University of Mississippi eGrove Haskins and Sells Publications Deloitte Collection 1976 Baltimore: an office ofipr le Anonymous James H. Karales Follow this and additional works at: https://egrove.olemiss.edu/dl_hs Part of the Accounting Commons, and the Taxation Commons Recommended Citation H&S Reports, Vol. 13, (1976 summer), p. 01-11 This Article is brought to you for free and open access by the Deloitte Collection at eGrove. It has been accepted for inclusion in Haskins and Sells Publications by an authorized administrator of eGrove. For more information, please contact [email protected]. Baltimore is a city of contradictions. Lo­ voted approval of a $10 million bond cated south of the Mason-Dixon line, it issue to finance a complete renovation of lies in a state that never seceded from the the historic, century-old City Hall, while Union. Essentially southern in tempera­ in Annapolis the State General Assembly ment, pace and quality of life, it is one of recently voted approval for a new under­ the great industrial port cities of the ground rapid transit system and a con­ nation. Despite a population of less than vention center for Baltimore. It is a one million in Baltimore proper, it is municipality that takes pride in being served by three daily newspapers, the home to both the Peabody Institute, the same number published in New York oldest privately endowed music school City. Like most metropolitan areas today, in the country, and the ultramodern Baltimore is plagued by financial prob­ Maryland Science Center, built by the lems. Yet it ended fiscal 1975 with a sur­ 179-year-old Maryland Academy of Sci­ plus of $52 million. ences and opened just this June as part of Perhaps most important, it is a city the Inner Harbor Redevelopment Area. that has not lost its will to live, that has Like the original colony of Maryland, taken a hard look at its economic and established early in the seventeenth cen­ social ills and is taking realistic steps to tury, Baltimore was founded on the find remedies. It is a city where pictur­ tobacco trade. Named after the English esque historic neighborhoods contrast Barons Baltimore, the city was chartered with new construction—a Baltimore outer as a "tobacco port" in 1729. It was not harbor bridge to be opened later this long before Baltimore's harbor facilities year that will improve the traffic flow and strong merchant community trans­ on 1-95, the major interstate highway formed it into one of the busiest port running from Maine to Florida; an ex­ cities in the New World. By the time of tensive redevelopment of the Inner Har­ the American Revolution, Baltimore had bor area that will turn it into an established itself as a key center of ship­ attractive and versatile business, cultural ping to northern Europe, the Mediter­ and recreational center. ranean and the Caribbean. (It's a little- Baltimore is a city where the residents known fact that Congress held sessions BAMMORE Just about everything one could want! An Office Profile for two months in Baltimore during the after the founding of the Firm, that the Revolutionary War after having fled from Baltimore office, our seventh, was opened Philadelphia in fear of the British.) for business. Bob Koeppel, a native New Spurred by the rapid growth of iron Yorker, has been partner in charge in and copper industries, the city boomed Baltimore for the past twelve years and after the Revolution, with the famed has grown attached to the city. "My wife Baltimore clipper ships challenging and I intend to remain here when I retire England's dominance of the marine trade next year," he said. "Our friends are routes. And it was the failure of the here, we like the climate, and there is English naval bombardment of Balti­ just about everything available in the more's Fort McHenry during the War of way of cultural, social and recreational 1812 that inspired Francis Scott Key to activities that one could want." write "The Star-Spangled Banner." Bob began with the New York office Following the War of 1812 the city grew of H&S in 1938 after graduating- from and prospered. The first telegraph line Columbia University. His career was in the United States was strung between interrupted by a four-year stint with the Baltimore and Washington, while the army, where he rose to the rank of major opening of the Baltimore ck Ohio Rail­ as a finance officer during World War II. road established the city's position as a Rejoining the New York office after the key center for shipping to and from the war, Bob was admitted as a partner in Midwest, which is still enjoyed today. 