Evening star., 1925-09-20
LOCAL BANKER TO HELP SELECT
A. B. A. OFFICERS FOR NEXT YEAR
John M. Rordon to Play Important Part at Atlantic
City Convention-Drive for Education to
Be Feature-Notes.
BY CHAS. p. SHAEFFER

To John M. Riordon, cashier Of the
Bank Of Commerce and Savings, goes
the honor Of representing the District
of Columbia in nominating a candi-
date for president and first and sec.
ond vice presidents of the American
Bankers Association at the annual
convention of the national body to
be held in Atlantic City beginning on
Monday, September 2S.
This signal compliment to Mr..
Riordon's judgment and thinking ma.
chinery is q gift from the local bank.
ers' association, whose prerogative 1t
Is to select q member to serve on tho
nominating COMMITTEES. The commit.
tee will meet In the library OF the
Traymore Hotel on Tuesday. Septem.
Der 29, and nominate candidates to
guide the destinies of the American
bankers for the next IL months, the
actual election of these nominees be-
ing mere forfnality.
Mr.. Riordon has been vested with
authority to follow his own judgment
in the matter Of nominations.
In 1876 the American Bankers As
ISOLATION was organized and part Of
its golden anniversary celebration,
which will be noted at the forthcom.
ing convention, will be the founding Of
an educational endowment fund. The
purpose is to establish at least one
scholarship in economics in every
State and Territory Of the Union. To
create so such scholarships annually
will require endowment funds aggre-
eating $250,00O. It Is proposed to
raise an additional sum Of $3.50, 600 by
general subscription campaign for the
creation of further scholarships in
certain States in accordance with
their educational facilities, making a
total of 100000 for the entire plan.
Institute to Assist.
The American Institute of Bank
ing. which was organized rs years
ago, proposes to aid the parent in
stitution by contributing to this fund
through membership subscription. f.
NJ lotion, trust officer of the Chase
National Bank, and vice chairman of
the committee of rs engaged In rails
ing this fund, says: "As part of our
silver anniversary celebration some OF
our leaders have thought it fitting
that our ITO chapters throughout the
country SHOULD raise an amount cor
responding to a dollar for each mem
Der, and present it to our parent or
ganization to be used as a part of
the endowment fund on the occasion
Of its golden anniversary. The quota
or New YORK OAdpter Is $0,UOU, SuIIl-
cient to endow one scholarship. The
committee Of 25 is inviting members
to join in giving expression to our
appreciation of the assistance the
American Bankers Association has
given the institution in the past. II
every member of the American In
stitute of Banking gave ii we
would have over s50,o00, or 10 per
cent of the total fund. OF course,
members can give more than ii II
they so desire. The New York Chap
ter consists of about 5000 members"
Movement Is Praised.
Stephen l.. Miller, educational di-
rector Of the American Institute, says:
when rs years ago the American
Bankers Association sponsored the
American Institute OF Banking. 1t
subscribed to the cardinal principle
that training and preparation were
an essential part of the bankers re-
quirements. Such an Interpretation
individualized banking organization
and administration, making 1t pos
sible for the man down in the ranks
to have greater confidence in hts fu-
ture. In 1920 the American Bankers
Association took a second step in the
recognition of education in economics