[Congressional Record Volume 150, Number 40 (Friday, March 26, 2004)]
[Extensions of Remarks]
[Pages E451-E452]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




                     TRIBUTE TO JACKSON T. STEPHENS

                                 ______
                                 

                           HON. MARION BERRY

                              of arkansas

                    in the house of representatives

                        Thursday, March 25, 2004

  Mr. BERRY. Mr. Speaker, I rise today to pay tribute to a great 
Arkansan, an outstanding citizen, a graduate of the U.S. Naval Academy 
and an accomplished businessman; I am proud to recognize Jackson T. 
Stephens in the Congress.
  Mr. Stephens, known as Jack to his many friends, created one of the 
most successful corporate finance practices in the country based on the 
principles his father passed down to him. At a young age, Mr. Stephens 
learned in order to do well, ``we must share opportunities for making 
money with other people.'' And as his firm grew, so did the hopes, 
dreams and nest-eggs of many Americans. Today, Stephens Inc. has become 
one of the Nation's largest investment banking firms.
  While many investors focus strictly on making money for their 
clients, Mr. Stephens focused on earning their trust--and repaying

[[Page E452]]

those who have helped him with incomparable altruism.
  Stephens graduated from the Naval Academy in 1947 and has continued 
to make a major impact on the Naval Academy community and in Annapolis. 
Mr. Stephens has contributed $10 million, the largest single donation 
in service academy history, toward the $175 million Naval Academy 
Foundation's Campaign: Leaders to Serve the Nation.
  He has held positions on the board of directors of several major 
corporations, including the Missouri Pacific Railroad, Burlington 
Northern, Inc., Wal-Mart Stores, Inc., and Dillards, Inc. In 1989, Jack 
was awarded the first J. William Fulbright Award for International 
Trade Development. He received a Distinguished Alumnus Citation in 1965 
and was awarded an honorary Doctor of Law Degree from the University of 
Arkansas in 1985. In 1999, Stephens was inducted into the Arkansas 
Business Hall of Fame.
  Mr. Stephens' business acumen is only bettered by his generosity. He 
is a man who serves as an example of hard work, the success resulting 
from it and the appropriate way to thank the community from which you 
came. On behalf of the Congress, I extend my deepest regards for his 
efforts and gratitude for all he has done to make the world a better 
place.

                          ____________________