[27] He unveiled Nixon's program of raising the price of gold and formally devaluing the dollar, known as the Nixon shock finally leaving the old gold standard entirely, a departure begun in 1934 by Franklin D. [2], President Eisenhower appointed him United States Ambassador to France in 1953. Resnikoff settled in New York City and began a career as a portrait painter, in association with Leo Fox. Janet Yellen - Wikipedia In 1966, Connally defended his views by saying: "In a sense it is a dirty business, but not corrupt. He served one term in the United States House of Representatives. Two of Connally's principal legal clients were the Texas oil tycoon Sid W. Richardson and Perry Bass, Richardson's nephew and partner, both of Fort Worth. John Connally's suit from JFK motorcade gets rare public display in Austin", Oral History Interviews with John Connally, from the Lyndon Baines Johnson Library, Photos of Jonn Connally from University of Houston Digital Library, United States Secretaries of the Treasury, Secretary of Health, Education, and Welfare, Secretary of Housing and Urban Development, Director of the Office of Management and Budget, https://en.wikipedia.org/w/index.php?title=John_Connally&oldid=1166258990, United States Navy personnel of World War II, Candidates in the 1980 United States presidential election, Witnesses to the assassination of John F. Kennedy, Short description is different from Wikidata, Articles with unsourced statements from March 2023, Articles with unsourced statements from February 2022, Wikipedia neutral point of view disputes from March 2023, All Wikipedia neutral point of view disputes, Creative Commons Attribution-ShareAlike License 4.0, Bergsten, C. Fred. Clarence Douglas Dillon (born Clarence Douglass Dillon; August 21, 1909 - January 10, 2003) was an American diplomat and politician, who served as U.S. Language links are at the top of the page across from the title. [citation needed] He was promoted to lieutenant colonel before being discharged in 1947. He defeated incumbent Senator Ralph Yarborough in the 1970 Democratic Senatorial primary and won the general election against George H. W. Bush. Some have claimed they only had a nodding acquaintance." He was the older brother of U.S. Attorney General and U.S. Reevaluating the governorship of John Connally, Rita Lynne Colbert John F. Kennedy's tenure as the 35th president of the United States, began with his inauguration on January 20, 1961, and ended with his assassination on November 22, 1963. Janet Yellen | U.S. Department of the Treasury [9], Kennedy also made use of Dillon's diplomatic skills. [30] He also fought a lonely battle against growing balance-of-payment problems with the nation's trading partners, and undertook important foreign diplomatic trips for Nixon through his role as Treasury Secretary. He was instrumental in convincing President Johnson, after Kennedy's death, to push the tax cut bill through the Senate, and it was passed by Congress with some alterations, in 1964. Although the idea fell through when Dwight Eisenhower retained Richard Nixon in the second slot, Anderson received a million dollars for his efforts and a subsequent appointment as U.S. Treasury Secretary. Priscilla Roberts. [3], At the 1960 Democratic convention in Los Angeles, Connally led supporters of Senator Lyndon Johnson. Former president Bill Clinton, who was a close friend, delivered a eulogy. Degree", "Lloyd Bentsen Dies at 85; Senator Ran With Dukakis", "Remarks Relative to the Death of Former Senator Lloyd Bentsen", "Galbraith Backs Bush (reprinted letter from August 1970)", "Buchanan Lets Conservatives 'Divorce' President Bush", "Vice President Dan Quayle Interview - Debating Our Destiny - Dec. 2, 1999 - PBS", "Lloyd Bentsen To Dan Quayle: "Senator, You Are No Jack Kennedy"; Texas Sen. Lloyd Bentsen delivered one of the most devastating slights ever", "Bentsen is Poised to Leave Cabinet Officials Confirm", "Houston church prepares for Bentsen memorial", "Senator Lloyd and B.A. Connally told Nixon that his taking the Treasury post would embarrass Bush, who had "labored in the vineyards" for Nixon's election as president, while Connally had supported Humphrey. Roosevelt. Other notable institutions named for him include a portion of Interstate 410 in San Antonio, the Connally Loop, and the John B. Connally Unit of the Texas Department of Criminal Justice in Karnes County. U.S. Department of the Treasury - Ballotpedia He signed into law the creation of the Texas Higher Education Coordinating Board. 