University of Virginia Library

State Accountants Establish
Chair in Commerce School

The Virginia Society of Certified
Public Accountants is providing funds to
the University to establish a special
professorship of accounting in the University's
McIntire School of Commerce.

The professorship, established by the
University's Board of Visitors, will honor
G. Blough of Penn Laird, Va., former president
of the American Accounting Association.

Income from the $150,000 being raised by
the Virginia accountants for the professorship
will be matched by the State Eminent Scholars
Fund. Under the eminent scholars program, the
State matches the income of endowment made
to institutions for the purpose of attracting
outstanding teachers.

The new professorship is the third established
in recent months through funds
provided by business-oriented groups. The
nation's banking interests, led by the Virginia
Bankers Association, is providing funds for
support of chairs in the departments of
economics and government and foreign affairs.

The Blough chair honors the first chief
accountant of the Securities and Exchange
Commission and former director of the
procurement policy division of the War
Production Board. In addition, Blough served as
director of research of the American Institute
of Certified Public Accountants and has taught
at the University, Columbia University, Pennsylvania
State University, the University of
Florida, the University of Illinois and the
University of California at Berkeley.

'Frank S. Kautback' , dean of the School
of Commerce, said that the new chair will aid
the University in attracting exceptionally
qualified professors and practitioners in the
accounting field to the University. This will in
turn help the University attract larger numbers
of exceptional students to the study of
accounting, he said.