INF) YC SH lummnus VOLUME IV, NUMBER 1 WINTER, 1961 Bentley Graduates Everywhere 1am pleased to announce that favorable action was taken on January 26, 1961, by the Massachusetts Board of Collegiate Authority on our request for: (1) the right to change the name of the School to Bentley College of Accounting and Finance; and (2) the right to confer the ( degrees of Associate in Science of Accounting (A -)> and Bachelor of Science in Accounting (B.S.A.). Insufficient time prevents outlining details in this is- sue of the ALUMNUS. In the Spring issue there will be a full presentation of the curriculum and suggestions of interest to those of our Alumni who may wish to work for a degree. To those of you who came to our aid and had an ac- share in our reaching this goal, I offer my deep appre- ciation and thanks. That you always may maintain loyal interest in the College, and enjoy the prestige which is bound to stem from such association, is my fervent hope Always most cordially yours, PresidentPUBLICATION COMMITTEE Same O: Har, B32 Jems i ating, D8 VOLUME IV, NUMBER 1 WINTER, 1961 NATIONAL ALUMNI OFFICERS Wane DuaayR, Yo Paint ee CONTENTS Dirctor of Punsiag "TIVE PROMOTIONS FOR BE ‘TLEY BOSTON CLUB 5 een GOLD EXODUS—US. ECONOMIC RELATIONS Teaslbate PROBLEM—Benjamin M. Perles, Acting Chairman, soenaees Economics Department 6 Vie Predont, Dean of Feely is CONSUMER CREDIT DEMAND—SPUR TO IN-PLANT ALUMNI OFFICE BANKING SERVICES- William R. Kennedy, B39 8 Robert W. Kina, NERAL EDUCATION BUILDING—TRIBUTE TO ALUMNI 11 eee gee FRATERNITY AND SORORITY NEWS 1 Raymond F. Sundstrom, J, Director 1961 REL ION PLANS 16 ‘THE BENTLEY ALUMNUS is pub- THE BOOK CORNER 7 lished quarterly: Winter, Spring, Summer, and Fal. . THROUGH THE YEARS—Class News 18 = Member of AMERICAN ALUMNI COUNCILAlgnni Gre Chapler Views CHAPTER OPERATIONS MEETING ‘Matthew J. Murtha, E 38, Director of Chapter Op- rations, reports that a most successful meeting of New England chapter presidents and vice presidents was held at the University Club on Wednesday, February 8. Following opening remarks by Alumni President George P. Kinsman, a general discussion of chapter op- trations was Jed by Chairman Murtha and the various subjects covered were: meeting frequency, ladies nights, chapter directories, possible realignment of certain chapter boundaries, technical speakers, more emphasis, on social programs, utilization of recent graduates, and development of strong town and city committees. Robert W. Kimball and Henry Y. Porter were present from the Alumni Office and briefly outlined the de- ‘gree programs which will be initiated as a result of the degree granting approval just received from the Board of Collegiate Authority GREATER BOSTON CHAPTER SPORTS NIGHT. Ed McKeever, General ‘Manager Patriots, was guest speaker at the November Sports Night held by the Greater Boston Chapter at the University Club. Mr. McKeever is well- known to Boston for his years at Boston College as assistant coach under Frank Leahy, assistant head coach at Notre Dame, and head 1 coach at Cornell, Louisiana State University and Uni- versity of San Francisco. ED McKEEVER In professional football, Ed was head coach for the Chicago Rockets in the All-American Conference. McKeever not only brought Johnny Lujack to Notre Dame, but as chief scout for the NFL New York Giants, he brought them Don Chandler, Phil King and Jim Patton. On hiring him, Billy Sullivan, President of the Patriots said, “Ed McKeever isa great procurer of football talent. That's why we particularly wanted him.” Frank Leaby called him, “the best procurer of football players in America. Ed’s main topic at the Alumni meeting was the future and the success of the Boston Patriots. ASSISTANT ALUMNI SECRETARY ADDRESSES MID-WESTERN CHAPTERS. ‘Traveling on the fall chapter circuit, Henry Y, Porter, Assistant Alumni Secretary, was guest speaker at several alumni dinners i cluding Cleveland, Detroit, 4 Chicago, Western New York | and Cincinnati. Mr. Por- ter’s hobby for over thirty ‘years has been collecting au tographed photos of cele brities including United States Presidents and high government officials, musi- cians, actors, politicians and World War I personalities, His collection consists of nearly 10,000 autographed pic- tures, and his most inclusive group is that of the Presi- dents, their wives and cabinet members from George Washington to Franklin Roosevelt. This portion of his collection has been adjudged by experienced collectors to have no equal. Other leading personalities in the col- lection are Hitler, Mussolini, Churchill, Caruso, McCor- mack and General Pershing. Prior to joining the Bentley Staff, Mr. Porter was as- sociated with the law firm of Nutter, McClennen & Fish as a tax specialist. He was also treasurer of the Merri- mack Manufacturing Co. in Lowell ‘Mr. Porter has been active in Bentley affairs since his graduation in 1927 and is known by many as father of the Beta Tau Alpha Fraternity. He has been alun secretary of the Fraternity since 1930 and served as grad- uuate counselor for many years. HENRY Y. PORTER, D 27 WORCESTER CHAPTER ROUNDTABLE ‘The December dinner meeting of Worcester area alum- the Sterling Inn on Route 12 proved to be one of the most interesting to date. Dr. William O'Keefe and Mr. Benjamin Perles, respective chairmen of the Law and Economics Departments at the School, formed a panel group with Alumni Secretary Robert W. Kimball as moderator. Dr. O'Keefe discussed the proposed de- agree program of the School, and Mr, Perles presented a paper on the Gold Flow Problem. ‘The ensuing question period finally resulted in a time deadline in order to permit the speakers to return to Boston in time for class- es the next mor A social hour before a cheery fireplace preceded an ex- cellent roast beef dinner. Chapter President Richard Meagher was chairman of this very successful meeting,Executive Promotions Recent Board of Directors Meetings at United Fruit Co, and U.S. Smelting Refining & Mining Co. of Boston, have resulted in the advancement of two Bentley Trus- tees to senior executive positions. Albert E. Carpenter of Brookline was elected vice president of finance, and J. George Gange of Winchester became senior vice presi- ‘dent of the respective companies. Mr. Carpenter has been associated with United Fruit since 1923, when he accepted a position in the Account ing Department of the Boston office. Assignments in the New York and New Orleans offices as divisional ac- countant led to his appointment in 1944 as chief ac~ countant of the company and its sixty subsidiaries. In August, 1958, he was elected comptroller. Mr. Gange joined U.S. Smelting in 1924, shortly: after graduation from Bentley School. After several years in the Boston office, he was assigned to the audit staff and traveled extensively throughout the United States, Mexico and Alaska. In 1943 Mr, Gange returned to the administrative of- ‘Albert E. Carpenter, D2 J. George Gange, D&A fices in Boston where he advanced progressively to comptroller, and in 1953 he was elected administrative vvice president and a director of the company. He is also 1 certified public accountant and an officer in several corporations. Boston Luncheon Club Speakers William E, Turkington, President of the Bentley Bos- ton Club, has released the following schedule for Febru- ary, March and April. These monthly luncheons are held at 12:30 p.m. at the Union Oyster House, 41 Union St., Boston, Guests of alumni are most welcome. Date Speaker Subject Feb. 21. Winthrop B. Walker, ‘The Federal Reserve Rockland-Atlas Bank System and Our Daily Lives Mar.28 Edgar M. Mills, ‘Major Issues on Bea- Christian Science con Hill Monitor Apr. 18 Edward W. Gallagher, “Beware” Boston Better Business Bureau WINTHROP B. WALKER is the executive vice president and a director of the Rockland-Atlas National Bank of Boston. He is ‘a graduate of Bowdoin College and of Harvard Law School, Class of 1939. He is also a graduate of the Graduate School of Banking at Rutgers University Mr. Walker came to the Rock- Iand-Atlas in August of 1959 after having been a vice president at the Canal National Bank in Portland, Maine. ‘The Federal Reserve System plays a vital role in our financial and economic structure and Mr. Walker's re- view of its effectiveness as a control lever should provide a reassuring message for our alumni. EDGAR M. MILLS, political editor for the Christian Science Monitor, has been covering Mas- sachusetts and New England poli- tics for more than 25 years. Mr. Mills was educated at Boston Uni- versity where he majored in journ- alism, and his political writing started with the administration of Boston Mayor Frederick Mans- field in 1934. He was honored in 1953 by winning the Boston Press Club's Amasa Howe award and the New England Newspaper Guild’s Heywood Broun award for the best newspaper writing on public issues. With a new administration underway at Beacon Hill, his subject is most timely and an should result EDWARD W. GALLAGHER is manager of the Better Business Bureau of Metropolitan Boston and has been associated with the bureau for the past 35 years. He is a member of the Board of Gov- emors of the Association of Better Business Bureaus and as chairman of the Advertising Standards Com- mittee, Mr. Gallagher has directed the establishment of fair practice standards in many fields of merchandising. His talk “Beware” will highlight major experiences and cases handled through the Better Business Bureau. Thus our final program for the season will bring a subject of local interest to all alumni.Gold Exodus U.S. Economic Relations Problem By Benjamin M. Perles Associate Professor Acting Chairman, Economics Department ‘The Problem IF ALL of the dollar holdings owned by foreigners ‘were converted to claims against the United States gold supply, this country would be unable to meet its obligations. Tnsistently large flows of gold to foreign cen- tral banks from the United States Treasury and the re- cent dramati speculation in gold by private interestshave shocked the United States into a realization that interna- tional economic and financial relations are important. Legitimate actions taken