Newton Steers

Newton Ivan Steers Jr. (January 13, 1917 – February 11, 1993), was a U.S. Congressman who represented Maryland's 8th congressional district from January 3, 1977, to January 3, 1979. Early life Newton Ivan Steers Jr. was born on January 13, 1917, in Glen Ridge, New Jersey, to Newton Steers Sr. and Claire L. Steers. His father was president of the DuPont Film Manufacturing Corporation for seventeen years. Steers was the youngest of five children born to his parents: Helen Steers, who married George Van Trump Burgess, Charlotte Steers, who married Paul Van Winkle, Mrs. W. Breckinridge De Riemer, and Margaret Steers, who married L. H. Brague Jr. Steers attended the White Plains, New York, public schools. He graduated from the Hotchkiss School in Lakeville, Connecticut, in 1935, and received a B.A. from Yale University in 1939. He obtained a Certificate of Advanced Meteorology from the Massachusetts Institute of Technology in 1943, and his J.D. degree from the Yale Law School in 1948. Career Steers was admitted to the New York bar (1958), and later to the District of Columbia bar (1967), and worked with the DuPont company from 1939 to 1941. During World War II, he served in United States Army Air Corps from 1941 to 1946. After the war, he worked with GAF Corp. from 1948 to 1951, and the United States Atomic Energy Commission from 1951 to 1953. He also became president of several investment companies in New York from 1953 through 1965. Steers was said to have made his fortune during the 1950s through investing in mutual funds, forming the Atomic Development Mutual Fund in 1953 with a group of friends. The fund specialized in "securities of companies participating in activities resulting from the natural sciences."