VOLUME II, NUMBER 1 JANUARY 1960 LIGHTS OF INDUSTRY — THE STORY OF GODFREY L. CABOT, INCANCIAL. sf ALYST » | MERCHANTS = NATIONAL’ BANKMe Jre, B32, Pri ALUMNI OFFICE HE BENTLEY ALUMNUS is pub- Tished quarterly: January, Apel, July, and October. Member AMERICAN ALUMNI COUNCIL VOLUME [oJ ee P LEY TIL NUMBER 1 JANUARY, 1960 GREE’ BENTLEY BOSTO! CONTENTS 'INGS FROM ALUMNI PRESIDENT JOYCE, 4 \ LUNCHEON CLUB PROGRAM 5 TESTIMONIAL TRIBUTE TO PRESIDENT LINDSAY 6 NEW BUSINESS MACHINES APPLICATION COURSE— John M. Sinclair, C.P.A. 7 CARBON BLACK—THE GODFREY L. CABOT STORY— William A. Bloch, D31 2 CHAPTER MEETINGS HIGHLIGHTS 4 DEVELOPMENT PROGRAM REPORT 16 ‘THE BOOK CORNER James A. Boudreau 7 UNDERGRADUATE NEWS 8 THROUGH THE YEARS—Class News cover ptt the Stanlow Plant, which i brightly ills ight. The picture wa secured Plant in THE COVER Merseyside india black plant « fects the maze of stairways li pipes ence ninated against the blackness of the English he editor of "The Flame,” am employee pub readers to Pages 12 and 13. nc. we refer 0“Life Begins at Forty” can well be applied to the Bentley School of Accounting and Finance. On that occasion two years ago, it appraised its responsibilities to both present and future graduates, and the development program adopted outlines the plans for the immediate future We have a debt of gratitude for the education afforded and for the opportunities opened to us even though we may have gone into widely diverg t occupations and professions. We should actively support the building fund program now underway and participate actively in the alumni activities. Let us share some of the blessings we have received. On behalf of the alumni officers whom you honored in the last election, I extend best wishes for happiness and prosperity in the New Year. We will try our best to carry on what our predecessors so ably and conscientiously accomplished BL. Makepeace ATIONAL OFFICERS AND DIRECTORS mani Association held on November 7 at the Hotel StalerHitton the following officers were ght are Secretary, Ellen F. Winters, D 47; President, Stephen M. Joyce, E32 treasurer, 3 Tremuret, Call L Wallace, D 30, division manager of Development & Marketing, Ford Notor Coy Detrot, ME Telt to right: Director of Chapter Operas cond vi ‘Diector snd Program, Warten E. DBoston Luncheon Club Speakers Albert J. Holmes, E 30, program chairman for the Boston Luincheon Club, has released the following sched- ule of speakers for February, March and April. Date Speaker Subject Feb. 16 Michael J. Powell Boston Commuting, Problems Mar.15 Edward J.King The Function of the Mass. Port Authority in Improving the Econo- my of Boston and New England Professional Investment Management MICHAEL J. POWELL, F.40, is treasurer-comptroller of the Metropolitan Transit Authority and was elected to this position in September, 1959, following twenty-cight years of service with M.T.A. and its predecessor, Bos- ton Elevated Railway Co. Mr. Powell received his B.B.A. degree from Northeastern University and is a member of the National As- sociation of Accountants, American Transit Association, ‘American Accountants Association, New England Tran- sit Club and Catholic Accountants Guild. He is thor- oughly familiar with the commuting problem in Boston and his thoughts on the future M.T.A. should provide an interesting program. April 26 Irving S. Skinner EDWARD J. KING, D 33, as comptroller of the Massachusetts Port Authority, is well qualified to discuss its function in improv= ing the economy of Boston and ‘New England. Mr. King is also an alumnus of Boston College and following his graduation from Bentley School became a staff ac- countant with Lybrand, Ross Bros. & Montgomery. He later became comptroller at the Boston Muscum of Science id joined the Mass. Port Authority in January, 1959, IRVING S. SKINNER, D 38, assistant treasurer with Eaton & Howard, Inc., Boston, will cover the Investment Management field at the April meeting. Mr. Skin- ner joined Eaton & Howard in 1946 following four years of serv- ice in the United States Navy. He had formerly held positions with Greenfield Tap and Die Co., John W. Hanley Co, and U. S. Gypsum, Mr. Skinner received his B.B.A. degree in 1953 from Northeastern University Evening Division He is a member of the Salem Country Club and resides in Lynnfield Center with his wife and three sons. National Nominating Committee Three new members were appointed to the National ‘Nominating Committee at the October meeting of the ‘Alumni Executive Committee. These appointments as announced by President Edward J. Powers are three- year terms in accordance wih the National Constitution ORVILLE F. HAGAMAN, ‘D8, assistant comptroller at Har- vard University, is a member of the Middlesex Chapter Executive Committee, and as a local co- chairman of the Schoo!’s develop- ‘ment council Mr. Hagaman has ‘ devoted many hours to its ex- pansion program. He is a mem- ber of the K.P.A. Fraternity and is also active in his class organi zation. Mr. Hagaman is also a member of the National Office Managers Asociation and the National Machine Accountants Association, DWIGHT E, STAFFORD, 1D 28, is chief auditor for the Na- tional Life Insurance Co. in Montpelier, Vt. He is presently serving as’ development council chairman of the Vermont Region Mr. Stafford is a member of the Boston Chapter, Institute of In- ternal Auditors; past president, City Club of Montpelier, and au- ditor, Bethany Congregational Church of Montpelier CHARLES F. ADAMS, E 48, is cashier at the brokerage firm ‘of Vance, Sanders & Co., Boston. Mr. Adams has been active in the Bentley Alumni Association since its formation in 1955 and is president of his class. He is also a member of the development council, serving as a co-chairman in the Brockton area. Mr. Adams received his BBA. degree from Northeastern University and is a member of the Pi Tau Kappa Fraternity —President oLindsay Testimonial ‘The Grand Ballroom at the Statler-Hilton Hotel pro- vided an excellent background for the highly successful Testimonial Banquet to President Lindsay on Noven ber 7. A distinguished head table group representing government, education, business and professional ai counting societies were present to join with several hus dred alumni and friends in this outstanding tribute to Mr, Lindsay. ‘Among the presentations to the guest of honor were a Book of Memory, personal portrait, stereophonic hi- fidelity set and an easel for his favorite hobby. ‘Many personal tributes were rendered throughout the evening, and we are including the following portrayal of Mr. Lindsay as delivered by Rae D, Anderson, Vice President and Dean of Faculty A Tribute to Maurice M. Lindsay THE man whom we honor tonight is one with many talents. We could dwell at length on his qualities of leadership, his infectious enthusiasm, his writing abil. ty, or his philosophy of life. But the one for which he will probably be best remembered, and the one for which we are particularly grateful, and from which we have derived the greatest benefit, is his ability to teach. When we honor Maurice M. Lindsay, we honor that ‘exceedingly rare specimen, the truly great teacher What makes a great teacher? What distinguishes the great teacher from the run of the mill type? The quali- ties that characterized Maurice’s teaching are the quali- ties of the great teacher: Love of the Subject; that is, an interest in the subject so great that it is not satiated until there is a com- plete mastery of it. And, if this love of the subject is deep and genuine, it will inspire the student and motivate him to probe deeper and deeper and not be satisfied with a superficial understanding. No one was ever a student of Maurice Lindsay who was not aware of his great love for accounting. Interest in his student. ‘The teacher who rushes to the lecture hall and departs with equal haste, after de- livering or, perhaps, stumbling through his