Henry H. Fowler
|Henry H. Fowler|
|58th United States Secretary of the Treasury|
April 1, 1965 – December 20, 1968
|President||Lyndon B. Johnson|
|Preceded by||Douglas Dillon|
|Succeeded by||Joseph W. Barr|
|Born||Henry Hammill Fowler
September 5, 1908
Roanoke, Virginia, United States
|Died||January 3, 2000
Alexandria, Virginia, United States
|Resting place||Old Christ Church Cemetery, Falls Church, Virginia, United States|
|Spouse(s)||Trudye Pamela Hathcote|
|Children||Henry Hamill Fowler, Jr.
Marianne Fowler Smith
|Parents||Mack Johnson Fowler
Bertha Browning Fowler
|Residence||Falls Church, Virginia|
|Alma mater||Roanoke College
Early life and career
He worked briefly at Covington & Burling in Washington, D.C., then joined the legal staff of the Tennessee Valley Authority (TVA) in 1934. There he assisted in the preparation and successful conduct of the four-year litigation establishing the constitutionality of that program. By 1939, he had risen to Assistant General Counsel of the TVA and subsequently served as chief counsel of a subcommittee of the U.S. Senate Committee on Education and Labor.
Family and personal life
Fowler married Trudye Pamela Hathcote on October 19, 1938. They we're couple had one son and two daughters:
- Henry Hamill Fowler, Jr.
- Marianne Fowler Smith
- Susan Fowler-Gallagher
Fowler and his family sponsored a public policy program at Roanoke.
From 1941 to 1944, he was an assistant general counsel of the Office of Production Management and afterward of the War Production Board. He then served in the United Kingdom and Germany in 1944 and 1945. He then returned to private practice and then in 1951 rejoined the government to work on the mobilization of troops during the Korean War. During this period he was an administrator of the National Production Authority, administrator of the Defense Production Administration, Director of the Office of Defense Mobilization and member of the National Security Council.
Fowler served as a member of the Commission on Money and Credit from 1958 to 1961, and of the National Committee on Government Finance of the Brookings Institution from 1960 to 1961. He was a Trustee of Roanoke College and of the Funds in the Episcopal Diocese of Virginia.
He served as Under Secretary of the Treasury from February 3, 1961, until April 10, 1964. He spent most of his time at Treasury working on passage of the administration's tax program, which included an $11.5 billion tax cut. He then he returned to private law practice as senior member of the Washington firm of Fowler, Leva, Hawes and Symington. When C. Douglas Dillon resigned and served as Secretary of the Treasury from April 1, 1965 to December 20, 1968, Fowler was known for his loyalty to Johnson throughout the administration's ups and downs. He was described as having "a ruddy face, southern charm and a conservative outlook".
The major problems facing Fowler were inflation and the balance of payments deficit. In August 1967, Fowler began the fight for a 10 percent tax surcharge and saw the proposal passed by a House-Senate conference in June 1968. In the debate over the balance of payments deficit, Fowler was a proponent of the "go-slow" approach. Fowler organized a two-tier system for gold in 1968, and participated in the 1967-68 international agreements, which created a new international monetary reserve system called "special drawing rights." He proposed (1967) a seminar (taken up by then Chancellor of the Exchequer James Callaghan) of financial officials from rich countries, the forerunner of the Group of Five, . He also ended silver coinage in the United States.
He died of pneumonia in Alexandria, Virginia on January 3, 2000 at the age of ninety-one. He was buried in Old Christ Church Cemetery at the Falls Church, Virginia. Prior to his death, Fowler was survived to members of Johnson cabinet.
- Johnson, Niel M. (June 20, 1989). "Henry H. Fowler Oral History Interview". Henry H. Fowler Oral History Interview. Truman Library. Retrieved 2008-11-29.
- Hershey, Robert D. Jr. (January 05, 2000). "Henry Fowler Is Dead at 91; Former Treasury Secretary". New York Times. Retrieved 2012-04-12.
- "Henry H. Fowler Biography". Roanoke College. Retrieved 2012-04-15.
- "Henry H. Fowler". Roanoke College. Retrieved 2012-04-15.
- "Lyndon Baines Johnson Front Page - Henry H. Fowler (1965–1968): Secretary of the Treasury". American President: A Reference Resource. Charlottesville, Virginia: Miller Center of Public Affairs. Retrieved 2012-04-15.
- "Man in the News: Henry H. Fowler". The Telegraph (Nashua, New Hampshire). New York Times News Service. March 29, 1965. p. 7. Retrieved 2012-04-15.
- "FOWLER, TRUDYE HATHCOTE". The New York Times. January 27, 2008. Retrieved 2012-04-15.
- TIME Magazine Cover: Henry H. Fowler, Sept. 10, 1965
- Roanoke College: Henry H. Fowler Public Policy Program
- A film clip "Longines Chronoscope with Henry H. Fowler (August 11, 1952)" is available for free download at the Internet Archive [more]
C. Douglas Dillon
|U.S. Secretary of the Treasury
Served under: Lyndon B. Johnson
Joseph W. Barr