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Charles Sumner Hamlin

From Wikipedia, the free encyclopedia
American lawyer and politician (1861–1938)

Charles Sumner Hamlin
1stChairman of the Federal Reserve
In office
August 10, 1914 – August 9, 1916
PresidentWoodrow Wilson
DeputyFrederic Adrian Delano
Preceded byPosition established
Succeeded byWilliam P. G. Harding
Member of theFederal Reserve Board
In office
August 10, 1914 – February 3, 1936
PresidentWoodrow Wilson
Warren G. Harding
Calvin Coolidge
Herbert Hoover
Franklin D. Roosevelt
Preceded byPosition established
Succeeded byRalph Morrison
Personal details
Born(1861-08-30)August 30, 1861
DiedApril 24, 1938(1938-04-24) (aged 76)
Political partyDemocratic
Spouse
Huybertje Pruyn
(m. 1898)
EducationHarvard University (BA,MA)
Signature

Charles Sumner Hamlin (August 30, 1861 – April 24, 1938) was an American lawyer and politician who served as the firstchairman of the Federal Reserve from 1914 to 1916. He previously served as theUnited States assistant secretary of the treasury from 1893 to 1897, and again from 1913 until 1914 when PresidentWoodrow Wilson nominated him as one of the original members of theFederal Reserve Board. After his term as chairman, Hamlin continued to serve on the Board through 1936.[1]

Early life

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Charles Sumner Hamlin was born inBoston, Massachusetts, on August 30, 1861, to Anna and Edward Hamlin. His mother was born inEngland toIrish parents, while his father, a coal dealer, was from Massachusetts.[2] He graduated fromHarvard University with aBachelor of Arts degree in 1883 and received hisMaster of Arts from Harvard in 1886. Sumnerstudied law while completing his master's degree and attained admission to the bar in 1886,practicing law in Boston.

Career

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From 1893 to 1897 and again from 1913 to 1914, Hamlin was theAssistant Secretary of the Treasury. He twice ran unsuccessfully forGovernor of Massachusetts, in1902 and1910. On August 10, 1914, he was appointed the first Chairman of the Federal Reserve and served in that capacity until August 9, 1916. Hamlin remained as Fed's board member until 1936. He lectured atHarvard University on government studies from 1902 to 1903.

In 1912, Hamlin was vice president of theWoodrow Wilson College Men's League and president of the Woodrow Wilson League of Massachusetts. He also published pamphlets on statistical and financial subjects, including anIndex Digest of Interstate Commerce Laws (1907) and theIndex Digest of the Federal Reserve Bulletin (1921).

Death

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Hamlin died in Washington, D.C., on April 24, 1938.[1][3][4] He was buried atForest Hills Cemetery inJamaica Plain,Massachusetts.

Family

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In 1898, Sumner married Huybertje Lansing Pruyn (April 8, 1878 – March 6, 1964), the daughter ofJohn V. L. Pruyn and granddaughter ofAmasa J. Parker.

Legacy

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Hamlin's papers are archived at theLibrary of Congress.[5]

References

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  1. ^ab"Charles S. Hamlin Dies in Washington. First Governor of the Federal Reserve Board Had Served From 1914 to 1936. Treasury Aide Since 1893. Was Member of Many Foreign Commissions. Honored by Japan for Famine Aid Served on Many Commissions Decorated by Japan".The New York Times. April 25, 1938. RetrievedOctober 27, 2012.
  2. ^"United States Census, 1880", database with images,FamilySearch: August 14, 2017, Edward S Hamlin, Boston, Suffolk, Massachusetts, United States; citing enumeration district ED 753, sheet 232A, NARA microfilm publication T9 (Washington D.C.: National Archives and Records Administration, n.d.), roll 0560; FHL microfilm 1,254,560.
  3. ^"Chas. S. Hamlin Dies in Boston [sic]".Reading Times.Associated Press. April 25, 1938. p. 16.
  4. ^Carnegie Endowment (1928).Annual Report. Carnegie Endowment for International Peace. p. 179.
  5. ^"Charles Sumner Hamlin".Library of Congress. RetrievedNovember 17, 2009.

Further reading

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External links

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1914–1936
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