Joseph Walker Barr (January 17, 1918 – February 23, 1996) was an American businessman and politician from

Indiana Indiana () is a U.S. state in the Midwestern United States. It is the 38th-largest by area and the 17th-most populous of the 50 States. Its capital and largest city is Indianapolis. Indiana was admitted to the United States as the 19th s ...

. He served one term in the

United States House of Representatives The United States House of Representatives, often referred to as the House of Representatives, the U.S. House, or simply the House, is the lower chamber of the United States Congress, with the Senate being the upper chamber. Together they ...

. He was also the

United States Secretary of the Treasury The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal a ...

from December 21, 1968 until January 20, 1969, in

President President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university * President (government title) President may also refer to: Automobiles * Nissan President, a 1966–2010 Japanese ...

Lyndon B. Johnson Lyndon Baines Johnson (; August 27, 1908January 22, 1973), often referred to by his initials LBJ, was an American politician who served as the 36th president of the United States from 1963 to 1969. He had previously served as the 37th vice ...

's cabinet. He was a member of the

Democratic Party Democratic Party most often refers to: *Democratic Party (United States) Democratic Party and similar terms may also refer to: Active parties Africa *Botswana Democratic Party *Democratic Party of Equatorial Guinea *Gabonese Democratic Party *Demo ...

Early life and career

Barr was born in

Vincennes, Indiana Vincennes is a city in and the county seat of Knox County, Indiana, United States. It is located on the lower Wabash River in the southwestern part of the state, nearly halfway between Evansville and Terre Haute. Founded in 1732 by French fur ...

, on January 17, 1918, the son of Oscar Lynn Barr and Stella Florence Walker. He graduated from

DePauw University DePauw University is a private liberal arts university in Greencastle, Indiana. It has an enrollment of 1,972 students. The school has a Methodist heritage and was originally known as Indiana Asbury University. DePauw is a member of both the ...

, and married the former Beth Ann Williston in Indianapolis on September 3, 1939; they had five children: Bonnie Barr Gilliom, Cherry Ann Barr, Joseph Williston Barr, Elizabeth Eugenia Barr LoSasso and Lynn Hamilton Barr Fineberg. He was a member of the

Phi Kappa Psi Phi Kappa Psi (), commonly known as Phi Psi, is an American collegiate social fraternity that was founded by William Henry Letterman and Charles Page Thomas Moore in Widow Letterman's home on the campus of Jefferson College in Canonsburg, Pen ...

fraternity and earned a

master's degree A master's degree (from Latin ) is an academic degree awarded by universities or colleges upon completion of a course of study demonstrating mastery or a high-order overview of a specific field of study or area of professional practice.

economics Economics () is the social science that studies the production, distribution, and consumption of goods and services. Economics focuses on the behaviour and interactions of economic agents and how economies work. Microeconomics analyzes ...

from

Harvard University Harvard University is a private Ivy League research university in Cambridge, Massachusetts. Founded in 1636 as Harvard College and named for its first benefactor, the Puritan clergyman John Harvard, it is the oldest institution of high ...

Cambridge, Massachusetts Cambridge ( ) is a city in Middlesex County, Massachusetts, United States. As part of the Boston metropolitan area, the cities population of the 2020 U.S. census was 118,403, making it the fourth most populous city in the state, behind Boston ...

, in 1941. He served in the

United States Navy The United States Navy (USN) is the maritime service branch of the United States Armed Forces and one of the eight uniformed services of the United States. It is the largest and most powerful navy in the world, with the estimated tonnage ...

from 1942 to 1945, during

World War II World War II or the Second World War, often abbreviated as WWII or WW2, was a world war that lasted from 1939 to 1945. It involved the vast majority of the world's countries—including all of the great powers—forming two opposing ...

, with subchaser duty in the

Mediterranean Sea The Mediterranean Sea is a sea connected to the Atlantic Ocean, surrounded by the Mediterranean Basin and almost completely enclosed by land: on the north by Western and Southern Europe and Anatolia, on the south by North Africa, and on the ...

and

Atlantic Ocean The Atlantic Ocean is the second-largest of the world's five oceans, with an area of about . It covers approximately 20% of Earth's surface and about 29% of its water surface area. It is known to separate the " Old World" of Africa, Europe ...

