Joseph W. Barr
Former United States Secretary of the Treasury
Education
- Graduated - DePauw University
- Master's degree in economics - Harvard University in Cambridge, Massachusetts
Overview
Joseph Walker Barr was an American businessman and politician from Indiana. He served one term in the United States House of Representatives. He was also the United States Secretary of the Treasury from December 21, 1968 until January 20, 1969, in President Lyndon B. Johnson's cabinet. He was a member of the Democratic Party.
Political career :
In 1958, he defeated Charles B. Brownson for a seat in Congress from Indiana's 11th congressional district, a Republican stronghold. He was aided by Democratic gains that increased the party's majority from 35 to 129 seats. During his time in the House, he became friends with then-Senator John F. Kennedy. He served only one term before being defeated for re-election in 1960.
After his electoral defeat, President Kennedy appointed him as the Assistant to the Secretary of the Treasury for Congressional Relations. In 1963, he was appointed Chairman of the Federal Deposit Insurance Corporation. Barr served as the Undersecretary of the Treasury from 1965 to 1968, during the administration of President Lyndon B. Johnson. When Henry H. Fowler resigned in December 1968, Johnson named Barr as the Secretary of the Treasury with a recess appointment, effective for the remainder of Johnson's term in office. His 28 days in the position was the shortest term of any Treasury Secretary. Given his short period in office, his signature appears only on the one-dollar bill.
Early Life
Barr was born in Vincennes, Indiana, on January 17, 1918, the son of Oscar Lynn Barr and Stella Florence Walker. 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 was a member of the Phi Kappa Psi fraternity and earned a master's degree in economics from Harvard University in Cambridge, Massachusetts, in 1941.
He served in the United States Navy from 1942 to 1945, during World War II, with subchaser duty in the Mediterranean Sea and Atlantic Ocean. He received a Bronze Star for sinking a submarine off Anzio Beach.
After Barr returned from the war, he engaged in the operation of grain elevators, theaters, real estate and publishing businesses.
Career
- United States - Former Secretary of the Treasury
