Bridgeton pioneer., 1916-03-09
BANK TO EDUCATE
BOYS IN Finance
New York Institution to Award
F0IIOWShips Each Year.
TO TEACH PRACTICAL DETAIL

Offers $50 Month to Young Men Who
Study and Work-After the First
Year It Is Planned to Furnish Per-
manent Positons-CoIleses and Busi-
ness Men Cooperate.
The plan of the National City bank
of New York for bringing the univer-
sites of the United States into closer
touch with the needs and demands of
the commercial institutions of the
country and for the purpose "of help
ing university students to choose their
yocations and to enable the institution
itself to select specially trained men
for its foreign and domestic service"
has been announced.
The bank proposes the establishment
Of business fellowship. which will
enable certain students selected by
colleges to spend one year in the bank
during their four years or more in col
lege. In consideration of the practical
work and certain courses Of study pur-
sued while there. the universities have
with their classes, all other conditions
having been fulfilled.
At Start $50 Month.
Under the plan the National City
bank agrees to pay each student in
connection with this fellowship $50 a
month for the first twelve months in
its employ. with an opportunity to ell.
ter the permanent service of the bank
at the end of that time, provided there
is an opening and the student has sat
isfactorily passed the requirements of
the bank and his university as well.
The bank further agrees to allow the
student a sum not to exceed $50 for
railroad fare to and from his univer-
sity and the bank, it being understood
that this does not cover more than two
trips to and from the bank and applies
only to those students accepted by the
bank
The conditions governing the selec-
ton of the students are in brief as
follows:
The university shall select and rec
Ommend to the National City bank
each year certain students who have
completed two years or the equivalent
of their collegiate course and certain
graduate students especially qualified
for banking service. Selections shall
be made without regard to the stu
dents financial condition. They shall
be on the basis Of character, personal
1ty, natural ability. scholarship and
probable fitness for banking service
How the Youths Will Work.
The students accepted by the bank
will apportion their one years time in
the following ways:
Undergraduate students entering
upon their collegiate course in the fall
shall spend two summer vacations of
approximately three months each at
the bank between their sophomore and
junior and their junior and senior years.
The remainder of the required year
may be completed in the first or sec
ond semester Of the senior year or i'm
mediately after graduation.
Graduate students shall spend at
least one summer vacation. prefera blv
two. at the bank in their graduate
course and shall complete the remain
der of the required year Immediately
upon finishing their course
Should it seem inadviSa BILE for a stu
dent from the middle west. west and
south to return east for two summers
1t shall be arranged to have him work
his first summer in large bank in his
home section. 1t might even be ac-
ceptable in some cases if the student
in lieu of three months in the bank
spent the same time in a commission
house. a bond house. United States
custom house. a forwarding company,
brokerage house or in some form of
executive work.
A recommendation from the stu
dents employer shall be required as
requisite to enter the second summers
class
During the twelve months of service
with the bank the student. besides his
practical work. will pursue certain
studies prescribed by the bank with
the advice and cooperation of the uni
versity. The course OF study will be
under the supervision of the university
committee. composed of representa-
tiyes Of the leading eastern universi-
ties in and near New York city. work.
ing in conjunction with officers of the
bank