13224, see the U.S. Department of the Treasury Specially Designated Nationals List (SDN) Then-President Bush signed Executive Order 13224 on September 23, 2001. [2], Dillon had been active in Republican politics since 1934. [32], Connally stepped down as Treasury Secretary in May 1972 to head "Democrats for Nixon", a Republican-funded campaign to promote Democratic support for Nixon in the 1972 presidential election. This folder contains material collected by the office of President John F. Kennedy's secretary, Evelyn Lincoln, concerning the Department of the Treasury. The $20 note includes an embedded security thread that glows green when illuminated by UV light. (When law schools accredited by the American Bar Association began requiring a bachelor's degree for admission to law school in the 1950s and 1960s, law schools began awarding the Juris Doctor degree rather than the LL.B. Bentsen participated in raids in support of the Anzio campaign and flew missions against targets in preparation for the landing in southern France. Connally said he wanted to be known as "the education Governor," and he will be, because spending for higher education rose 150 percent and for secondary education 100 percent. $20 Note | U.S. Currency Education Program In 1951 he organized the New Jersey effort to secure the 1952 Republican nomination for Dwight D. Eisenhower. Bentsen sought the 1976 Democratic presidential nomination but was unable to organize an effective national campaign. Independent (1), The secretary of the treasury is fifth in the presidential line of succession, following the secretary of state and preceding the secretary of defense.[1]. [citation needed], First elected in the Truman landslide of 1948, he served three successive terms in the United States House of Representatives. In the first state contest Bentsen vigorously contested, Mississippi, he managed only 1.6% of the vote. During a press conference, Connally was asked if he thought Reagan was the best man to be president. He served as president of Harvard Board of Overseers, chairman of the Brookings Institution, and vice chairman of the Council on Foreign Relations. Democratic-Republican (4) The Texas budget rose from $1.3 billion to $2.5 billion a year, almost doubling. He sought the Republican nomination for president in the 1980 election, but withdrew from the race after the first set of primaries. Since the office was created in 1789, 92 individuals, from 39 of the 50 states, have served as president pro tempore of the Senate. The secretary along with the treasurer of the United States must sign Federal Reserve notes before they can become legal tender. Users of these materials are advised to determine the copyright status of any document from which they wish to publish. Bentsen was born in Mission in Hidalgo County to Lloyd Millard Bentsen, Sr. (known as "Big Lloyd"), a first-generation Danish-American, and his wife, Edna Ruth (Colbath). Bentsen's unit also flew against communications centers, aircraft factories and industrial targets in Germany, Italy, Austria, Czechoslovakia, Hungary, Romania, and Bulgaria. [50][51] He purchased a $1 million apartment in Washington, D.C., from one of the Shah's sisters, reportedly due to higher political aspirations. Bentsen Center for Stroke Research", Biographical Directory of the United States Congress, Biography in the Handbook of Texas Online, Reuters: "Former Senator, Treasury chief Bentsen dies" May 23, 2006, Oral History Interview with Lloyd Bentsen, from the Lyndon Baines Johnson Library, Response to the State of the Union address, Unsuccessful major party candidates for Vice President of the United States, United States Senate Committee on Finance, Chairs of the Democratic Senatorial Campaign Committee, United States Secretaries of the Treasury, United States Senate Democratic Conference Secretary, Democratic Congressional Campaign Committee, Democratic Legislative Campaign Committee, National Democratic Redistricting Committee, Secretary of Housing and Urban Development, Administrator of the Environmental Protection Agency, Director of the Office of Management and Budget, Chair of the Council of Economic Advisers, Administrator of the Small Business Administration, Director of the Federal Emergency Management Agency, Director of the Office of National Drug Control Policy, Intermodal Surface Transportation Efficiency Act, Omnibus Budget Reconciliation Act of 1990, Cable Television