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TRIP TO PHILADELPHIA &
PRINCETON, N.J. - June 198
4
Collection: Paul A. Volcker Papers
Call Number: MC279
Box 13
Preferred Citation: Trip to Philadelphia and Princeton, NJ, 1982 June; Paul A. Volcker Papers, Box
13; Public Policy Papers, Department of Rare Books and Special Collections, Princeton University
Library
Find it online: http://findingaids.princeton.edu/collections/MC279/c236 and
https://fraser.sdouisfed.org/archival/5297
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From the collections of the Seeley G. Mudd Manuscript Library, Princeton, NJ
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Seeley G. Mudd Manuscript Library
65 Olden Street
Princeton, NJ 08540
609-258-6345
609-258-3385 (fax)
mudd@princeton.edu
June 25, 1982
Dr. William G. Bowen
President
Piinceton University
Princeton, New Jersey 08540
Dear Bill:
Thanks for the photos, and much more for the
hospitality and "award." You know nothing is quite
the same as recognition from Alma Mater and Princeton
and when you can combine them, that's nirvana!
A couple of days later I went down to Washington
Square to see my son graduate from New York University.
They have quite a pageant -- and I was interested to
see they also gave a degree to Professor Hawking.
All the best to you and Mary Ellen.
Sincerely,
PAV:ccm
NO
Princeton University
PRINCETON, NEW JERSEY
08540
PRESIDENT
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Princeton University
PRINCETON, NEW JERSEY 08544
PRESIDENT S ROOM
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Mr. Paul A. Volcker
Chairman of the Board of Governors
Federal Reserve System
Washington, D.C. 20551
Dear Paul:
Just a brief note, now that Commencement is
over, to say first how much I enjoyed seeing you
here and how delighted I was to be able to present your degree to you. Also, I thought I might
add one comment about your citation. The reference in it to "the long view" was included deliberately because that is the title of a collection
of essays by Jack Viner that has always been a
favorite of mine. I hope you will be pleased to
be associated with Jack, who was one of my favorite teachers when I was a graduate student here.
With best wishes,
Sincerely,
William G. Bowen
WGB:lc
Itinerary -- Chairman Volcker
Sunday, June 6, 1982
12:30 PM (approx.)
4:00 PM
Drive to Philadelphia, Pa.
Memorial Service for Tom McCabe at the
Swarthmore Presbyterian Church, Harvard Avenue,
Swarthmore, Pa.
Drive to New York in NY Fed car (they will
meet you at the Church)
Monday, June 7
Drive to Princeton, N.J. (with Mrs. Volcker)
Reservation at Nassau Inn (609) 921-7500
7:00 PM
Black tie dinner II.sident & Mrs. Bowen,
83 Stockton Street
Walter Lowrie H
Professor Stephenfeld, Chairman of the
Department of Ecos, will pick you up
at the Nassau Inno with you to the
dinner (he is yout during Commencement)
Reception followiner
Tuesday, June 8
10:00 AM
Jr
will bring you to Nassau Hall
Professor Goldfeld
(Jadwin Gymnasium, Balcony Conference Room)
for robing, photographs, etc.
10:30 AM
10:40 AM
11:00 AM
Academic procession forms
Academic procession moves
Commencement Exercises
Luncheon immediately following at Prospect House
(concludes at approximately 2:30 PM)
Drive to New York
Wednesday, June 9
7:00 AM
8:00 AM
Depart New York on Eastern Shuttle
Arrive Washington, D.C. (National Airport)
Depart National on Eastern Shuttle
Arrive New York
New York Fed car will meet you
Thursday, June 10
10:00 AM ??
Graduation Exercises at New York University
•
Princeton University
OFFICE OF THE GENERAL COUNSEL AND SECRETARY
PRINCETON, NEW JERSEY 08544
May 10, 1982
CD
PERSONAL AND CONFIDENTIAL
rT1,
CZ/MD
Mr. Paul A. Volcker
Chairman
Board of Governors of the
Federal Reserve
Washington, DC 20551
C')
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Dear Mr. Volcker:
Thank you for your recent letter regarding your visit to
Princeton in June. Enclosed is a brief outline of Commencement
activities relating to recipients of honorary degrees.
We have arranged accommodations at the Nassau Inn for
you and Mrs. Volcker for the eve/Lag
In this regard,
it would be helpful to know your approximate time of arrival in
Princeton, and you should be in touch with me or my Assistant,
Virginia Nath (609-452-5560), as soon as these arrangements are
final.
As I mentioned in my earlier letter, it is traditional
for honorary degree recipients to have a University host during
the Commencement festivities. Professor Stephen Goldfeld,
Chairman of the Department of Economics, will serve as your host
during your visit, and particularly will take you and Mrs. Volcker
to President Bowen's home for the dinner on Monday evening and
to the Commencement ceremony on Tuesday morni777Can you please let me know the names of any guests,
other than Mrs. Volcker who may wish to attend the Commencement
ceremony and the luncheon immediately following, so that I can
arrange to send them tickets for the various gatherings or have
them available at the Nassau Inn.
