H&S Railroad Man: Russell D. Tipton;

              PEOPLE IN H&S
H&S Railroad Man
Russell D.Tipton
His grandfather was a railway postal
clerk and his father worked in the traf­fic
department of the old Hocking Val­ley
Railroad in Ohio, later merged with
the Chesapeake & Ohio Railroad. It
seems only natural then, that Russell D.
Tipton, growing up in the bustling rail
center of Toledo in the 1920s, would
respond to the lure of steel rails and
the glamour of railroading in its heyday.
Today, Russ Tipton, partner in charge
of the Newark Office, is an acknowl­edged
expert in the field of transporta­tion
accounting and serves as the Firm's
industry coordinator for railroads. But
the chain of circumstances that brought
Russ Tipton to H&S and into the field
of railroad accounting was far from pre­dictable.
Russ was a student at Ohio State
University back in the mid 1930s, when
the country was painfully lifting itself
out of the great depression and jobs of
any kind were pretty hard to come by.
As it happened, the University was
looking ahead to better times when, in
1935, it decided to try out an internship
program for accountants. It was one of
the first schools to try such a plan.
The chairman of the accounting de­partment
at OSU, a man named Jacob
Taylor, arranged with Clifford Scovill,
H&S partner and manager of the per­sonnel
department, to send Harry Wey-rich
and Bill Royer to work for Haskins
& Sells in New York on a trial basis. It
was agreed that if the internship idea
worked it would be extended in subse­quent
years. Obviously things worked
out well, for partner Harry Weyrich is
now in the Executive Office with more
than thirty-six years with the Firm and
partner Bill Royer served twenty-three
years before his death in 1958.
The year after the internship pro­gram
started, the University decided to
send twelve to fifteen undergraduates
to intern with four or five of the major
accounting firms. Russ Tipton remem-
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