“A Visionary Thing to Do” In May 1962 trustee Irving S. Amrhein established a fund for investment purposes, seeding it with $20,000. “Amrhein wanted to provide students with a realistic experience of working in the stock market,” related G. Alden Sears, professor emeritus of economics and business, who was chair of the department at the time. Under the advisement of John Grenier, former professor of economics, the students adopted a theme that has served them well. “
“It’s wonderful to talk about success,” said Linda Ravelle, associate professor of economics and business. “But there will be that students should learn to make opportunity from catastrophe,” noted former club member and alumnus Louis Pektor ’72. According to Pektor, Grenier helped students conceptualize the major economic forces and trends over the long run that lead to real gains. Pektor, who was a business major, returned to Moravian and was the club’s advisor for several years. He cited the club and its achievements as a tribute to Amrhein and Grencer. Beverly Young, a vice president of investment at Janney Montgomery Scott, is the “stockbroker of record” for the Amrhein Investment Club. She recently commented that Mr. Amrhein figured he would have to add $25,000 dollars a year to keep the club afloat. “Instead the club’s fund has grown to quite a considerable amount,” Young said. “Mr. Amrhein must be smiling down on these students.” Amrhein’s generous donation was precipitated by an earlier suggestion from Gehman, who headed Moravian’s Economics and Business Association. According to Gehman, the EBA was making a profit on the football programs it was selling each fall. The proceeds were being used to fund field trips for business and finance students. As the venture became more successful, Gehman suggested the establishment of a trust fund to be used by students as an investment learning experience. “That trust was never executed,” Gehman said. “Once Amrhein heard about it, he was glad to donate money to be invested in stock.” In those early years Gehman’s students, initially hesitant and cautious, researched and discussed their options. Once a vote had been taken and Gehman gave his final mark of approval, the transaction was carried out.