A. M. Sonnabend, (right) Boston hotel executive, and William G. Saltonstall, Principal of Phillips Exeter Academy, discuss plans for the Sonnabend Scholarship Fund which has been established at the New Hampshire school by Mr. Sonnabend and his three sons who graduated from Exeter. President of the Somerset and other hotels, Sonnabend said that the scholarship "is intended to encourage boys of merit to secure a sound education and equally to encourage hotel executives to be on the lookout among sons of their employees for boys of real promise." The Sonnabend Scholarship will become part of Exeter's extensive scholarship program which will exceed $150,000 for the academic year beginning in September.