Ogden L. Mills
Ogden Livingston Mills, Jr. ( born August 23, 1884 in Newport, Rhode Iceland, † October 11, 1937 in New York City ) was an American businessman and politician ( Republican) of the cabinet of U.S. President Herbert Hoover belonged as Minister of Finance.
Family, study and career
Mills came from a wealthy family who shares in banks, railways and mines had on the Pacific coast. After school he studied law at the Law School of Harvard University, which he with a Bachelor of Arts (BA ) and in 1907 with a Doctor of Jurisprudence graduated (JD) in 1904. In 1908 he was admitted to the bar in New York.
He was also a director of several large companies such as the Atchison, Topeka and Santa Fe Railway and the Ottmar Mergenthaler Linotype Company. Together with his older sister Gladys Mills one years Phipps he also ran a riding stable with English thoroughbred horses. He was the owner of the horse Kantar, the 1928, the most prestigious horse races in its class, the Prix de l' Arc de Triomphe won.
Political career
State Senator and Congressman
Mills began his political career in New York in 1911 as treasurer of the Republican Party in a county. In 1914, he ran unsuccessfully for the House of Representatives of the United States.
As a representative of the State of New York, he was in 1912, 1916 and 1920 a delegate to the Republican National Convention which nominated the presidential candidate of the Republicans. In 1914 he was elected to the Senate from New York and re-elected in 1916. After the U.S. entry into the First World War he joined in 1917 at the United States Army and served until the end of the war as a captain in the American Expeditionary Force.
Between 1921 and 1927 he was a member of the U.S. House of Representatives as a deputy. There he represented the interests of the Republicans in the 17th Congressional District of New York. During his deputies work, he was also a member of the influential Committee on Ways and Means.
Treasury under Hoover and critics of the New Deal of Roosevelt
In 1927 he was appointed by President Calvin Coolidge to the Under Secretary in the Ministry of Finance. This office he held until 1932.
Following the resignation of Andrew W. Mellon, he was appointed on February 13, 1932 by the new President Herbert Hoover himself as finance minister ( Secretary of the Treasury ). This office he held until the end of the presidency of Hoover on March 4, 1933.
As finance minister, he was a strong advocate of the coupling of dollars to the price of gold, the so-called gold standard. At his trial for a balanced budget balance but he looked at the growing problems of unemployment and the rising demand for higher government spending exposed to alleviate the depression.
After he resigned as Finance Minister, he was in the following year to a leading critic of the New Deal of the newly elected Democratic President Franklin D. Roosevelt. This criticism he published it in the books
- What of Tomorrow. 1935
- The Seventeen million. 1937