Word: wesleyans
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Dates: during 1960-1969
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...Insiders complain that he failed to strengthen his spotty staff and that he had a chip on his shoulder in dealing with the Securities and Exchange Commission. Relations were much smoother between the SEC and American Stock Exchange President Edwin D. Etherington who, before he accepted the presidency of Wesleyan University this summer, was the favored choice to follow Funston...
...trim 190 Ibs., Ted Etherington looks like central casting's image of a dynamic businessman. Son of a New York public accountant, he graduated from Wesleyan in 1948, taught English there for a year, then went on to Yale Law School. Etherington served for a year as clerk to a judge on the U.S. Court of Appeals, later went to work for a Wall Street law firm that specialized in investment problems. Eventually he moved on to serve as secretary and vice president of the Big Board under Funston. He was named head of Amex...
...Wesleyan, Etherington will take home much less than the $100,000 a year that he earns at Amex, but is so little worried about the loss of income that he hasn't even talked salary with the school's trustees. With an endowment exceeding $150 million, Wesleyan clearly picked Etherington for his executive rather than financial abilities, although, notes Trustee President Gilbert Clee, "No college seeking to be dynamic will ever have too much money...
Etherington's acceptance of the Wesleyan presidency came as a surprise to Wall Street, which considered him the man most likely to succeed Funston, who is expected to retire from the Big Board in the fall. Etherington, however, says that he has always been interested in education, and sees no radical discontinuity between investment and learning. He left law practice to join the exchange in the firm belief that its "whole raison d'étre is public service.'' Education, he adds, is simply the highest type of service...
During the past century, every revision of the Methodist hymnal has tended to reduce its Wesleyan content. Reversing the trend, the 1966 edition includes 81 hymns by John and Charles Wesley, 20 more than the 1935 version contained. Also included is a nostalgic fundamentalist favorite that was left out of the previous hymnal because it did not suit the musical palate of the time: The Old Rugged Cross. All in all, proudly sums up the Rev. Nolan B. Harmon, retired Bishop of Western North Carolina and one of the supervising editors, "it's the greatest hymnal...