. He received a

Bronze Star The Bronze Star Medal (BSM) is a United States Armed Forces decoration awarded to members of the United States Armed Forces for either heroic achievement, heroic service, meritorious achievement, or meritorious service in a combat zone. Wh ...

for sinking a submarine off Anzio Beach. After Barr returned from the war, he engaged in the operation of grain elevators,

theater Theatre or theater is a collaborative form of performing art that uses live performers, usually actors or actresses, to present the experience of a real or imagined event before a live audience in a specific place, often a stage. The perform ...

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

and publishing businesses.

Political career

1958 Events January * January 1 – The European Economic Community (EEC) comes into being. * January 3 – The West Indies Federation is formed. * January 4 ** Edmund Hillary's Commonwealth Trans-Antarctic Expedition completes the third ...

, he defeated Charles B. Brownson for a seat in Congress from Indiana's 11th congressional district, a Republican stronghold. He was aided by Democratic gains that increased the party's majority from 35 to 129 seats. During his time in the House, he became friends with then-Senator John F. Kennedy. He served only one term before being defeated for re-election in 1960. After his electoral defeat, President Kennedy appointed him as the Assistant to the Secretary of the Treasury for Congressional Relations. In 1963, he was appointed Chairman of the

Federal Deposit Insurance Corporation The Federal Deposit Insurance Corporation (FDIC) is one of two agencies that supply deposit insurance to depositors in American depository institutions, the other being the National Credit Union Administration, which regulates and insures cr ...

. Barr served as the Undersecretary of the Treasury from 1965 to 1968, during the administration of President

. When

Henry H. Fowler Henry Hammill Fowler (September 5, 1908 January 3, 2000) was an American lawyer and politician. He served as the United States Secretary of the Treasury under President Lyndon B. Johnson. Early life and career Fowler was born in Roanoke, Virgi ...

resigned in December 1968, Johnson named Barr as the

Secretary of the Treasury The United States secretary of the treasury is the head of the United States Department of the Treasury, and is the chief financial officer of the federal government of the United States. The secretary of the treasury serves as the principal a ...

with a

recess appointment In the United States, a recess appointment is an appointment by the president of a federal official when the U.S. Senate is in recess. Under the U.S. Constitution's Appointments Clause, the President is empowered to nominate, and with the a ...

, effective for the remainder of Johnson's term in office. His 28 days in the position was the shortest term of any Treasury Secretary. Given his short period in office, his signature appears only on the one-dollar bill.

Later years

After leaving office, he was named as the vice chairman of American Security and Trust Company. He then served as the president and the chairman from 1969 to 1974 and the chairman of

Federal Home Loan Bank The Federal Home Loan Banks (FHLBanks, or FHLBank System) are 11 U.S. government-sponsored banks that provide liquidity to the members of financial institutions to support housing finance and community investment. Overview The FHLBank System was ...

Atlanta, Georgia Atlanta ( ) is the capital and most populous city of the U.S. state of Georgia. It is the seat of Fulton County, the most populous county in Georgia, but its territory falls in both Fulton and DeKalb counties. With a population of 498,7 ...

from 1977 to 1981. Barr died of a

heart attack A myocardial infarction (MI), commonly known as a heart attack, occurs when blood flow decreases or stops to the coronary artery of the heart, causing damage to the heart muscle. The most common symptom is chest pain or discomfort which ma ...

Playa del Carmen Playa del Carmen, known colloquially as 'Playa', is a resort city located along the Caribbean Sea in the state of Quintana Roo, Mexico. It is part of the municipality of Solidaridad. As of 2020, the city's population was just over 300,000 peopl ...

Mexico Mexico (Spanish: México), officially the United Mexican States, is a country in the southern portion of North America. It is bordered to the north by the United States; to the south and west by the Pacific Ocean; to the southeast by Guatema ...

, and was interred in Leeds Episcopal Church Cemetery in

Hume, Virginia Hume is an unincorporated community in Fauquier County, Virginia. Hume is five miles south of Interstate 66's Exit 18 and is named for the local Hume family. It runs along Virginia State Route 688. It is east of the Rappahannock County line. The ...

References

External links

*
US Treasury - Biography of Secretary Joseph W. BarrDecember 16, 1981 speech at DePauw University1959 TV News segment
* {{DEFAULTSORT:Barr, Joseph W. 1918 births 1996 deaths 20th-century American politicians United States Navy personnel of World War II DePauw University alumni Harvard Graduate School of Arts and Sciences alumni People from Knox County, Indiana United States Secretaries of the Treasury Lyndon B. Johnson administration cabinet members Democratic Party members of the United States House of Representatives from Indiana Chairs of the Federal Deposit Insurance Corporation