by foreigners acting in their ‘own self-interest can drastically affect our gold supply, ‘our money supply, and our economic well-being ‘The magnitude of the problem is indicated by the fol- lowing data, expressed in round numbers. In 1958 the United States suffered a deficit in foreign transactions of about 3¥4 billion dollars. Foreigners claimed over two billion dollars of this amount in gold. A 1959 deficit of four billion dollars resulted in claims of over one billion dollars in gold. Although data are not yet complete at the date of this writing, itis expected that the foreign claims against U.S. gold in 1960 will be about as great as those of 1958 and 1959 combined. The United States inventory of the yellow metal is currently in the neigh- borhood of 18 billion dollars, roughly half the world’s supply. But of this amount, about 1174 billion dollars worth is required as a legal reserve for our own domes- tic money supply, leaving only a slender balance to meet further foreign demands The above statistics indicate that the United States is not merely losing substantial amounts of gold but that foreign holdings of United States dollars are also in- i, thereby placing this country in a potentially ‘even more embarrassing position. How the Problem Arose United States dollar deficits have arisen from the fact have been giving away, spending and investing money in foreign countries at a greater rate than foreigners have been doing this in the United States. Analysis reveals that our balance of exports over imports in goods and services has been showing a sub- stantial surplus. The deficits result largely from both short and long-term capital flows. Short-term capital flows are very much affected by rates of interest in various countries. Other things be- ing equal, investors prefer a higher return to a lower return. Interest rates in other countries are presently much higher than those in the United States, causing a large outflow of dollars. This outflow has been more than large enough, during recent periods, to offset the foregoing surplus obtained from the sale of goods and ‘Long-term capital flows include government aid. For many well-known reasons, this has chronically been deficit area. Recent increases in this deficit, however, reflect not government aid, but large private investments by Americans in foreign—especially European—manu- facturing. Dollar deficits, however, are not automatically gold flows. To illustrate let us suppose that a foreign mation- al sold his investment in the United States and received $1000. The U.S. Treasury would not give him gold for his dollars. But the investor could convert dollars to his local currency through his local banking system, ‘The $1000 might ultimately reach the central bank of his, nation. Whether the $1000 will be converted to gold depends upon the policy of that central bank. The U.S. ‘Treasury will convert dollars to gold on request, at about ‘$35 per fine troy ounce, but the foreign central bank ‘might prefer to hold the dollars. The United Kingdom, for example, turned in the net amount of 1% billion dollars in exchange for United States gold duting the years 1958-1959. During the same period Germany and Canada made no wet withdrawals of gold from the United States, although they were potentially very much capable of doing so. Possible Ill Effects of Gold Flow Although gold is no longer passed from hand to hand in the United States as currency, it stil has an import- ant effect upon our money supply. As was previously stated, the value of gold stands at $35 per ounce. If this were devalued, that is to say, if we were willing to pay a larger number of dollars for an ounce of gold, then this would have an immediate adverse effect upon the ‘monetary and banking systems of friendly allied nations, many of whom maintain large monetary reserves and dollar balances of gold. Tn a sense, for the past several years, the United States has played the part of the Gentral Bank of the Free World. It would accordingly be a grave breach of trust to vietimize those friendly na- tions who have relied upon our monetary stability.Gold Stock of, ddrited S States Treasury Source: If massive withdrawals of dollars were made for the purpose of purchasing U.S. gold, the reserves of the com mercial banks of our country would be seriously dimin- ished. This reduction in bank reserves can cause a re~ duction many times its original size in the deposits of the banking system. ‘This reduction in both the reserves and deposits of the commercial banks would immediate- ly reduce their lending capacity. It requires lite imag- ination to visualize the posible chain of events: marked decline in the value of securities in the stock market reduced business ivity; failures; unemployment; and adverse effects upon all portions of our economy which, rely directly or indirectly upon our banking system for funds, Rem ‘The serious chain of events described above is not likely to occur if proper precautions are taken, and there is every indication that they will be taken. ‘The fundamental problem, of course, is that of elimin- ating the deficit in foreign transactions. An ebvious me- thod, often mentioned, is for the United States to aggres- sively encourage more export trade. Other nations may assist by reducing barriers against United States prod- ucts. Another solution, though probably less desirable, is for the United States to reduce imports of foreign products. Retaliatory action would probably make this technique self-defeating, if it were not rejected on other grounds, ‘Another obvious solution would be to request that some of our now prosperous friends carry a larger por- tion of the burden of foreign economic and military aid. This will mect with resistance, but it is fair to assume that the U.S. will obtain more assistance from her allies in these valuable programs. Foreign aid could also be $332 2 2-302 ge % Federal Reserve Bulletin, Nov., 1960 tied in with the provision that the dollars be spent in the United States. only the portion of foreign dollar holdings ately held (as opposed to the substantially larger holdings by central banks and international in- stitutions) soem sensitive to interest rates, the aggregate amounts ate significant. The central banks of foreign nations should be encouraged to lower their rates, so that they will be more in line with United States rates, making it relatively less desirable to shift investments already in the United States. There is evidence of this type of co-operation in England and perhaps, soon, in other counties. Te logically follows that the interest rate in the United States should be increased, making it less desirable for foreign investors and bankers to convert their dollars to other currencies ‘There has been some criticism of the United States Treasury Department for not selling gold on the open ‘market to knock down speculative gold prices. There is some doubt as to the legality of such a move, and the Treasury has avoided this type of response to market ices of gold. lly, it will be necessary for the newly elected administration to maintain a balanced budget, or at least to keep the deficit small, in order to avoid further reductions in the purchasing power of the dollar. ‘Thus it may be seen that the United States finds itself in a serious, but not irretrievable, position with respect to the gold supply. Although there are no obvious rea- sons for optimism, the United States will undoubtedly face up to the realities of the gold problem and admin- ister whatever medicine is necessary to maintain nation- al economic vigor.Consumer Credit Demand... Spur to In-Plant Banking Services By William R. Kennedy, E 39 President, Union Market National Bank of Watertown, Watertown, Massachusetts Gross Pay vs. Net Pay TTPHIOSE of us who worked on payroll preparation in the mid-thirties can well recall, that in most cases, net pay was the same amount as gross pay. How differ- ent the picture today. Gross pay has become a very nebu- lous figure devoured, except for tax purposes, by a myriad of payroll deductions. Last year in Massachusetts a new payroll deduction for State Income Tax was added and fn the horizon there appears another deduction gaining momentum and appearing on the payroll records of many progressive firms. It is the deduction for employee bank commitments associated with one of the many forms of in-plant banking, i., payment of loans and/or depos- its to savings or checking accounts. An attempt to trace the development, with reasons for the increasing pop\ larity of this in-plant banking concept, would require much more space than is alloted to the writer at this time. Suffice to say that automation and post-war growth of plant credit unions are prime factors. Credit Union Growth A recent press release, by the Credit Union National Association and appearing in the July 7, 1960 Wall Street Journal, stated, “Credit Union loans outstanding at the ‘end of 1959 totaled $3,699,276,427., up a record $621 million from 1958. ‘The previous high year-to-year growth in outstanding loans was $468 million in 1957. Savings by credit union members inereased $548 million ‘to a total of $4,382.470,759. in 1959, while the 1958 in- crease was $530 million. Reserves of credit unions were increased $37.7 million in 1959 to a record total of $235,- 395,959. The Astociation said that 19,825 credit unions ‘were in operation in the United States at the end of 1950.” In a recent release by the American Bankers As- sociation they stated that membership in credit u tals approximately 12 million— . Spokesmen expect the number to triple again in the next decade. Offices total 20,000—nearly double ten years ago—30,000 are expected within the next decade. Con- tinuing on, the growth of the credit union movement with its “on the job” financial services has been specta- ‘cular. Sources identified with this. movement give every indication that efforts to establish more offices will be accelerated in the period ahead Changes in Banker-Customer Relationship Banks in unimpressive numbers have, over the years, offered limited in-plant services but now at the urgency. of their state and