lecture, possibly in the process losing his place in his lecture notes, has deprived his students of one of the real contributions of a dedicated teacher—human under- standing. Teaching is more than the subject—it is ‘This portrait of President Lindsay by Otis Philbrick wat un veiled at the Testimonial Banquet It wll be placed in the Re Ception Lobby of the mew General Education Building at 857 Boylston Street, more than abstract principles and facts—it is also a bond between teacher and student with opportunity for free communication between them. We can all recall Mr. Lindsay's willingness to sit down with the individual student, baffled by the complexities of ac- counting or troubled by some problem of a personal nature. Although he had only the sparse quota of time given to all humans, he lavished his time on his students—ignoring the fact that his own personal share was thereby diminished. This intense human interest in the student extends to the graduate, and so even today much of his time is spent helping gradu- ates find solutions to business and personal problems Tt was this deep interest in his former students which sparked the formation of the Bentley Alumni Asso- ciation. And its success is in no small measure evi- dence of the affection and esteem in which the alum- ani hold Mr. Lindsay Naturalness. The good teacher must at all costs be natural and down to earth. It is the easiest thing in the world for a teacher, armed with the answer book, to become so impressed with his own knowledge 1 eventually he regards his own statements as divinely inspired. What is needed is confidence, combined with humility. Mr. Lindsay was never pedantic, he was always willing to recognize that there were al- ternative methods equally acceptable, and he brought to the classroom a naturalness and simplicity that was disarming, He was willing to admit that he was on ©cccasion in error and that his every statement was not gospel truth, iscipline. Unfortunately, democracy doesn’t work too well in the classroom. Without the restraining in- fluence of the capable teacher, chaos will prevail. To Mr. Lindsay, class discipline was never a problem, ith good humor and a minimum of preaching, or- der prevailed. This is not to imply that a funeral at- josphere existed in his classes. Maurice well knew the value of a little humor in relieving the strain and easing the pain of much listening, much concentra tion, and much sitting. ‘The teacher who demands little work from his stu- dents will get little work in return. On this score, all that I can say is Maurice was always demanding--on ‘occasion very demanding. One of his frequent ob- servations was that the student must eat, sleep, and drink accounting to become a real accountant. ‘That his philosophy was sound and that his students re- acted to it is best demonstrated by the success of his former students Salesmanship. The best product made will be a dis- al failure if itis not marketed. The same is true of an idea— somebody with courage and vision and a sense of purpose must get behind it and give it im- petus. The experienced teacher realizes that the typi cal class is not peopled by students literally thirsting for knowledge. Most students are young; they are not clear as to their eventual objectives, and they are subject to the distractions which are the preroga- tive of the young. Like most areas of knowledge, ac- ‘counting has its dreary aspects, but the good teacher focuses the sudent’s attention and interest on what lies ahead. Mr. Lindsay had the faculty of making the subject of accounting come alive. He was able to paint a ‘counting and the part it played in society that challenged the imagination and stirred the ambition of the student jor Robert F. Murphy extends he congraty: I Lindsay as they tlk with General Chairman ney, prior to entering the Grand allroom at the Statler Hilton Ability. Love of subject, interest in the student, abili- ty to maintain order, and the other qualities are not sufficient to make a great teacher. He must have ability in the form of a deep and true understanding of the subject, and, furthermore, an ability to get it across to the student. As Emerson put it, “The man who can make hard things easy is the educator.” ‘Most of us have sat in Maurices's classes and we have marveled at his grasp of the subject of accounting and, particularly, at his rare ability to take a complex problem in accounting, break it down into its several elements, and explain it in such simple terms that we felt like dunces at our failure to grasp what was so absurdly simple Youthfulness. The great teacher must have an un- ending supply of vigor and enthusiasm and constantly be on guard against the conviction that the human race is deteriorating with each generation. Although time has slowed Maurice's gait, it has never affected the youthfulness of his ideas. Despite growing differ- ences in chronological age between teacher and stu- dent, Maurice was always to his students a young man from the standpoint of his mental and philo- sophical outlook. One of the great hazards of teacl ing is the closed mind—resistant to change, impervi fous to progress. ‘These were never hazards to Mr. Lindsay who was, and is, always willing to consider new methods or embrace new principles if they offer some reasonable assurance of successful application. Asan individual must have a philosophy to guide him through life, in order that his life may have purpose and meaning, so must an institution also have a philo- sophy in order to define and realize its objectives. Ever since the founding of the School by Mr. Bentley in 1917, its philosophy has been to aid the student in acquiring sound understanding of the subjects in the curriculum through effective teaching and friendly counsel. The ‘Among the many distinguished guests at the head table were (left to right) Professor Adee Percy, Dean Emeritus, Boston University; Dr. (C. Haley, Superintendent, Boston School ent and Professor Donald W. Goodrich, Dean and Reg: ‘star, Suffolk University.President and Mrs. Lindsay show extreme pleasure at the pres- fence of their church pastor, Reverend ‘Thomas E. West » Masachusets indsay legend of fine teaching is a demonstration of that philosophy and it is a part of our heritage. It serves as a constant reminder and challenge to our faculty to teach well what is taught and, at the same time, be a real person, In paying tribute to Mr. Lindsay, we must not over- look the part Mrs. Lindsay has played. We have made heavy demands on Maurice's time, perhaps to the point of selfishness, and in the process we have been unmind- ful of the sacrifices she has been forced to make in order that he might do his chosen work well. Mrs. Lindsay, wwe are grateful to you for your sacrifices and forbear- When Mr. Bentley retired in 195: successor was a foregone conclusion. Mr. Lindsay, who had been such a real part of the School since August, 1920, and had worked so closely with Mr. Bentley al- ‘most from the School's founding, has brought to the presidency of the School the same drive and desire for excellence that characterized his many years as the strong man of the faculty. Maurice has been acutely aware of the changes that have taken place in the thinking in industry and public accounting on proper preparation for an accounting ‘And, that the Bentley School might acquire de- gree-granting status he has given mightily of his thought, energy, and enthusiasm. He sees in the change an opportunity for the School to carry on its fine tradi- tion of good teaching in a widened area for the benefit the election of his of industry, government, and public accounting, the ac- countants of the future, as well as our graduates, The transition to degree-granting status, like most things in life, has a price tag affixed. Funds are neces- sary to finance the capital expenditures inherent in the ghange. To one whose whole life