Please let me or Ms. Nath know if you have questions
that we might answer of if we can be of assistance.
We all look forward to the occasion.
ncerely,
Wright/LIA"---THW:kmh
Enclosure
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UNIVERSITY
MEMORANDUM FOR RECIPIENTS OF HONORARY DEGREES
COMMENCEMENT 1982
Monday, June 7th
7:00 p.m.
President and Mrs. Bowen's dinner at the Walter
Lowrie House, 83 Stockton Street (black tie)
9:30 p.m.
(approximate)
Reception following dinner (attended by hosts and
other invited guests)
Tuesday, June 8th
10:00 a.m.
Host or escort brings recipient to Nassau Hall
(Jadwin Gymnasium, Balcony Conference Room,
entrance directly off Faculty Road, in case of
rain) for robing, photographs, and final
instructions
10:30 a.m.
Academic procession forms
10:40 a.m.
Academic procession moves
11:00 a.m.
Commencement Exercises
Luncheon immediately following Exercises
Prospect House
(concludes at approximately 2:30 p.m.)
HONGRA:RY DEGREE rrFMONY
Each honorary degree recipient will have a Trustee escort in the
The conprocession and in the front row of the platform seating.
ferring of honorary degrees comes toward the end of the Exercises.
When the University Orator presents the recipient to the President,
the recipient will accompany the Trustee escort to a position in front
The University
of the President's desk, half facing the audience.
Orator will then read a citation. At the end of the citation, the
recipient will turn and face the President.
The President will then
confer the degree, and the Chief Marshal will place the appropriate
hood over the recipient's shoulders. After the hood has been placed,
the President will shake hands with the recipient, who will turn and
Lice the aud!ence for a mordent; then the recipient and the escort
return to their respective places.
Princeton University
OFFICE OF THE GENERAL COUNSEL AND SECRETARY
PRINCETON, NEW JERSEY 08544
February 25, 1982
PERSONAL AND CONFIDENTIAL
fir".3
CLZ.D
Mr. Paul A. Volcker
Chairman, Board of Governors
The Federal Reserve Board
Washington, D.C. 20551
Dear Mr. Volcker:
As Secretary of the Committee on Honorary Degrees, it is
my pleasure to write to you in a preliminary way about arrangements for the Princeton Commencement on Tuesday, June 8.
In a subsequent letter, I shall provide you with the
names of your hosts while you are in Princeton. Also, I shall be
sending you a schedule for Monday evening and Tuesday, and a
description of the honorary degree ceremony. It may be helpful
for you to know that recipients of honorary degrees at Princeton
are not expected to make any formal remarks.
It would be helpful at this time if you could let me
know whether you wish the University to provide a cap and gown,
and if so, your height and hat size. Academic attire will only
be needed at the Commencement Exercises on Tuesday morning; the
honorary degree hood that you will receive will be yours to keep.
In addition, we would appreciate receiving from you, if
available, a current resume' that we may use in the preparation
of publicity, programs and announcements for the Commencement
ceremonies--all of which will be kept confidential until June 8.
We look forward to the occasion and to the pleasure of
meeting you. Please do not hesitate to write or call me or my
assistant, Virginia Nath (telephone no. 609-452-5560) if you have
any questions or if we can be of assistance.
•1 cerely,
Thomas H. Wright
THW:v1n
ii
Princeton University
FiGZ FE
I r's
PRINCETON, NEW JERSEY 08544
ESIDENT'S
'
ROOM
t
February 10, 1.982
Personal
Mr. Paul A. Volcker
Chairman
Board of Governors of the
Federal Reserve System
Washington, D. C. 20551
Dear Paul:
Thank you for your note of February 4. I am
delighted that you can be with us to receive an honorary
degree at Commencement. Our decision to offer you an
honorary degree convinces me again that we come to at
least some right conclusions !
With best personal regards,
Sincerely,
William G. Bowen
WGB:lc
February 4, 1962
Mr. William G. Bowen
President
Princeton University
Princeton, New Jersey
Dear Bill:
I was naturally delighted to receive
your letter about the Trustees' election
of me for an honorary degree. Obviously,
it means something very special from
Princeton. And perhaps, given my present
position, a special amount of bravery and
appreciated confidence by you, the Committee,
and the Trustees!
Barbara and I will plan to be with you
on June 8 and the night before. Meanwhile,
we'll keep it quiet.
With best regards,
PAV:ccm
Princeton University
PRINCETON, NEW JERSEY 08544
1963,1,11 70
PRESIDENT'S ROOM
.,,• 142
9
January 23, 1982
PERSONAL AND CONFIDENTIAL
Mr. Paul A. Volcker
Chairman
Federal Reserve Board
20th and Constitution Avenue, N.W.
Washington, D. C. 20551
Dear Paul:
I am very pleased to inform you that you have been elected
by the Board of Trustees of Princeton University to receive the
degree of Doctor of Laws, honoris causa, at our Commencement in
June. The action of the Board followed the strong recommendation
of the Committee on Honorary Degrees, which I chair, and which
includes members of the faculty and student body as well as
Trustees.
