FACTOID # 21: 15% of Army recruits from South Dakota are Native American, which is roughly the same percentage for female Army recruits in the state.
 
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Encyclopedia > Franklin MacVeagh

Franklin MacVeagh (November 22, 1837July 6, 1934) was an American banker and Treasury Secretary.


Born in Chester County, Pennsylvania, he worked as a wholesale grocer and lawyer. He had been director of the Commercial National Bank of Chicago for 29 years when President William Howard Taft asked him to be Secretary of the Treasury in 1909. He did not tackle the pressing problem of currency reform, leaving it to the National Monetary Commission, which had been established by the Aldrich-Vreeland Act of 1907. He did, however, stress the urgency of reform in his annual report. He is remembered for increasing the efficiency and general progressiveness of the Treasury Department: He abolished 450 unnecessary positions, rehabilitated the U.S. Customs Service with the introduction of electric automatic weighing devices and accepted certified checks instead of currency for customs and internal revenue payments. He was also involved in the creation of the buffalo nickel.


He was brother to Wayne MacVeagh, an Attorney General of the United States.


MacVeagh died in 1934 and is interred at Graceland Cemetery in Chicago.


  Results from FactBites:
 
Wayne MacVeagh - definition of Wayne MacVeagh in Encyclopedia (321 words)
MacVeagh was U.S. ambassador to Turkey in 1870 through 1871, and was a member of the state constitutional convention of 1872 and 1873.
He also served as chairman of the MacVeagh Commission, sent in 1877 by President Rutherford B. Hayes to Louisiana, which secured the settlement of the contest between the two existing state governments and thus made possible the withdrawal of U.S. troops from the state.
MacVeagh was was the 36th Attorney General of the United States in 1881 under President James A. Garfield, but resigned immediately after Garfield's death.
Franklin MacVeagh - definition of Franklin MacVeagh in Encyclopedia (213 words)
Franklin MacVeagh (November 22, 1837–July 6, 1934) was an American banker and Treasury Secretary.
He was brother to Wayne MacVeagh, an Attorney General of the United States.
MacVeagh died in 1934 and is interred at Graceland Cemetery in Chicago.
  More results at FactBites »

 
 

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