has been giving—(to paraphrase Emerson: “Teaching is giving and learning is receiving”)—the change of role has been difficult. But Maurice has put aside his natural reluctance to ask for financial assistance and has led the Development Fund with his usual vigor and enthusiasm—even to the detriment of his health. He is convinced that degree- ‘granting status is essential for the continued success of the School and is determined that when Bentley files its petition for change in status it will have complied with every known standard. Great teacher, capable administrator, warm friend, we salute you! and wise counselor Heal Ye Uy Mack ‘The Testimonial Dinner, sponsored by the Bent- ley Alumni Association in my honor on November 7, 1959, was by far the most impressive affair I have ever attended. It was a heart-touching ex- perience for me and for the members of my family Wee shall never forget it. Honored guests, including state and city officials, educators, leaders in the accounting profession and. others at the head table, were deeply affected by the large attendance and in particular by the tone of sincerity and the dignity which prevailed every- where. They were equally impressed by the fact that all of the classes from 1920 on were represent- ed. Many said they had attended other testimonial dinners but had never seen anything to equal the fone given me. The various committees deserve no end of credit for the magnificent job they did. My teaching days were the happiest in my life. I oved to teach and over the years I seemed to get along fairly well with my students. T think the rea- son was because I had a personal interest in every ‘member of the class and I believed it to be a part of ry job to have all of them understand the subject ‘Then too, teaching affords many opportunities to build character, as men of college age are quite ipressionable. "Many of the graduates, long years after their school days, have mentioned experiences in class which gave them a lift and were helpful in forming a guide for living. T have always believed that our most important natural resource is our young people. It is the re- sponsibility of the home, the church, and the schools to prepare them to live a well rounded life quite as much as it isto prepare them to earn a live ing. The evening of November seventh gave the feel- ing that T am indeed a wealthy person—rich in friendship of thousands of men and women in many parts of the world, It made me very humble and quite conscious that my indebtedness to them is much more than I can ever hope to repay. ‘The demonstration was a tremendous personal twibute—greater than I deserve. I hope that each ‘of you will accept the sincere thanks of my associ- ates, my family and myself, Maurice M. Linpsay ©New Course in Business Machines Application by John M. Sinclair, CPA RECOGNIZING the growing emphasis in business on automated data processing, the School has intro- duced a new course in machine applications which pro- vvides a broad and comprehensive exposure to the many business machines currently available to concerns. In developing the course, the School has pioneered in pre- paring unique problem material to demonstrate the various machines. DEVELOPMENT OF COURSE It was decided that a course in business machines would best fit into the curriculum as a supplement to the systems course. In order to provide as broad a base as possible before exposing the students to the machines, the systems course was greatly expanded to include ‘many areas not previously covered. Approximately thir- ty lecture hours are devoted to teaching this basic course and an equal number of hours to the machine applica- tions. ‘Text material for the basic systems course has been written and printed, and material on the machine appli- cations section is currently being prepared. The follow= ing areas are covered: ‘The place of the systems man in the business field Organization structure and charts: Financial officers Classification and chart of accounts Manual of accounts ‘Manual of instructions Charts (including flow and process charts) Design of forms, reports, and records Journal design ‘THE AUTHOR John M. Sinclair is a member of Mr. procedures courses at the School and has prepared the Tevsion ‘material outlined above. He is also the author of several current articles covering the systems and procedures eld. Job and work simplification and evaluation Internal check and control including internal auditing Systems surveys The text also includes discussions of the systems as- pects of the following specialized areas: Cash receipts, disbursements, and balances Petty cash Accounts receivable, sales, shipping and billing Investments and securities Notes receivable and fixed assets Accounts payable, purchases, inventories, receiving Containers, freight, and payrolls Supplies inventories and expense control Sorting operations and document control Natural business year and profit determination ‘The text material is illustrated and discussed through the use of problems which require the student to develop ‘organization and flow charts, to design books of original entry, to design business forms, and to consider many phases of internal control; the problems also demon- Strate other phases of the text material MACHINE. APPLICATIONS Perhaps the greatest challenge in developing the ma- chine course was in deciding exactly how to acquaint the student with the various machines. All seniors are required to take the course and, because of the large number of students, it was deemed impracticable to teach actual operations. Also, because of the limited teaching time (about thirty hours), and the rather large number of different business machines on the market (see below), it was decided that it would be most feas- ible to illustrate the use of the machines in the typical accounting applications of billing, payables, payrolls, and inventories. Since the student was already acquaint ‘ed with manual operations in these areas, it was be- lieved that he should be able to correlate and under- stand the specific machine applications; experience in teaching the course has proved that he can. In order to understand the machine applications, the students are furnished with pictures of all machines, are given descriptive problem material, and are taken on field trips to see the actual machines in operation, Nearly forty problems and applications have been developed in the following areas: Pegboards, including accounting boards( these serve nicely to show the transition from manual to me- chanical and machine applications). —please turn to next pageEdge-notched cards (e-g., McBee Keysort) ‘Adding machines and calculators of all types Punched card machines Punched paper tape machines and applications Print-punched tags (see illustration) Electronic data processing As far as is known, the Bentley approach to teaching. ‘machine applications is unique, and since there was no pattern to serve as a guide, it was necessary to develop completely original illustrative material. To show the result in one area, one of the problems demonstrating the use of print-punched tags is reproduced in this article, together with the page of exhibits which picture these machines. ‘The other problems in the business machine area are similar and vary only in method of illustration. ‘Throughout every phase of the course, there is a con- stant and continuing emphasis on integrated data pro- ‘essing through the utilization of one record for several purposes, and an emphasis of the need to eliminate use- ‘Tagtocard converter 10 less forms and to simplify the system, whether manual or mechanical Student reaction is an important factor in evaluating any course; all in all this course has been well received. Although some students were bothered by the abstract nature of systems work, most students found the course extremely interesting and found that it