Commencement this year is on Tuesday, June 8, and it is the
longstanding practice of the University that honorary degrees are
conferred only on persons who can be present on Commencement Day
to receive them. I hope that your schedule will permit you to be
present, and that Barbara will be able to accompany you to Princeton.
Also, on the preceding Monday evening, Mary Ellen and I will give a
dinner for the recipients of honorary degrees and we hope that you
and Barbara will be with us on that occasion too.
Please let us know as soon as you can if it will be possible
for you to accept this degree. If that is possible, as I certainly
hope it will be, the Office of the Secretary will provide you with
further information. As no public announcement concerning honorary
degrees is made until they are conferred, I would appreciate your
holding this matter in strictest confidence until that time.
Sincerely,
William G. Bowen
WGB:caf
BOARD OF GOVERNORS
OF THE
FEDERAL RESERVE SYSTEM
Office Correspondence
To
Chairman Volcker
From
Office of the Secretaryq,,,e
(Jim McAfee)
Date June 3, 1982
Subject:
In connection with the memorial service for Thomas McCabe on
Sunday, here is the obituary from the Philadelphia Inquirer, and your
telegram of condolence to Mrs. McCabe.
The McCabe family requested that no flowers be sent, so we
have arranged (with Governor Gramley's approval) for the Board to contribute $25 each to three funds designated by the family: Memorial Fund of
Swarthmore Presbyterian Church; McCabe Fund - Hospital of the University
of Pennsylvania; and McCabe Scholarship Fund - Swarthmore College.
Attachments
(ioi‘,11MERCIAL TE EGRAM OR CAM.
BOARD C
GDC 1029471
Rate:
GOVERAMS OF :!E FEDE1AL RESERVE SY
KCB
charge to FEDERAL RESERVE B(
vi::
Mrs. Thomas B. McCabe
It is with profound regret that the Governors of the redenal
Reserve have learned of the death of your husband, aL -J on
behalf of the Board, I wish to extend our heartfelt s:-.1pai_hy.
The Federal Reserve System is fortunate to have had such
dedicated man as Mr. McCabe, who made major contributions to
to the Nation as Chairman of the Board of Governors aHd
page 1 of...a_
PLEASE TYPE OR WR.ITE PLAINLY WITHIN INNER BORDER—DO —CT
7CLD
If additional space is required continue in space below.
UDC 1029471
KBC
charge to FEDERAL RESERVE BC,\RD
Chairman of the Board of the Federal Reserve Bank of
Philadelphia, as well as head of a world-wide corpora ion
Our deepest sympathy goes out to you in your time of orrw.
Paul A. Volcker
Chairman, Federal P2serve
Board
page 2 of 2
PLEASE TYPE OR V,RITE PLAINLY WITHIN INNER BORDER—DO
'OLD
FOR OFFICIAL BUSINESS ONLY—S03 Secr ,
-_ tarial Handbook for In3tructio;' an ' Ra:es
BOARD DF C OVERNORS
FEDERAL RESERVE SYSTEM
•
Office Correspondence
To
Board of Governors
From
William W. Wiles
Date
Ma- 28 5 1989
".
Subject:
Thomas B. McCabe, former Chairman of the Board of Governors
(1948-1951), died yesterday at his home in Swarthmore, Pa. at the age
of 88.
Prior to his chairmanship, Mr. McCabe was associated with the
Philadelphia Reserve Bank for eleven years as a Class C Director,
serving nine years as Chairman.
I have attached some information from the Reserve Bahk
regarding funkral arrangements.
Attachment
DATE:
May 28, 1982
TO:
MR. WILLIAM WILES
OFFICE OT THE SECRETARY
BOARD OF GOVERNORS OF THE
tEDERAL RESERVE SYSTEM
WASBItiCTON, D.C.
Thomas B. McCabe. 88, the man who built Scott Paper Co. into a
giobe-spannIng corporation and, along the waY, became a major force in the
nation, died Thurbday At hig home in Swarthmore—
In addition to his wlfe, he is survived by two sons, Richard W.
grandchildren and three great-grandchildren.
and James;
Re will le buried ip the cemetery in WhaleyavIlle, the towm where
he was born.
A memorial service is to be held June 6 at A:00 p.m. at the
Swarthmore Prebbyterian Churcb, Harvard Avenue, Swarthmore, Pa.
Mr. McCabe's home address is:
.
111,e family has requested no flowers.
Donations may be made to:
Memorial Fund of Svarthmore Presbyterian Church; McCabe rund-University
Pennsylvania Hospital; McCabe Scholarship Fund-Swarthmore College.
Complete newspaper article to be mailed to you today by pouch.
Edward G. Boehne
Philadelphia
4
Removal Notice
The item(s) identified below have been removed in accordance with FRASER's policy on handling
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Citation Information
Document Type: Newspaper article
Citations:
Number of Pages Removed: 2
Van Atta, Burr. "T. McCabe; Headed Scott, Served U.S. Presidents." Philadelphia Inquirer,
May 28, 1982.
Federal Reserve Bank of St. Louis
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