The Secretary reported with regret the untimely death of Richard Hepworth,
Professor of Accounting, on January 4, 1967. The following memoir was
adopted, with copies to be sent to the surviving family: It is a sad obligation
to report the sudden death of Samuel Richard Hepworth, Professor of
Accounting, on the fourth of this month at the age of forty-six. He was in
New York City completing some inquiries in international accounting and
intercorporate development for the American Institute of Certified Public
Accountants.

Professor Hepworth was born in Topeka, Kansas, and earned his
baccalaureate at the University of Kansas. His graduate professional
education was obtained at the University of California at Berkeley and at The
University of Michigan, which conferred his doctorate upon him in 1954. By
that date he had acquired also teaching experience at Ohio State, Berkeley,
and Michigan, and about four years practical experience in various public
accounting firms. The University appointed him an Associate Professor in
1954, and a Professor in 1958.

The courses which he taught required both broad philosophical understanding
and precise technical knowledge, both of which he ably and unstintingly
supplied. Numbers of accounting firms sought his counsel, and in addition he
carried out invaluable research for state and national accounting
associations. Through his authoritative books, articles, and texts, of which
some are yet to be published and others will long be read and republished,
his reputation will be further enhanced even while the loss of his personal
presence is mourned.

Together with his immediate fellows in business administration, the Regents
of the University mingle admiration and gratitude with their sorrow as they
lament the untimely cutting off of this career still rich with promise. To Mrs.
Hepworth and the Hepworth children, they would extend their deepest
sympathy and would make formally known the honor in which his memory is
held.