Banker Boss

For his first major appointment, Harry Truman had called in an old friend and World War I buddy, St. Louis Banker John Wesley Snyder, to succeed Fred Vinson as Federal Loan Administrator. This week, as Vinson moved on to the Treasury Department, John Snyder moved into another Vinson seat: he became Director of the Office of War Mobilization and Reconversion.

Plump, amiable John Snyder, who had spent more than half his 49 years in the banking business, had seemed a natural for the Federal Loan job. Former RFC official, former executive vice president...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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