President Dwight D. Eisenhower President Dwight D. Eisenhower Succeeded by C. Douglas Dillon Preceded by Roger M. Kyes Party Republican Party | President Dwight D. Eisenhower Name Robert Anderson Preceded by George M. Humphrey Preceded by Dan A. Kimball | |
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Role Former United States Secretary of the Treasury Died August 14, 1989, New York City, New York, United States Education University of Texas at Austin Previous office United States Secretary of the Treasury (1957–1961) Similar People Dwight D Eisenhower, Robert Rubin, Timothy Geithner | ||
Robert Bernerd Anderson (June 4, 1910 – August 14, 1989) was an American administrator and businessman. He served as the Secretary of the Navy between February 1953 and March 1954. He also served as the Secretary of the Treasury from 1957 until 1961, and was one of President Eisenhower's closest confidants. Two years before his death from cancer, he was disbarred for illegal banking operations and tax evasion.
Contents
- Early life
- State government service
- Marriage and children
- Federal government service
- Private business and death
- References
Early life
Anderson was born in Burleson, Texas on June 4, 1910, to Robert Lee Anderson and his wife Elizabeth Haskew "Lizzy" Anderson. He was a high school teacher prior to entering the University of Texas Law School, from which he graduated in 1932. He thereafter engaged in political, governmental, law and business activities in the state of Texas.
State government service
Upon leaving the University of Texas School of Law in 1932, Anderson soon became an Assistant Attorney General for the State of Texas where he worked in 1933-1934. By 1934, he moved onward to become a State of Texas Tax Commissioner.
By 1939-1940, Anderson pursued opportunities within the private sector; he and two other partners purchased the City of Austin-based KTBC radio station from the Texas Broadcasting Company. Not able to increase KTBC's broadcasting power from the Federal Communications Commission (FCC), the three partners then sold KTBC to Lady Bird Johnson in January–February 1943; she was the wife of U.S. Representative—and future Senator and U.S. President—Lyndon B. Johnson.
Marriage and children
Anderson married Ollie Mae Rawlins on April 10, 1935. The couple had two sons, Gerald Lee and James Richard. The Anderson family later moved to Cleburne, Texas. Ollie Anderson died in Greenwich, Connecticut of Alzheimer disease on May 31, 1987.
Federal government service
During his time as Navy Secretary, he ended the last formal vestiges of racial segregation in the Navy and advocated the force levels and technological advances necessary to maintain a flexible defense strategy. In May 1954, Anderson left his Navy post to become Deputy Secretary of Defense. He received the Medal of Freedom in 1955. From 1957 to 1961, he served as President Eisenhower's Secretary of the Treasury.
Eisenhower was particularly impressed by Anderson's abilities, believing him to be more than capable of being president himself, and he named him as one of his leading choices to be his running mate in 1956, should to be Vice-President Richard Nixon have accepted Eisenhower's recommendation that he leave the vice-presidency in order to serve as Secretary of Defense. However, Nixon opted to remain on the ticket with Ike. As 1960 approached, Eisenhower acknowledged that Nixon no doubt had the Republican presidential nomination sewn up, but he privately pressed Anderson to enter the primaries and challenge Nixon, but Anderson declined. Once Nixon was nominated, Eisenhower suggested that he select Anderson as his running mate, but Nixon chose Henry Cabot Lodge, Jr. instead.
Eisenhower said Anderson "is just about the ablest man that I know, He would make a splendid President."
In 1959, as Secretary of the Treasury, Anderson supported the creation of the International Development Association, after pressure from then-Senator Mike Monroney (D-Oklahoma).
Private business and death
After leaving office, he was active in business, investment and banking affairs, and, during the 1960s, carried out diplomatic missions on behalf of President Lyndon B. Johnson.
Anderson's career ended in personal suffering and disgrace. He was hospitalized several times for alcoholism. He illegally operated the Commercial Exchange Bank of Anguilla, British West Indies, which had an unlicensed New York branch office. The bank lost $4.4 million and several investors lost their life savings in the mid 1980s. The bank also laundered large amounts of cash for drug traffickers. In 1987, Anderson pleaded guilty to criminal violations of the banking laws and to tax evasion, and was sentenced to prison. The Supreme Court of New York Appellate Division, in disbarring Anderson from the practice of law, called his disbarment "a sad but we think necessary end to the legal career of one who has in times less beclouded by poor and corrupt judgment served his country in high office as Secretary of Treasury, Deputy Secretary of the Navy and as Special Ambassador to Panama during the Panama Canal negotiations."
Anderson died of throat cancer following his cancer sugery in New York City on August 14, 1989. He was buried in Rose Hill Cemetery in Cleburne, Texas.