national associations, are recognizing for the first time, as an industry, the great potential for developing this new service. Consequently, an increasing number of banks are now providing some form of in- plant service. From their experience, it has been estab- lished conclusively, that benefits accrue to employer, em- ployee and bank. It is within this favorable climate of advantages, for all concerned, that we look to the future for an accelerated interest in in-plant banking, At the outset, we must recognize that, during the peri- od of drastic change in the method of computing net pay, there has also been an equally dramatic change in the banker-customer relationship. This change has been brought about, in a lange measure, by a more sophis- ticated public together with a realization, on the part of the banking industry, that it had a product which could be offered to the masses. Consequently, many of the mys- teries of the personal checking aecount have disappeared and the dignity and productiveness of personal credit has been established. ‘There are many in-plant banking plans, but from a banking standpoint, the ideal is that which encourages payroll deductions for any banking services selected by the employee. From a realistic standpoint, however, the plan that has been the most readily adopted is that which ‘makes only the bank's loan facilities available to the em= ployee. Consumer Credit—Standard of Living Barometer ‘Most economists agree that one of the most important single factors contributing to the American high standard of living in this country is consumer credit. Through this type of credit the wage earner can purchase his auto- mobile, refrigerator, washing machine, television set, Cmake home improvements, pay medical expenses or bor- row to pay an accumulation of small debts. ‘Yet, although it is now a common and accepted prac- tice to finance purchases and borrow for various purposes these days, all too few people have a real understanding of this important subject. Many an employee is “buying” his personal financing at exorbitant rates of interest or other charges and, in addition, is often overborrowing un- der plans that are both unwise and impractical to his welfare. On the other hand, many companies are being hharassed daily with a large number of time-consuming. phone calls coming into their personnel offices trom fin- ance companies, installment credit houses and other credit grantors. In many instances employees, working for concerns that are not yet providing an “on the job” loan service, are taking valuable time from work endeavoring to ob- tain necessary financing to solve their problems. The adoption of an “on the job” loan service tends to elimin- Ate or at least minimize all of the aforementioned unfav- rable factors by providing employees with all the ad- vantages of bank financing and borrowing without the ‘employee having to leave the plant. Union Market Plan In our community we have had limited experience ‘with in-plant loan services, dating back to 1946. The concern we initially started with is still making this serv- ice available to its employees which fact we consider to be a strong endorsement of the value of the plan. Other selected customers of ours have been invited to partici- ppate in our Employee Bank Credit Plan and although the activity originating from these sources is relatively small, itis increasing yearly and holds much promise for the future. Our plan is introduced to the company’s em- pployees by letter either on bank stationery or plant sta~ tionery, depending upon the wish of management. We encourage payroll deductions but are not completely suc- cessful in getting management's approval. The plan can be successful however even in plants that do not permit payroll deductions. ‘The key to the program’s suceess, in our judgement, lies in developing a friendly rapport between the plant personnel department and the bank and in keeping the plan before the employees. This can be done by utilizing plant bulletin boards, having pamphlets on the bank services available in well-stocked literature racks together with a modest amount of direct ‘mail. Experience has proven that one member of the ‘bank organization should be designated to maintain the plant contact. In the pamphlet, which we enclose with the initial letter to employees, we state that employees, with a mini- ‘mum employment period of one year, are eligible to ap- ply. We further state that our experience has been that {90% of all loan applications made to us have been ap- proved. We encourage loan applications for the purchase ‘of automobiles, home appliances as well as loans to im- prove real estate and personal loans for any worthwhile Purposes. We have prepared a brochure which outlines ‘our Employee Bank Credit Plan. ‘This is used in discus- sing the plan with local industries. We list the following five points as fundamentals of our plan. 1, ‘The Management, without any responsibility on its part, makes available to its employees The Employee Bank Credit Plan by furnishing through the personnel office or offices, loan ap- plications and all other necessary papers. 2. Alter the employee has filled out an application and signed the necessary papers, Management verifies the period of employment and income, authenticates the signature of the applicant and forwards the completed application and other papers to the bank. Union Market will have a credit decision usual- ly within 24 hours, (rarely is a longer period necessary) after receiving the application. If credit decision is favorable, funds in the form ‘of a check will be mailed to the applicant either to the plant or to his home address, whichever he prefers. 4. After approval of the plan, Management an- nounces to the employees via bulletin board and other mediums the fundamentals of the plan. 5. Management arranges for distribution to the ‘employee a supply of pamphlets (furnished by the bank) that explain in detail to the employee the necessary steps to obtain various types of financing. We also review with management what we consider to be the cight strongest advantages for management and cight strongest advantages for employees accruing from. the adoption of our Bank Credit Plan, ‘TO MANAGEMENT 1. Employer has no responsibility for repayment of account, (On delinquent accounts the bank will be grateful for any assistance that Management may wish to offer.) inates need for wage advances. 3. Saves time of personnel office in handling out side credit investigations. 4, Plan can be used to supplement Employee Cred- it Unions which frequently are rather limited by policy. inimizes the possibilty of the employee's pay being garnished or attached with resultant extea inconvenience to Management. 6. Expands fringe benefits of Management to em- ployees by providing a possible source of econom- ical credit. 7. Brings bank to the employee with minimum amount of lost time. 8. The bank accepts full responsibility for all credit decisions, with no responsibility therefor at- tached to the employer.THE UNION MARKET ATIONAL BANK NK SERVICES BANK EXECUTIVE EXPLAINS INPLANT OPERATION Left to tight: Louis H. Stott, E31, Asst. Treas, International Equipment Co; Alfred G. Dixon, Pres, Inter Chester Av Baker, Ass. Vice President, Union Market Bat onal Equipment Co TO EMPLOYEES 7. Provides employee with financial peace of mind and thus encourages greater work efficiency 1. Opportunity to obtain funds at reasonable cost clps to avoid overborrowing. bank rates 8. Help 1 4 The writer recognizes that not all the pros and cons 2. Allows employee to file application and re- of in-plant banking have been thoroughly developed or ceive funds without leaving the plant. even introduced in this article, nor has there been a 3. ‘The employee acquires an opportunity to estab- deliberate attempt to present arguments which would Iish a prompt, valuable bank credit rating tend to favor one system over another. ‘The sole ob- jective has been to establish by reference that a move- 4. Service is fast and confidential. ment is well underway which should result in more in- dustrial concerns providing an in-plant service for its employees and to the extent that this is so, that many 6. Imparts a fecling of dignity and greater self-re ‘more concerns must provide spect to employee by dealing on a b 5. Affords a counseling service to the employee in financial matters. nk level on their payroll records,General Calapan Building Tribute to Ohlins “A tour of the new six-story General Education Building at 867 Boylston Street not only reflects the forward thinking approach of School Officers and Trustees but serves as tangible evidence of the loyalty and support of many Bentley Alumni located throughout the world. Contributing approximately $500,000 to date to the three-year Development Program, the Alumni and through their efforts corporations, foundations and friends have indicated their faith in the future educational plans for Bentley School. It is there- fore deemed appropriate to recognize in this and succeeding issues of the Bentley Alumnus those individuals and firms who have pledged. their supporto tis expansion program. 