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Morgenthau Named Head of U.S. Treasury Dept.

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Henry Morgenthau, Jr., head of President Roosevelt’s Agricultural Credit Administration which has been aiding farmers in need, was named today as the successor to William H. Woodin, Secretary of the Treasury, who departed on leave of absence. Mr. Morgenthau will have the title Undersecretary and Acting Secretary of the United States Treasury, a position carrying possibly more responsibility than any man in the government except the chief executive.

The new Cabinet member was born in New York City in 1891, studied at Cornell University and became well-known as a publisher and commentator on public affairs. Since 1922 he has been the publisher of the American Agriculturist. During the War he was a lieutenant in the United States Navy, and later was appointed by Mr. Roosevelt, then Governor of New York, as chairman of the Agricultural Advisory Committee.

His father is former American ambassador to Turkey and Mexico, and one of the leading financiers in the world.

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