Daniel Manning

Daniel Manning ( born May 16, 1831 in Albany, New York, † December 24, 1887 ibid ) was an American journalist, businessman, Democratic politician and Minister of Finance.

Family and career

Hailing from humble family backgrounds Manning left at the age of eleven years the school to support his family financially by working. At first he was Page in the New York State Assembly, where he later worked as a stenographer. Subsequently, he was a reporter for several newspapers, his hometown, before he as a reporter for the " Albany Argus " changed in 1856, in which 1865 he ascended to the editor and in 1873 the owner and president. In the same year he became Vice President and then President in 1881 of the National Commercial Bank in Albany.

Political career

Official of the Democratic Party

Manning began his career advancement after his political career as a supporter of the governor of New York, Samuel J. Tilden. From 1874 to 1880 he was a member, then a year and finally secretary from 1881 to 1884 Chairman of the Democratic Party of New York.

He was also in 1876, 1880 and 1884 a delegate to the Democratic National Convention. In 1880, he was Chairman of this meeting for the nomination of the then presidential candidate Winfield Scott Hancock.

Treasury under Cleveland

After the election of Grover Cleveland as U.S. president, he was appointed on the proposal of Tilden through this on March 8, 1885, to the surprise of many as finance minister in the cabinet.

Despite the publicly expressed criticism he quickly became one of the most important and influential adviser to the president. As a conservative financial policy it was in particular the creation of a budget surplus and increase the gold reserve important. He also urged the president toward a reduction of customs duties. His health was, however, in the course of his tenure progressively worse, so that many of the official duties have been perceived by his deputy Charles S. Fairchild. On March 31, 1887, he finally stepped back because of his illness ( aneurysm) and was replaced the following day by Fairchild.

In October 1887, he became president of the Bank of New York.

215664
de