This article's lead sectionmay be too short to adequately summarize the key points. Please consider expanding the lead to provide an accessible overview of all important aspects of the article.(August 2021)
Humphrey was born on March 8, 1890, and raised in Cheboygan, Michigan, the son of Caroline (née Magoffin) Humphrey (1861–1946) and Watts Sherman Humphrey (1844–1916).[2]
Through his brother Watts S. Humphrey, he was the uncle of software engineer Watts Humphrey.
After practicing law in Saginaw, Michigan for five years with his father's firm, he accepted a position as general counsel with steel manufacturer M. A. Hanna Company in 1917.[3] That association lasted 35 years and included his ascension to company president in 1929. He served as Chairman of The Business Council, then known as the Business Advisory Council for the United States Department of Commerce in 1946.[4] Following Dwight Eisenhower's election to the Presidency in 1952, Humphrey was recommended by close adviser General Lucius D. Clay, who had worked with the corporate magnate regarding post-war plans in Germany.
Secretary of the Treasury
As Secretary of the Treasury in the first Republican Administration in 20 years, Humphrey was one of the most influential of President Eisenhower's Cabinet members.[5] Eisenhower was once quoted as saying, "When George speaks, we all listen."[6]
Humphrey had given up a $300,000 salary to accept the Cabinet position that paid just $22,500. He fought to have a balanced budget, tight money, limits on welfare and foreign aid, as well as "trickle down" tax cuts.[3] He was even more adamant about government spending, saying in a 1957 press conference that if it wasn't curbed, "you will have a depression that will curl your hair."[6] Humphrey left office on July 29, 1957.[7] Following Humphrey's departure that same year, he returned to the Hanna Company, serving as honorary board chairman and director, then later became chairman of National Steel Corporation.[8][9]
Later life
In 1962, Humphrey became embroiled in a potential controversy when a Senate committee investigated the stockpiling of nickel during his time in the Cabinet.[10] The $98 million deal involved companies he had once headed, but he explained that his motivation was to increase the country's strategic stockpiles and was thus cleared. He made no profit from the deal.
Personal life
On January 15, 1913, Humphrey was married to Pamela Stark of Saginaw.[3] They had three children together:[11]
Cynthia Pamela Humphrey, who married Royal Firman Jr.[12] They divorced in September 1970.[13]
Gilbert Watts Humphrey (d. 1979), who became the Chairman of the Hanna conglomerate.[14]
Caroline Helen Humphrey, who married John G. Butler.[12]
In his later years, Humphrey essentially remained out of the spotlight. His health deteriorated when he suffered an apparent heat stroke in August 1969. He then became a frequent visitor to hospitals until entering Cleveland's University Hospital cardiac unit on December 27, 1969. He died there on January 20, 1970.[1][15] He was buried at the Lake View Cemetery in Cleveland, Ohio.
References
^ ab"George M. Humphrey, 79, Dies; Former Secretary of Treasury" (PDF). The New York Times. 21 January 1970. Retrieved 26 April 2019.
^ ab"A Proud Conservative; George Magoffin Humphrey A Success in Business Not So Hoover-like" (PDF). The New York Times. 18 January 1957. Retrieved 26 April 2019.
^"Mr. Humphrey's Departure" (PDF). The New York Times. 30 July 1957. Retrieved 26 April 2019.
^Times, Special to The New York (22 February 1961). "Millsop Succeeding Humphrey As Chairman of National Steel; NATIONAL STEEL PICKS CHAIRMAN" (PDF). The New York Times. Retrieved 26 April 2019.
^"HUMPHREY FINDS U.S. APPRECIATED; Ex-Treasury Chief Asserts Eisenhower Is Held in High Regard Abroad" (PDF). The New York Times. 1 November 1960. Retrieved 26 April 2019.
^Loftus, Joseph A. (12 August 1962). "Inquiry Will Ask George Humphrey About Stockpile Profit Case; Political Overtones Funds Advanced" (PDF). The New York Times. Retrieved 26 April 2019.
^Van Tassel, David Dirck; University, Case Western Reserve (1987). The Encyclopedia of Cleveland history. Indiana University Press. Retrieved 26 April 2019.
