Herbert Francis Taggart, Professor of Accounting and continuing national
authority on price-discrimination cases, is relinquishing his active status
after forty-six years on the University faculty.

Professor Taggart was born in 1898, in Elk Point, South Dakota, and was
schooled in Charlevoix, Michigan. Transferring to The University of
Michigan as a junior from The College of Wooster in Ohio, he was
graduated with high distinction in 1920 and immediately joined the faculty
of the Department of Economics. Pursuing also his graduate studies, he
earned his master's degree in 1922 and his doctorate in 1928. In the years
from 1922 to 1924, he taught at the University of Kansas. Reappointed
Instructor of Economics here in 1924, he was made Assistant Professor of
Accounting in the then relatively new School of Business Administration in
1929 and was elevated to Associate Professor in the following year. His
professorship dates from 1938. During the years 1943-46, he served as
Major and (later) Lieutenant Colonel in the Army Finance Department in
Washington.

Within the academic program in business administration, Professor Taggart
taught courses in cost accounting and related fields, significantly extending
the instruction in areas of peculiar interest to him, such as distribution cost
analysis. For a decade after his return from military service, he served also,
with his accustomed fidelity and efficiency, as Assistant Dean of his School,
having special responsibility for admissions. At various times, furthermore,
he chaired the Academic and Promotion committees and sat on the
Executive Committee and on committees or boards concerned with
curriculum, graduate studies, faculty fellowships, and the Michigan Business
Review.

Despite this wide range of duties, he was able to devote his time and special
talents most liberally to agencies of the Federal Government, serving as
adviser, consultant, or study director for the Economic Cooperation
Administration, the Atomic Energy Commission, the Federal Trade
Commission, the Defense Department, and the United States General
Accounting Office. Within the state, he was long a member of the
Governor's Advisory Commission on Prepaid Hospital Care. In professional
circles, Professor Taggart was president of the American Accounting
Association, a director of the National Association of Cost Accountants, and
an influential committeeman of the American Institute of Accountants, the
Controllers Institute of America, and the state and national associations of
Certified Public Accountants. Among his peers, his opinion on operations
under the Robinson-Patman Act, which he analyzed in a book published in
1959, was accepted as authoritative. It is a source of pleasure to his
colleagues that he is even now continuing his research on pricediscrimination
cases.

The Regents of the University extend to Professor Taggart their warm and
respectful thanks for his devoted offices in the School of Business
Administration and for the honor, which he brought to this institution
through his public and professional service. They pay tribute as well to the
gracious personal qualities, which endeared him to his fellows and to
generations of students. And they trust that he will long lend the University
his welcome presence as he enjoys the privileges perquisite to the title now
conferred: Professor Emeritus of Accounting.