provided com- prehensive coverage in the systems and machine field, ILLUSTRATED PROBLEM ‘The Federated Department Store uses Kimball punch, ‘marked tags for marking its merchandise, ‘The tags are prepared on a Kimball ‘75° punch marking machine in the marking room at the time the merchandise is re- ceived. Figure 1 illustrates a tag used in the women’s ready- to-wear department. The left section of the tag is de- tached at the time of the sale and is used to prepare a Punched card (figure 6). The other three parts remain attached to the garment and must be attached if re- turned for credit by the customer. If a garment is returned for credit, the second part of Portable tag readerthe tag is detached and a punched card is prepared to indicate a return. The garment is again placed in stock with the last'two parts of the tag attached. These serve for a second sale and for a possible second return. Figures 3, 4, and 5 show an enlargement of the coding. It is to be’ noted that the eight horizontal. punching channels are actually two groups of four channels; the two lines of interpreted figures. ‘The punching code used is shown in figure 2 ‘The interpreted tag indicates the following: TOP CHANNELS Detail Women’s ready-to-wear Code Interpretation 4040 Department 0463. Style 210 Classification Skirt, wool, pleated ‘MIDDLE CHANNELS Code Interpretation Detail 1 Season Fall 79 Manufacturer American Dress Co. 81 Color Navy 18 Size BOTTOM CHANNELS 2995 Sales price At the time of the sale (or of the return), the detached portion of the tag is fed into a tag-to-card reader which Converts the tags to punched cards at the rate of about 100 per minute. The data encoded in the tag are auto- matically transferred to a punched card. (see figure 6) which is used for booking the sales (or return) and for preparing statistical reports for internal use (figure 7). ‘The date is punched into each card automatically. [COREE Cal nen Sates ; Fhe Pes | foo of are ye } f melee aie [flee intel om [Ee | HI, b> Teiataeslaaketeek haba | } i ‘i | ed Kl fl rteCarbon Black ... The Story of Godfrey L. Cabot, Inc. By William A. Bloch, D 31 QUE wor today rolls on rubber, and in each rubber tire that supports this cavaleade of progress is a little known black, powdery substance that helps make all this possible. It is called carbon black, and is no more nor less than soot, much like that which collects in your fireplace, on cooking utensils, or anywhere where there is incomplete combustion in the burning of carbonace- ‘ous materials. But carbon black is a special type of soot ‘made from hydrocarbons, such as gas and oil, and pro- duced under the most exacting conditions. Used as a reinforcing agent in the rubber compound, it adds five to six times to the life of a tire over that of one made of pure rubber. Over the years of automotive history, the size, shape and structure of tires have changed. New types of rub- ber and cord have replaced those in common use, but no replacement for carbon black has been found, ‘This does not mean that the carbon black of today is the same as ‘was used in the tires of 19155 it is not. Production Techniques Change ‘The technique of carbon black production has changed radically over the years. For over a half century, it was made solely from natural gas and by impingement of ‘aflame on metal plates. ‘Then the furnace process came to the fore. This method forms carbon by combustion and cracking of a mixture of gas and air in brick-lined furnaces, This in turn gave way to the use of oil instead of gas in the furnaces, which produced an oil furnace black comparable in most respects to the gas blacks. ‘The era of gas blacks was purely American since it THE AUTHOR William A. Bloch, a member of the Day 1951 Class, is comptroller of Goatzey L. Cabot, Inc, Moston, Mass. He hat een associated with the wer 20 years In varie ‘and financial capac tes ‘Nir, Bloch is also an alumnus of Marvard University and. Northeast- ‘rn University. His continuing inter- cet in education i evidenced ata trustee of Bentley Scoot "2 member of the corporation at Northeastern. He hhas heen active in the Bentley Alumni Assodation and the Development Council, serving as director of finance and special gifts cochairman, respectively. Professional organizations are included in his busy schedule and Me. Bloch is a member of the National A Sodation ‘of Accountants, National Machine Accountants ‘Assodation, Controllers instivute of Ameria, Tax Exec tives Institte and the Boston Credit Men's Association. "Mr. and Mrs. Bloch have three children and reside at 155 Lowell Road, Wellsiey Hills, 12 was the only country in the world where natural gas was abundantly produced. The use of oil in produc- tion of carbon black made world-wide production pos- sible. Although over 90 per cent of today's production of carbon black goes into rubber products it is also used in inks, paints, plastics, paper, insulation, and many other types of materials, Largest Producer of Carbon Black ‘The largest and one of the oldest producers of carbon black in the world today is Godfrey L. Cabot, Inc., its subsidiaries and affiliates. With over three-quarters of a century of experience and know-how (since 1882), this concern has grown from one small carbon black plant in the gas fields of Pennsylvania to a world-wide organization. ‘The parent company, named for its founder, Dr. Godfrey Lowell Cabot, got its start when hhe and his brother built a small carbon black plant at Buffalo Mills, Pennsylvania, in 1882. Five years later Dr. Cabot bought out his brother's interest and operated ‘the company as an individual until 1922. At that time, the business was incorporated under its present name. Oil and Gas Business Develops ‘As the demand for carbon black increased, other plants were built and drilling for oil and gas became part of the business, originally to provide the necessary fuel for the production of black and later to sell for industrial and domestic use. Large gas fies were being developed in West Vir- ginia and, in 1898, Dr. Cabot started operations in Cal- hhoun County. Drilling was begun and a carbon black plant built. Since natural gas for fuel was abundant and inexpensive, other plants were cither built or ac- quired and, during the next few years, all of the Penn sylvania plants were either moved to West Virginia o shut down. As gas production exceeded the demand of the carbon plants, community distribution systems for supplying domestic consumers were set up and gas was also sold to pipeline companies and industrial plants. With the increasing gas costs in the Bast and the abundance of les expensive gas in the Southwest, the company moved one of its carbon plants to Texas in 1925. Construction of others followed and, in the next few years, the company’s production of carbon black in the East came to an end, ‘The Appalachian Division, which comprises the West Virginia and Pennsylvania operations, produces. and distributes gas for industrial, commercial and domestic Today Godfrey L. Cabot, Inc, provides sales, techni-the isis actually thrce plants on one sit, since the unit the one to the right is gas furnace. Tn the foreground, tank where bulk black i stored and Joaded into tramsported fuel ol for the plant cal, research and development, management, and fin- leadership to the Cabot industries. Cabot Carbon Company, a subsidiary, is now the sole producer of carbon black in the United States for the organization. Its carbon black operations are lo- cated in Texas and Louisiana where it operates nine plants Foreign Operations With the world-wide dollar shortage, and the United ‘Kingdom and other overseas countries in need of car- bbon black, Cabot Carbon Limited, a subsidiary, was formed and started production at its plant in Stanlow, Ellesmere Port, England, in September, 1950. About a year later Cabot Carbon of Canada, Ltd., another sub- sidiary, started construction of its plant in Sarnia, On- tario, Canada, (Overseas demand for carbon black continued to grow, so, in 1955, Cabot France, S.A. was incorporated. It built a plant in Berre L’Etang, Bouches-du-Rhone, France, and is now helping supply the overseas market. Australian Carbon Black Pty. Ltd., a joint venture of Cabot and United Carbon Co,, is in production at its plant in Altona, Victoria, Australia mg the | mak cas and tric 1d some shipments of carbon black. 