george, humphrey, other, people, named, disambiguation, this, article, lead, section, short, adequately, summarize, points, please, consider, expanding, lead, provide, accessible, overview, important, aspects, article, august, 2021, george, magoffin, humphrey,. For other people named George M Humphrey see George M Humphrey disambiguation This article s lead section may be too short to adequately summarize the key points Please consider expanding the lead to provide an accessible overview of all important aspects of the article August 2021 George Magoffin Humphrey March 8 1890 January 20 1970 1 was an American lawyer businessman and banker He served as the United States Secretary of the Treasury for President Dwight D Eisenhower George Humphrey55th United States Secretary of the TreasuryIn office January 21 1953 July 29 1957PresidentDwight D EisenhowerPreceded byJohn SnyderSucceeded byRobert B AndersonPersonal detailsBornGeorge Magoffin Humphrey 1890 03 08 March 8 1890Cheboygan Michigan U S DiedJanuary 20 1970 1970 01 20 aged 79 Cleveland Ohio U S Resting placeLake View CemeteryPolitical partyRepublicanSpousePamela Stark m 1913 wbr Children3Alma materUniversity of Michigan Ann Arbor BA LLB Signature Contents 1 Early life 2 Career 3 Secretary of the Treasury 3 1 Later life 4 Personal life 5 References 6 External linksEarly life EditHumphrey was born on March 8 1890 and raised in Cheboygan Michigan the son of Caroline nee Magoffin Humphrey 1861 1946 and Watts Sherman Humphrey 1844 1916 2 Through his brother Watts S Humphrey he was the uncle of software engineer Watts Humphrey He received both his undergraduate and law degrees from the University of Michigan 3 Career EditAfter practicing law in Saginaw Michigan for five years with his father s firm he accepted a position as general counsel with steel manufacturer M A Hanna Company in 1917 3 That association lasted 35 years and included his ascension to company president in 1929 He served as Chairman of The Business Council then known as the Business Advisory Council for the United States Department of Commerce in 1946 4 Following Dwight Eisenhower s election to the Presidency in 1952 Humphrey was recommended by close adviser General Lucius D Clay who had worked with the corporate magnate regarding post war plans in Germany Secretary of the Treasury EditAs Secretary of the Treasury in the first Republican Administration in 20 years Humphrey was one of the most influential of President Eisenhower s Cabinet members 5 Eisenhower was once quoted as saying When George speaks we all listen 6 Humphrey had given up a 300 000 salary to accept the Cabinet position that paid just 22 500 He fought to have a balanced budget tight money limits on welfare and foreign aid as well as trickle down tax cuts 3 He was even more adamant about government spending saying in a 1957 press conference that if it wasn t curbed you will have a depression that will curl your hair 6 Humphrey left office on July 29 1957 7 Following Humphrey s departure that same year he returned to the Hanna Company serving as honorary board chairman and director then later became chairman of National Steel Corporation 8 9 Later life Edit In 1962 Humphrey became embroiled in a potential controversy when a Senate committee investigated the stockpiling of nickel during his time in the Cabinet 10 The 98 million deal involved companies he had once headed but he explained that his motivation was to increase the country s strategic stockpiles and was thus cleared He made no profit from the deal Personal life EditOn January 15 1913 Humphrey was married to Pamela Stark of Saginaw 3 They had three children together 11 Cynthia Pamela Humphrey who married Royal Firman Jr 12 They divorced in September 1970 13 Gilbert Watts Humphrey d 1979 who became the Chairman of the Hanna conglomerate 14 Caroline Helen Humphrey who married John G Butler 12 In his later years Humphrey essentially remained out of the spotlight His health deteriorated when he suffered an apparent heat stroke in August 1969 He then became a frequent visitor to hospitals until entering Cleveland s University Hospital cardiac unit on December 27 1969 He died there on January 20 1970 1 15 He was buried at the Lake View Cemetery in Cleveland Ohio References Edit a b George M Humphrey 79 Dies Former Secretary of Treasury PDF The New York Times 21 January 1970 Retrieved 26 April 2019 HUMPHREY GEORGE MAGOFFIN case edu Encyclopedia of Cleveland History Case Western Reserve University 5 March 2019 Retrieved 26 April 2019 a b c d Corporation Builder George Magoffin Humphrey PDF The New York Times 17 August 1962 Retrieved 26 April 2019 The Business Council Official website Background Archived March 3 2016 at the Wayback Machine George M Humphrey 1953 1957 millercenter org Miller Center of Public Affairs 4 October 2016 Retrieved 26 April 2019 a b A Proud Conservative George Magoffin Humphrey A Success in Business Not So Hoover like PDF The New York Times 18 January 1957 Retrieved 26 April 2019 Mr Humphrey s Departure PDF The New York Times 30 July 1957 Retrieved 26 April 2019 Times Special to The New York 22 February 1961 Millsop Succeeding Humphrey As Chairman of National Steel NATIONAL STEEL PICKS CHAIRMAN PDF The New York Times Retrieved 26 April 2019 HUMPHREY FINDS U S APPRECIATED Ex Treasury Chief Asserts Eisenhower Is Held in High Regard Abroad PDF The New York Times 1 November 1960 Retrieved 26 April 2019 Loftus Joseph A 12 August 1962 Inquiry Will Ask George Humphrey About Stockpile Profit Case Political Overtones Funds Advanced PDF The New York Times Retrieved 26 April 2019 Van Tassel David Dirck University Case Western Reserve 1987 The Encyclopedia of Cleveland history Indiana University Press Retrieved 26 April 2019 a b Congress United States 1955 Congressional Directory U S Government Printing Office p 377 Retrieved 26 April 2019 Mrs Farley and Royal Firrnan Jr Disclose Wedding Here on July 28 PDF The New York Times 10 September 1970 Retrieved 26 April 2019 Cook Joan 20 June 1979 Gilbert W Humphrey Chairman Of Hanna Conglomerate Is Dead PDF The New York Times Retrieved 26 April 2019 Estate of George Humphrey Joins in Hanna Stock Sale The New York Times 21 October 1970 Retrieved 26 April 2019 External links EditPapers of George M Humphrey Dwight D Eisenhower Presidential Library George M Humphrey at Find a GravePolitical officesPreceded byJohn W Snyder U S Secretary of the TreasuryServed under Dwight D Eisenhower1953 1957 Succeeded byRobert B Anderson Retrieved from https en wikipedia org w index php title George M Humphrey amp oldid 1132342753, wikipedia, wiki, book, books, library,
