Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-06-06

feature " the Chattanooga conven-
ton will be the prize essay contest There
are eighteen entries in the contest for the
prize offered by the institute for the best
essay on the proposed central bank OF the
United states. There are other contests
on more technical subjects and also con-
test with numerous entries for the Chap
man prize In eXtemporaneous speaking.
The prizes I'm these contests VIII be
awarded by committees Of eminent bank
ers. lawyers and educators. The contests
have been arranged under the supervision
of George f. Allen. educational director
OF the institute. who also Is in charge or
the institute courses OF study.
Another feature OF the convention will
be a session devoted to symposium Of six
practical banking questions The practical
nature OF these discussions is indicated by
the subjeots-"what is the Best System OF
Handling Transit Items?" The Problem
of the Exchange Charge which Arises In
the Collection OF Country Checks; "Sug-
Rest a Plan for a Clearing House OF
Credit Information in Each Locality;
Advisable Changes in the National Bank
statement" and others OF the same gem
eral nature. ..-f. ..-...
while the convention will hear several
speeches by prominent bankers and pub
lie men, the greater, part OF the Discus
sions will be solely in the hands OF the six
hundred actual working clerks and junior
officers attending as delegates represent
ing the local and the correspondence chap
ters. The kenypote Of the meeting will be
practicability.
At it's convention in Seattle last year.
the institute declared by resolution that It's
paramount object is to maintain recog-
nized standard of education In banking
and finance and commercial and banking
law, by means of B. uniform course OF IN
struction, official examinations and the is
suance of certificates. To qualify students
for examination, the institute provides
courses of study through alliances with
universities and correspondence schools
such as have accommodated their facilities
to meet the requirements of the institute.
Thus In cities where suitable schools OF
banking and finance and law are situated,
ARRANGEMENTS are made for the conduct OF
study classes by professional instructors.
The chapter class work in this collegiate
method consists of lectures and examina-
tions. supplemented by textbook work.
Under the correspondence method, individ-
ual students outside of chapter cities may
take the complete course as outlined by the
institute from one OF the leading cores
pondence schools of the country.
In addition to these two methods, the
educational director of the institute con-
ducts chapter class work directly by corres-
pondence with the individual chapters. The
director sends out courses of lectures and
such textbooks as may be required. Under
this system, some chapter member is Sc
Iected TO read the serial lectures and to
conduct the quizzes, for which he is sup
piled with a key for his personal use.
Under this plan, final examination for GER
office of the educational director in New
York, and a certificate issued by the
American Bankers association
| This educational work Is paid for largely
| by the membership dues Of the chapters,
! supplemented by an annual contribution
voted by the American Bankers associa-
ton The institute is itself the outgrowth
! of a movement founded by the Bankers
association in 1901, for the purpose of pro-
noting the interests of bank employees and
developing the spirit of fraternalism among
| the younger men in the banking business.
The educational feature was contemplated
from the beginning, but It long since has
surpassed the greatest hopes OF the men
who first began. the work. Perhaps no
other organization representing the junior
element of a profession or business is SO
highly developed or so successful in am
bilious undertakings.
| Local chapters now exist in fifty-seven
cities and new locals are being organized
wherever there is a sufficient number OF
banking men eligible for active member
ship. The Chattanooga chapter, now host
of the national institute is one Of the new
est local organizations.
The next annual convention probably will
| be- held in Rochester. an active campaign
having been instituted to that end by the
Rochester chapter some time ago. The
institute is an organization Of active and
aggressive young Americans, and 1t has
proved itself a type Of characteristic
American success in the eight years Of its
life as a national organization. The Chat
| tanooga convention marks high tide In its
! affairs.
BY FEEpERIo ]. HAsKIN.
Tomorrow--Anti-smoke Convention