Seattle Student Wins No. 1 Award in I.B.A. Contest

Having excelled the efforts of college and university students throughout the United States, Shosuke Sasaki of Seattle, was a highly distinguished and pardonably proud young man today. He was winner of the No. 1 award and $300 that goes with it, in a nationwide essay contest sponsored by the Investment Bankers' Association of America.

Selection of Sasaki's essay on "The Investment Banker as a Mediator Between the Borrower and the Lender," as the best among the thousands entered in the competition, was announced last night at the I.B.A.'s annual convention in Del Monte, Calif.

McInnis Presents Check

Merville McInnis of McInnis, Van Dusen & Co., here, was delegated to present the award check to the young essayist, as a member of the association's essay award contest committee in the Pacific Northwest, which was headed by F.P. Griffin of the Seattle Trust & Savings Bank.

And, as Sasaki went about his work of managing the Harding Apartments, 2413 Jackson St., he declared that, unlike the doctor who never takes his own medicine, he is going to invest his $300 of award money in securities.

Sasaki, now 27 years old, came with his parents from Japan twenty years ago, worked his way through Broadway High School and was graduated this year from the College of Economics and Business at the University of Washington, where he was an honor student and majored in investment banking.

Won Other Honors

He was accorded third-place honor several months ago in the Pacific Northwest portion of the nation I.B.A. competition. Papers of the first, second and third-place winners in this and thirteen other districts were sent to national headquarters of the I.B.A. There they were judged by a board composed of Kenneth Hogate, president of The Wall Street Journal Company; James M. Landis, dean of the Harvard Law School; Harold G. Monton, president of Brookings Institute; Robert G. Sproul, president of the University of California, and Robert E. Wood, president of Sears, Roebuck & Co.

John W. Diffley, student at Manhattan College, and Albert E. Jones, attending Syracuse University, were awarded the national second and third honors, respectively.