Word: dillons
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President Johnson last week concluded his long search for a new Secretary of the Treasury. Nominated to succeed outgoing Douglas Dillon was Henry H. ("Joe") Fowler, 56, attorney, administrator, and Treasury Under Secretary for three years prior to resigning last April...
Instrumental. In 1961, Treasury Secretary Dillon tapped Fowler to be his No. 2 man; Dillon needed a tested administrator and, as a Republican, also wanted Washington-wise Democrat Fowler to help push fiscal policies through a Democratic Congress. As chief lobbyist for the Administration's 1964 tax-cut bill. Fowler pored over the Congressional Record daily, analyzing countless pages of debate, spent hours wheedling Congressmen in the halls-and played a major role in finally getting the measure passed. However, Fowler tangled with Kennedy Economic Adviser Walter Heller. Their differences were mostly kept behind the scenes. But Fowler questioned...
Last spring, pleading financial strain, Fowler resigned from the Treasury to return to his Washington law practice. When Dillon announced in the fall that he, too, planned to step down, Johnson wanted his old friend Donald C. Cook, president of the American Electric Power Co., to succeed Dillon. But Cook turned the President down (TIME, March 19), and Lyndon turned hopefully to Fowler...
From the moment last fall when Secretary of the Treasury Douglas Dillon signified his intention to resign, President Johnson has been after Donald C. Cook, 55, president of the American Electric Power Co. A former chairman of the Securities and Exchange Commission, Cook is a close friend; during last year's presidential campaign headed the Citizens for Johnson and Humphrey organization. But Cook decided that he did not want to become Treasury Secretary; he had already spent 16 years in public service, and he figured that was enough. There were other explanations for his reluctance: his pen sion would...
...Dillon is already cleaning out his desk to leave by month's end, and three other top Treasury posts-Under Secretary, Assistant Secretary for International Affairs, and General Counsel-are also vacant. Unless Johnson appoints some money men soon, the Treasury may be virtually empty at the top during a serious period for the dollar. There is the usual flock of other nominees-all of whom privately say, "Not me!" And some White House men insist that the President has not yet given up completely on Cook...