Philip J. Peters, 78, stockbroker, veteran


Philip J. Peters, a retired stockbroker and history buff, died of respiratory failure Wednesday at Greater Baltimore Medical Center. He was 78.

Born in Baltimore in 1928, Mr. Peters spent some of his boyhood in Petersburg, Va. He graduated from Polytechnic Institute in 1946 and the University of Maryland, College Park in 1951. He played lacrosse and met his future wife, the former Mary Elizabeth Herr, at the University of Maryland.

A member of the Army ROTC, Mr. Peters was stationed after graduation at Indiantown Gap, Pa., and Fort Benning, Ga. He was deployed to Fort Meade in 1952, according to his family.

He was in the Army Reserve until 1957, when his wife said he was honorably discharged.

Mr. Peters worked in sales for Black & Decker and then as a sales representative for Acme Steel. In 1959, he moved to New Haven, Conn., and took a job at Wood Struthers & Winthrop - a position that required that he commute to Wall Street, where he trained to be a stockbroker.

"It was an awfully long day, but he persevered because he always wanted to do it," said his wife.

While in Connecticut, he successfully ran for local office as a Republican and served on the North Branford Board of Finance.

The family moved back to Baltimore when Mr. Peters took a job with what was then John C. Legg Co. in 1968. Seven years later he joined Kidder, Peabody & Co. and then spent the last five years of his career at UBS Paine Webber.

"He always took pride in the fact that when he came up with an investment plan for his clients, it was a good, smart way to invest and grow their money long term," said his son, Geoffrey A. Peters of Charlotte, N.C. "He grew up in the Depression. With that in mind, he wanted to make sure that he gave people the opportunity to grow their money in a safe environment rather than a risky environment."

Mrs. Peters said her husband loved to read about history and focused on the Civil War, and World Wars I and II. The couple made frequent trips to Europe. Mrs. Peters recalled visiting the beaches of Normandy.

"He just wanted to see all of these cultures," she said.

A funeral service will be held at 10 a.m. tomorrow at St. Stephen's Traditional Episcopal Church, 11856 Mays Chapel Road, Timonium.

In addition to his wife and son, he is survived by a daughter, Susanna P. Senft of Baltimore; a sister, Mary Jane NcNulty of Ocean City; one grandson; and two granddaughters.

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