1961 ste concluding year in our three-year plan and additional contributors during this period will be listed in subsequent issues. EDWIN W. HUTTON, E31 Finance Chairman 1920 Harold A, MacKinnon Caroll 8. Mitchel Arthur J Maron EVENING. John J. Mclsase Sibert. Mundy Henry E Rauch NS John, Prendergast Francis 8. Marphy chard N. Raby es Wendell Resd Alfred Richardson Harold A. Sewell sa Costa Howard B: Richardson David E. Rowen Salg A Spelinan tee Frederick L. 8 Gaetano A, Setti Joseph A. Tansey wae Joseph Le Wells, Donald C Stout Eimer 6. Wentind Walisce Me Kemp Een ENING 24 1925 eae Ieving B. Pulsifer rears SA DAY Edward I. Raymon Ghatles W. Tucker pean Tames Alter eal F.Swanter Daniel B. Whipple Pee reres Aibere W: Bennett Kenneth B, Bean Garter Billings ml vs ives canna, pay anil F Dol chad Brcesan ‘Byron J. Anthony Mario, Amb fiat caapeat Robeit 1 Burne Richacd I. Bailey pas a Bee ‘Timothy F. Carroll ee Ivan E. Beal J.George Gange ae ance A, Considine tee eves Daniel F. Connors ‘Atherton Crowell y Cape oer Haven Flanders one e ‘John H. Fitetbbons Maran A: Hines Sankey B Fortean rant Hinrom John M. Gallagher George F: Horgan Henry W, Hammond ‘Arthur V. Kelley Samuel 8, Googe! ohm S, Keaon eaten ee John H.Killry eee Warren G: Marble Joseph Klein Wiliams McKenney Anthony Masel ‘Thomas Stevenson Wiles 2 Mekenoer Stuaee Hh Mere lara A. Utley Rayomnd A. Miller George R.Parsote Roy F Moher Jacob M. Zempsky Gardner W. More Nicholas Peetione Joxeph R Mongiae Frank Novaro Leo, Purell Frederick G. Payne EVENING Charles: Orin Senecl Savin Alber G. Peskine o: Anderson ee Harry Sickinger Hy Lanse dain G.Schols Sephen M. Whitney Eben Sm GrEhand Stacy EVENING Howard Sulivn Giifora W Stowe Weston B, Belcher Gal Uri Hugo B Trentint Roscoe W. Brook are Welln John A: Trotter James V. Brown Frank H. View Lester. Cahoon EVENING George J, Walwood Join Carol W: Cour Weiner fe © Cetey Frank T Ber John F. Whale james F, Cullen 1 Bradley z a James F: Donovan EveretjGroscep EVENING ery J. oy Franca: Dron “Garl \ Bader ‘Thomst A, Bunbar Arthur. Hawley Maurice E, Galdman Ghasles Hots Jpephat Haves David F- Houlihan ‘Theodore M. Love ‘Stanley Kinsey ViFoster Hutchins Albert P. Luscombe Frank B. Labuskt Henry M. Johnson Loring E. MeGowan Maurice M, Lindsay Francis J-Lombard Louis R. Lopez Harold W. Meyers Joseph V. Major James W. Manimon —please turn to next page rTLoyd H, Sin nvENING ae i Wilbert if. Starr Joho J. Barrett Tribute to Memmi faeces fed an (continued) tag Gyan 1 Renmi Gets Arthur J. MeDonald Charles G:Daby Ree eae Peet ia Rian eer Seep Haber ai jacob Sore Niners ABRTE Tredercks see Eng D Rabie iat ite EVENING eee Freie Seheaste ‘Ahar A Heat savas Aor Gordon Ae Sherwin Vicor Hagar GC: Raneth Rent George He Sacey Frank Sith Brett We Maney ee Wittin A Wente Daniel P. Wade Stephen Jaskiewicz Hearse - Bang ites janigoe re. ae Br We kane 1926 pees DAY pay Scuge A LeBeas rinsas Aibess Rolland E. Boucher 'W. Russell Locke Morris E, Alexander ‘Benjamin W. Cohen Jescph W. Martiney Joseph H. Austin: ‘Seymour G. Colby ‘Hialmar R. Peterson Forrest W. Barker EP Galene Hey Force eet pe Hartt Govern James Ht Blake Reginald D.Gurie tpt Boynton SP Drie Bale We Brown reek WC Edmund j Caione it oe Joep Cara RUD. Redvers Grimshaw Sydney ¥. Upton cere George G. Haworth Ellsworth D. Wakefield Roland M. Dennett Thomas ely George. Wels Tait Betas in’ apo: Kobe A Dorn Fane Mie | EVENING Maxwell Fes, Thomas FReone ‘Morgan F. Baxter ane Nocman 1. Hartson Robert V_ O'Sullivan Gan ead Cecil E: Haugh fetisny beat eee 120 viene Edward J. Powers ace oe Walter J- Hussey Paul J. Quinn pons Gieited Ralph G: Kendrick Hes} Richard ‘braun Hodes ‘Charles Andaloro Wkly J etna Louia J. Risman shasta Laat Edward Barker Ono E. Knwutunen Pally Sear Richard A Lats Keymond fsa pales Eeig bfatclbaam (bes Macthal Pai, Benjenin on eae Joephb, Tenet Jobe. Mates Ey F branmer Fee prac Mie M, Pubes ‘ancl A. Murray Harber Coe Sohn MeDenncl Seer Wes John ay Roler Cato WEB ects ‘Augustus C. Romani ‘Anthony J.J. Rourke Sc EVENING Edward C. Gudinore “Abert P. Ballard ee ea Fred 6, Gulverwell Baar Bucky Edward ©. Gurtin HL Cooper 1928 Kemer Dorr Tyoenl Greet J. Eliott Leap Hearts poe Georg Fontaine Ia “i Norman B, Aronson corge B, Fontaine Toho’ Bion Walter F- Braman Robert I, Forsythe Joseph Erker Je Edgar T-Brower Anthony £. Franco eH Hiker Earle B Brown Baward N. Fredericks Raliaaps: Roarmsy Garmen F- Brno Rom Mf. Girard rederck J. MeCarthy Elmer Chak ‘oun J Hallisey Donald G. Mortimer Lawrence H, Cousincau Erwin. Hannon Baward f, Murphy Edward 1. Couture Lewis R Howe Waker j Netion Jolin E. Cowles Afton G: Howland Emest A. Pearson EThomas Diorio ‘Walter 6. MacDonald Benjamin L. Rathbun T. Wesley Dobbins J, Pasl McAlpine John f. Shannon Archie J Dragoo Koy McPherson Dominick Scar Ghartes Drysdale ‘Timothy J. O'Gonnoe Berard He Sundberg Edward A. Fitgerald Raymond O'Keefe Blmer E. Tonneson Kenneth W. Ford "T, Olsen iam J. Wilot William L, Govort john T. Parsons. Orv F. Hagaman hares J. Pek foe, Gwenffrud Le Hamer 5. James Ricotta Lewis © Hatch Werner A. Ruggles Harlan T- Boynton pay ‘Anthony J. Jkt William ©. Ryan James M. Brian WV. James Aesuing Francis. Kennedy Daniel Schafer John) Callan 1 Bingham Robert M. Klocker Abert H. Shumway Maurice Ghadie Jama D. Blake ‘Thomas W. Koenig Kenneth A, Soutra Lester]. Finn Harold E. Blanchard Lawrence A Litchfield Robert B, Stackpole Lloyd L; Gion Louis T-Boueher ‘Austin T: Metaughtlin William K. Walters Elmer 6. Hering Louis A Boulet Harold M McNeal Harry Welienbers ert J. Himes: Co Baward Bresoshar Ernest J Meuten Lekoy Wels Prone Johet Russell 8 Gary [ames R. Milligan Robert B. Whitbeck Stuart. Rea Gilbert. Cheney Kenneth M. Peterson Laure B: Wickert Thomas C. Killion John 6. Gorskie Bernard J. Renkawite Stanley Wiggin John A. Ring Emest F. Cummings Dwight EStaltord Joseph J. Wyand George Hyten 12Clarence B. MacDonald Winthrop Neweomb Gani E: Nelion Walter B. Phelps Robert J Powers C ee Myron F. Williams Wallace D. Wills 1931 pay Mian Bch ae amg Baan a! ioe, Mews cere pee ee can jank Eee ter ie hme hee ipa ini runes, ed bln Mile Si Neco ae Bate CiSen i Hen ieee Yeo. vec a Jor Reman jee ie HEA ie Bert ean eesti iat ste RaStG Met Ae Meneeh C Beekaees Beret J. Moschell Felix E. Mozzer ‘Wendell T: Mudgett John E. Palmer RECEPTION LORRY IN NEW EDUCATION BUILDING Rocco J, Pomponio Ivan R. Poole James W. Power Samuel E. Pratt Robert ES, Randall, [-Galen P. Root KX. Lee Roulston ‘Mitchell Schulman Abraham H. Simonds Glemens J. Strauss Joseph Tominsky Cant W. Vik ‘Timothy F, Walsh George S. Wright Peter Zarelia EVENING John C. Alexander Arata Bren Edward j. Dally Orcas W. Dupe ‘John Enewile Hedesck I Fish ‘Timothy W Harrington Glan A Hetil Stanley B. Leadbetter Horace F. Lind Simon Love Frank D, Mills Walter J. 0'Brien John G: Ronayne Philip D. Sealvini J-Franklin Smith John J, Tansey Irving Trachtenberg PeterS. Vaal 1982 pay Frank J. Alberti Charles R. Antovorth Garlton E, Austin Herbert M. Bailey Rowell F Bailey W.J- Bryan Bogart 13 Clayton E. Bryant Robert A. Carr Lyman W. Chick Royal D. Clinton Elgin M. Colby Richard Copeland Walter C: Dailey claude B. Disbrow Charles M. Doyle ‘Wilbur L. Fader Francis T. Fort, Joseph P. Fortier John R. Goodwin Gerald R. Gorman Jolin W. Grieve Ronald W. Hall Clark R. Hartford Frank A. Johnson Herbert A Johnson John Kazaajian Francis W. Kenny M: Gloyd Kimball Dayton H. Lasher Ralph A. Letteron Philip E: Lewis PeterL. Mater John P: MeDormand Ciyde E, MeGibvon Lester W. MeLelian George Mt. Miller John G. Mont Maynard L. Moody Emuest H. Morris Willam G, O'Connell Nicholas Pssst AAlph B. Peterson Otto G. Richter George A, Samiotes icholas Sarro Roy W. Schroeder Robert. Simnett Arthur G, Smith Charles J. Smith Joseph A. Steindt atl A. Swenson Francis W. Zapt EVENING Henry 8. Anderson George F Benedvcl James W: Burke Wiliam j Burke John E. Donnelly Norman 8 Herty Harry R. ieacl Stephen M. Joye Arthur. Landry jowpt T: Levghin Aosdan Pat Donald jJoueph P. MeShetfey Frank D. Mitchell George E, Moorehouse ‘len R. Neboon Exwrence Newcomb ouephbPartell Charles A. Tare Joseph A. Tinsley Stanley Webber Richard J. Welch Mervin Whittemore 1938 pay Carl D. Anderson Theodore C. Atwood Alex J. Baumer D.David Berig Louis J. Boye Harry Brickman Roger 8. Brook ene C. Brown Herbert B. Chapman Wilman F. Day" Frederick L. Dill Ralph L. Dom Thomas G. Dowd ‘Truman 1 Easton Jolin W. Ferrin. Norman L. Foss —please turn to next page. Tribute to Alumni Maro Manna” parapern Harold MeConnel George Re Whitney (continued) ‘Ts Stuat Melvin ebere Wilbur Charles F Molloy ‘led Willams | Ra Hanes James R, Canavan Robert E Mone: ‘Kenneth H: Woodward Rober Barknes Serge Casi Balak Nor EVENING Eres E Hatch Ghats W: Coleman Pein ORowihe ‘Albert A. Blacker John J. Herlihy ter W. Dawson yell I. Prouty: Paul T. Blob ‘Albert N, Hodgess Willard A: Eldridge Kenneth M. Rainey CS Emnest M, Terardi Samuel M. Gerstein James A. Smith Ralph H. Carroll Ene D. Kipp Walter 2 Glanile ernard A Thibault Edwin D. Dall Donald C. LaCour Owen H. Hoye Daniel W. Vooys Frank M; Dealy hares W. Landry Milton 8. Wiians William j. Donovan Gerla Leone Berteun Bi DuWort poh. ‘J. Machack John ‘Kistulinec EVENING ‘David L. Graham ard’ §, Marshman | Bradford Knight ‘Rae D. Anderson “Arthur A. Holt ‘Arthur E. Messier Janes 1 Medemnow ‘Thomas J, Byron Arthur W. Koc ‘Austin Ly Mot esp B. Metloy Te Pe crcey Frank A, Laben Harvey G. Newton ‘iam E. Miller ‘Arthur H. Erickson William D. Mathieson Berard. Oe Foret Metron fins k Ficher John R, McGuirk Joseph C. O'Brien Lawrence J. Powers Paul H. Forristall icorge R. Mowbray ‘Harold F. Peters Leroy W. Robshaw ‘Clement Kelley Regesed D. Manes Douglas E. Pierec Michael J. Scibinico Olin W. Jenkins rt N. Niclon Marino Posidente Robert E. Shaw John B. Lauder anaes Newell Potter Job Sheremeta rac Lavine Anthony J. Perrone ‘Timothy J. Quinlan ‘Wallace J. Sherlock ‘Charles A. MacPhetres ‘Richard A. Sylvester Jon G Gurico Mansel 8: Svia harks B: Morse 1937 Hincotn Ravenscroft Norman L. Sperre John k. Neville ees paaae “Tetro ‘Harold H. Nylund Ee AACALLA a cs James "Thom George B Shepherd rence B. Abbiati ‘Abert S Roberts dL. Tapp Heel 6, Sth Natale M, Balch Ouear G: Rode Willa E. Turkington GaN E, Thoresen "Thomas W. Barry Morris G. Sherman ‘Michael J. Watrs ‘Edward D. Windsor George H. Becker “Theodore Shonen Reymond A: Webb award F, Bosbnell Chester B. Slade Warren F. Witherell 1936 a |B. Comerford ‘bere W: Sith ng ward R Conkey George E. Stanield EVENING ya Joven. Coyne John R. Sweeney Thomas H. Billington Woe Be Donald F. Cropsey “Abrahain A. Wachman Jeph T. Crowley veo Joseph DiMarso Richard J. Weleying cong J Fiber jessy Mibino P, Farese Arthur G. Johnoon Force Booker William A: Gibson EVENING Harry C. Luscombe Soro George W. Halop Vernet M, Adams ‘Arthas W. Murphy aber. Byram ‘Siwrood I Hardin Norman Barraclough Edward P. O'Toole poo ‘Malcolm A. Johnson John A. Bossi jam A. Saunders ears Glayton F. Jones Hyman Brenner Abion P. Smith ee es ‘Terence D, Kenney Arthur H. Brickett Rodolph 8. Touchette a Joseph 8. Korfanty, Jacob Cohen Join J Touby ee Robert L, Marvell Joseph T DeGrinney eer A Wall Glyde A. Craig Rodney. Mahler Witfam j, Donahue