Department of Defense Honors John D. Hertz: Given Certificate of Appreciation For Outstanding Public Service, Daily Racing Form, 1958-05-13


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JOHN D HERTZ Was awarded the Defense Departments certificate of ap ¬ preciation at ceremonies held yesterday in Secretary of Defense Neil McElroys office Department of Defense Honors John D Hertz HertzGiven Given Certificate of Appreciation For Outstanding Public Service WASHINGTON D C May 12 The highest award the Department of Defense may make to a civilian the certificate of appreciation was conferred today upon John D Hertz widely known businessman and owner and breeder of thoroughbreds by Secretary of Defense Neil H McElroy McElroyThe The presentation ceremony which was lield in the secretarys office was attended by nearly 100 of Mr Hertz close friends friendsThe The award Vas made in recognition of the outstanding public service in the in ¬ terest of the security of the United States performed by Mr Hertz in establishing jointly with his wife Fannie a scholarship fund for the training of mechanical and electrical engineers The articles of incor ¬ poration stipulate that any recipient of aid from the fund must pledge to serve the United States government in time of emergency emergencyAfter After reasonable provision for their three children John D Hertz Jr Mrs J M Saks and Mrs Paul L Hexter Mr and Mrs Hertz intend to make available to the fund all of the fortune of which they are areContinued Continued on Page Eight Dept of Defense Honors John Hertz HertzIs Is Awarded Certificate of Appreciation for Outstanding Service to Security of U S SContinued Continued from Page One Onepossessed possessed It is estimated that thousands of potential engineers can be trained with the millions of dollars that will go to the fund Already Mr Hertz has made avail ¬ able enough assets to subsidize more than 100 students a year yearAs As he pinned the ribbon and medal on Mr Hertz coatlapel Secretary McElroy told the founder of the fund that he was greatly honoring the Department of De ¬ fense fenseAnd And so too are you said McElroy turning to Mrs Hertz for I understand you are in this together togetherBoth Both Mr and Mrs Hertz said they were honored to receive the award and expressed their thanks to the secretary secretaryAmong Among those who were present1 at the ceremony were two of Hertz children John D Jr and Mrs Hexter Mrs Saks was unable to be present Others in the room were Robert Lehman Paul M Mazur and Monroe Gutman senior members of Lehman Brothers of which Mr Hertz is an active partner Victor Emanuel the financier Floyd Odium of Atlas Corpora ¬ tion and his wife Jacqueline Edward Teller of the Atomic Energy Commission Leonard S Florsheim of Chicago chair ¬ man of the board of Thor Products Tool Corp House majority leader John W McCormack D Mass J Edgar Hoover Director of the Federal Bureau of Investi ¬ gation George E Allen the finanicer and Edwin L Weisl chairman of the trustees of the fund fundCitation Citation Signed by McElroy McElroyThe The citation accompanying the award to Mr Hertz read readTo To John D Hertz for outstanding pub ¬ lic service in the interest of the security of the United States StatesWithout Without regard for personal considera ¬ tions and at great public sacrifice Mr Hertz has dedicated most of his personal fortune to the defense of the United States through the establishment of the Fannie and John Hertz Engineer Scholarship Fund to train mechanical and electrical engi ¬ neers In establishing the fund Mr Hertz has stipulated that any recipient of aid from the fund must pledge to serve the United States government in time of na ¬ tional emergency For this highly signifi ¬ cant contribution to the scientifical poten ¬ tial of the United States Mr Hertz is de ¬ serving of national recognition and I am pleased to award to him the highest civil ¬ ian award available to the Department of Defense the Department of Defense Cer ¬ tificate of Appreciation AppreciationSigned Signed Neil H McElroy McElroySecretary Secretary of Defense DefenseMr Mr Hertz is best known in the business world as the founder of the Yellow Cab Company and the Hertz UDrive It System Coming to the United States from Austria at the age of five he began his business career as a newsboy and worked his way up to a position of leadership in the trans ¬ portation business businessThe The idea of establishing the fund came when Mr Hertz read in a newspaper article that the Soviet Unions educational system was training twice the number of electrical and mechanical engineers that are being trained in the United States The establish ¬ ment of the fund of which Mr Odium is president was announced two weeks before the launching of the first Sputnik SputnikMr Mr and Mrs Hertz has bred and raced many turf champions since they entered the sport in the early 1920s They own the Stoner Creek Stud Farm in Kentucky and formerly bred horses at their Amarillo Ranch near Los Angeles Their greatest horse was Count Fleet rated among the best horses ever to race in this country who won the Triple Crown Kentucky Der ¬ by Preakness and Belmont Stakes in 1943 They also won tne 1929 Kentucky Derby with Reigh Count

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