13 ‘AL, CARBON BLACK PLANT NEAR FRANKLIN, LOUISIANA 8 ofthe pict detrack, are the warehouses, and the tall building isthe berqust ‘il furnace plant, the center one is thermal, and Tn the near foreground is the Intraconstal Canal om which is Cabot Italiana S.p.A., a Cabot subsidiary, now has a plant under construction in Ravenna, Italy, and the parent company is contemplating plants in India and South America. Expansion in Southwest Having been established as an oil and gas producer in the East, it was only natural that the organization should extend its operations to new fields in the South- west. Today, the Oil and Gas Division of the Cabot Carbon Company has leascholds or producing gas and oil wells in twelve states. It also operates two plants, which produce liquefied petroleum gases and natural gasoline in West Texas, and another one in New Mexico. Recently, Cabot Gasoline Corporation was formed, and has built and is operating a gasoline plant in Gl rock, Wyoming. For years the organization did fabricating on-the- ground in the construction of its plants. It was felt that ‘a shop where prefabrication of buildings and equipment could be done would be more feasible and economical. Cabot Shops came into being and later was incorporated as a subsidiary of the parent company. Today Cabot —please turn to page 19DALLAS ALUMNI MEI Aginner meeting of alum- ni and wives in the Dallas area was held on November 9th at the Hotel Adolphus. Organizing Chairman Arty B, Smith, Jr., D 47, was in charge of arrangements and among the alumni present ‘were James P. Munn, D 23 John W. Finlay, D 46; John E, Scanion, D 47; Delos H. Brown, D 48; Stanley Swett, D 925 and Arthur C. Mace Kenzie, E 52 Following a social hour and dinner, Robert W. Kim- ball, Alumni Secretary, spoke informally to the group and presented a recorded message from President Lind- say. ‘A Dallas Chapter will be formalized at a future mect- ing of the alumni, ARTY B. SMITH, JR, DAT LOS ANGELES SCHEDULES LUNCHEON MEETINGS ‘The Southern California Chapter held a dinner meet- ing at the Carolina Pines in Los Angeles on November 12 and outlined plans for an expanded chapter program. ‘Arrangements have been made to hold monthly lunch- cons at the Biltmore Hotel, Los Angeles, from 12:00- 1:00 pan. The luncheons are scheduled for the third in each month with the dates of January 20, February 16, March 15, April 19 and May 17 as calen- dar pad reminders until the next issue of the Alumnus. R. W. Kimball, Alumni Secretary, was present from Boston and reviewed the latest developments at the School, ‘A complete slate of officers was elected during the business session and newly elected President Harold E. Blanchard, D 27, later appointed a Board of Directors and various committee chairmen. Mr. J. Earle Bradley, D 29, a trustee of the School, will serve as Placement Coordinator for the Southern California area and a comprehensive placement service will be initiated for alumni and undergraduates inter~ ested in employment opportunities on the West Coast. Other officers, directors and committee chairmen se- lected were Vice President, Charles B. Schoenmehl D 39; Secretary, James P. Hogan, D 56; Treasurer, Frank Spelley, D 41, Board of Directors, Alfred G. Berk, E 35; J. Earle Bradley, D 29; Philip F. Breen, D 23; Robert F. Jordan, E 39, Leon R. Marsh, D 36, Lee D. Nutter, D 37; Charles H. Stineford, D 30. Committee Chairmen, Directory—J. Earle Bradley, D 29; Hospi tality—Lee D. Nutter, D 37; Luncheon—J. Earle Brad~ ley, D 29; Membership—Frank Spelley, D 41; Publicity Charles B. Schoenmehl, D 39. 4 BERKSHIRE GROUP PLANS CHAPTER Thirty-six alumni from the Pittsfield, North Adams, and Williamstown area met at the Stanley Club in Pitts: field on November 24th to discuss plans for a Berkshire County Chapter, Nicholas J. Sarro, D 32, served as general chairman in arranging the dinner meeting. As- sisting Mr. Sarro were George E. Emerson, Jr., D Paul Horansky, D 43; and Richard Lesperanee, D 56. Robert W. Kimball, Alumni Secretary, was present from Boston, and in addition to reviewing the latest developments at the School, he outlined the various ob- jectives of a chapter program. The group was most enthusiastic in their adoption of 1a motion to establish a new chapter and the following committees were appointed and requested to report at the next meeting in January: Nominating Committee— George O. Hawley, D 24, Chairman; William C. Lord, D 36; Anthony W. Sottile, D 30; Bernard A. Thibault, D 35, Constitution Committee — John J. Norton, D 30, Chairman; George E. Morehouse, B32; Edward J Zoladz, D 51 Publicity Committce—Gollan P. Root, D 31, Chair- man; Maleolm E. Keeler, D 55; George E. Moorchouse, Bs HOUSTON MEETING Among the alumni enjoying a dinner meeting in No- vember at the Lakeside Country Club, Houston, Texas, were seated (left to right) Paul Olafson, E 31; Phyllis P. Wahlburg, D 47; and Harold Fowler, D 32. Stand- ing are Chairman Peter Mattisen, D 35 and Courtney Allen, D 48. Mr. and Mrs. Mattisen entertained the husband and wife group at their home prior to the dinner.( E, EXECUTIVE AT WORCESTER Robert A. Male, (center), manager of employce and plant community relations at the General Electric Co. in ichburg, is shown congratulating Richard P. Meagher, 49 (left), newly elected president of the Worcester Standing at the right is retiring president J. Ronald Daigle, D 48. Mr. Male was the guest speaker at the October mect- ing of the chapter held at Nick's Colonial Grill in Worcester. His subject, “General Electric Company's ‘Thoughts on the Business Future of Massachusetts,” provided the theme for emphasizing the importance of ‘a cooperative effort on the part of business and govern- ‘ment in maintaining a healthy business climate in Massachusetts, Other officers elected during the business meeting were Thomas E. McDonough, E32, vice president; Eleanor F. Morgan, E52, secretary; Marvin I. Lainer, D 50, treasurer; and Edward V. Danielson, D 50, and Charles W. Chicknavorian, D 49, executive committee ‘members, CHICAGO CHAPTER ELECTS ‘The fall meeting of the Chicago Chapter was held at Henrici's Restaurant on October 14, with John M. Sin- clair, a member of the Bentley faculty, as guest speaker. 1960 Officers elected were Walter E. Glanville, D34, President; Evan N. Ypsilanti, D42, Vice President; ‘Norman C. Church, D32, Treasurer; Joseph P. Flaherty, D2?, Secretary. CLEVELAND DINNER Meeting at Sonnhalter’s Restaurant on November 19, alumni in the Cleveland area outlined plans for a form- al chapter program, R. W. Kimball, Alumni Secretary, ‘met with the group and reviewed the latest develop: ments at the School. Lester (Jack) Frost, D33, is organ- izing chairman for the chapter and interested alumni ‘may reach Mr. Frost at W. F. Todd Associates, 3737 Chester Ave., Cleveland 14, Ohio. 15 DETROIT PRESIDENT Kurt ©. Behrens, D 30, was elected president of the Detroit Chapter at the Oc- tober meeting held in Car- son's Restaurant, Other officers for the new year are John Stewart, D 50, Ist vice president; Kenneth Rainey, D 35, 2nd vice pres ident; Walter Westman, D 40, treasurer; George Stans- field, D 33, secretary; and Charles Kanney, D 38, as- sistant secretary. John M. Sinclair, a member of the Bentley faculty, ‘was guest speaker of the evening and outlined the new Systems and Procedures Course material being intro- duced at the School this year. Business Machine appli cations and Integrated Data Processing