lenry ¥ Cranshaw Francis. Mitchell Harry A’Foer 1935 ae ese ohn A. ttc! Ene Hal pay ‘Albert A Duperre liam J Nealon ‘Max Hymans eae Frederick J By Leroy, D. Nutter Orin S. Kenney Saas Thora W Sectesoe John T_O™Malley ade poe Herman Franklin Sidney 5: Fein Leon Norman's Bryant Fred. Rober B Philips Franck asey Reon eet Fred G. Grote Clyne if Potter Witla F. Lundy eeyae cal corms R, Grif Pantazes §, Poulos omen tare William D, Crowell Sophie Rel ped Ct amen B Lape isa Brow Joseph, Kaley “Phurton B. Rebinion Bead Mshoney David T. Duggan Roel Kershaw cra ee Janes J, Mahoney Kenneth H, Eber Edward R Kingman ‘Aber Sinick ‘Alexander L. Martin Seca Fore Ree Paul P. Singer ‘Chester 8. Mason O.Mantall Foss ‘Adolph eteger Warren L. Stetson Edward HMeClune Donatien W, Gagnon Langdon K. Bentley Teland 6: Steven Glenn Atte eae Crees Edgar A. Leroux CGlitora fis. White ean ae, Kenneth Hopper Willsm Gard Eslen Nie ea Walker J. Hosmer ‘Malcolm A. MacDougall EVENING Stewart Glyde John Murphy ‘taney P, Arnold Walter J Hyta Edmund Norton Harry J. Baldwin Anhur k Johnson Hugh E, Pederen Paul Brewer obo Jhon onside Richard. Clancy ard Schweiteer E.Durale Samuel Soxt Joh A Lyach Rekee A Spencer Gar Merkle nF Stedman Maxwell Plowman ‘Robert Sinson iG. Power tee ieee, isn . « William A: Riceio ‘Thomas M. Rikkela Gordon B. Brennan “4c Fraternity and Sorority News BETA TAU ALPHA FRATERNITY ‘The first dinner meeting of the Fraternity for the cur- -ar was held in late October at a Cambridge res . Three seniors were admitted as members and . Gardner was welcomed as faculty advisor, suceceding Ray F. Sundstrom. ‘The speaker of the evening was Henry Y. Porter, long time alumni secretary of the Fraternity, who talked about his many years of collecting autographed pictures of celebrities. His collection is one of the largest private collections in existence and numbers several thousand pictures. ‘A tour of the Carling Brewery, Natick, in November was well attended by the members and other similar ac~ tivities are scheduled for the winter months. BETA SIGMA ALPHA SORORITY On Friday, December 16th, the Beta S Sorority had its Pinning ceremony at the Ui theran Chureh in Cambridge. this meeting, the girls made up attractive baskets of fruit, one of which went to a Catholic home, a Protest- ant home, one to the Jewish Home for the Aged, to the Floating Hospital, and the Framingham State Hospital. The Sorority members have also resumed their voca- tional work at the Nazareth Home for Children in Jam- a Plain. A group of six girls went to the home in ber, and another group plans to go the first or second week in January. They work directly with the gma Alpha versity Lu- 15 children and they report that the older children love to sing, while the younger children prefer to play with All in all, the children look for the atten- tion and affection brought to them by this group. Dr. William O'Keefe, chairman of the Law Depart ment at Bentley School, is scheduled to show slides of pictures taken in Japan at a March meeting of the Sorority DELTA OMEGA SORORITY December was a busy month for Delta Omega Sorori- ty. On Wednesday evening, December 7, twenty-seven initiates were pinned at the Candlelight ceremony in the University Lutheran Church Hall, Cambridge. Follow- ing a social hour, Dr. William O'Keefe, chairman of the Bentley Law Department, gave an illustrated talk with colored slides on his trip to Japan The next day a group from the sorority spent a most pleasant afternoon on a conducted tour through Radio Station WNAC. One of the most interesting areas was the Yankee News Service and another important depart ment which the girls visited was the Program Depart- ment, where schedules are prepared far in advance of actual broadcast dates. ‘On Saturday, December 10, Delta Omega gave a Christmas party for the Children’s ward at the Carney Hospital in Dorchester. Favors, games, refreshments and “Santa Claus” combined to make this a happy oc- casion for every boy and giel at the hospitalAdvertised in LIFE Retell fr 3° AMERICA'S MOST WIDELY USED SINGLE ENTRY SYSTEM PL ee ey DOME IMPROVED PAYROLL BOOK DOME Short Cut PAYROLL BOOK Soi NICHOLAS PICCHIONE, CPA. acer ees veyere te See Peart eerie oer a a 16 Reunion Day June 3, 1961 WILLIAM K. WALTERS, D29 William K. Walters, D 29, Director of Reunions, announces that plans are well under way for the 7th Annual Reunion Day on Saturday, June 3. A meeting was recently held at the School of the Na- tional Committee and Class Chairmen. Classes scheduled for reunion this year are Day 1921, Day 1981, 1936, 1941, 1946, 1951 The tentative program outlined at the meeting schedules a majority of the events at the Statler-Hilton Hotel. and Evening 1 and 1956, Among the highlights will be a tea and special entertainment for the ladies, ‘lass meetings, alumni banquet in the Grand Ball- fon to the senior class, presentation of Alumni awards and dancing throughout the eve- ning, ‘Members of the National Committee are George A, Brunsell, D 33, Helen Queenan, E 52, Wald: mar H. D 34 and William J. Boston, E 59, Class Chairmen are Walter A. E. Anderson, D 21; Robert V. O'Sullvan and George G. Ha- worth, D 26; Paul E, Tierney and Morris Wino- ar, E 26; G. Christian Moller and William A Bloch, D 31; John C. Alexander and Horace F Lind, E 31; Sidney L, Cohen, D 96; Arthur F. Walgreen, E 36; John R. Johnston, D 41; Edson ‘rumbull and George W. Carmichael, E 41; Richard W. Dunn, D 46; George M. Livingston, E 46; Peter Mareb and Alfred R. Dietz, D 51 William J. Carney, E 51; Paul J. Hart and Kath- Jeen O'Donnell Couture, D 56: Dalto and Ruth P, Quint, E 56, Thomae Joseph FACCOUNTING ACCOUNTING FOR STOCK OPTIONS. By Dan- jel L, Sweeney. Bureau of Business Research. School of Business Administration. The University of Michigan. $5. A Michigan Business Study, this work was under- taken “to establish a logical and realistic concept of the executive stock option arrangement from which an ac~ ceptable accounting procedure could be devised to por- tray correctly the impact of the agreement on the corpor- ate entity.” ACCOUNTING IN ACTION: ITS MEANING FOR MANAGEMENT. By Billy E. Goetz and Frederick R. Klein, Houghton Mifflin. $6.50. Intended for students of introductory accounting as well as for the operating executive secking a fuller understanding of the meaning of accounting as a tool to aid him in the administration of his organization, this book attempts to outline the role ‘of accounting in many aspects of modern American cul- ture—and in so doing, to establish the relationship be- tween accounting, economics and administration, PRINCIPLES OF ACCOUNTING, ADVANCED. By HA. Finney snd Herbert B Miler, rene Hal © $1135. "The ith ein of this tandard work parallel ‘asia elton with tro coepoes the chapter nthe Slotment of nancial interest fo the pata areas tat ape eee eerste in Sel per cus edition hat Been restora and brought up to date READINGS IN COST ACCOUNTING, BUDGET- ING AND CONTROL. Edited by William E. Thomas. South-Western. $7. Sponsored by the American Ac- counting Section, this collection of articles is intended to present the “various and sometimes contradictory views of leading practitioners and teachers, and to provide an intellectual challenge to the student” on various aspects of cost accounting, budgeting and control. Bibliographies in these areas supplement the articles presented in the ‘main body of the book. THE ARTS THE JOY OF MUSIC. By Leonard Bernstein. Sim- on and Schuster. $5.95. Leonard Bernstein conducts the reader on a fascinating tour of the wonderful world of music. THE MASTER BUILDERS. By Pee Bik. Koop $8. A tribute to the three colossi of 20th Century archi- ee aes C ee ee ee Sane rr Mies and Wright.” 7 Bentley Library Reviews BENTLEY LIBRARY HOURS Monday-Thursday 90 AM890 PM. Friday Me. BUSINESS AND ECONOMICS FEDERAL INCOME TAXATION. By Robert 8. Halz- man. Ronald. $5. “The sole purpose of this book is to be helpful to the student of taxation.” In addition to its explanation of the working of the Federal Income Tax, this readable text is supplemented by references to cant readings and leading cases illustrative of the points discussed. HUMANISTIC EDUCATION FOR BUSINESS EX- ECUTIVES. By Morse Peckham. University of Penn- sylvania Press. $4.50. In this short work which he sub- titles An Essay in General Education, the author de- scribes an experimental program of liberal education for ‘management sponsored jointly by the University of Penn sylvania and the Bell Telephone Company of Pennsyl- HISTORY AND INTERNATIONAL AFFAIRS THE POLITICS OF UPHEAVAL. By Arthur M. ‘Schlesinger, Jr. Houghton Mifflin. $6.95. ‘The third vol- ume of the author's “The Age of Roosevelt” covers the period 1935-36 including the Supreme Court incident, as well as the landslide victory of 1936, It also introduces, such colorful demagogues as Farther Coughlin, Huey Long and Dr. Townsend. p AND FALL OF THE THIRD REICH. By iam L. Shirer. Simon and Schuster. $10. In Berlin Diary which appeared in 1941, William L. Shirer re- corded his observations on the rise of Nazi Germany from the vantage point of a foreign correspondent, Now, some twenty years later, Mr. Shirer has brought forth a. major history of the Nazi state which, in addition to be- ing eminently readable, also bears the stamp of genuine scholarship, THE TWILIGHT OF EUROPEAN COLONIALISM. By Steward C. Eaton. Holt, Rinchart and Winston. $10. This book, a comprehensive political survey of the re- maining examples of European colonialism throughout the world, offers the reader excellent background mater- ial for an understanding of those events which more and more dominate the front pages ofthe daily newspaper. UNITED NATIONS: HOPE FOR A DIVIDED WORLD. By Sir Leslie Munro. Holt. $4. The Ambassa- dor from New Zealand to the U.N. states: “I have felt impelled to write this book not for scholars and interna- tional lawyers but to acquaint the general publi the objectives and the powers of the United Nations and with some of the crises it has handled and survived.”Through the Years Magic Million Dollar Sales George E- Moorehouse, E52, (left) and President William B. Roberts D 22 HENRY M. JOHNSON has re tired