Arthur Jacobsen ’49

Art Jacobsen died Sept. 2, 1998, in Vero Beach, Fla., following a prolonged illness.

Art prepared at Port Richmond H.S. in Staten Island, N.Y. He was a tech sergeant in the Army Signal Corps from 1942-46 in the Pacific theater. At Princeton he majored in economics, graduating Phi Beta Kappa, with highest honors. He was sales manager for the Princeton Photo Service and belonged to Key and Seal Club.

Following Princeton he worked at the First Natl. City Bank of New York, then was recruited to J.C. Penney Co. as treasurer, becoming senior v.p. and director of consumer financial services and then chairman of the board of J.C. Penney Financial Corp. He retired in 1984.

In 1951 Art married Elizabeth Baxter Sayford, and they had three children, the eldest of whom, Peter, lost a long battle with leukemia. They lived in Morris County, N.J., and at the time of Art's death maintained homes in Vero Beach and Nantucket. Art was a president of the Princeton Alumni Assn. of Nantucket and a member of the Nantucket and Riomar Bay (Fla.) Yacht Clubs, Vero Beach Country Club, Princeton Club, and St. Augustine of Canterbury Episcopal Church of Vero Beach.

Art is survived by his beloved wife Betty, daughter Martha, son Bruce, brother Bob Jacobsen, and seven grandchildren. To them all we extend our heartfelt sympathies.

The Class of 1949