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John Skelton Williams

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John Skelton Williams
13th Comptroller of the Currency
In office
February 2, 1914 - March 2, 1921
PresidentWoodrow Wilson
Preceded byLawrence O. Murray
Succeeded byDaniel Richard Crissinger
Personal details
Born(1865-07-06)July 6, 1865
Paxton, Powhatan County, Virginia
DiedNovember 4, 1926(1926-11-04) (aged 61)
Richmond, Virginia
SpouseLila Lefebvre Issacs
ChildrenJohn Skelton Williams Jr, Hubert Skelton Williams
Parent(s)John Langbourne Williams and Maria Skelton Williams
OccupationFinancier

John Skelton Williams (July 6, 1865 – November 4, 1926) was a United States Comptroller of the Currency from 1914 to 1921 and the first president of the Seaboard Air Line Railway.

Biography

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John Skelton Williams was a leading southern financier. He served as the Comptroller of the Currency under President Woodrow Wilson from 1914 to 1921 after serving as Assistant Secretary of the Treasury. Previously, he had organized the Seaboard Air Line Railway into a single company, and served as its president from 1900 to 1903.

Williams was Comptroller throughout World War I. Under his leadership, the agency worked closely with the War Finance Corporation, which was established in 1918 to provide credit to businesses, including banks, to promote the war effort. A segregationist, he imposed segregation on the Bureau of Engraving and Printing and ended promotions for black workers.[1] During William's term, legislation was passed allowing the consolidation of two or more banks. On July 31, 1920 Williams released a report to the press detailing how interest rates for "call money" were manipulated to the advantage of insider speculators and the disadvantage of borrowers nationwide paying higher interest rates. This statement is published verbatim in toto in H.C. Cutting, The Strangle Hold (Chicago, M.A. Donohue, 1921) p. 297-317.

References

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  1. ^ Yellin, Eric Steven. Racism in the Nation's Service: Government Workers and the Color Line. UNC Press. pp. 117–9, 123–4.

Further reading

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Political offices
Preceded by Comptroller of the Currency
1914–1921
Succeeded by