1951
Leonard Morrissey, secretary of the class of 1922, sent me a nice note and a news item from the Boston Globe of October 12 regarding George Bissell. As head of Boston's Keystone family of mutual funds, George oversees $3.1 billion in assets. But that's peanuts, or to be more precise, about one per cent of the $300 billion in mutual fund assets that George now indirectly represents as he takes over as the newly elected chairman of the Investment Company Institute. In his new role, George becomes spokesman for the fourth-largest financial industry in the U.S. Mutual fund assets have climbed five-fold from $60 billion in just five years, with only the commercial banking, savings and loans, and life insurance industries boasting larger.assets. George, a Wellesley resident, managed to keep his cool as Wall Street celebrated its second biggest week ever and the Dow nudged 1,000. "I think the week's events are very exciting. Investors are betting the economy will turn around in the fourth quarter," he remarked. "It takes time for the reality of lower interest rates to seep into the consumer's mind," he adds. Speaking from Washington, where He was attending an institute board meeting, George added this bit of understatement: "Most of the board members were pleased they had committed assets to the market." George, a 53-year-old, cigar-smoking executive, is a veteran officer in Boston's army of money managers. For years he worked as a portfolio manager and analyst at Massachusetts Financial Services, the holding company for the fund family that includes Massachusetts Investors Trust, the fund that started the entire industry back in 1924.
Al Folger writes that he attended the graduation of his nephew, Pete Folger, this past June and met Buck Scott at the crew coach's house. Al sent a nice photo of himself and his young friend, Cord Jemisori, in their rocking chairs on the patio. Unfortunately we couldn't use it here, because it's in color. Cord is the grandson of the Jemison family who purchased Al's prizewinning 1974 water color of Dionis on the north side of Nantucket Island, where he lives.
Howie Read writes that "after 20 years in hospital chief executive officer jobs, Peggy and I went traveling and sailing for two years and then opened a hospital and health consulting business which has kept me busier than I want to for the last three years. Given upstate New York clients and others in Boston, Maine, and Hanover areas, we are in a logical place to be located. Orange is 180 good people snuggled (some all too snuggled!) at the foot of Cardigan Mountain. For recreation I jockey boats up and down the coast, work at reclaiming our old farm, and generally pursue the outdoor life. Peggy's twins are both ocean engineers. Susan and Cathy, my daughters, after Mills graduation are with Pacific Bell and Proctor Academy."
Bob Hustek writes that he spent a weekend in Hanover in May and saw Ed Leede '49. "We sat on the porch at the Hanover Inn and had a nice long chat about the 'good old days.' He will be in Hanover again for the Yale football game and mini-reunion on the weekend of October 30 and hopes to see a lot of our classmates."
The University of Virginia's board of visitors elected Jeff O'Connell one of 16 faculty members to chaired professorships during its fall quarterly meeting in Charlottesville. Jeff was named the John Allan Love Professor of Law. He has-been on the university faculty and a member of the Center for Advanced Studies since 1980. A specialist in accident and insurance law, he is the author of the principal work that proposed no-fault auto insurance and most recently of The Lawsuit Lottery: Only the LawyersWin._ After graduation, Jeff attended Harvard Law School and has twice been awarded a Guggenheim fellowship. Before coming to the University, Jeff taught law for 12 years at the University of Illinois at Urbana-Champaign.
Joe O'Conner writes that their son Michael is in the class of 1986 at Dartmouth. Joe says he's signing up after he pays all bills for son Michael and daughter Cathy (eighth grade now, but destined for the class of 2000 ... at least)!
Sturdy Heifer writes that he has practically retired, and his sons are running the business. Rachel and he leave in January on their next adventure: Bangkok and overland to Singapore, then swapping farms for a year with a dairy farmer (250 cows) in Taranaki, New Zealand, and home via Borneo and points east. Anyone in North Island in 1983 will be welcomed.
Bob Hackstaff advises that he at last has retired as chairman of the board of Office Network Inc., of which he was one of its four founders. The operation has grown into 24 companies in 33 cities across the land, specializing in commercial and industrial real estate brokerage. Bob still remains very busy as president of Frederich R. Ross Company of Denver.
It is with great personal sadness to have to report the death of our good friend and treasurer of the class, Don Morse. Many fine personal thoughts are expressed in Dave Batchelder's newsletter, and his passing is also noted in the obituary column of this or a later issue. The family has established a memorial fund at Dartmouth, and contributions may be sent to the Donald F. Morse Memorial Fund, c/o Gift Recording, 210 Blunt Alumni Center, Hanover, N.H. 03755.
Charles Harvey Hood II '5 1 was honored for his service in business, community, and college spheres as the recipient of an Alumni Award in November. After 24 years' association with H. P. Hood and Sons, he is now president of the Charles H. Hood Foundation, benefactors of children's health programs. Interest in youth, health, and education are also evident in his wide range of community posts including as an overseer of the Boys' and Girls' Clubs of Boston, a board member of several Boston-area hospitals, and a trustee of Cardigan Mountain School and Lesley College. His Dartmouth service has also been extensive he has been class head agent and president, president of the alumni association of Greater Boston, an Alumni Councilor, and chairman of the Alumni Fund.
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