James K. Vardaman, Jr.

James K. Vardaman, Jr.
Born James Kimble Vardaman, Jr.
1894
Greenwood, Mississippi, US
Died 1972
Education United States Naval Academy
Alma mater University of Mississippi
Millsaps College
Occupation Lawyer
Title Captain
Parent(s) James K. Vardaman
Anna Burleson Robinson

James Kimble Vardaman, Jr. (1894-1972) was an American lawyer. He served as a Governor of the Federal Reserve System from 1946 to 1958.

Early life

James Kimble Vardaman, Jr. was born in 1894 in Greenwood, Mississippi.[1] His father, James K. Vardaman, served as the Governor of Mississippi from 1904 to 1908 and as a United States Senator from 1913 to 1919.[1]

He attended the United States Naval Academy in Annapolis, Maryland and the University of Mississippi in Oxford, Mississippi.[1] He earned a Law degree from Millsaps College in Jackson, Mississippi in 1914.[1] He served in the United States Army from 1917 to 1919 during World War I, retiring as a Captain.[1]

Career

In the early 1920s, he worked as a lawyer to banks in Missouri. He worked for the Liberty-Central Trust Company in 1926.[1] He later worked for the Tower Grove National Bank and Trust.[1]

During World War II, he joined the United States Navy and served in Algeria.[1] By the end of the war in 1945, he was a naval aide to President Harry S. Truman.[2][3][4] In this role, he attended the Potsdam Conference from July-August 1945.[5]

He chose Clark Clifford to be his assistant, but unfortunately, Clifford was soon to rise above him, becoming Truman's special counsel in 1946, as Truman was disappointed with Vardaman's "acute case of Potomac fever", as Margaret Truman put it.[6]

He served as a Governor of the Federal Reserve from 1946 to 1958.[1][3] During his tenure, he was "a proponent of price and wage controls."[1] Shortly after, he worked in the financial sector in Albany, Georgia.[1]

He was a recipient of the Legion of Merit and the Silver Star.[1]

Death

He died in 1972.[1]

References

  1. 1.0 1.1 1.2 1.3 1.4 1.5 1.6 1.7 1.8 1.9 1.10 1.11 1.12 James K. Vardaman, Jr.: Governor (Board of Governors): 1946 - 1958
  2. Portrait of Captain James K. Vardaman, Jr., Harry S. Truman Library & Museum
  3. 3.0 3.1 Richard S. Kirkendall, A History of Missouri, Columbia, Missouri: University of Missouri Press, 2004, Volume 5, p. 381
  4. William Edward Leuchtenberg, The White House Looks South: Franklin D. Roosevelt, Harry S. Truman, Lyndon B. Johnson, Baton Rouge, Louisiana: Louisiana State University Press, 2005, p. 163
  5. Robert H. Ferrell (22 July 2013). Harry S. Truman: A Life. University of Missouri Press. p. 191. ISBN 978-0-8262-6045-1.
  6. Richard S. Kirkendall (20 July 2004). A History of Missouri. University of Missouri Press. p. 381. ISBN 978-0-8262-1560-4. Retrieved 3 April 2015.