Henry H. Fowler
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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 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 ...
under
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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 ...
.


Early life and career

Fowler was born in
Roanoke, Virginia Roanoke ( ) is an independent city in the U.S. state of Virginia. At the 2020 census, the population was 100,011, making it the 8th most populous city in the Commonwealth of Virginia and the largest city in Virginia west of Richmond. It is lo ...
, on September 5, 1908. He was the son of Mack Johnson Fowler, a locomotive engineer, and his wife, the former Bertha (''née'' Browning). Henry Fowler graduated from Jefferson High School in 1925 and went on to graduate from
Roanoke College Roanoke College is a private liberal arts college in Salem, Virginia. It has approximately 2,000 students who represent approximately 40 states and 30 countries. The college offers 35 majors, 57 minors and concentrations, and pre-professional pr ...
in 1929, where he joined
Pi Kappa Phi Pi Kappa Phi (), commonly known as Pi Kapp(s), is an American Greek Letter secret and social fraternity. It was founded by Andrew Alexander Kroeg Jr., Lawrence Harry Mixson, and Simon Fogarty Jr. on December 10, 1904 at the College of Charleston ...
, played many sports, and edited the college newspaper. He received his law degree from
Yale Law School Yale Law School (Yale Law or YLS) is the law school of Yale University, a Private university, private research university in New Haven, Connecticut. It was established in 1824 and has been ranked as the best law school in the United States by ''U ...
in 1932. He worked briefly at
Covington & Burling Covington & Burling LLP is an American multinational law firm. Headquartered in Washington, D.C., the firm advises clients on transactional, litigation, regulatory, and public policy matters. In 2021, Vault.com ranked Covington & Burling as th ...
in Washington, D.C., then joined the legal staff of the
Tennessee Valley Authority The Tennessee Valley Authority (TVA) is a federally owned electric utility corporation in the United States. TVA's service area covers all of Tennessee, portions of Alabama, Mississippi, and Kentucky, and small areas of Georgia, North Carolina ...
(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. On October 19, 1938, Fowler married Trudye Pamela Hathcote (1910–2008). They had one son and two daughters: Henry Hammill, Jr., Marianne Fowler Smith and Susan Fowler-Gallagher. Fowler and his family sponsored a public policy program at Roanoke College that has brought guests such as
Sandra Day O'Connor Sandra Day O'Connor (born March 26, 1930) is an American retired attorney and politician who served as the first female associate justice of the Supreme Court of the United States from 1981 to 2006. She was both the first woman nominated and th ...
to speak to College students and members of the community.


Wartime role

From 1941 to 1944, he was an assistant general counsel of the
Office of Production Management The Office of Production Management was a United States Government agency that existed from January 1941 to centralize direction of the federal procurement programs and quasi-war production during the period immediately proceeding the United State ...
and afterward of the
War Production Board The War Production Board (WPB) was an agency of the United States government that supervised war production during World War II. President Franklin D. Roosevelt established it in January 1942, with Executive Order 9024. The WPB replaced the Sup ...
. He then served in the
United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
and
Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwe ...
in 1944 and 1945. He returned to private practice and in 1951 rejoined the government to work on the mobilization of troops during the
Korean War , date = {{Ubl, 25 June 1950 – 27 July 1953 (''de facto'')({{Age in years, months, weeks and days, month1=6, day1=25, year1=1950, month2=7, day2=27, year2=1953), 25 June 1950 – present (''de jure'')({{Age in years, months, weeks a ...
. 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 A national security council (NSC) is usually an executive branch governmental body responsible for coordinating policy on national security issues and advising chief executives on matters related to national security. An NSC is often headed by a na ...
.


Post-war career

With the onset of the
Eisenhower Dwight David "Ike" Eisenhower (born David Dwight Eisenhower; ; October 14, 1890 – March 28, 1969) was an American military officer and statesman who served as the 34th president of the United States from 1953 to 1961. During World War II, ...
administration, Fowler returned to his private law practice and served on the Democratic Advisory Council, which helped outline party positions on many issues. 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 The Brookings Institution, often stylized as simply Brookings, is an American research group founded in 1916. Located on Think Tank Row in Washington, D.C., the organization conducts research and education in the social sciences, primarily in ec ...
from 1960 to 1961. He was a Trustee of Roanoke College and of the Funds in the
Episcopal Diocese of Virginia The Diocese of Virginia is the largest diocese of the Episcopal Church in the United States of America, encompassing 38 counties in the northern and central parts of the state of Virginia. The diocese was organized in 1785 and is one of the Episco ...
. He was served as the Under Secretary of the Treasury, from February 3, 1961, until April 10, 1964. He spent was the 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 Clarence Douglas Dillon (born Clarence Douglass Dillon; August 21, 1909January 10, 2003) was an American diplomat and politician, who served as U.S. Ambassador to France (1953–1957) and as the 57th Secretary of the Treasury (1961–1965). He w ...
resigned, Fowler served as
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 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 Special drawing rights (SDRs, code ) are supplementary foreign exchange reserve assets defined and maintained by the International Monetary Fund (IMF). SDRs are units of account for the IMF, and not a currency ''per se''. They represent a claim ...
". He proposed (1967) a seminar (taken up by then
Chancellor of the Exchequer The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of His Majesty's Treasury. As one of the four Great Offices of State, the Chancellor is ...
James Callaghan Leonard James Callaghan, Baron Callaghan of Cardiff, ( ; 27 March 191226 March 2005), commonly known as Jim Callaghan, was Prime Minister of the United Kingdom from 1976 to 1979 and Leader of the Labour Party from 1976 to 1980. Callaghan is ...
) of financial officials from rich countries, the forerunner of the
Group of Five The Group of Five (G5) encompasses five nations which have joined together for an active role in the rapidly evolving international order. Individually and as a group, the G5 nations work to promote dialogue and understanding between developing ...
. He also ended silver coinage in the United States. After leaving the Treasury Department, Fowler became a partner with
Goldman Sachs Goldman Sachs () is an American multinational investment bank and financial services company. Founded in 1869, Goldman Sachs is headquartered at 200 West Street in Lower Manhattan, with regional headquarters in London, Warsaw, Bangalore, H ...
in
New York City New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...
,
New York New York most commonly refers to: * New York City, the most populous city in the United States, located in the state of New York * New York (state), a state in the northeastern United States New York may also refer to: Film and television * '' ...
.


Death

Fowler died of pneumonia in
Alexandria, Virginia Alexandria is an independent city (United States), independent city in the northern region of the Commonwealth (U.S. state), Commonwealth of Virginia, United States. It lies on the western bank of the Potomac River approximately south of Downto ...
, on January 3, 2000. He was buried in Christ Church Cemetery in
Alexandria, Virginia Alexandria is an independent city (United States), independent city in the northern region of the Commonwealth (U.S. state), Commonwealth of Virginia, United States. It lies on the western bank of the Potomac River approximately south of Downto ...
. His wife died at age 97 on January 22, 2008, in her Alexandria home.


Notes


External links


''Time'' magazine cover: Henry H. Fowler, September 10, 1965


* *
A collection of works from Henry Fowler
, - {{DEFAULTSORT:Fowler, Henry H. 1908 births 2000 deaths 20th-century American politicians Burials at Old Christ Church Episcopal Cemetery (Alexandria, Virginia) Deaths from pneumonia in Virginia Employees of the United States Senate Goldman Sachs people Lyndon B. Johnson administration cabinet members Politicians from Roanoke, Virginia Roanoke College alumni Truman administration personnel United States National Security Council staffers United States Secretaries of the Treasury Yale Law School alumni