Mostly 8 1/2 x 11 inches. Henry H. Fowler (1908 - 2000) was Under Secretary (1961 - 1964) to Treasury Secretary C. Douglas Dillon "and spent much of his time with Congress promoting the passage of the Kennedy Administration's tax reform program. Appointed Secretary of the Treasury by President Johnson, he had to face the problems of inflation and a trade deficit, both of which had been exacerbated by massive spending due to the war in Vietnam." "To spur economic growth, Fowler's immediate predecessors had administered "Keynesian" policies combining tax incentives and tax cuts. Fowler had to employ the next and less popular step in the Keynesian approach: tax increases to slow the economy and curb inflation. In order to pay the increasing expenses of the Vietnam War, Fowler lobbied and won Congressional approval for a ten- percent tax surcharge in June 1967. Another Fowler concern was the trade deficit, which had continued to grow throughout the Johnson years. He implemented a tax on foreign securities and urged corporations to place voluntary restraints on overseas investments. Fowler resigned one month before the end of Johnson's term to become a private banker [at Goldman Sachs]" (U.S. Department of Treasury, history/prior-secretaries/henry-h-fowler-1965-1968. In 1970 Fowler House was dedicated at Harvard University. Nine one page letters, all signed, 1. From George Baker. Dean of the Harvard Business School, Oct 21, 1969. 2. Charles Percy, U.S. Senator, Jan. 27, 1969 with enclosure. 3. Bert S. Cross, Chairman of 3M Corp., April 27, 1870, 4. Henry S. Wingate, Chairman International Nickel Co., April 27, 1970. 5. Eugene Beesley, Chairman of Eli Lilly & Co. April 27, 1970. 6. Stuart T Saunders, Chairman, Penn Central. May 1, 1970. 7. Wallace F. Bennett, U.S. Senator Utah. August 14, 1970. w Copy of Fowler's letter. 8. Stuart Symington, Senator Missouri. November 24, 1970. 9. Tom Killefer, Chairman, U.S. Trust Co. June 13, 1980. Good to fine, a few letters with dampstain in lower left, one with some paper loss.

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[Archive] Nine TLS to Henry "Joe" H. Fowler, Secretary of the Treasury Under LBJ

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1970

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