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3-25-64 NEW COLLEGE NEWS RELEASE NEW COLLEGE, SARASOTA, FLORIDA FIBST D FURMAN C. ARTHUR INFORMATION araso simple ceremony recently highlight d the gr titud of the co-tounder or a foundation for a banker who help d administer t e found tio" c d ecs.me a :friend vell. The cer ony was in rr.ory of ul R. nso 1 late vice president nd trust officer of s.. r li:rst 1 ational Baru and Tzust Co ny, ara eta, Fla. In it, Mrs. co-founder with her late husband of the !lliam G. and Selby Found unveiled a portrait of the dece sed ba cr who secretary ot th Foundation's istration s. :::elby ented '!..he lik""neas o :Or. lj orge F. Baugh n, oyesiden.t of New Colle e, a n eil .v1.1.te 11bera. arts colLee e S lby _oun at.o and ,rs. ( elby hat given 5 0,000 he S by Sc ence Center prior to Hansc 'c death. e. has also given an udditi nal 25o.ooo to New Col l ge tor th naon 1ng of th o..;.lby Builaing and it 1 here that the it v1l perma n ntly hang. The college se k to 1 the names of such ph1laDthrop1sts as the elbye creation of 1 bera exts nd rogr tor le rn.ng second to none, to Dr. ughman. Firet faculty ent is worldrenowned historian Dr. rno1d J. Toynbee, n famou architect I. M. Fei i deeigning the $15 million waterfront c pu Dr. B \16hrna also honored Mr. Hall8on with these word : r t n: due t1on that was eo much part ot aul Hanson will b recalle y 11 who a e this in th structur which b ara his ua tl Hauson was eoretary of the committee at the ti the Selby' 500,000 pledg vas de it was the :first pledge and va a maJor factor in the euccea ot the (more}
NEW COLLEGE 2 elby Story -Firat Draft college's develo ent etrort which resulted in 6 millions in area gifts. The Selby Foundation was created in 1955 for scholastic and scientific philanthro y by s n w h o a $10 million fortune in oil explorations. t his death in 1956 half of his estate was the The Foundation while the balance, leaa several cash bequests, went to his wodow. The Fund is administered by committee made up of a. Selby, Leon Booth, Tulsa, Oklahoma, and the following oft1cers of the Palmer Benton w. president; Ho er w. Whitman, executive vice president; R. c. Hinze, vice preeideat and senior trust officer. Ri hard Jac son, trust officer, is secretary succeeding Hanson. The bank 1a ole Trustee. In addtton to N w College, the Foundation bas assisted numerous local charities, providca of years of scholarships, and a number of grants for college building Hanson, its orjginal vas a native of Olsburg, Kansas, vho wa educated at the University ot Chicago and W!I. S admitted t o the Illinois Bar. H ..., s an officer of the Ill inots Natioo.e.l Ban' -& Trust Com any-prior o 0.8 to Sarasota to organize Palmer Bank's Trust Deps.rtmenil in 1941. He was known througbo t the state tor hts suecessful'atfort to obtain reduction of Florida's intangible tax.