systems cover an. important area in the course. KURT C. BEHRENS, D 30 LEGISLATIVE LEADER AT HARTFORD. Connecticut State Representative Samuel 8. Googel, D 23, of New Britain, Democratic leader of the House of Representatives, spoke at the fall meeting of the Hartford Chapter held at the Farmington Country Club. Representative Googel reviewed the major ac- ‘complishments of the recent session and related several humorous incidents in connection with the many bills submitted to the legislature for action, A question period followed his presentation, In the above picture newly elected president, James Brian (left) E 30, office manager at Proctor & Gamble Co, is shown receiving congratulations from outgoing president, Albert Stevens, D 28. Other officers elected were: Albert Gualtiere, D 49, vice president; Joseph Maccalous, D 50, treasurer; Gardner Cahoon, ‘D 47, secretary; Norman Solomon, D 52, assistant treasurer. Board of Directors—Frank Bump, D 50; Edgar Cos- sette, D 38; Martin Hines, D 24; Albert Roberts, D 33; Albert Stevens, D 28, -please turn to next pageThe Chapter Circuit (continued from page 15) D'AVANZO, RHODE ISLAND PRESIDENT Donald C, D’Avanzo,D 50, of Cranston, was elected president of the Rhode. Island Chapter atthe semi- Samual dinner meeting held on Novenber 24 at the Matacomet, Country “Chi, East Providence. Me, DrAvatu is supervor of th Field Audit Staff, Rhode Ba ti Coen Frank G. Matk and Michal J, Thomas, Journal- Balktn sportier conducted a intrestiog sports Ae deste baal, tnt ing hey sod got Tice pw ates cco west Wiiom Ming, D 4; ic preset; and W.J- Bryon Rogar, D 32, ate- taty: Hocctive commits embers are Walter Join, Ds, North Dartmouth; EM. Heffernan, 30, Swan. tea; Goorge White, D 34, Taunton; Warren L. Stton, D'b7, Warwick; and HL. Willam Christopher, D 29, Smithil, SAN FRANCISCO ALUMNI FORM INVESTMENT CLUB ‘The San Francisco Chapter met for dinner at the Dom- ino Club, and a general meeting was held at the executive offices of J. H. Pomeroy & Co. on November 16. A recorded niessage was heard from President Lindsay and the alumni received a report of the newly formed Invest- ment Club within the chapter. Monthly meetings of the investment group will be held and this new program was received with general enthusiasm and interest. NEW HAVEN CHAPTER David Beatty, public relations manager of the Coloni- al Bank & Trust Co., Waterbury, Connecticut, was the guest speaker at the December 2 mecting of the New Haven Chapter. His subject was “The Impact of Mag- netic Ink Character Recognition Systems on Banking Accounting.” ‘The dinner meeting was held at the Waterbury Coun- try Club, and the alumni received a Development Prog- ress Report from Henry Y. Porter, Alumni Executive As sistant at the School. WESTERN NEW YORK MEETING ‘AT CAZENOVIA ‘The annual mecting of the Western New York Chap- ter was held on October 10 at the Lincklaen House in Cazenovia. Edward J. Powers, National President, spoke at the dinner on his experiences at the Boston Garden. ‘At the business meeting in the afternoon, the follow- ing officers were elected: Gideon M. Blaisdell, D 38, President; Lester G. Weighill, D 30, First Vice Pres dent; Joseph W. Martiney, D 27, Second Vice President; Lewis E. Williams, D 30, Secretary; and Carmen F. Bruno, D 28, Treasurer. 16 Development Fund at $400,000 MOVING forward steatiy in the past few months the Development Campaign has reached the $400,- 000 mark and the many teams of volunteers will con- centrate thei efforts towards June I, 1960 deadline for Completing the solicitation ‘Reports from Regional Chairmen indicate that several areas are planning to. conduct their personal contact Programs in the next thee month whidh shoul elect {substantial increase in the national figures by spr Tibbebes ws tes eabag es ewes ties esis oa ton, Los Angeles, San Francisco, Texas, Colorado, Ohio, and the Southeastern United States. Special Gifts teams are also using the June 1 target date to complete their program covering the areat of Industry, Public Accounting, Banking, Insurance, At- tomeys and Foundations. ‘Alumni employed by the General Electric Company have responded in an excellent manner to the C. E Corporate Alumnus Program which provides a match: ing gift arrangement by the company. As of December 31, approximately $5,000 in gifts had been received from this source and G. E. alumni have pledged more than $15,000 to date for payment during the next three yearn ‘A geographical summary of reported pledges is pre- sented below: SUMMARY Area Amount Maine ... e $ 6.395 New Hampahire "5698 = £096 78,754 35,147 Norfolk 23011 North Shore 9,935 Merrimack 15,643, Plymouth 13,090, Bristol 11,140 Cape Cod = 3,000 Worcester © 5390 Springfield 3219 Pittsfield 93130 Rhode Island Connecticut Greater New York-New Jersey .. Eastern New York Western New York « Philadelphia-Delaware Washington-Baltimore Virginia Ohio Detroit Chicago on Southeastern United States Southwestern United States California Women’s Division Canada and Foreign Totalc THE BOOK CORNER ‘The Book Corner will be a regular feature of the Bent- ley Alumnus through the cooperation of Library Direc- tor, James A. Boudreau and his staff. Newly acquired book's willbe listed on the basis of timeliness and general reader interest. ACCOUNTING ACCOUNTING SYSTEMS IN MODERN BUSINESS. By Eldred A. Johnson, McGraw-Hill. $7.75. The author has ‘succeeded in integrating the mass of material which under- lies successful systems work—manual accounting methods, principles and procedures of systems design and installation, and effective application of accounting equipment both me- chanical and electronic. MANAGERIAL ACCOUNTING. By Harold Bierman, Jr. Macmillan, $7.50. Aimed primarily at the non-accounting ma- jor who views accounting as a management device, this book ‘emphasizes the basic problems and theories of accounting while minimizing its techniques and procedures. BUSINESS ADMINISTRATION BUDGETING PRINCIPLES AND PRACTICE. By Her- ‘man C. Heiser, Ronald. $10. A worthy addition to the growing library of budgeting literature, this book discusses the budget as a management tool in planning, coordinating, and controlling the business enterprise. Of particular note to Accountants i the importance ascribed to accounting in the budgetary process. MEN AT THE TOP. By Osborn Elliot. Harper. $8.5. ‘The managing editor of Newsweek analyzes the men who run ‘American business, considering such topics as who they are, hhow they got there, how they live, what they think and be- Tieve—in short, what makes them tick. ECONOMICS ECONOMICS FOR PLEASURE. G. L. S. Shackle. Cam- bridge University Press. $3.95. In an effort to show that eco- nomics can be “interesting and even fascinating.” the author hhas come up with a highly readable and lucid explanation ‘of economic theory. MONEY. D. H. Robertson. Univenity of Chicago Pres $2.25. First published in 1922 this guide to the principles of money and banking policy has become a model of economic vwritng EDUCATION ‘THE CHILD THE PARENT AND THE STATE. James B. Conant. Harvard University Press. $3.50. An enlarge- ‘ment upon the ideas and recommendations expressed earlier in The American High School Today. Must reading for any- fone interested in the what and how of American secondary education in this period of crisis. THE EDUCATION OF AMERICAN BUSINESSMEN. by Frank C. Pierson and Others. McGraw-Hill. $7.50. HIGHER EDUCATION FOR BUSINESS. By Robert A. Gordon and James E. Howell. Columbia University Pres. $5.50, Are schools of business, (and departments of business), succesful in preparing their graduates to assume vital roles in business? These two independent studies, the first under Camegie Corporation Sponsorship, the latter Ford Founda- 7 Notes from the Bentley Library ‘BENTLEY LIBRARY HOURS ‘Monday-Thursday 8:30 A.ALS:30 PM. Friday 830 A.M430 PM, tion, after intensive investigation reach the same conclusion— ‘American