Homer Pace
Encyclopedia
Homer St. Clair Pace was an American
business educator
and innovator in the field of accountancy
who, along with his brother Charles Ashford Pace, founded Pace University
in New York.
, Ohio
, Homer Pace first worked as an assistant to his father, John Fremont Pace, a Civil War
veteran, in editing and publishing a weekly newspaper. He left journalism following his father's death in 1896.
, Texas
and Minnesota
, he secured a position with the Chicago Great Western Railroad. In January 1901, he was transferred to New York
to serve as manager of the New York City office and, in 1902, became the Secretary of the Mason City and Fort Dodge Railroad, an affiliated line. In 1904 he passed the New York State C.P.A.
examination.
and business law in a number of cities throughout the United States
. The Pace Standardized Course could also be taken by correspondence. One of these schools, the Pace Institute of Accountancy in New York City, was chartered as Pace Institute in 1935. Homer Pace served as the president of the New York State Society of CPAs from 1924 to 1926. In 1918-19 he was Acting Deputy Commissioner of the Internal Revenue Service
.
The Pace brothers prepared their own curriculum and also developed a series of lectures on the theory and practice of accounting and business law. These evolved into written textbooks used by all Pace students. The Institute he founded along with his brother Charles became Pace College in 1948 and Pace University in 1973.
of Greater New York Hall of Fame featured a selection of the important people in the organization's history, which included original photographs of Charles and Homer Pace, among others.
In 2004, The New York State Society of Certified Public Accountants inducted Homer Pace into its Hall of Fame.
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
business educator
Business education
Business education involves teaching students the fundamentals, theories, and processes of business. Education in this field occurs at several levels, including secondary education and higher education or university education. Approximately 38% of student enroll in one or more business courses...
and innovator in the field of accountancy
Accountancy
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...
who, along with his brother Charles Ashford Pace, founded Pace University
Pace University
Pace University is an American private, co-educational, and comprehensive multi-campus university in the New York metropolitan area with campuses in New York City and Westchester County, New York.-Programs:...
in New York.
Youth and early career
A native of RehobothRehoboth, Ohio
Rehoboth is an unincorporated community in southern Clayton Township, Perry County, Ohio, United States. Rehoboth is located along State Route 345 a short distance north of the county seat of New Lexington, and its ZIP code of 43764 is New Lexington's ZIP code.-External links:*...
, Ohio
Ohio
Ohio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
, Homer Pace first worked as an assistant to his father, John Fremont Pace, a Civil War
American Civil War
The American Civil War was a civil war fought in the United States of America. In response to the election of Abraham Lincoln as President of the United States, 11 southern slave states declared their secession from the United States and formed the Confederate States of America ; the other 25...
veteran, in editing and publishing a weekly newspaper. He left journalism following his father's death in 1896.
Railroad
After working as a secretary and bookkeeper in MichiganMichigan
Michigan is a U.S. state located in the Great Lakes Region of the United States of America. The name Michigan is the French form of the Ojibwa word mishigamaa, meaning "large water" or "large lake"....
, Texas
Texas
Texas is the second largest U.S. state by both area and population, and the largest state by area in the contiguous United States.The name, based on the Caddo word "Tejas" meaning "friends" or "allies", was applied by the Spanish to the Caddo themselves and to the region of their settlement in...
and Minnesota
Minnesota
Minnesota is a U.S. state located in the Midwestern United States. The twelfth largest state of the U.S., it is the twenty-first most populous, with 5.3 million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state...
, he secured a position with the Chicago Great Western Railroad. In January 1901, he was transferred to New York
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
to serve as manager of the New York City office and, in 1902, became the Secretary of the Mason City and Fort Dodge Railroad, an affiliated line. In 1904 he passed the New York State C.P.A.
Certified Public Accountant
Certified Public Accountant is the statutory title of qualified accountants in the United States who have passed the Uniform Certified Public Accountant Examination and have met additional state education and experience requirements for certification as a CPA...
examination.
Educational career
In 1906, Homer Pace left the railroad to begin a business of his own. Together with his brother Charles, an attorney, he established the partnership of Pace & Pace for the purpose of preparing candidates for the New York State C.P.A. examination. In its early years, the Pace & Pace partnership ran schools that featured courses in accountancyAccountancy
Accountancy is the process of communicating financial information about a business entity to users such as shareholders and managers. The communication is generally in the form of financial statements that show in money terms the economic resources under the control of management; the art lies in...
and business law in a number of cities throughout the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
. The Pace Standardized Course could also be taken by correspondence. One of these schools, the Pace Institute of Accountancy in New York City, was chartered as Pace Institute in 1935. Homer Pace served as the president of the New York State Society of CPAs from 1924 to 1926. In 1918-19 he was Acting Deputy Commissioner of the Internal Revenue Service
Internal Revenue Service
The Internal Revenue Service is the revenue service of the United States federal government. The agency is a bureau of the Department of the Treasury, and is under the immediate direction of the Commissioner of Internal Revenue...
.
The Pace brothers prepared their own curriculum and also developed a series of lectures on the theory and practice of accounting and business law. These evolved into written textbooks used by all Pace students. The Institute he founded along with his brother Charles became Pace College in 1948 and Pace University in 1973.
Death
Charles Ashford Pace died in 1940, and two years later Homer Pace, who continued to serve as the first president of Pace Institute, was fatally stricken with cerebral hemorrhage while working at his office in the Institute. He was five weeks past his 63rd birthday. During his lifetime, he always emphasized that he was, first and foremost, a teacher and an educator. That was how he chose to be remembered: on his gravestone is carved the epitaph he wrote for himself, “Homer St. Clair Pace, Teacher”.Legacy
In 2002, The YMCAYMCA
The Young Men's Christian Association is a worldwide organization of more than 45 million members from 125 national federations affiliated through the World Alliance of YMCAs...
of Greater New York Hall of Fame featured a selection of the important people in the organization's history, which included original photographs of Charles and Homer Pace, among others.
In 2004, The New York State Society of Certified Public Accountants inducted Homer Pace into its Hall of Fame.