MarketFred M. Vinson
Company Profile

Fred M. Vinson

Frederick Moore Vinson was an American attorney and politician who served as the 13th chief justice of the United States from 1946 until his death in 1953. Vinson was one of the few Americans to have served in all three branches of the U.S. government. Before becoming chief justice, Vinson served as a U.S. representative from Kentucky from 1924 to 1928 and 1930 to 1938, as a federal appellate judge on the U.S. Court of Appeals for the District of Columbia Circuit from 1938 to 1943, and as the U.S. secretary of the treasury from 1945 to 1946.

Early years
in Louisa, Kentucky Vinson, known universally as Fred, was born in the newly built, eight-room, red brick house in front of the Lawrence County jail in Louisa, Kentucky, where his father served as the Lawrence County Jailer. and enrolled at Centre College, where he graduated at the top of his class with a Bachelor of Arts degree. While at Centre, he was a member of the Kentucky Alpha Delta chapter of Phi Delta Theta fraternity. He received a Bachelor of Laws from the now defunct College of Law. He entered private practice in Louisa. He first ran for and was elected to office as the City Attorney of Louisa. During World War I, he supported the effort with speeches in support of bond drives and Red Cross appeals. He tried to enlist in the United States Army, but was rejected twice as underweight. In August 1918, he was finally approved for service. He completed basic training with the 9th Company, 34th Training Battalion, 159th Depot Brigade at Camp Zachary Taylor, Kentucky. Selected for officer training, he was a student at the Camp Pike, Arkansas officer training school when the Armistice of 11 November 1918 ended the war. Following his military service, he was elected Commonwealth's Attorney for the Thirty-Second Judicial District of Kentucky. Vinson married Julia Roberta Dixon on January 24, 1924, in Ashland, Kentucky. They had two sons. ==United States Representative from Kentucky==
United States Representative from Kentucky
In 1924, Vinson ran in a special election for his district's seat in Congress after William J. Fields resigned to become the Governor of Kentucky. Vinson was elected as a Democrat and then was reelected twice before losing in 1928. His loss was attributed to his refusal to dissociate his campaign from Alfred E. Smith's presidential campaign. However, Vinson came back to win re-election in 1930, and he served in Congress through 1937. After being equally unsuccessful in enlisting General Dwight D. Eisenhower, President Truman eventually landed on Governor of Illinois Adlai Stevenson as his preferred successor in the 1952 presidential election. In 1930, former congressman Vinson moved his law practice from Louisa, Kentucky thirty miles north to Ashland. With aspirations to return to Washington, D.C. as congressman, Vinson formed a circle of Ashland friends who could aid him politically and professionally. This group included his next door neighbor Paul G. Blazer. Vinson returned to Washington, D.C. as congressman in 1931. Vinson would become a frontline supporter of President Roosevelt and his cabinet's New Deal revolution. ==United States Court of Appeals==
United States Court of Appeals
, 1938 Vinson was nominated by President Franklin D. Roosevelt on November 26, 1937, to an Associate Justice seat on the United States Court of Appeals for the District of Columbia (now the United States Court of Appeals for the District of Columbia Circuit) vacated by Associate Justice Charles Henry Robb. He was confirmed by the United States Senate on December 9 of that year, and received his commission six days later. He was designated by Chief Justice Harlan F. Stone to serve as Chief Judge of the Emergency Court of Appeals. His service terminated on May 28, 1943, due to his resignation. ==Secretary of the Treasury==
Secretary of the Treasury
Vinson resigned from the bench to become Director of the Office of Economic Stabilization, an executive agency charged with fighting inflation. He also spent time as Federal Loan Administrator (March 6 to April 3, 1945) and director of War Mobilization and Reconversion (April 4 to July 22, 1945). He was appointed United States Secretary of the Treasury by President Truman and served from July 23, 1945, to June 23, 1946. His mission as Secretary of the Treasury was to stabilize the American economy during the last months of the war and to adapt the United States financial position to the drastically changed circumstances of the postwar world. Before the war ended, Vinson directed the last of the conflict's major war bond drives. At the end of the war, he negotiated payment of the British Loan of 1940, the largest loan made by the United States to another country ($3.75 billion), and the lend-lease settlements of economic and military aid given to the allies during the war. In order to encourage private investment in postwar America, he promoted a tax cut in the Revenue Act of 1945. He also supervised the inauguration of the International Bank for Reconstruction and Development and the International Monetary Fund, both created at the Bretton Woods Conference of 1944, acting as the first chairman of their respective boards. In 1946, Vinson resigned from the Treasury so he could accept Truman's appointment as Chief Justice of the United States. ==Chief Justice==
Chief Justice
Vinson was nominated by President Harry S. Truman on June 6, 1946, to become Chief Justice of the United States, following the death of Harlan F. Stone. He was confirmed by the United States Senate by a voice vote on June 20, 1946, received his commission on June 21, His appointment came at a time when the Supreme Court was deeply fractured, both intellectually and personally. One faction was led by Justice Hugo Black, the other by Justice Felix Frankfurter. The major issues his court dealt with included racial segregation, labor unions, communism and loyalty oaths. On racial segregation, he wrote that states practicing the separate but equal doctrine must provide facilities that were truly equal, in Sweatt v. Painter and McLaurin v. Oklahoma State Regents. The case of Briggs v. Elliott was before the Court at the time of his death. Vinson, not wanting a 5–4 decision, had ordered a second hearing of the case. He died before the case could be reheard, and his vote may have been pivotal. Briggs v. Elliott was combined with four other cases challenging segregation in education. This new case became Brown v. Board of Education. When Secretary of State Dean Acheson came under fire from congressional Republicans for being "soft on communism" at the end of 1950 Vinson was briefly mentioned as the possible replacement as Secretary of State, which would have required his resignation from the court. This, however, did not come about. As Chief Justice, Vinson swore in Truman (in 1949) and Dwight D. Eisenhower (in 1953) as President. ==Death and legacy==
Death and legacy
Vinson died on September 8, 1953, of a heart attack at his Washington home. His body was interred in Pinehill Cemetery in Louisa, Kentucky. An extensive collection of Vinson's personal and judicial papers is archived at the University of Kentucky in Lexington, where they are available for research. A portrait of Vinson hangs in the hallway of the chapter house of the Kentucky Alpha-Delta chapter of Phi Delta Theta (ΦΔΘ) international fraternity, at Centre College. Vinson was a member of the chapter in his years at Centre. Affectionately known as "Dead Fred", the portrait is taken by fraternity members to Centre football and basketball games and other events. The Fred M. Vinson Birthplace, in Louisa, Kentucky, is listed on the National Register of Historic Places. ==See also==
tickerdossier.comtickerdossier.substack.com