Monday, May. 15, 1933
Treasury Stapled
Treasury Staffed
During his first two months in office Secretary of the Treasury Woodin went through the banking crisis, the gold embargo and the inflation excitement with the help of able Republicans left behind by Herbert Hoover. At his right hand was Arthur Atwood Ballantine as Undersecretary and at his left James Henderson Douglas as Assistant Secretary. Francis Gloyd Await acted temporarily as Comptroller of the Currency. David Burnet continues as Commissioner of Internal Revenue and Walter Orr Woods as Treasurer of the U. S. Governor Eugene Meyer of the Federal Reserve Board lay low until his successor could be found.
Last week President Roosevelt dealt Secretary Woodin a new batch of assistants, good Democrats all.
To the key post of Undersecretary was appointed Dean Gooderham Acheson, 41, native of Connecticut, resident of Maryland, lawyer of Washington. Secretary Woodin did not meet the man who was to be his chief fiscal adviser until after the appointment was made. Largely responsible for Mr. Acheson's selection was his good young friend. Director of the Budget Lewis Williams Douglas, whose word has impact at the White House. Long familiarity with intricate tax cases comprised the new Undersecretary's principal qualification for his job.
Son of the Episcopal Bishop of Connecticut, Dean Acheson went to Yale ('Class of 1913). When Harvard Law School graduated him with honors. Supreme Court Justice Brandeis snapped him up as his secretary for a year, kept him for two. Then Lawyer Acheson joined the highly respectable Washington firm of Covington, Burling & Rublee. He represented Norway before The Hague tribunal in a case involving the Wartime seizure of ships. He handled Arizona's unsuccessful fight against Boulder (Hoover) Dam. In Sandy Spring, Md. he has a 100-acre farm where he rides horseback, votes, sports with his two young daughters and son. He has another home in Georgetown where he modernized an old red-brick house. His wife Alice Stanley Acheson who paints portraits is noted for her good looks. In Bermuda lives his brother Edward Campion Acheson Jr. who writes novels (Password to Paris, Red Herring). Handsome, blue-eyed, curly-haired Undersecretary Acheson, as a liberal young Democrat, is expected to offset the elderly conservatism of his Treasury chief. Other Treasury appointments: Comptroller of the Currency--James Frances Thaddeus ("Jefty") O'Connor, 46, onetime Los Angeles law partner of Senator McAdoo. a quiet, round-faced bachelor who managed the Roosevelt primary campaign in California last year. Senators, including California's McAdoo, grumbled at his appointment because he is no banking expert. Treasurer of the U. S.--William Alexander Julian, 68, onetime Kentucky boy who grew rich in Cincinnati making shoes, became Ohio's Democratic National Committeeman. His was the first big appointment of a man who had not supported the Roosevelt candidacy before the Chicago convention. Treasurer Julian will pay the Government's bills, have his signature on all $1 bills. Commissioner of Internal Revenue-- Guy Tresillian Helvering, 55, Kansas politician, after a long patronage squabble between Postmaster General Farley and Senator McGill. The Helvering appointment paved the way for naming Democratic Collectors of Internal Revenue throughout the U. S. President Roosevelt had yet to find another Eugene Meyer to head the Federal Reserve System.
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