from General Elcetrie Co., Schenect ady, following thirty-eight years of serv~ fee.” After a cross-country tip 10 the Pacifie Coast and Western Canada, he hhas returned to his home where he’ will devote his time to religious work Mr. Johnson was recently eleted a New York State vice president of the Gideons, East em District E 24 More than 600 persons purchased $434,300 worth of State of Tsracl Bonds Golda. Meir, Tsracli foreign the Statler Hilton. ‘The dinner, a high: point in the yearlong Greater Boston Asive for $1.5 million, also honored four civic lenders for their “outstanding con- tributions tothe growth of Tsrael ‘Among the frst recipients of American- Israel Freedom Awards wat WILLTAM F_KEESLER, senior vie president, Fist, "National Bank of Boston. E25. The many friends of GILMAN C. HARVEY, a former instructor at Bent- ley School, will be pleased to Tearn that Ihe has recovered from his recent illnes. D 28 MAX FREEDMAN is a member fof the Massachusetts Public Utilities Commission. AUSTIN T. McLAUGHLIN has been associated with the General Electric Co. Snce 1942 and is prescatly senior project purchasing agent in the New York Offices of International G. E. D 30 DAVID W. BRAINARD has ac- cepted a postion as credit manager for the Sessions Clock Co, a. subsidiary of the Consolidated Electronics Industries, Forestville, Conn, Newly appointed assistant comptrol of Trinity College is JOSEPH T. SCHIL- LING of 89 Cedarwood Drive, New Bri tain, Conn, Mr. Schilling was assistant Seeretary and credit manager of the American Paper Goods Co,, Kensington. He also served as treasurer and as member of the Board of Directors of the Hartford Asociation of Credit Manager. E30 FRANCIS X. KEANY, em. ployed by United Fruit Co. in Cuba for feveral years, has returned to this coun- tty. and is located in the Boston home offic. E34 A national guardsman with the rank of brigadier general was the first Democrat to receive an appointment from Governor John Volpe. TIMOTHY J. REGAN of Jamaica Plain, Mass, will serve as chief military aide to the Gover- hor. Mr, Regan is vice president in charge ft employee relations at Boston Edison Co, D 32 Augusta city manager and Mrs. JULIEN W. DESHATES, formerly of Lewiston, Maine, recently observed their 25th wedding anniversary. Mr. Deshaies has prior experience as Lewiston's chief auditor, ax controller in Brookline, Mass, fand as city manager of Gardiner. ‘He was lected city manager of Augusta in 1959. JOHN G, MONT; treasurer of the Naugatuck, “Conn. Savings Bank, was guest lecturer recently at an investment ‘outse sponsored by the Adult Education Program, His subject was “The Role of Savings in an Investment Program.” Mr. ‘Mont has had nearly 30 years experience in publi accounting and bar NICHOLAS J. SARRO of Pittsfield, ‘Mass, has been appointed publicity chair man for the YMCA membership cam- paign. ‘Mr, Sarro is employed by General Electric Co. and is manager of integrated information systems and. procedures of the Distribution Transformer - Depart: tment. He is alto president of the Berk ‘hire County ‘Chapter, Bentley Akumni Association, and president of the Shire ity Tavestment Club. E32 The Excelsior Printing Co. of North Adams, Mass. is fast approaching the “Magic Million Dollar” mark in an- rival volume. GEORGE E. MOORE- HOUSE has been treasurer of the com- pany since 1953, He had previously been hecocinted with Ernst and Ernst, Boston public accountants, and for fifteen years tras with the First National Bank of Bos- heen named editor of "The Spreader, new quarterly publication of the con pany, 18 D 34 Richard J. Buck & Co, members of New York and American Stock Ex- hange, have announced that WILLTAM 1B, BOWERING is associated with them at a registered representative DAVID J. HUFFMAN, special agent for Hartford Accident and Indemnity Co. in Eastern Connecticut and Rhode Is and, marks his 25th anniversary with the company. RAYMOND A. WEBB is vice pres dent of Norcross & Leighton, the only entire building for insurance undereriting fand claims settlements, ‘Mr. Webb joined the firm in 1947, He is a member of the Lowell Exchange Club, president of the Greater-Lowell Association of Inde~ pendent Insurance Agents, and pres Sent of the Lowell Chapter of Mass. So- for the Prevention of Cruelty to WILLIAM J. WIRTH is accountant for Scientific Industries, Inc, Los Ange Jes, Calif, manufacturers of metal springs. E 34 At the organization meeting of the directors of the First Safe Deposit National Bank of New Bedford, THOM- AS M. BILLINGTON was promoted 10 ‘ee president. JOHN J. TUORY, 15 Moorland Ave- rie, Edgewood, RE, has joined the Providence Chapter, National Association of Accountants, Mi. Tuohy i employed fs controller at the Kenney Manufactur- ing Co. D 36 _Johns-Manville Products Corp. in Pittsburg, Calif. has RALPH E, CHAM: BERLAIN a finance manager. Formex Co. Controller J. BURGESS deHEUS, D36J. BURGESS deHEUS, formerly bud- get manager of Huyck Gorp,, has been Promoted fo controller of the Formex Co., 2 division of Huyck Corp. His headquar- ters will be in Knoxville, Tennesse, where he will be responsible fr all Form- ‘ex Co, fseal matters, ‘The Formex Co. ‘manufactures plastic wires for paper ma- chines at its Greeneville, Tennessee plant fand is building a new mill in Kentville, Nova Scotia, Canada, FRANK R. NIMS of Marlboro has been admitted asa partner to the fr of Rob- rt, Finnegan and Lynah, certified publi accountants in Boston. ‘Me. Nims is chai ‘man of the Marlboro Zoning Board of Appeals. HUGH E, PEDERSEN has been named assistant production manager of the Warner Brothers Co,, Bridgeport, Conn. Mr. Pedersen was transferred t0 Bridgeport at factory manager in 1958 lowing twelve years of service in the Maswant New York and Dothen, Als bbama offices. E36 ABRAHAM ROSENGARD has Accepted the chairmanship of the 1961 Lowell committee for, State of Israel Bonds, as announced by Lawrence G. Laskey, regional chairman of the Israel Bond Organization. Mr. Rosengard has been associated with civic endeavors in Lowell for many” years and is active in YMCA affairs E 37 _ HENRY BRENT js the owner of Brent Business Forms located in Cor Gables, Fla. State Representative JAMES B. MIS- KELLY of Keene, NH, has been named state chairman of the 1961 New Hamp- shire Heart Fund campaign. Mr. Mi kelly, a. public accountant, is a mem- ber Of the Chamber of Commerce, the Masonic order in Keene, and the World Service committee of the Keene YMCA. H. Heart Fund Chairman JAMES BB. MISKELLY, E37 He is a member and past president of the local Lions Club, a' past district gov- cernor of New Hampshire for Lions Inter fd has been an officer in many ‘other civic organizations E38 GEORGE A. BURGESS of Franklin, Mass, is the newly appointed supervisor in distribution engincering at the Leominster office of Woreester Cour ty Electric Co. D 39 Amott, Baker & Co, Inc. m bers. of ‘the New York and American Stock Exchange have opened their new Bristol, “Conn. offices and appointed MICHAEL J. AVALLONE as. 4 co: manager. Equipped with the most mod- fmm tranamision machines, office sta ‘members ean complete a sale from Bristol to New York ina minute and a half, including confirmation. BRUCE B. MOSHER, chief account- ant in the office of David V. Anderson, ‘auditor of accounts for the State of Ver: mont, was recently elected president of the New England States and Municipal Finance Officers Association at their 12th annual conference held at the Hotel Vik: ing, Newport, RI. JEREMIAH SUNDELL has been ap- pointed to the Government Center Com- ‘mission, ‘Mr. Sundell is senior partner in the accounting firm of Fanger and Son: Gell, and he is a member of the New England National Board Anti-Defama: tion League of Bini Brith, E 39 JOHN BALKUS of Newton has been elected comptroller of the Newton National Bank, where he has been ployed for twenty-six years JOSEPH CHAMPA is an IBM op- critor at Mass. Auto Rating Bureau land recently purchased a home in Read- ing, Mass. Mr. Champa also served in the National Guard for eight years, Speaking at one of the fall meetings of the Beverly Rotary Club, WINSTON \, reviewed briefly some of of a certified public aecount- ant and commented on the growing task of business men in figuring taxes of many Kinds, profits or lossy and other factors in business today. Mr. Mood. opened his Beverly office in 1947 and has an ‘extensive Background in public account- ANTHONY J. SATA of Westwood has pased the CPA examinations in Massa- husets and js asociated with the Tater Revenue Service in Bosten, D 40_ Lt. Gol. WELDON F, HOLMES of 84 Searles Place, Brockton, Mass, has been awarded a "Category A* rating by Air Force authorities in Wiesbaden, Germany, for outstanding performance in supply duties. Mr. Holmes was one of 54 officers out of a total of 362 considered 19 Brokerage Co-Manager MICHAEL J. AVALLONE, D39 by the Air Force Selection Board to re- ceive the award for exceptional prof ty in their jobs, During the past sum- mer he flew supplies into the Congo for the United Nations. E 40 The appointment of GORDON F. STANDLEY as supervisor of general accounting for Sylvania Lighting. Prod- ‘ucts, a division of Sylvania Electric Products, Inc, was recently announced. Mr. Standley’ frst joined Sylvania in 1941 as.a cost accountant, became super visor of plant accounting at. Sylvania Lighting “Products Waldoboro, "Maine plant, and most recently was cost analyat in the Lighting Division's Cost Depart- ment. Prior to joining Sylvania, he: was tmployed at the Beverly National Bank. D 41. WILLIAM P. MURPHY, form- fer manager of the Lincoln stores in New- buryport, Mast, has assumed a. similar position with anew store of the Star Market chain in Waltham. Mr. Murphy becomes manager of new prototype non-food “unit store which will signal an innovation for food chains. ‘The store will handle clothing and general mer Syloania Accounting Supervisor GORDON F. STANDLEY, 140Trough the Yoars B. F. Goodrich Promotes ALBERT R. BLANCHARD, E41 cchandlve and according to Mr. Murphy, ‘combines the features of ‘the five and fen cent store, dicount house, and cloth- ing sore. Mr. Murphy is. president of the Newburyport Business Men's Associa