CABINET: New Secretary

Under recent reorganization legislation Franklin Roosevelt got permission to appoint an Under Secretary of the Navy for a national or limited emergency. This week he named his man: suave, handsome James Vincent Forrestal, No. 4 of the President's $10,000-a-year administrative assistants "with a passion for anonymity."

As No. 1 assistant to new Navy Secretary Frank Knox, Princeton Man Forrestal was moving fast. Six weeks ago he turned in his resignation as president of the Wall Street investment house of Dillon Read & Co., went to work for Franklin Roosevelt. His job: liaison agent for the Government's new South American cartel...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!