Samuel Burton Payne ’28

SAM PAYNE DIED May 5, 1991, at the Franklin Medical Center in Greenfield, Mass., his native town. He graduated from Greenfield H.S. At Princeton, he majored in economics and was a member of Terrace Club.

After college Sam worked with the Guaranty Co. of N.Y., Blyth & Co., and J. P. Morgan & Co., before going with Morgan Stanley in 1944. He became a partner in 1947, and was named president of Morgan Stanley when it became incorporated in 1970. After retirement in 1972, he remained as an advisory director.

Sam's expertise in corporate finance and management was recognized by a leaveofabsence assignment in reorganizing J. 1. Case & Co., and, after retirement, in working with the U. S. Railway Assn.

Sam was a trustee of the Boys' Club of N.Y., and of the Unitarian Church of All Souls.

Sam was married to Jeannette Hooker May 8, 1937. She died in 1977. Their children were Samuel Jr., John, Herbert '68, and Caroline KotoniasPayne. There are eight grandchildren. Sam married Dee G. Appley Jan. 31, 1980. In 1942, he purchased a farm in Shelburne, Mass., and in retirement was engaged in tree farming and raising Angus cattle.

Sam was a leader in Princeton alumni affairs. He was treasurer, V.P., president, and chairman of Annual Giving of the Class of 1928. His classmates had tremendous respect and affection for Sam, because of his integrity, his willing service in many capacities, and his genuine friendship. Their sympathy is with Dee Appley and his children and their families.

The Class of 1928