Article

Dartmouth Conference On Stock Ownership

July 1955
Article
Dartmouth Conference On Stock Ownership
July 1955

A TWO-DAY business conference, sponsored jointly by Tuck School and the College, brought many leading industrialists to Hanover on June 23 and 24 for a series of talks and panel discussions on "Broadening the Base of Stock Ownership." Charles F. McGoughran '20, secretary of the Sinclair Oil Company, was chairman of the conference. G. Keith Funston, president of the New York Stock Exchange and principal speaker at the dinner held on Thursday night, was introduced by President Dickey to the sixty participants in the conference.

Mr. McGoughran opened the Thursday afternoon panel, which had as members four participants in the Dartmouth Economic Research Council's study of the Stock Exchange. These were: Robert Wirth of Harris, Upham & Co.; Bernard T. Frevert of Standard & Poors Corp.; Arthur Bullock of Paine, Webber, Jackson & Curtis; and Richard Allen of Vincent Astor.

Taking part in Friday's panel were: James Corbett, partner in Merrill Lynch, Pierce, Fenner and Bean, whose firm underwrote the expenses of the conference; T. Crawley Davis, vice president of E. I. DuPont deNemours Inc.; and John J. Scanlon, treasurer of American Telephone and Telegraph Co. The work of the conference was summarized by Carroll L. Wilson, director of finance of the Champion Paper and Fibre Co., at the concluding Friday luncheon at the Hanover Inn.

Among the participants, who came from all kinds of businesses, large and small, were: Harry Bullis, chairman of General Mills in Minneapolis; Nathaniel Leverone '04, board chairman of the Automatic Canteen Co., Chicago; William H. Preston, Claremont, N. H., works manager of the Joy Manufacturing Co.; William J. Bryant '25, president of the Bryant Chucking Grinder Co., Springfield, Vt.; George S. Case Jr. '29, president of Lamson and Sessions Co., Cleveland; Donald Miller, president of Greenfield Tap & Die, Greenfield, Mass.; J. William Embree '21, president of Rittenhouse and Embree, Chicago; and R. S. Robie, president of Avis Car Rental, Boston.

President Dickey with G. Keith Funston, president of the New York Stock Exchange.