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John Wesley Snyder (US Cabinet Secretary)

John W. Snyder
painted by Greta Kempton
54th United States Secretary of the Treasury
In office
June 25, 1946 – January 20, 1953
President Harry S. Truman
Preceded by Fred M. Vinson
Succeeded by George M. Humphrey
Personal details
Born John Wesley Snyder
(1895-06-21)June 21, 1895
Jonesboro, Arkansas, U.S.
Died October 8, 1985(1985-10-08) (aged 90)
Seabrook Island, South Carolina, U.S.
Resting place Washington National Cathedral, Washington, D.C., U.S.
Political party Democratic
Spouse(s) Evlyn Cook Snyder
(m. January 5, 1920 - d.)
Children Edith Drucie Snyder
Alma mater Vanderbilt University
Signature

John Wesley Snyder (June 21, 1895 – October 8, 1985) was an American businessman. He was Secretary of the Treasury in the Truman administration.

Biography

Snyder was born in Jonesboro, Arkansas, on June 21, 1895, to Jesse Hartwell Snyder and his wife Ellen (Hatcher). He studied at Vanderbilt University's engineering school for one year before joining the Army during World War I.

Snyder moved to Washington in the early 1930s with a broad background in banking and business. He held several public and private offices including National Bank Receiver in the Office of the Comptroller of the Currency, Federal Loan Administrator, and Director of War Mobilization and Reconversion. In the last office he played a leading part in the transition of the USA's economy from a wartime to a peacetime basis.

Snyder was appointed the U.S. Secretary of the Treasury in 1946 by his close personal friend President Harry S. Truman, with whom he had served in World War I. His task as Secretary was to establish a stable postwar economy. The main points of his program were maintaining confidence in the credit of the government, reducing the federal debt, and encouraging public thrift through investment in U.S. Savings Bonds. He retired from government in 1953 at the

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