U. S. Outpost

Gathered at a luncheon in Manhattan's decorous Bankers Club one noon last week were 50 of the nation's Biggest Businessmen. The occasion: to collect the first $1.000,000 of a $2,750,000 fund to build and endow a new swimming pool, dormitories, infirmary, library, auditorium for the Shanghai American School. Among those interested in what Principal Elam J. Anderson had to say were: Martin Egan, staff member of J. P. Morgan & Co.; Mo-tormaker Walter Percy Chrysler; Herbert Lee Pratt, board chairman of Standard Oil Co. of New York and his Vice President Howard Ellsworth Cole; President George Christian Scott of U. S. Steel Products Co.

Like most Big Business meetings this one was not purely altruistic. The Shanghai American School's prospectus explains succinctly the part the institution plays in international commerce: "Executives of American business having interests in China attribute a decrease of 25% in the 'turnover' of their Far Eastern personnel in large part to the existence of the Shanghai American School. All such executives regard the institution as a distinct asset.

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