New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1922-07-09
A SOULLESS
CORPORATION

ty, and thereafter a certain sum each
amounting approximately % $50 ~.
sand dollars Of the amour. remaini,, !,
This applies only If his annual salarv -
pr less. II more the monthly payn,,
thousand must be 3d. to continue ,,,s
purchase price, With interest a. ~. =.
is paid.
Ordinarily no person may take adv,,,,.
this plan who has not been in he sr,,l.. !,
bank at least three years. The appIi,,,, I
be married "unles1 he can establish n
for an exception @ The sstisfae,;or o., -
rectors.'
"Snce it is desired that The an,e..
able to pay Of The loan By The ano,,..
rlan within a reasonable time ,ay ~
ditions Of the plan. no member NAV 49,,
a property upon which the amop., !,
monthly amortization baymen, rr y
twenty-five per cent Of his month, a..
None may participate who earn =, =
$1,000 or more than 5000 a y,sr v.,,,.. i
especial consent Of The dircctons
Nearly a million dollars. i +, l,,.,.,.
note, is on deposit 10 The bank % q, ,,.s'' |,
club members who take adyanise. n 4. .
vestment fund, which in The psr -, =.
dividend Of about per cent q, -. -
from a dollar up. None may exceed slN .
any period Of twelve months. gtll,,.,
may be made only on thirty day. r,,,, -
IN exceptional caso'. which mus, be rs,os =.
by the executive committee. No sing, u
drawals can be made Of amounts lea, ~. :
except 10 close an account.
Under the club refund plan those vko ~.
into the bank in tho more advanced ,ss,..
or those who grow into the work are rerr-.
to take approved courses in Columbia o, X.
York universities or the College Of "a, &.
OF New York at just half Of VIA, thew =,
have 70 pay without club afilistions ;,
those who work In the day time (,hs zrs,
part Of course all Of these courses nav :
tended at night. Through these and TARA,
courses in other approved institution, /,
finds young women stenographer preps,-
70 be secretaries, clerks studying the tecs..a
Of their Jobs IN specialized subjects.
The bank itself conducts a college trsi.r
class for foreign seryice-one Of he ~
important phases Of the institutions j.,
ness. Selected undergraduates n scIs,s
chosen because Of exceptional ability. 20 10
bank during their summer vacations, ras
through the departments 10 get a wosss
knowledge of the organization and wien IN
finish their college courses are giyoa pl1cs !,
the comrary's foreign branches
The method Of handling and developing y
future vice-prcsidents and assistant eashtn
probably one Of the most interesting Of b
activities Of the club. Youngsters new e y
bank come under the supervision o. he q
almost before they ge, started in ihei ioz
They learn about the bank and aoosi D
career tia. Is before them 50 tha, thy al
start their first day with a good deal q D
suranco,' says a description Of tee clubs &
t.yitics in this respect, The director q n
helps the new lad 90 .ca-n the fundamentals
his new job. The general rules ,ha. 4
make youth well trained in oshee PRADA
such as courtesy, promptness and neainsa q
presented. Every boy is given a PEeiinu'
test in English arithmetic, spelling and Il
manshp. lie Is also given a mental ts p
shows accurately his development, ard rFs
idea OF what kind O.. WORK he can han-s ~
factor.ly.
Then he is assigned q definite posti'; Z
keeps in touch with the director q T
brief visits during the day, whics eva
with his practical work Regular eiso "
offered in which be onroils unless 1ai~
dent in some school outside the ban
Consider a boy VINO enters the lsii . I,
age Of fourteen. II he wishes, the az =
share the cost Of completing his edus'1@
only through high school or fn'an
school, but on into college. By stesdy v''
night he can, after eight years. Obtain
lege degree. And all the while he has -
opportunity to advance through ne va.
grades Of the bank as fast as bis pua !"
ability make possible. l..
Not for a minute, though, are mex =.
allowed to work and study to the excuse !
other things. A program Of physics va,
and athletic affairs is provided wtien -. -.
light in the eye eff every red-blooded y'''E
A gymnasium where they can meet Or CO, n.
is provided. They go in for baske'0aA' !.
ball, football, swimming, skating an
like"
Through the means OF personal ln'" 4,
and house publications the bank keeps u,
the boys it hires 10 make them more .' 4,
and efficient obviously on the theory US i =
may prove investments which VII y,
dends. Under the heading Of adyanse''..l-, y.