tion and a member of the Rotary Club. E 41 ALBERT R. BLANCHARD has been appointed corporate assistant treas- turer of the B. F. Goodrich Co, as an- hounced by J. Ward Keener, president. Mr. Blanchard spent several years in the Credit Department of the Boston branch of the Sherwin-Williams Co. befcre joi ing the B. F. Goodrich Footwear and Flooring Go, in Watertown, as cont n¢- countant in 1941, Ta. 1945 he was ap- pointed salary administrator and in June, 1952, he was advanced to” manager credits, Mr. Blanchard is active in many ‘communal organizations. WILLIAM K. FITZPATRICK of Bel- t, Mast, has been named chairman of the Monthly Employee Solicitation for the 1961 United Drive in the Newton: Served on Forrestal Lt. Comdr, JOSEPH. H. FISHER, Dae Brighton Plant of the Raytheon Co, Semiconductor Division. Manager of far cilities planning for the Semiconductor Division, Mr. Fitzpatrick joined Raytheon in 1958’ and has previously held several responsible postions in the industrial en- fincering field HAROLD §. FLIGHT of Wakefield was elected real estate officer of The First National Bank of Botton at a recent meeting of the Board of Directors. Mr. Flight joined ‘The First in 1951 as assist. ant supervisor of operations in the Real Estate Department. Elected asistant credit officer of The First National Bank of Boston ic TAISTO S. PULKKA of Gloucester, Mast, Mr. Pulkka joined ‘The First in 1955 as a member of the Factoring Department ‘An announced promotion in the Group Annuity Administration Division, Jobn Hancock Life Insurance Co, names JAMES F. SWANSON as supervisor of, ‘general accounting. Mr. Swanson joined the Hancock in 1946 snd hat held vat ‘ous positions in Group Annuity Ad istration, including the data processing conversion activities of the division D 42 Licutenant Commander JOSEPH Hi, FISHER served for more than two years aboard the multi-million dollar air Craft carrier Forrestal. Commander Fish x, who hs been in the Navy since 1942, reports that of the eighteen years in the Navy, the most hectic and intersting period was the twenty-eight months spent aboard the Forrestal, which it a complete tent in itself. While Commander Fisher ‘was aboard the Forrestal he took part in NATO exercises in 1957 off Norway, Scotland and Ireland. He also spent some time in the Mediterrancan and went on a shakedown cruise to Cuba. Commander Fisher left. the Forrestal about a year ago and since that time he has been stationed with the plan- ning division on the staff of the Com- mander - Anti = Submarine = Denfense = Force-Atlantic. He is at present atte night school at Norfolk College of Wile Tiam & Mary in order to obtain a bache lor's degree ia business administration DOUGLAS E, KNOTTS has resigned his position at Athol Bank & Trust Co. to accept a position as assistant teas. turer with the Nantucket Tastitution for Savings, Nantucket, Mass. A resident of Winchendon, Mr. Knotts is now in his sixth term as town treasurer, He is a ‘deacon of the North Congregational Church in Winchendon, and a member of Artisan Lodge of Masons. 20 E 42. Retirement is the highlight of a twenty-year career in the Army for ED- WARD L. QUINN, Assistant Adjutant General of Fort Devens. While in the service, Mr, Quinn did a great deal to promote interest in sports, In 1953 and 1054 he played hockey with the American AllServiee Hockey team in Frankfurt, Germany. This team competed against the Germans, Austrians, Canadians and Dutch. In the fall of 1958, Mr. Quinn came to Fort Devens where he organized ‘hockey team which played local teams. In golf, he has also been very active and for the past two years played in the Fort Devens Championships as well as repre senting Fort Devens at the First US, Army Championships. ‘During his twenty ‘years of service, Mr. Quinn received seven ‘decorations, R. H. Stearns Co, Boston, Massy an- nounees that ROBERT E, TINDLEY of Petersham, Mass, has joined the organ- ization as’ controller. Mr. Tindley was previously controller of the Rodney Hunt Machine Co. E46 WARREN W. FOX of Lexing- ton has been named vice-president-opers- tions and controller by the Carter's Tnk Co. Mr. Fox joined Carter's in 1938 and has progressed steadily through the ‘company organization D447 FREDRICK A. CLARK teaching commercial subjects in the high school for the Wiseaset School Depart- ment in Maine. D 48 EDWIN D. CAMPBELL, CPA, ‘of Cohasset, Mass, has been elected director of the Awocinted Industries of Massachusetts. Mr. Campbell is vice pres: dent and treasurer of Laboratory for Electronics, Ine, Boston. GLENN G. CLARK, JR, CPA, has accepted the postion of asiatant to the treasurer at “Boston Filter Co. Inc, Charlestown, Mass For the past teelve years, Mr. Glark has held staff postions RH. Stearns Controller ROBERT E. TINDLEY, E«2Director Associated Industries EDWIN D. CAMPBELL, DiS with Boston certified public accounting firms, He is a member of the Massachu- setts Society of Certified Public Aecount- fants and the National Association of Ac JAMES A. GILLIS has been appoint vice president and general manager of GC. Pappas & Co, Boston, Mass. Mr. Gitis joined the firm twelve. years ago as accounting clerk, advanced to office manager and ultimately became sales manager. ‘He is currently a member of the Wine & Spirits Club, Sales Exceu- tive Club and Chamber of Commerce. ‘Among the promotions announced at a ting of the Board of Directors of the Worcester County National Bank was that of GEORGE K GRAW, who was ad- Vanced 0 assistant auditor. Mr. Graw joined the “Worcester County Natio Bank in 1959 as supervisor of the Audi ing Department. FRANK HIGNETT of East Wal- pole has been elected president of, the New England Chapter, Hotel Sales Managers Association. Mr. Hignett is sales manager at the Hotel Somerset. Boston Filter Asst. Treas. GLENN G. CLARK, JR, DiS STANLEY R. TWITCHELL has re- cently been named controler of Bell In- tercontinental Corp, South Bend, Ind. ‘Mr. Twitchell was formerly a manager in the Chieago office of Arthur Andersen © Co, certified public accountants E 48 ‘The promotion of IGNATIUS C, GOODE of Danvers, Mase, to port dlivector of the Massachusetts Port Au thority” was recently” announced. Mr Goode previously held’ the position of twalfic manager for the authority. He also hhas a background of service with the New Haven Railroad and the Canadian Pacific Railway D 49. JOHN W. CHAPMAN of Ply mouth, NHL, has been elected president of the newly formed New Hampshire Ax tociation of Public Accountants and has also opened an olfice in Dover ‘under the name of J. W. Chapman Associates Ata November meeting of the Board of Directors of the H. F. Livermore Corp, manufacturer of loom parts, THOMAS P. HENEGHAN was clected assistant treasurer. Mr. Heneghan has bbeen employed. with the corporation for the past five years and previously wat as sociated with the Regal. Shoe. Manufa turing Co, ALVIN J. HIRSCHFIELD, CPA, has opened offices at 254 Pearl Street, Hart- ford, Conn. Mr. Hirschfcld ie a member of the American Institute of Certified Public Accountants and the National A sociation of Accountants, For the past ten years, he has been active in industrial public and municipal accounting and is ft present an instructor of managerial Accounting inthe Evening "Division, Graduate Schoo! of Business Administra: tion, Univensity of Hartford D 49. GEORGE P. LUKENS, JR. has been appointed methods consultant in the Methods and. Planning Department of the Travelers Insurance Co, Mr. Lukens joined the Hartford firm in 1949 a a forms analyst. ROBERT B. McCANN of Manchester, Conn, has been appointed assistant comp” troller of First National Stores, Inc. Me. McCann joined Fist National in 1949) as-a junior accountant at the East Hart- ford divisional office. He was promoted to senior accountant in 1954 and t0 of fice manager in 1959, E49 Walsh, Judge and Skau, CPA's, and JAMES J. CAMPBELL, CPA, an hnounce the merger of their practices un- der the firm name of Walsh, Judge and Campbell, with offices at 185 Devonshire Street, Boston, Mass, a V.P. at C. Pappas & Co. James A. Gills, DAB, (right), being con ‘ratulated by Judge Pappas. The Avis Rent nnounces the appointment of ROBERT F. DOBLE as city manager of its Bangor operations in Maine. Mr. Doble will be in charge of Avis locations in. Presque Ise, the Bar Harbor airport, Waterville and Aue gusta, He has been in the rental ear busi ness for twelve years, coming to the Avis System in ELWYNN J. MILLER, CPA, of Med- ford, Mass, has been admitted to the Masiachusetts Bar and has entered in practice as an attorney at law. He wi Continue to maintain his practice as a certifed public accountant. The Arlington Trust Co, Board of Di rectors has announced the promotion af BRUNO J. TORLA from assistant trea turer to asistant vice president D SO The Chase Manhattan Bank has appointed DAVID P. HASKELL as a marketing research officer in the Market- ing Division at the bank's head office in ‘Manhattan. Me. Haskell joined the bank in 1950 and, after serving in several divi sions, was atsigned to the Planning and Development Department in 1957. He is treasurer and a director of the banking and finance trade committer. First National Stores Asst. Comptroller ROBERT B, McCANN, DADThrough the Years B, ROBERT MASSE js affiliated with H.C, Prange Co, a department store in Appleton, Wisconsin, and holds the posi- tion of operation manager ‘The Riverside Trust Co, Hartford Conn, has announced the promotion of LOUIS PELLINO to trust officer. Me. Pellino joined Riverside in 1950. He is fa direetor of Junior Achievement of Hart ford, Inc. aad a member of the Hart ford’ County and Conn, Bar Asieiations E50 BERNARD J. O'BRIEN is 1 siding in Annandale, Virginia, and works in Washington, D.C, as Bnancial systen fnalyst for. the Office of Comptroller, US, Navy Department. ROBERT ZARTARIAN has been ap: pointed district manager of the State of Connecticut for the. Univers Carlo ing & Distributing Co., Division of US. Freight Co, "Mr be in charge of administration, sles, and op- DSi JOHN F. HALL, OPA, of Cam- bridge, hus been enrolled to practice as agent before the Internal Revenue Serv- ies, Treasury Department. Me. Hall is in’practice as principal with offices at 10 High Stree, Boston E51 DONALD R. CASWELL is liv. ing in LaPuente, Calif, and is employed as'an accountant in the Euclid: Division of General Motors Corp. New England Concrete Pipe Corp. of Newton, has announced that HEN- RY Ro MANIACE has been lected treasurer. Ms. Manisce has ben afiated with the company since 1947, and. he active in many community ‘organiza District Manager ROBERT ZARTARIAN, E50 WILLIAM: J. McLAUGHLIN of Woreester has been named comptller for Crompton & Knowles Corp. Me. Me- Laughlin’ has been with the company since 1956 and has been assistant comp: troller since 1959, “The directors of the Union Market Na- tional Bank have announced the promo- tion of CARL A. RICHARDS, JR. to ant vice president. Mr. Richards joined the bank upon graduation from high school and_has been an assistant hier since 1956. He isa past president of the Greater Boston Credit Bureau. 