1953 and three years later opened the Its reputation as a producer of heavy Firm's New Haven office, where he industrial goods, spurred by the First served as partner in charge until trans­ World War, grew even stronger during ferring to Baltimore in 1961. World War II, when Baltimore was an Long active in professional societies, important source of aircraft, ships, steel Bob is president of the Central Mary­ and other war materiel. land Chapter of the Maryland Associa­ The potential of Baltimore for a grow­ tion of CPAs, and has served as a director ing Firm was recognized early by Haskins of both the state association and the Bal­ & Sells. It was in 1910, only fifteen years timore Chapter of the National Associa- Matters of finance and budget were of no concern to the children enjoying lunchtime recess at Ruxton Elementary School in suburban Towson, Maryland, one of the schools under the jurisdiction of the Baltimore County Board of Education. Framed by the children are (in background, I. to r.) B. Melvin Cole, associate superintendent, Division of Business and Finance, BCBE; Joseph F. Frey, internal auditor, BCBE; H&S staff accountant Bruce Myers; H&S partner John Kuhn; Joshua R. Wheeler, superintendent of the BCBE; and Dick Bradley, Ruxton School's principal. *• tion of Accountants. He will soon begin affairs. In 1973, one of the Firm's regional his third term as a director and vice PIC meetings was held there. president and treasurer of Junior »-> Alexander & Alexander Services Achievement of Metropolitan Baltimore. Inc., a worldwide firm of insurance "Baltimore is an excellent training brokers, agents and consultants offering ground for the CPA(" Bob maintains. risk management and other services to "The broad variety of clients we serve, business and industrial clients. Benefacts, including clients with sizable domestic Inc., a subsidiary, prepares data for com­ as well as foreign operations, gives every munication to employees concerning a staff man or woman who joins us the company's benefit programs. opportunity for exposure to an extremely ^-> A.S. Abell Company, publisher of wide range of professional experience!' three newspapers, The Sun, The Evening A roster of only some of the Balti­ Sun, and The Sunday Sun, and owner of more office's clients confirms Bob's WMAR-TV in Baltimore. observation: »)» >The Peabody Institute and the Mary­ *->McCormick & Company, Inc., a land Science Center of the Maryland specialty food company engaged in the Academy of Sciences. manufacturing and marketing of season­ !»->-Provident Hospital, a modern facility ing and flavoring products to the grocery operated primarily by and for Baltimore's products markets and food service black community. markets and to other food processors. l»->-Schenuit Industries, Inc., a diversi­ Maryland Properties, Inc., a subsidiary, fied manufacturer with operations in owns three large business community Baltimore, Harrisburg and St. Louis. properties, the largest of which is the Sun Life Insurance Company of Hunt Valley Business Community, site America, which constructed one of the of McCormick's Hunt Valley Inn, where first buildings in Baltimore's new Charles the Firm has held two of its Firm-wide Center complex. MAS meetings and which has been used M—> Association of Maryland Pilots, a by the Baltimore office for some of its partnership of professionals who pilot staff training sessions and various social the ships entering and departing the Top left photo: The early-morning sun rises over client Sun Life Insurance Company's headquarters building (directly behind lamppost) as Baltimore partners (I. to r.) Bob Koeppel (PIC), Warren Reed, John Kuhn and Bob Eliason stride through Hopkins Plaza on way to H&S offices in nearby Mercantile Bank & Trust Building. Top right photo: There was good news in the headlines the day that Jesse T Crowder (c), treasurer ofA.S. Abell Company, H&S manager Ted Bluey (r); and senior Doug Risher inspected early edition of The Evening Sun. A.S. Abell publishes The Sun, The Evening Sun and The Sunday Sun, and also owns television station WMAR-TV in Baltimore. Bottom photo: Jack Williams (r.), vice president and treasurer of The Nelson Company, and Wayne Long(l), controller of Schenuit Industries, Inc., explain early stage in production of wire and cable reels to H&S manager Ted Bluey and staff accountant Grace Smith. The Nelson Company, a subsidiary of Schenuit, is a major producer of wood reels and pallets at its Baltimore plant. 4 port of Baltimore. came to Baltimore in 1971 via our Seattle )))» >The News American, a daily news­ and Chicago offices. "Our tax clients paper, and the television station WBAL- range in size from the modest all the way TV, both part of The Hearst Corp. up to the large international companies Our Baltimore office also has estab­ like Alexander & Alexander and McCor- lished itself as a leader in governmental mick & Company," he said. "This not and municipal work.