business education leaves a good deal to be de- sired. Both surveys suggest that greater emphasis on general education at the undergraduate level with drastic curtailment in the applied business courses would bring the understand- ing and perspective so esential to the business leaders of GOVERNMENT AND POLITICS ADVISE AND CONSENT. By Allen Drury. Doubleday. $5.75. Many feel that the most effective literary device for epicting reality is the novel. This fictionalized account of the U.S, Senate, in addition to holding bestseller honors, en- joys the further distinetion of being assigned reading for freshman government clases at Harvard, CANDIDATES 1960. Edited by Eric Sevareid. Basic Books. $495. Nine Washington journalists analyze the politcal per sonalities whom they teel are most in contention for the presi- dential nominations in 1960. Motive—“An attempt to alert the intelligent voter before the political publicists have, subtly or overtly, been able to color his judgment HISTORY ORIGINS OF THE AMERICAN REVOLUTION. By John C. Miller. Stanford University Press. $7.50. —That rare achievement of historical waiting wherein the historian sic- cessfully combines a proper regard for scholarship with the ability to breathe life into the events and personalities of his- ‘ory—in this case the events and figures covering the ten years prior to the American Revolution. THE SECOND WORLD WAR. By Winston C. Churchill and the Editors of Life. Houghton Mifflin. $25. ‘Two strike ingly handsome volumes which combine wonderful Churchil- Tian prose with hundreds of the most-memorable photo- sraphs and paintings which came out of World War II SCIENCE, LAROUSSE ENCYCLOPEDIA OF ASTRONOMY. By 1. cien Rudaux and G. DeVaucouleurs. Putnam, $15. This ex: citing presentation of everything pertaining’ to Space, the Universe and the celestial bodies i+ guaranteed to provide endless hours of enjoyment to young and old. WHAT IS CYBERNETICS. By G.T. Guilbaud. Translated by Valerie MacKay. Criterion Books, $3.50, It is impossible in our day to escape the fascination that comes cept of mechanical brains which run factories, guide missiles and supply almost instantaneous answers to the most fan- tastically complex mathematical problems. Cybernetics ie a new science which, among other things, concems itself with systems of control and communication in animals and mi chines. This book, intended for the layman, discusses auto- ‘mation, code systems, the theory of games, and the parallels between artificial mechanisms and living organisms. Tes value lies in the fact that “it has brought within intelligible range of the layman practically all the central ideas which cluster around the concepts of information and contro.”pan] BOOKKEEPING AMERICA’S MOST WIDELY USED SINGLE ENTRY SYSTEM aU a CR ry DOME IMPROVED PAYROLL BOOK For Smaller Firms having 1 - 25 Employees nr PNT Wy rare tor 25° DOME Short Cut PAYROLL BOOK Fer Fert hoving 1-50 employees Sol ot Sion: Eerabre ye et eed Pear eer ee rene reer eee 18 ECONOMICS COURSES AVAILABLE TO ALUMNI Two courses in Principles of Economics (3 are being offered be- ‘One section will meet semester hours credit ginning this month. sixteen Friday evenings from 6:30 p.m. to 9:00 p.m. The other section will mect sixteen Saturday mornings from 9:15 a, m. to 11:45 am, Paul R. Nichols, Ph.D., Associate Pro- fessor of Economics at Simmons College, will teach both sections. The tuition charge is $48.00 DELTA OMEGA SORORITY The annual pinning ceremony of Delta Ome; ity was held on December 9th in the hall of the Univer- sity Lutheran Church in Cambridge, at which eighteen freshmen girls were pinned, Evangeline Tsialas, D 58, gave a most interesting talk con her business experiences. Doris Pianka, D 56, also gave pertinent information on business situations, president, and Phyllis Edgar, vice of Mary O'Toole president, were co-chairmen. They we ficers and senior sorority members, assisted by BETA SIGMA ALPHA SORORITY ‘On December 11th, Beta Sigma Alpha Sorority (e ning) had their pinning ceremony, at which 46 initiates Anastasia Martinos, Donna Antonelli, were pinned, and Catherine Gilleo were assisted by members of the sorority council, Mary Flattery, one of the council members, showed colored slides of the dinner party in Foxboro, the instal- lation of officers in May, and of the outing in Marble- head last June Refreshments were served, and the rest of the eve- ning was devoted to discussing a fashion show for next May ALPHA GAMMA PI FRATERNITY On December 15, 1959, pledgees of the fraternity be gan the final part of their pledge period—“Hell” night After successfully completing this phase, the new mem: bers were formally sworn in at a banquet given in their honor ‘A business meeting was held early in January for the purpose of placing the new members on various com mittees. The fraternity also enjoyed a bowling party on January 10 as part of their sports activities program. Alpha Gamma Pi has lost contact with a number of alumni members through the years as a result of mili- tary service and occupational relocation. Members in- terested in the current asked to contact President Ronald D. Carter, watha Road, Mattapan 26, Mass, ivities of the fraternity are 5 Hia-€ $n Momoriam Harry E. Cook Wyatt L. Richardson ick J. Langone ‘Aaron Cook Roger K- Jewett 1. Mark Reagan Aifred J. McGuinness ‘Joneph Lencewi Waino H. Tervo Hillard $. Goodale James L. Hult John J. Mahoney James J. O'Brien David Shaktoman P, Elmer C. Carleton Mites F. Ham ‘Amor J. Cameron, Predesick H. Pupke Frank A. Reddy" John F. Murray “Thor Thoner William C. Durfae Walter W. Werner Reunion Day, June 4, 1960 Plans are underway for the 6th Annual Bentley Re- union Day on Saturday, June 4, 1960 at the Hotel Sheraton-Plaza. Members of the following classes are asked to check their calendars now and complete details will be forthcoming from Director of Reunions, Robert C. Daley, D 50: Evening 1920-21 and Day and Evening Classes 1925, 1930, 1935, 1940, 1945, 1950, 1955. Carbon Black . .. (continued from page 12) Shops, Inc., near Pampa, Texas, does general fabricat- ing as well as building material and equipment for all of the Cabot industries, and is one of the world’s leaders in the building of oil field pumping units and portable well drilling and servicing equipment. At the present it also casting and rough-turning gun tubes for the govern- ‘ment. Experience Leads to Diversification Cabot Engineering Company is an outgrowth of Cabot Shops, which once had its own engineering and construction crews. Cabot Engineering Company now docs the structural and equipment design and construc- tion for all of the Cabot industries throughout the ing into other fields where company back- ground and know-how has been used to advantage, Re- tort Chemical Division of Cabot Carbon Company pro- duces pine tars, charcoal and charcoal briquets at its plant in Gainesville, Fl ‘The Minerals Division of that company mines and processes wollastonite at a plant in Willsboro, New ‘York. Wollastonite, a nonmetallic white mineral, is used in exterior paints, structural clay products and vitreous whiteware, and as a filler in synthetic rubbers and plastics, ‘The Chemicals Division produces Cab-O-Sil at its plant in Tuscola, Illinois. Cab-O-Sil, a nearly pure si ‘con dioxide, is used in silicon rubber, paints, varnishes, lubricating greases and polyester plastics. Cabot Mexico, S.A., the most recent addition to the organization, has started development of wollastonite mines near Mexico City, Mexico, With the organization's background in high tempera- ture equipment and refractory construction, Petrocarb Equipment, Inc. was founded as an engineering concern in this line of work. Later it became Petrocarb, Inc., and at the present it not only is an engineering organ ization specializing in the construction of high tempera- ture and refractory equipment in the industrial carbon field, but is also a supplier of solid reagents and equip- ‘ment to the metallurgical industry. 