1D S2_The appointment of CARL R. FLEMING, JR. to head the operations of the Prudential Insurance Co's offic at 30 Front Street, Putnam, Conn, has been announced by the manager of the Norwich distriet. In his new caps Mr. Fleming is in charge of seven agents who sell and service company insurance jn Putnam, Danielson, and adjacent LESLIE H. QUINN has recently been ‘promoted to the grade of Captain in the US. Air Force. He is presently serving as fa pilot in the 126th Strategic Wing, a B52 Stratofortress unit at Beale Air Force Base, California. Captain Quinn entered the U.S. Air Force in November, 1952, and received his basic training at Sampson Air Force Base, New York E52 LARRY DIANA js contract ad ministrator for the Curtiss-Wright Corp. in Wood Ridge, New Jersey. CHARLES H. FOSS was recently elected treasurer of General Communica tions Co. of Boston. Mr. Fos joined the any in 1955 and has served as comp- troller and assistant treasurer He was formerly with Edwin L. Pride & Co, and the Norfolk County Trt. CLAYTON L. UNDERHILL is rc siding in. Mill Valley, Cali, where he is fmployed as branch manager of the Northwestern Savings and Loan Associa DSS The Milton Co-operative Bank Board of Directors has announced the ‘leetion of DONALD H. PIERCE as as- Sistant treasurer. Mr, Pleree has been a teller with the bank for the past year and ft hall and he was formerly in the Pay- Toll Department of the State Street Bank & Trust Co,, Boston ANTHONY J. TEDESCO has be promoted to assistant advertising man- fger_at The Gamewell Co,, in. Newto Upper Falls, Mass D SG MERTON K. CADE writes that he is now working in the capacity of supervisor of accounting for the RR. Donnelly & Sons Co, Old. Saybrook, Gonn. ‘The primary purpose of this di- vision being established in Od Saybrook 2 Treasury Dept. Agent JOHN F. HALL, D5t is to print and circulate Time and Life nagazines in the northeastern section of the country. ROBERT A. ELLINGSON is office and credit manager forthe Firestone Tite Rubber Co. in Dayton, O} NORMAN GRAHAM has accepted a position as office manager and. account- fant with Seven-Up. (Maritimes) Led, in Halifas, Nova Scotia Auociate controller, E. Leroy Wood, John Hancock Life Tnsurance Co. has announced that NORMAN PROVEN: CHER has been advanced to the postion ‘of supervisor of the Ordinary Dividend Division. Mr. Provencher came to John Hancock in 1956 as an_ accounting trainee, In 1958 he was transferred to the Quality Control Unit as an analyst and hat awisted in the purification of many procedures. “He has. participated in various company-sponsored courses, JOHN N. SLIPKOWSKY of Wake- eld, Maas, was recently iswed a certifi- cate to practice as a certified public ace ountant in Massachuserts, He ie present- ly employed as internal auditor with the Raytheon Manufacturing Co. of Wal- them, Mass, Raytheon Auditor JOHN N. SLIPKOWSKY, D36Asst. Controller at Epsco ROMERT H. COOPER, E58 E56 The Board of Directors of the Newton National Bank has announced the promotion of THEODORE L. SCA- FIDI to auditor. Mr. Scafidi has been with the Newton Bank for thirteen years land has taken special courses in banking at the American Institute of Banking He is treasurer of the Newton Boys Club. D 57 RICHARD W. BAKER, JR. has informed the alumni office that he row a cost analyst in the assembly plant of the Ford Division, Ford Motor’ Co., Chester, Penna. He will also work with Dudgets, forecasts, and_proft-planning, “an excellent opportunity with such an ‘outstanding company. Milford New Hampshire. Co-operative Bank directors have appointed -RICH- ARD D'AMATO, assistant in the office fof the bank since 1957, to take over as fecretary-treasurer. Mr’ D'Amato is ac tive in community affair, particularly the Lions Club. ROBERT A. HOOD has moved to Lewiston, Maine from Los Angeles, Calif, and has become associated with his broth: cr in Hood's Mailing Service, Inc Aue burn. He is manager of the firm's Motor Vehicle Statistical Department. ROBERT J. KAMINSKI, former ac- countant in the Treasury Department of ‘The Gamewell Co, has heen promoted to tax accountant, He will be responsible for the tax accounting of the Easle Sige nal, Rockwood Sprinkler and Gamewell Divisions. He has relocated from the Newton Offices to the Rockwood Offices at Worcester, Mast GASTON C. LESPERANCE, former credit manager of the Portland branch fof Commercial Credit Plan nc, has heen appointed manager of the firm's Lewiston office. Mr. Lesperance hat heen associated with Commercial Credit Plan since 1957, at which time he wat employed. as an adjuster. He recently successfully completed a company tain ing course in Baltimore. ROBERT WHEELER is stationed at Fr. Sill, Okla, Before entering the service, Me. Wheeler was employed at Bird & Son, Ine, Walpole, at an accountant. D 58 The Penn Mutual Life I Co, has announced the appointment of JAMES M. COLLINS, JR. as an asioci- ‘ate of their Boston agency. Supervisor of Employee Benefit Ac counting at the General. Electric Co, plant in Erie, Pa, it NORBERT. E. DEMERS, JAMES E, HALEY, who for the past year has served as sccretary. to Mayor Zabriskie of Newburyport, Mass, has resigned to assume duties of tax examiner swith the Income ‘Tax Bureau, Division Army Private JAMES M. RAKER of Hamden, Conn, has completed the six week disbursing’ specialist course under fon, Ind. He was employed as an ac- ountant by Hertz, Henson & Mishkin, Boston, before going on active duty. ESB Epsco, Inc, Cambridge, Mass, has announced the appointment of ROB. ERT H. COOPER as asistant 10 the Controller. Mr. Cooper has been assoc ated. with the company since 1956. as chief accountant, and prior to that, he ‘was chief accountant for Merrimack Man- Uacturing Co, Lowell, D 59 JOHN R. MARCH is an ac- countant in the Cost Accounting Depart- ‘ment of the West Coast Missile and Sur- face Radar Division of RCA in Van Nuys, Cali. In Meworiam D 1821 William $, Hughes 22 m3, 1825 Autti J. Calabrese 1025 Kenneth H. Falconer 1925. Robert H. Katamann 1926 E. Walter Erb, 1927 Harry Bloom 1927 Joachim V. Correia 927 Patrick L. Walsh E. Deane Seely M. Clayton Gould Richard J. Collins James Greenhalgh George T. Snow Walter R. Casey Richard E. Read E E D E E zB E E E E D z E D E E E D Maurice Tidmarsh 3 Radar Cost Accountant 1 JOHN R. MARCH, D59 E59 FRANCIS X. McCAULEY of Quincy was recently made aisitant teas turer ofthe Shipbuilders Cooperative Bank of Quincy. "Mr. MeCauley joined the bank in 1938, CHARLES A. SANTOTANNT has just been cited by the Oldsmobile Division Business Management Club of General Motors for efficiency in accounting and management. He is employed as office ‘manager for Vietor Belotti, Ine. of Som enville. D.60 Amy Private RICHARD 6. ANDREWS of Danvers. har completed ‘ight wecks of advanced individual train- ing at ‘The Artillery and Missile Cen- ter, Fort Sill, OXa FRANK W. BECKER with Young & Rubies City, a8 supervisor of billing in the Art and ‘Mechanical Departinent DAVID W. CONROY of Brockton has been assigned to L company of the Fourth Training, Regiment for eight weeks of basic training at Fort Dis, N.J ROGELIO deLUNA is employed as a field auditor with the General Tire. & Rubber Co,, Akron, Ohio. STEPHEN I. DERFEL is a junior ac- countant with Cohen, Cohen, Havian & Shaller, public accountants in’ Boston, Anny Private JOHN D. MEEHAN has completed the eight-week finance pro cedures course at The Finance School, Fort Benjamin Harrison, Ind. EDWARD H. MONAGHAN, JR. has so completed the Army Finance Course ft Fort Benjamin Harrison, Ind, with the highest honors in his class. “He is presently stationed at Fort Belvoir, Vir. finia, and will attend evening clases at the Univensity of Virginia, Private HENRY C. WOLFORTH of Whitman has also completed the inte- arated accounting course at The Finance School, Fort Benjamin Harrison, Ind, He received basic training at Fort Benning, Ga,NEW OPPORTUNITIES FOR SERVICE “You haye read the wonderful news in President Lindsay's an- nouncement on the front cover. The degree granting privilege ‘opens a new era in the history of Bentley School and points up the need for us to complete our three-year Development Program in a successful manner. We therefore are again reproducing a pledge card and if you haven't been approached to date, we will ap- preciate any assistance which you can give to this vital program. As alumni, we should all be proud of this opportunity for service.” Cordially yours, Edwin W. Hutton, E 31 Finance Chairman BENTLEY SCHOOL OF ACCOUNTING AND FINANCE—DEVELOPMENT PROGRAM (Nome a Address) Amount Subscribed $.. Paid Herewith 8. “Growth Solleltor .... Region No. Date Through Desiring to participate in the expansion of the educt jonal program at Bentley School of Mees Accounting and Finance, and in consideration of the gifts by others, I/We agree to contribute over '8 period of three years the sum of $, eke beginning . We prefer to make payments (] in cash herewith [) quarterly [) semi-annually () annually, Service” | % 8 follows, ...... Gifts are tax deductitte as provided by law. Payne be made hy a nd, papery, mnie 1 ovisToN STREET, osTON 15, ASSAOWSETS povonboy cps wioy ‘SsvW“NOLSOE 695 "ON LIWad Cc aiva SLL3SNHOVSSYW ‘NOLSOB avis0d ‘si ABULS NOLSTAO$ 26 "B40 L10%s-NON NOLLVIOOSSV INWNTY AZTLNId