Tuck School

THESE notes are being written a few days before the opening of Tuck scheduled for September 21, and will be principally concerned with a review of the final month of the spring semester, including June's Commencement exercises, and with a report of the faculty's summer activities.

Two events held in May seem to merit attention at this date. Professors N. G. Burleigh and J. E. Walters arranged a very effective one-day session on labor relations which featured Cy Ching, Director of the Federal Mediation and Conciliation Service. As a part of the program Tuck was host to over one hundred New Hampshire and Vermont industrialists. The morning session included a lecture and discussion period with Cy Ching; a luncheon in Stell Hall at which the attending business leaders were present; and an afternoon meeting which featured a demonstration of the procedures involved in labor mediation. Mr. Carl Gill, Director of Industrial Relations, Wanskuck and Oakland Worsted Company of Providence; Mr. Irving D. Shapiro, Management Labor Relations Consultant of Boston; Mr. George Roewer and Mr. Dan Hurley, Federal Mediation Service Commissioners; Mr. Frank Carmichael, Regional Director, C.1.0., Boston; and Mr Anthony D'Andrea, International Vice President, International Printing Pressman's Union, A. F. of L., Boston, combined to give a realistic demonstration of contract bargaining involving mediation.

At the annual meeting of the New York Branch of the Clearing House, held May 11 at the Advertising Club, Kirt Meyer T'31 was elected Manager for 1949-1950, and Bob Fieldsteel T'47 was named Secretary. Austin J. Tobin, Executive Director of the Port of New York Authority, gave those present a very interesting picture of the history, functions, and plans of the Port of New York Authority.

On June 5, Commencement exercises were held outside Stell Hall, and 78 men were awarded the degree of Master of Commercial Science or the degree of Master of Science in Engineering and Business Administration. As most of you know, three prizes for outstanding work have been provided for Tuck students through the generosity o£ alumni and friends of the School.

This year Francis E. Hummel T'49 was awarded the Herman Feldman Memorial Prize. The fund which provides this award was donated by Mrs. Matthew Huttner, Professor Feldman's niece, and Samuel A. Fried, his brother-in-law. The prize, consisting of a few carefully selected books in the labor and personnel field, is awarded annually to the second-year Tuck student who, in the judgment of the faculty, has done excellent work in his program as a whole and has displayed outstanding interest and ability in the fields of labor relations and personnel administration.

Roy F. Duke Jr. T'49 was the recipient of the James A. and Sabra M. Hamilton Prize in Ad ministration for 1949. This prize, given this year for the first time, is to be awarded annually to that member of the second-year class who by his personal qualifications and accomplishments in courses in Industrial Management and Administration has demonstrated unusually high capacity. The name of the recipient and date are to be inscribed on the James A. and Sabra M. Hamilton Administration Plaque, which is to be hung in the Tuck School. The donors of the prize have specified that it should be a jet crystal desk set holder with two pens and with an engraved plate stating the prize, the recipient and the date.

The Walter A. Jacobs Prize was awarded this year to Francis A. Drury Jr. D'48. The prize, established by Mrs. Walter A. Jacobs, widow, and Mr. and Mrs. Walter L. Jacobs, father and mother, of Walter A. Jacobs, is given annually to that first-year Tuck student who, in the judgment of the faculty and the first-year students, has demonstrated high intellectual ability, sound judgment and outstanding leadership qualities. The prize provides the recipient with the nucleus of a library. The books are selected by the recipient, with the advice of the faculty.

And now for a brief resume of faculty activities during the summer. Dean Olsen, in addition to his responsibilities at the School, has continued his writing and research activities developing from his participation in the Brookings Institution study of the techniques of administration used by leading corpora- tions.

Prof. N. G. Burleigh completed his work with the National Resources Security Board July 1. During his period of service as consultant, Nat participated actively in the formulation of plans for industrial mobilization for war and also directed the organization of several industry committees to work on the problem as it might be expected to affect their operations.

Prof. A. W. Frey spent the summer at the University of California, where he taught two courses in advertising.

Prof. Louis O. Foster was in Washington for the summer as a consultant to the Atomic Energy Commission. In this capacity, he helped in the establishment of an adequate accounting system for the Commission's activities.

On the local scene, Pro/. G. W. Woodworth has been working on his forthcoming text on Money and Banking and replanning his firstyear course in Business Finance to meet changed Tuck prerequisites. Prof. C. W. Sargent has been preparing a chapter on cost accounting systems for a new accounting handbook, and developing material for his course on the functions of accounting, offered to second-year students not majoring iii that field. Prof. J. E. Walters has continued his consulting work in addition to working in an advisory capacity on an industrial morale survey. As an added feature, he is supervising the construction of his "dream house," which is to be attractively located on Downing Road

Prof. J. A. GriswolcL put in a busy summer working on a text in the Corporation Finance field. The summer has also been an active one for Prof. H. L. Duncombe Jr. In addition to receiving a well-deserved promotion to Professor, the Assistant Dean found time to serve as chairman of the/arbitration board which settled a seriotfs labor dispute between the A. F. of L. Teamsters Union and the New Hampshire Trucking industry, and to start planning a text on business forecasting.

Prof. E. D. Gruen was at Duke University for its summer session. Since his return to Hanover, he has been hard at work on quirements for his Ph.D. degree.

The July 16, 1949, issue of Collier's contained an interesting article entitled "Dartmouth's Streamlined Mr. Chips," a brief account of Prof. H. R. Wellman's contributions to Tuck and Tuck graduates. Harry's many friends will be pleased to know that he has been on the job all summer.

Prof. Donald L. Stone and family visited the West Coast and Hawaii during the summer.

Prof. R. T. Davis is the proud father of a son—Stephen—born May 1. Bob has spent the summer in Hanover and has continued work for his doctorate degree.

Prof. Karl A. Hill, after a long illness, has recovered sufficiently to be on hand for the start of classes September 21.