
teacher of 918 Church street, has
kept a diary. This is a record which
is probably surpassed by no living
person in the country.
"Fifty years ago when I was at
Wesleyan University I started to
keep a diary," said Mr. Richmond to
a Citizen man who called on him
several days ago to find out if we
ever had such weather before in the
month of June. Before leaving the
weather question, this Is what 'Mr.
Richmond had to say on the subject:
Never had any such weather in
June!"
Harking back to the diary: "When
I left Wesleyan, that's in 1853, I
kept a diary. I went to New York
in 1854, and came to Carbondale in
1855, keeping a diary all the while.
I tell my wife," laughingly re
marked Mr. Richmond, "I may want
to prove an alibi some day. I always
leave a space.
"No man comes to me twice for a
bill. I always put down in my
diary .when I get money and when I
paid so and so, and how much."
Mr. Richmond's diary has figured
In Wayne county courts notably in
the case of the Vedder estate, when
a record in his little book was in
strumental In saving J. J. Curtis two
hundred dollars.
"When Vedder died," explained
Mr, Richmond, "A. Hartung and J.
J. Curtis were appointed adminis
trators of the Vedder estate. I was
In business at that time. Curtis used
to drop in and see me. He asked
me to keep his books. Hartung was
a German and couldn't keep accounts
in English. One day Hartung and
Curtis" came to the store, which, was
located' where the Wayne Co-Operative
store now stands and said: 'I
just paid ?200 to Gus. Hartung In
Kelpers store. I wish you would
make a memorandum of that.' So I
put in my diary ?200 paid by Curtis
to Hartung at Hotel DeKeipel, such
a date.' I put It on the diary from
a memorandum. When the admin
istrators came to settle up, Hartung
torgot he'd received S200, and Cur
tis came to me and asked me about
it. The case went to court. I was
subpoenaed. I showed the Judge
the entry in my diary and Curtis
won his case.
"There's nothing like It. I would
not miss It."
"If Mr. Richmond is out of town.
he wants me to keep a diary,"
laughingly interjected Mrs. Rich
mond, " and I don't get any commis
sion either!"
"I can see from my dairy who I
rode out with, who I called on, and
If I paid a bill," said Mr. Richmond.
"Would you advise a young
person to keep a diary?" asked the
reporter.
By all means," said Mr. Rich
mond. "Why I am at home with
that. That's authority. I am willing
to swear to what I write In there,
"I never missed a day excepting
when I was sick and my wife or
somebody else kept it for mo then.
"It's a matter of business. Why
where were you last year on such
a date? Let me see. Here's my
diary. That'll settle it."
Mr. Richmond cnerishes his dla-
rles very highly. In the front of
several of them appears this Inscrip
tion:
"A liberal reward will be paid for
the finding and return to John E.
Richmond of this book."
On the fly-leaf of one of the
diaries appears this fitting verse:
"Steal not this book
'Mine honest friend
Lest the gallows
Will bo thine end!
"For In that day
The Lord will say
Where is that book
You stole away?
"And you will say,
'I do not know,'
Then He will say,
'Go down below!' "
(with the figure of a hand affixed,
pointing downward).
Here Is another solemn warning:
"He who steals this Diary
In search of knowledge
Will end his days
In Sing Sing College."
Were Is another that is very
apropos In view of the widespread
religious unrest prevalent to-day:
"The children of the world and
the children of the church go to
gether hand In hand, but only the
good Lord who made them can tell
the two apart!"
But gracious me, Just to think of
it. Fifty long years with 365 long
days In each one of them 18,250
days. It's a lifetime!
"Magna pars erudltlonls est scire
allquld possls lnvenlre." And a
diary helps a whole lot. Begin!
EP
DIARY
AS
Hawley Man Found Dead
Near Stump
HARRY HAGAMAN, AGED 20,
STRICKEN BY APOPLEXY SUN
DAY EVENING.
The body of Harry Haga
man was found cold in death along
side a stump near his barn on the
Hagaman homestead, about a mile
from Hawley, Monday morning.
