Seymour Parker Gilbert Explained

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.

Early life

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.

Career

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]

Personal life

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.

References

External links

Notes and References

  1. News: TREASURY UNDER-SECRETARIES. . 2 December 2021 . . 2 February 1927.
  2. Book: Chernow, Ron . The House Of Morgan . 782 . 9787500560074.