Millionaire John Hay Whitney, 45, has long been known as a sportsman (polo, race horses) and financier (J. H. Whitney & Co., Freeport Sulphur Co.). He has also had a long-standing belief in freedom of opportunity for other people.
Last fall "Jock" Whitney decided to do something concrete about it. He set up a $10,000,000 foundation, announced that $100,000 would be made available in 1950 for "Opportunity Fellowships." Eligible: any young U.S. citizen "of exceptional promise [who had] not had full opportunity to develop his talents because of arbitrary barriers, such as racial or cultural background or region of residence."
Last week the...
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