Nogales International

FISHER CREATES
4 TRUST FUNDS
$5,000 Deposited to Credit of
Each Scholarship Winner
in Coach Contest.

DETROIT, October 1-(Special)-

W. A. Fisher, president of the Fisher
Body Craftsman's Guild, today an-
nounced completion of arrangements
whereby the four national winners in
the Guild's $50,000 Napoleonic
coach-building competition will re-
ceive four-year university courses
with all expenses paid. The terms of
the scholarship awards are so broad
that the money may-depending on
the industry and individual circum-
stances of the boy-do far more than
defray the cost of his education, and
perhaps even furnish the nucleus for
an eventual start in business.

Five thousand dollars, Mr. Fisher
announced, has been deposited to the
credit of each of the four winners,
with the Union Guardian Trust
Company of Detroit. Each boy's
$5,000 will be invested immediately
by the trustee, and the returns from
this investment, up to the time the
boy enters college, will be added to
the principal sum. The money will
be paid out to the boy as needed, at
the discretion of the trustee. An
unusual provision of the agreement
makes it possible for part of the
money to be used to support depend-
ents whose dependency might inter-
fer with the boy's education. A boy
may also draw on the award to finish
high school, if necessary.

Arranged to Reward Thrift

Full provision is made to recognize
and reward thrift. If the boy com-
pletes his university course without
exhausting the principal, the trustee
will pay him the unused balance in a
lump sum upon graduation, and he will
have a nest-egg for a start in business
or for other use. Choice of a school
and a course is left entirely to the
boy, but the terms of the award
stipulate that he must receive a de-
gree from an accredited university
with a four-year course before he is
25, unless physically incapacitated,
in which event the donor may extend
the time limit.

Raymond S. Doerr of Battle Creek;
Mich., and Albert Fischer of Wau-
kegan, Ill., were both planning, with
a determination which seems not
unusual among the winners in the
Guild competition, to work and earn
the money for their further educa-
tion. Now, however, due to their
exceptional perseverance and skill,
both are able to continue their
schooling at once. Doerr is already
enrolled for an engineering course at
the University of Michigan, and
Fischer for a mechanical engineering
course at the University of Illinois.

Howard Jennings, of Denver, Colo.
and Donald C. Burnham of West
Lafayette, Ind., the junior scholar-
ship winners, have yet to finish high
school, but the money will be waiting
when they are ready.