Consumer Protection and Competition Act of 1992, Housing and Community Development Act of 1992, Residential Lead-Based Paint Hazard Reduction Act, Negotiations for the North American Free Trade Agreement, Bush School of Government and Public Service, What It Takes: The Way to the White House, George Bush: The Life of a Lone Star Yankee, The Family: The Real Story of the Bush Dynasty, https://en.wikipedia.org/w/index.php?title=Lloyd_Bentsen&oldid=1164364701, Democratic Party (United States) vice presidential nominees, Democratic Party members of the United States House of Representatives from Texas, Democratic Party United States senators from Texas, Recipients of the Distinguished Flying Cross (United States), United States Army Air Forces pilots of World War II, Candidates in the 1976 United States presidential election, 1988 United States vice-presidential candidates, Wikipedia indefinitely semi-protected pages, Articles lacking in-text citations from August 2020, Articles with unsourced statements from August 2020, Creative Commons Attribution-ShareAlike License 4.0, This page was last edited on 8 July 2023, at 23:43. [35] Addressing speculation that he was on a "secret peace mission", Nixon said that Connally was travelling privately but that he had asked him to have informal discussions with various world leaders. He served one term in the United States House of Representatives. He graduated from DePauw University, 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 subsequently graduated from the University of Texas School of Law and was admitted to the bar by examination. [11], Connally ran as a conservative Democrat. [11], .mw-parser-output .legend{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .legend-color{display:inline-block;min-width:1.25em;height:1.25em;line-height:1.25;margin:1px 0;text-align:center;border:1px solid black;background-color:transparent;color:black}.mw-parser-output .legend-text{}Federalist (4) The eventual nominee and president, Carter was later quoted as saying he had expected a much stronger showing by Bentsen but that Bentsen's failure to campaign nationally had ended his hopes. Commissioner, Wage and Investment Division. Biographer Charles Ashman called Connally a "total professional" when it came to campaigning. He was a member of the New York Stock Exchange from 1931 to 1936 prior to becoming director and eventual president of the U.S. and Foreign Securities Corporation. Bentsen retired in December 1994 and was succeeded by Robert Rubin. Secretary Dillon devoted himself to alleviating the intractable trade deficit by controlling inflation and encouraging exports. In 1949 she married British entertainer Jack Buchanan (1891-1957). [52], In 1981, Connally was alleged to be aware of Operation Red Dog, a plot by white supremacists to overthrow the government of Dominica, by Michael Perdue. He worked for John Foster Dulles in Thomas E. Dewey's 1948 presidential campaign. He would have to compete against the incumbent Marion Price Daniel, Sr., who was running for a fourth consecutive two-year term. John F. Kennedy; C. Douglas Dillon (1961-1963) Clarence Douglas Dillon was born in Geneva, Switzerland, on April 21, 1909, and was educated at the Groton School and Harvard University. [49], After withdrawing, Connally endorsed Reagan and appeared with the former governor at the Dallas-Fort Worth Airport, fundraisers and other campaign events. Columbia Point Boston MA 02125 (617) 514-1600. This folder contains material collected by the office of President John F. Kennedy's secretary, Evelyn Lincoln, concerning the Department of the Treasury. In the 1972 U.S. Senate election in Texas, Connally endorsed Democrat Harold Barefoot Sanders, later a federal judge from Dallas, rather than the Republican incumbent John Tower, also of Dallas. Secretary Yellen would serve as Chair of the Federal Reserve from 2014 until 2018. Though Dukakis hoped that the selection of Bentsen would help the Democratic ticket win Texas, the Republican ticket won the state and prevailed by a wide margin in the nationwide electoral and popular vote. The campaign came in the wake of Yarborough's politically hazardous votes in favor of the landmark Civil Rights Act of 1964 and the Voting Rights Act of 1965 and his opposition to the Vietnam War. The governor became very religious and believed that he had been saved by God for a reason. [35] In December 1972, Connally travelled to Saudi Arabia with Occidental Petroleum chairman Armand Hammer. Texas Republicans strongly commended Connally for his conservative views, and a Houston Republican Albert B. Fay said that he wanted "to publicly commend him [Connally] and invite him into the Republican party. "[3] Connally's parents grew even poorer because of the Great Depression, and when speaking about his poverty, Connally often recalled that he had to study by kerosene light.