[Congressional Record (Bound Edition), Volume 158 (2012), Part 11]
[Senate]
[Pages 15885-15886]
[From the U.S. Government Publishing Office, www.gpo.gov]




                      REMEMBERING TINKHAM VEALE II

  Mr. PORTMAN. Mr. President, today I wish to honor the life of Tinkham 
``Tink'' Veale II. Mr. Veale was a successful entrepreneur and 
philanthropist who contributed greatly to the success of numerous 
businesses and community institutions throughout northeast Ohio and 
beyond during his long life. The impact and proud legacy of his 
business expertise and generosity will be realized for many years to 
come.
  Mr. Veale was born in 1914 in Topeka, KS and moved to the Cleveland 
area as a child when his father joined the Eaton Corporation. He 
attended Heights High School and Case Institute of Technology, 
graduating with a bachelor's degree in mechanical engineering. Mr. 
Veale worked for several companies including General Motors. In 1941 he 
married Harriett Ernst, of the Ernst and Young accounting family, who 
passed away in 1998. The couple had three children, seven grandchildren 
and eight great grandchildren.
  In the 1960s, Veale and his associates formed Alco Standard 
Corporation. Veale developed the philosophy and strategy he referred to 
as ``corporate partnership,'' through which his company acquired and 
financed small businesses while keeping their original management 
structures in place. His success grew from buying small companies and 
helping them to succeed through keeping their management in place while 
contributing with capital and strategic direction. Over the years, the 
company operated many businesses representing diverse industries 
including manufacturing, mining, and banking, as well as operating 
office equipment and paper distribution businesses. Veale served as 
Alco's president and chairman until 1971 and stayed on as chairman 
until 1986. By 1987, the company had 175 businesses with 16,000 
employees in the United States and Europe.

[[Page 15886]]

  Mr. Veale had a unique spirit and love of life. Over the years he was 
active in a variety of community organizations, served as a councilman 
in Gates Mills, OH, and was known for raising thoroughbred horses. 
Perhaps most significant, was his generous philanthropy which continues 
to benefit communities, students and institutions in Ohio. He was a 
notable supporter of his alma mater, Case Western Reserve University, 
where the most recent pledge of $20 million from The Veale Foundation 
is being utilized for construction of a new university center, which 
will be named in his honor.
  Tink Veale was a role model and a source of inspiration to us all. He 
will be greatly missed, and his extraordinary legacy and giving spirit 
will not be forgotten.

                          ____________________