Seymour Parker Gilbert | |
Office: | Assistant Secretary of the Treasury |
Term Start: | June 1920 |
Term End: | June 1921 |
Predecessor: | Russell Cornell Leffingwell |
Office2: | Under Secretary of the Treasury |
Term Start2: | June 1921 |
Term End2: | 1923 |
Predecessor2: | Inaugural holder |
Successor2: | Garrard Winston |
Office3: | Agent General of Reparations |
Term Start3: | October 1924 |
Term End3: | May 1930 |
Birth Date: | October 13, 1892 |
Birth Place: | Bloomfield, NJ |
Death Place: | New York City |
Alma Mater: | Rutgers College Harvard Law School |
Seymour Parker Gilbert (October 13, 1892 - February 23, 1938) was an American lawyer, banker, politician and diplomat. He is chiefly known for being Agent General for Reparations to Germany, from October 1924 to May 1930. Afterwards, in 1931, he became an associate at J. P. Morgan.
Parker Gilbert was the son of Seymour Parker and Carrie Jennings (Cooper) Gilbert. Gilbert was educated at Rutgers College, graduating at the age of 19, and received a L.L.B. from Harvard Law School at 22, where he was the editor of the Harvard Law Review from 1913-1915, and later an honorary degree in 1930 for his work in reparations.
From 1915-1918, he practiced law with Cravath and Henderson in New York.
At age 27, he was offered a cabinet post in the Wilson Administration, as Assistant Secretary of the Treasury, and continued to serve in the Harding Administration.[1] In 1924, he was appointed Agent General for Reparations by the Allied Reparation Commission, succeeding the temporary Owen D. Young. In that capacity, he was responsible for the execution of the Dawes Plan. Under the Young Plan, the Bank for International Settlements was created, nullifying the position of Parker Gilbert.
Gilbert served as Under Secretary of the Treasury from June 1921 – 1923 as well as Agent General of Reparations from October 1924 until May 1930, working with Weimar Germany to ensure loan repayments to America. Afterwards, in 1931, he became an associate at J. P. Morgan, where he was known to put in long hours at the firm.[2]
He died at age 45, from a heart attack. His son S. Parker Gilbert, born 1934, was chairman of Morgan Stanley during the 1980s. After his death, his wife, Louise Todd, married Harold Stanley, the co-founder of Morgan Stanley.