Eugene register-guard. (Eugene, Or.) 1930-1983, October 21, 1962, Image 41

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    EUGENE REGISTER-GUARD, Sunday, Oct. 21, 1963 Page SB
He Also Heads the Wack Wack Club
Philippine Bank President Revisits City
By ANN CONNELL
Recl.ter-Guard Socletj Editor
The president of Manila's Philippine Na
tional Cooperative Bank looked about Eu
gene, smiled, and said: "It's great to be back!
Feels like home in spite of the changes."
He saw the city first 'in 1922, and last in
1947. Changes have been many.
He is Augusto F. Espiritu, who was a stu
dent at Eugene High School in 1922, and went
on through the University of Oregon to grad
uate in 1929 with a -degree in business ad
ministration major, account
ing: minor, banking.
"It was before the days
of scholarships," he said. "I
am proud that I came by my
own efforts, with help from
my parents only for tuition. I
worked for my room and
EI Vr board."
i'f I When he attended the uni-
A II versity, he lived for a time
I 1 I in the home of Mr. and Mrs.
LJL U&J Fred B- -lhnson of Spring-
Espiritu Ilela- iwo otner Filipino stu
dents also lived there Manuel
Alcid and Romulo Avilo, still friends of his
in Manila. "Manuel is credit manager in a
bank, Romulo is manager of a sugar com
pany," he reported. All were active together
in the underground forces during the war.
On his way from San Francisco to Seattle
on a round-the-world trip for his bank, in
which he is establishing corresponding banks
in major international cities to expedite the
financing of foreign trade, Espiritu stopped
off here for a day and a half to renew local
ties and to visit with the Johnsons. He had
made a similar visit after the war, 15 years
ago.
On his journey, he started from Manila
Oct 10, and visited banks in Hong Kong,
Tokyo and Honolulu before coming to the
United States. He spent several days in San
Francisco and will stop in Seattle, Chicago and
New York City; then to London; Frankfurt,
Germany, and home again in the first week
of November.
He had banking business in San Francisco,
but another interest kept him there longer.
His son, Augusto Jr., 20, is working and study
ing in the American Institute of Banking in
the bay metropolis.
Augusto is the eldest of the three sons of
the family. At home with their mother, Kay,
who visited Eugene atd the Johnsons five
years ago, are Octavio, nearly 18; Arturo, al
most 16, and little Lelida, a six-year-old
daughter. An older daughter, Virginia, is in
Chicago, where she also is employed by a
bank.
"When I left Eugene in 1929, I went east,
Intending to do further study. My mother's
death changed that; I went home at once. I
went to work then for an American firm of
public accountants, Haskins and Sells one
of the largest in the world. I stayed with them
until '39. Then the Philippine Trust Co. in
vited me to come into the bank; I was taken
in as an auditor, and stayed with them until
the war came.
"I had been a member of the Philippine
Army Reserve Corps for some time; with ad
vent of war, I was called to active scrvico as
a major in the finance service that was my
specialty, of course.
"After the fall of the Philippines, I was
active in the underground, in Supply and In
telligence. My major problem was getting
food to feed our members."
He was asked to go back into the bank in
1946, and there has remained, now its presi
dent and chairman of the board. ,
Not all his time is spent at business, for
he is president also of the international Wack
Wack Country Club "it's named for a
bird; 'wack wack' is what the bird is supposed
to say, as you say 'quack quack' for a duck,"
he explained.
General Romulo, now president of the Uni
versity of the Philippines, is a personal friend,
as is the present Philippine ambassador,
Amelito Muluc, whom he plans to see on a
side-trip to Washington, D.C. "He's a brilliant
young man, a lawyer; ho was right-hand-man
to President Macapagal. He also was president
of the Manila Jaycees."
Mrs. Espiritu also is active in many circles,
but is especially an ardent grower of orchids.
"Her orchid garden practically surrounds the
house, and they look in at all the windows," he
laughed. She will be chairman of the annual
Orchid Show in February, which is famous in
those latitudes and draws exhibits from gar
dens all over the world.
Since Philippine independence, there has
been a resurgence of national pride, the
visitor noted. "Formerly wo had five major
dialects, according to the various districts. They
are trying now to unite these into one, the
Tagalog (accent on second syllable), and this
is being developed as the national language.
"Up to now, we've often had to use English as
an intermediary tonguo between Filipinos, if
they were from different areas. English is be
ing replaced somewhat by this movement, al
though still taught, as it has been for 50
years."
Tho Manila banker keeps in touch with
former classmates through tho school mag
azine, Old Oregon, which ho has received
continuously as a life member of the U of O
Alumni Association.
"I frequently meet students who have re
turned from tho USA, and some have been
at the University of Oregon. Most of them
seem to be majors in education, and many
are teaching in our high schools now. One
chap went into foreign service, and now is a
consul.
"I tell them that I, too, once was a mem
ber of good old 'Cosmo' Club on the Oregon
campus."
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