Hagaman and a few neighbors
were enjoying some refreshments
Sunday night. About 11 o'clock
two of the party went to their re
spective homes and left Hagaman
sitting on an old stump near the
barn. He evidently was stricken
with apoplexy shortly afterwards.
When he did not return to the house
his sister, Mrs. May Roberts, with
whom, the deceased made his home,
Instituted a search, which resulted
in finding him on the ground near
the stump.
County Coroner P. B. Peterson,
Honesdale, was called Monday morn
ing and deemed It unnecessary to
hold an inquest, as no signs of vio
lence or marks of any kind were
visible, pronouncing death to be due
to apoplexy.
Hagaman was about as usual on
Sunday, mingling with his friends
and neighbors and his death was a
shock to the community.
He was about 26 years of age and
was a son of Lee Hagaman, Hawley.
one brother, Frank, and a sister,
Mrs. Roberts, Hawley, survive.
Lutheran Sunday School
Children Hold Annual
Exercises
LARGE AUDIENCE HEARS PLEAS
ING AND WELL RENDERED
PROGRAM.
The Sunday school of St. John's
Lutheran church held its annual
Children's Day exercises in the par
lors of that edifilce last Sunday
morning at 10:30 o'clock, taking the
hour of the regular morning worship.
The attendance was good, and there
was a large number of visitors pres
ent. In the absence of Pastor C. C.
Miller, W. T. Heft conducted the
services. A very interesting session
was held. The following program
was rendered:
Recitation, "My Piece," Stanley
Hattler; recitation, "Roses," Doro
thy Hallett, Llla Cross, Frances
Presser; singing, primary; recita
tion, Flora Cassel; recitation, "Flow
ers and Children," Annav-Short;
singing, by school; recitation,- Mrs.
Hattler's class; recitation, "God
Loves the Children," Alice Berg
man; singing, school; recitation,
Mrs. Rehbein's class.
The following report was given,
six months ending Sunday, Juue 25:
Collection, ?50.62; general attend
ance of scholars, times present, 2,-
U84; absent, 1,304; teachers times
present, 318; absent, 60. Infant
class collection, ?14.22. There are
40 enrolled In the primary and 30 on
the cradle roll.
Mrs. Schwartz Is the oldest pupil,
being 79 years of age. She was re
membered with a beautiful bouquet
of red roses, 'while Bertha Schroedcr,
who Is less than three years, was
given a souvenir card.
Special invitations were extended
to the visitors to attend the school,
there being two large Bible classes
conducted for adults; one in English
by Prof. J. J. Koehler and another
In German by Mrs. Loercher.
TWO FINGERS AMPUTATED.
Umberto Clarlortnl, who is em
ployed at Tanners Falls by the
Relflers, had the little and ring
fingers of his left hand badly injured
by having a large stone fall upon
them. Dr. P. B. Peterson found it
necessary to amputate one digit near
the hand and the other at the first
joint.
Death of Hiram G. Terwilllger.
Hiram G. Terwilllger, a former
resident of Honesdale, died In Scran
ton, Sunday, June 25, 1911, in the
eighty-fourth year of his age. The
body will be brought to Honesdale
on the 9:55 a. m. Delaware and
Hudson train, Wednesday, for inter
ment in Glen Dyberry.
Wallenpnupack Plans Approved.
Tho ntnfn wntpr siinnlv pnmmls
slon has approved the application
for a charter for the Wallenpaupack
Power company, to operate In Lack
awanna county and for extension of
the supply of the Schuylkill Haven
Gas and Water company's sources
of supply.
SCHOOL CODE DISCUSSED.
A meeting of the school board of
the Honesdale district was hold
Tuesday afternoon at which time the
new school code was discussea
The matter of fixing the salary of
the school tax collector, which Is
something new, was acted upon;
also that of the medical Inspection
of the teachers.
"DRY" STATES THE ONES
THAT DRINK THE BOOZE
Washington, June 26. Approxi
mately 20,000,000 gallons of liquors
annually are shipped by express,
principally from mall order houses
direct to consumers in prohibition
states.
