eugene o'riordan set up the dublin central co op investment bank to provide capital for industrial development. a surge of support for the investment bank from america, britain and the continent resulted in the secretary becoming fearful of the capacity of the society to handle an investment bank and she proposed that it be discontinued. this was a bitter disappointment for eugene o'riordan in particular as it was obvious to him that a chord was struck with the irish diaspora who wanted to help. he felt that the prospects were enormous, especially after a letter in the catholic universe brought astonishing results with strong support internationally.