19 ‘Texas Butadiene & Chemical Corporation, in which Cabot holds a substantial investment, operates a petro- chemical plant in Houston, Texas, for the production of aviation gasoline and butadiene, the principal raw ‘material for synthetic rubber. Growth Due to Philosophy of Policy The growth of the Cabot organization is duc, to a large extent, to the philosophy of its policy. These aims, as stated by President Thomas D. Cabot, in part are: “We all want to make our company the best to do business with and the best to work for. We want to build on a firm foundation—a foundation of service— of service to our customers and to our community, We want to strengthen the democratic society of which we are a part and to take our share of the international re= sponsibility for a free and peaceful world “Our competitive aim is founded on the technical superiority of our products, processes and facilities. believe in competition and measure success by our abili- ty to compete for customer favor. “Our aim is to have an organization where there is free interchange of ideas without barriers between lev- cls, where each individual has a maximum of responsi- bility for his part of the job, where each division or de- partment is as autonomous as is economically possible, where there is a minimum of centralized supervision, and where decisions are made at the lowest level at which all of the pertinent facts normally merge. “*These goals can be realized only if we have an of- ganization of the highest character—the best of indi- viduals conscious of ther responsibilities to one another. To build such an organization means not only fair pay, good working conditions, and real security for the fue ture, but alo full and fair reward for individual merit and recognition that the real measure of achievement the achievement of the team as a whole. Above all, it means a career with Cabot must be the kind of job that is worthy of the lifetime devoted to it ‘An interesting note on the Cabot organization is the fact that there are now three generations of the family represented in its ranks. Dr. Godfrey Lowell Cabot, founder of the parent company which carries his name, now in his 99th year, is chairman of the board, ‘Thomas D. Cabot, his son, is president, and Louis, his grandson, is a vice president and treasurer.Through the Years E24 Attorney JOSEPH J. MUL. HERN of Jamaica Plain has been named to the Board of Regional Community Colleges by Governor Furcolo. Mr. Mul- hhemn is alio on the Real Estate Board of Registration, E24. At a recent mecting of Merri mack Valley Chapter, National Associa- tom of Accountants, WILLIAM HARD- ISTY was presented with a plaque in hhonor of his retirement from active busi- ness life and in recognition of his service to the ascciation, “The award, inthe form of a life emeritus membership in the National Awociation of Accountant ‘was the frst to be given to a member of the local chapter. Mr. Hardisty was cost ‘manager of Champion-International Pa- per Co. until his recent retirement "Vhrce officals of the Rockdale Stores organization in Turners Falls were hon- fred recently at a dinner at the Weldon Hotel in ‘Greenfield on the occasion of their promotions to. vice president. ‘Among them was HARRY L. ROSEN. BERG, who for the past seven years has held the position of comptrelir E 26 FRANK H. CASHMAN of Nor well has been named manager of the new ‘Alsin Hollis & Co. fuel sore in Hanover. D 27 THOMAS F. BOYLE has pur- chased a. driven package store at 197 Merrimack Avenuc, Dracut, Mass. D 29 The Old Colony Trust Co. has lected HOWARD M. MORSE of Need hham assistant vice president. Mr. Morse joined the First National Bank of Boston jin 1929, The. Firt i allied with Old Colony and he has served both institutions fa real estate officer. WILLIAM H. PITCHER is office manager for Roth & Strong, management consultants in Boston E 29 Lieutenant Colonel GUSTAVE R, JOHNSON has heen on active duty ie Peres Kaos: Riso wT tended the Methods of Instruction course At the Armour School. Colonel Johnson Commands the Ist Training Batialion of the 3425th Quartermaster Unit Training Genter. He presently owns and operates his own real estate and insurance busi- nev at 60 Central Avenue in Lynn D 30 The appointment of EDMUND J. CARLONE” se vice president has incen announced by John Simmen, pres- dent of the. Industrial National’ Bank, Providence, R.I. Mr. Carlone has been assistant vice president since 1956. and was in the Commercial Loan Division un U his promotion. He has been with In- dustrial since 1930, having served a as fintant manager and then manager of the Atwell Avenue Branch Bank Vice President EDMOND J. CARLONE, D 30 E30. The Board of Directors has an- pounced the lection of ROBERT F. MULLONEY as an assistant vice presi: ent at the First Nat ton. Mr. Mulloney i Kenmore Office DBL The Board of Directors at Wright Machine Co, Inc, Worcester, hi lected. EDMUND "T. KINNIERY as feontroller and also renamed him assist fant trasurer. For many years Mr. Kin- niery worked for the United Fruit Co, and he came to Weight in 1947 a8 head ‘of the Accounting Department and office manager E32 RICHARD ODELL, Temple, N.H. selectman, was recently elected dic rector of the New Hampshie-Vermont Breeding Association. D 33. FRED A. SCHNEIDER is mar ‘ager of general accounting at Perkin tmer Corp, Norwalk, Conn. ‘A now Hartford accounting firm with we name of Slade, Massa & Co. has been formed, aecording to an announcement by the two. foundersCHESTER. B. SLADE of Suffield, Conn, and Andrew HL Masa of Bloomfield, Prior to forming this new business Me, Slade wat in charge of the Ernst & Ernst Tax Department in Hartford. Mr. Masa, a graduate of the Univenity of Hartford, was ao asociat- ced with Ernst & Beast E33 GEORGE W. TOOMEY of Nasivill, Tenn, formerly of Lynn, a Seteran Internal Revenue Service employ ey has been named chief of the review aff in the Nashville Audit Division. Mr. Toomey entered the Internal Revenue Service in May, 1953, at Philadelphia, Pa. Since that time, he has worked in Memphis, Boston, and Nashville. He has theen a group supervisor in the Field Audit Division forthe past three yeas. 20 D 34 WILLIAM E. MILLER has an- ‘nounced the opening of a public account ing office at 887 Main Street, Melrose, Mast Mr. Miller’ includes eight years as a credit seven yearsasa bank manager, e as a public sccountant and three years ts an office manager. He is an associate member of the Massachusetts Society of Certified Public Accountants. D 35 JOHN F. BARRY, president of the West Lynn American Litue League, was recently named for the Lynn Item's Bouquet of the Week. Mr. Barry, an em- ployee of the General Eletrie Coy. and flo a partner in the insurance firm of Barry & O'Connor, has evidenced his eiv- fe sprit in many other avenues of service E35 ROBERT A. CASWELL of North Quincy has been promoted to as- Sintant manager of the Accounting De- partment of Eastern Gas and Fuel AS. foclater and elected. asistant. auditor of ‘New England Coke Co, and Mystic Trans Works, local subsidiary companies of Eastern, Mr, Caswell wil also be elected fmistant auditor of several other sub- fidiaries at the next meeting of the die D 36 CARL F. CHESLEY has been appointed comptroller for Great South- em Industries, Ine, Orlando, Fla ‘WILLARD §, HATCH has been made ‘director of CH. Sprague & Son, Co, Boston. Mr. Hatch is controller of the ‘company. Captain EDWARD R. KINGMAN, 80, USN,, formerly attached as officer in charge of the Navy Area Audit Office, Norfolk, Va, has been transferred 10 Washington, D.C. as director of Bld op erations, Office of the Navy Comptroller. E36 FARL W. HARLOW har as sumed new duties as assistant works man ager of the Jacquard Knitting Co, Nor- town, Pa. subsidiary of Draper Corp., Financial Manager ERNEST F. SCHEMPP, D 37 c