Word: hancockers
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...that the figure was insignificant compared to that of funds invested in private notes, bonds, and mortagages. The books are a little hazy even on investment totals, however, for it was during the 1770's that one of American's greatest patriots and undoubtedly Harvard's worst treasurer, John Hancock earned his dual reputation...
Wrapped up in the cause of the tyrannized colonies, Hancock was frequently out of town and handled the University's funds without troubling to keep books. By 1776, the school had had enough, but Hancock paid no attention to hints that he resign his stewardship...
Finally in 1777, the Corporation at the request of the overseers replaced him with Ebenezer Storer. While presiding over the Continental Congress, Hancock reluctantly turned over to a tutor 16,000 pounds sterling of the school's securities. The tutor had to sneak through enemy lines to return to Cambridge. And from time to time thereafter, Hancock gave back other notes as he ran across them...
Modern, sterile John Hancock Hall is a far cry from the Haig, a tiny, dim-lit supper club across from Los Angeles' plush Ambassador Hotel. Yet, with just a few numbers from his low pitched saxophone, Gerry Mulligan, a lean-faced, red-headed young man with a "new sound," proved last night that he isn't far from home...
From then on, the rapid enrichment of the University paralleled that of the nation. While aiding the latter magnificently, Hancock had failed in his unintentional efforts to thwart the former. Harvard's investments climbed to over half a million dollars by 1830, to over a million by the outbreak of the Civil War, and to over ten million at the turn of the century...