[3]. He was one of the few political associates who socialized with Kennedy as well. [4] He served only one term before being defeated for re-election in 1960. In 2010, President Barack Obama, appointed her Vice Chair of the Federal Reserve, before nominating her to succeed Fed Chair Benjamin Bernanke as the nations top central banker. The portraits were actually painted by Irving Resnikoff (1897 - 1988), a Russian immigrant artist who executed the paintings from photographs. Section 1400Z-1 contains limited timeframes that ended in 2018 by which all nominations by CEOs and designations by the Secretary of QOZs were required to be made. Opportunity Zones - Map | opportunityzones.hud.gov Dillon committed the U.S. to provide $20 billion in low-interest loans over the next decade to enhance the living conditions in Latin America. Connally in 1964, as Secretary of the Navy, Toggle From Navy secretary to Texas politics subsection, Robert C. Borden, "Bull of the Brazos dies: Moore was champion of Texas A&M,". Notable speakers included Dr. Cheng Chi Lee and Houston Mayor Bill White. [citation needed]. Treasury, June 1963 | JFK Library The Connally Memorial Medical Center in Floresville is named for the Connally family. Bentsen accepted, though he told Clinton that he would not serve a full four-year term in the office. "[48], Connally was reported to have been interested in becoming Secretary of State or Secretary of Defense in the Reagan Administration, but was only offered the post of Secretary of Energy, which he turned down. In 1988, he defeated Beau Boulter of Amarillo. [citation needed], Bentsen served in the United States Air Force Reserve from 1950 to 1959, and was promoted to colonel in 1953. In addition to his involvement in government and finance, Dillon also served as the president of the Metropolitan Museum of Art from 1970 to 1977 and as chairman from 1977 to 1983. "[3] According to Robert Sherrill, Connally moved the state in a conservative direction, and "controlled the men who controlled the politics in Texas-all conservative". [19], The Dukakis-Bentsen ticket lost the election. Secretary of State Dean Rusk (Cont. Dillon died of natural causes on January 10, 2003, at the New York-Presbyterian Hospital in New York City at the age of 93. [1][55], When Connally died, forensic pathologist Dr. Cyril Wecht and the Assassination Archives and Research Center petitioned Attorney General Janet Reno to recover the remaining bullet fragments from Connally's body, contending that the fragments would disprove the Warren Commission's single-bullet, single-gunman conclusion. Departments and Agencies. 54 1/2 x 44 1/4 x 1 1/2" These businesses, they found, are often making a wise decision. [12] During the campaign, Connally courted crowds and travelled with aides to make for a more noticeable entrance when he arrived at events. United States Secretary of the Treasury - Wikipedia During the vice presidential debate (see below), Republican vice presidential nominee Dan Quayle spent most of his speaking time criticizing Dukakis as too liberal while avoiding a match up with the seasoned Bentsen. Both brothers donated land that became the Bentsen-Rio Grande Valley State Park. [3] He wrote: "Now I feel that, rather than being elected, maybe I'm one of God's elect. After his World War II service on Guam, on Saipan, and in the Philippines, he left the United States Navy as Lieutenant Commander decorated with the Legion of Merit and Air Medal. On January 26, 2021, Janet Yellen was sworn in as the 78th Secretary of the Treasury of the United States. P.1965.1. Connally resigned eleven months later to run for the Texas governorship. Richard Dean Burns and Joseph M. Siracusa, C. Douglas Dillon, "Alliance for Progress, A Program for the Peoples of the Americas. ExComm Cuban Missile CrisisCuban Missile Crisis [citation needed] Connally also ordered gifts for a hospital in Cannes, France, that treated children with bone diseases, for poor Greek children on the island of Rhodes and for spastic children in Palermo, Italy.
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