| Thomas Bayard McCabe | |
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| In office April 15, 1948 – March 31, 1951 |
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| President | Harry Truman |
| Preceded by | Marriner S. Eccles |
| Succeeded by | William McChesney Martin, Jr. |
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| Born | July 11, 1893 Whaleyville, Maryland |
| Died | May 27, 1982 Swarthmore, Pennsylvania |
| Nationality | American |
| Alma mater | Swarthmore College |
| Profession | Economist |
Thomas Bayard McCabe (1893–1982), a graduate of Swarthmore, served as the chairman of the Federal Reserve from 1948-1951. The Chairman of the Board of Governors of the Federal Reserve System is the head of the central banking system of the United States and one of the most Events 307 - After divorcing his wife Minervina, Constantine marries Fausta, the daughter of the retired Roman Emperor Year 1951 ( MCMLI) was a Common year starting on Monday. Events of 1951 January Marriner Stoddard Eccles ( September 9, 1890 &ndash December 18, 1977) was a U William McChesney Martin Jr (born December 17, 1906, St Louis Missouri – died July 28, 1998, Washington D Events 911 - Signing of the Treaty of Saint-Clair-sur-Epte between Charles the Simple and Rollo of Normandy. Year 1893 ( MDCCCXCIII) was a Common year starting on Sunday (link will display the full calendar of the Gregorian calendar (or a Common Whaleyville is a Census-designated place in Worcester County, Maryland, United States. Swarthmore is a borough in Delaware County, Pennsylvania, United States. Alma mater is Latin for "nourishing mother" It was used in Ancient Rome as a title for the mother Goddess, and in Medieval Swarthmore College is a private, independent, liberal arts college in the United States with an enrollment of about 1500 students An economist is an expert in the Social science of Economics. Swarthmore College is a private, independent, liberal arts college in the United States with an enrollment of about 1500 students He was president and CEO of Scott Paper Company 1927–1967. The Scott Paper Company is a USA -based Corporation which manufactures mostly paper based consumer products McCabe graduated from Swarthmore College in 1915. While attending Swarthmore, he joined the distinguished non-secret fraternity Delta Upsilon. Delta Upsilon ( ΔY) is the 6th oldest international all-male college Greek-letter social fraternity and is the first non-secret fraternity ever McCabe also attended Harvard Business School. Harvard Business School ( HBS) is a renowned Business school in the United States
McCabe joined Scott Paper Company after serving as a Captain in the United States Army in World War I. The United States Army is a military organization whose primary mission is to "provide necessary forces and capabilities. World War I (abbreviated WWI; also known as the First World War, the Great War, and the War to End All He was 26 when he joined the company, and advanced to CEO by the time he was 34. Under McCabe's leadership, Scott Paper expanded from a single mill, employing about 500 people, into a multinational giant, employing over 40,000 at 60 locations throughout the world. McCabe retired from the board of Scott Paper in 1980.
He is notable on the Swarthmore campus for his donation of the McCabe library, the central library on the campus. McCabe also funds several prestigious scholarships and fellowships for Swarthmore students and alumni.
Scholarships and fellowships funded by McCabe:
The National McCabe Scholarship places emphasis on ability, character, personality, leadership, and service to school and community. The amount awarded is based on a student's demonstrated financial need and all need is met with scholarship. No interviews or separate applications are required for consideration.
The Regional McCabe Scholarship is the only merit-based scholarship at Swarthmore. Each year, two Regional McCabe Scholars are selected from each the Delmarva Peninsula Chester County, Montgomery County, or Delaware County in Pennsylvania. These four Regional McCabe Scholars receive a minimum of full tuition for each of their four years at Swarthmore (but more if they demonstrate financial need).
The Thomas B. McCabe Jr. and Yvonne Motley McCabe Memorial Fellowship is awarded annually to graduates of the College, and provides a grant toward an initial year of study at the Harvard Business School, or at the University of Chicago, Massachusetts Institute of Technology, Northwestern University, the University of Pennsylvania, or Stanford University. Harvard Business School ( HBS) is a renowned Business school in the United States The University of Chicago is a Private university located principally in the Hyde Park neighborhood of Chicago. The University of Pennsylvania (also known as Penn) is a private University located in Philadelphia, Pennsylvania, USA. Leland Stanford Junior University, commonly known as Stanford University or simply Stanford, is a private Research university located in The McCabe Fellowship is renewable for a second year on the same program. Yvonne and Thomas B. McCabe Jr. lived in Cambridge, Massachusetts for a time, and he received an MBA from Harvard University, and was a visiting lecturer there. Cambridge Massachusetts is a City in the Greater Boston area of Massachusetts, United States. The Master of Business Administration ( MBA) is a Master's degree in Business administration, which attracts people from a wide range of academic disciplines In selecting the recipient, the standards that determine the McCabe Achievement Awards are followed, giving special consideration to applicants who have demonstrated superior qualities of leadership.
| Preceded by Marriner S. Eccles |
Chairman of the Federal Reserve 1948–1951 |
Succeeded by William McChesney Martin, Jr. |
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