This startling fact was developed
to-day In an inquiry conducted by
the Interstate Commerce commis
sion Into proposed changes In ex
press classifications which resulted
In an advance of rat.es on packages
containing liquors.
SAY KEOUGH
WILL
iT OIE
Driver Injured in Sunday
Accident Recovering
TOURING OAR WITH FIVE PAS
SENGERS TURNED TURTLE"
ON WHITE MILLS ROAD.
That Michael Keough of Carbon
dale will not die as the result of In
juries received Sunday afternoon
about 4:30 o'clock at "Dead Man's
Bridge" about one mile this side of
White Mills when the large touring
car occupied by Carbondale people
turned turtle was learned Tuesday
from Dr. Powell of Honesdale, who
had Just come'' from a consultation
with Dr. Gavltt of White Mills.
At the time of the accident the
occupants of the car were Keough
who was driving, 'Miss Nellie Gal-
laghy, in the front seat; Miss Mary
Gallaghy, milliner, 'Mrs. William Mc-
Groarty of New lork, and Frank
P. Brown, a restaurant man of Car
bondale in the rear of the car.
From all reports it is learned
that the party were on their way to
Honesdale driving rapidly in order
to reach Carbondale by nightfall.
Keough i3 said to be a good driver
but he was unfamiliar with the
road.
At the turn In the road where
the accident took place, the car
rammed into the embankment,
throwing Keough against the steer
ing wheel and the other occupants
out of the car. Keough was ren
dered unconscious and sustained in
ternal injuries which have proven
less serious than was at first sup
posed. Brown sustained a broken
collar bone while the rest of the
party escaped with slight cuts and
abrasions.
It is not known whether the
steering gear broke or whether
Keough, seeing he could not make
the turn at the rate of speed he was
traveling, ran the car into the em
bankment. After the injured members ot the
party were treated, the party, with
the exception of Mr. Keough, were
driven to Carbondale In an auto
mobile furnished by Mr. Dorfilnger,
White Mills. The courtesy shown
by Dr. Gavltt, Mr. Dorfilnger and
other people of White .Mills was
greatly appreciated by the party.
The automobile was damaged to
such an extent that It is doubtful If
It can be repaired.
BANK DIRECTORS
MUST OWN STOCK
m
New Law Will Affect
Over 500 Banking
Institutions
MEASURE STRONGLY SUPPORT
ED BY THOSE INTERESTED
IN BANKS.
State Banking Commissioner Wil
liam H. 'Smith Is about to Issue no
tices to all State chartered banks,
trust companies, savings Institutions
and other financial concerns coming
under the 'State banking laws that
the provisions of the act of June 3,
requiring directors totake oaths of
office and to be ovjSrs of at least
auu oz unnypomecaieu siock in
their own right are now In force. The
directors assuming office at the next
reorganization will be required to
conform to the law and to take
oaths according to a form to be Is
sued by the State authorities.
The law will affect the directors
of 307 trust companies, 115 State
chartered banks Incorporated since
1874 and thirty-seven operating un
der special charters as well as such
savings institutions and private
banks as are under State supervision.
A number of trust companies now re
quire that their directors must be
owners of at least ten or more shares
of stock and to take oaths of office
and several of the best conducted
have commended the bill because it
would not only tend to hold direc
tors to strict accountability, but
would dignify the system. Pennsyl
vania leads In trust companies and
many bankers have assured Com
missioner Smith and other State offi
cials that the law would be benefi
cial. In fact no opposition to it
cropped up In the session and It was
strongly supported by men Interested
In banks.
Under the provisions of such a law
It would be Impossible for men to be
advertised as directors without own
ing stock or even knowing that they
were directors as was the case with
the American Trust Company, Phila
delphia, closed last year. Every di
rector must swear In addition to in
tention to honestly administer affairs
of the corporation that he "is the
owner, In good faith, and In his own
right, of shares of the capital stock
subscribed by blm, or standing In his
name on the books of the corporation
of which he has been appointed or
elected a director, the par value ot
which shall aggregate at least 7300
and that the same Is not hypothecat
ed or In any way pledged as security
for any loan or debt."