Robert B. Anderson

The Honorable Robert B. Anderson
56th United States Secretary of the Treasury
In office July 29, 1957 – January 20, 1961
President	Dwight D. Eisenhower
Preceded by	George M. Humphrey
Succeeded by	C. Douglas Dillon
United States Deputy Secretary of Defense
In office May 3, 1954 – August 4, 1955
President	Dwight D. Eisenhower
Preceded by	Roger M. Kyes
Succeeded by	Donald A. Quarles
4th United States Secretary of the Navy
In office February 4, 1953 – March 3, 1954
President	Dwight D. Eisenhower
Preceded by	Dan A. Kimball
Succeeded by	Charles S. Thomas
Personal details
Born	Robert Bernard Anderson June 4, 1910 Burleson, Texas, U.S.
Died	Manhattan, New York, U.S.
Resting place	Rose Hill Cemetery, Cleburne, Texas, U.S.
Spouse(s)	Ollie Rawlins Anderson (m. 1935 – 1987, her death)
Children	Gerald Lee Anderson James Richard Anderson
Alma mater	University of Texas
Religion	Methodist [1]
Signature

Robert Bernard Anderson (June 4, 1910 – August 14, 1989) was an American administrator and businessman. He served as the Secretary of the Navy between February 1953 and March 1954. He also served as the Secretary of the Treasury from 1957 until 1961, and was one of President Eisenhower's closest confidants.

Early life

Anderson was born in Burleson, Texas on June 4, 1910, to Robert Lee Anderson and his wife Elizabeth Haskew "Lizzy" Anderson. He was a high school teacher prior to entering the University of Texas Law School, from which he graduated in 1932. He thereafter engaged in political, governmental, law and business activities in the state of Texas.

State government service

Upon leaving the University of Texas School of Law in 1932, Anderson soon became an Assistant Attorney General for the State of Texas where he worked in 1933-1934. By 1934, he moved onward to become a State of Texas Tax Commissioner.

By 1939-1940, Anderson pursued opportunities within the private sector; he and two other partners purchased the City of Austin-based KTBC radio station from the Texas Broadcasting Company. Not able to increase KTBC's broadcasting power from the Federal Communications Commission (FCC), the three partners then sold KTBC to Lady Bird Johnson in January–February 1943; she was the wife of U.S. Representative - and future Senator and U.S. President - Lyndon B. Johnson.

Marriage and children

Anderson married Ollie Mae Rawlins on April 10, 1935. They couple had two sons, Gerald Lee and James Richard. The Anderson family later moved to Cleburne, Texas. Ollie Anderson died in Greenwich, Connecticut of Alzheimer disease on May 31, 1987.

Federal government service

During his time as Navy Secretary, he ended the last formal vestiges of racial segregation in the Navy and advocated the force levels and technological advances necessary to maintain a flexible defense strategy. In May 1954, Anderson left his Navy post to become Deputy Secretary of Defense. He received the Medal of Freedom in 1955. From 1957 to 1961, he served as President Eisenhower's Secretary of the Treasury.

Eisenhower was particularly impressed by Anderson's abilities, believing him to be more than capable of being president himself, and he named him as one of his leading choices to be his running mate in 1956, should to be Vice-President Richard Nixon have accepted Eisenhower's recommendation that he leave the vice-presidency in order to serve as Secretary of Defense. However, Nixon opted to remain on the ticket with Ike. As 1960 approached, Eisenhower acknowledged that Nixon no doubt had the Republican presidential nomination sewn up, but he privately pressed Anderson to enter the primaries and challenge Nixon, but Anderson declined. Once Nixon was nominated, Eisenhower suggested that he select Anderson as his running mate, but Nixon chose Henry Cabot Lodge, Jr. instead.

In 1959, as Secretary of the Treasury, Anderson supported the creation of the International Development Association, after pressure from then-Senator Mike Monroney (D-Oklahoma).

Private business and death

After leaving office, he was active in business, investment and banking affairs, and, during the 1960s, carried out diplomatic missions on behalf of President Lyndon B. Johnson.

Anderson's career ended in personal suffering and disgrace. He was hospitalized several times for alcoholism. He illegally operated the Commercial Exchange Bank of Anguilla, British West Indies, which had an unlicensed New York branch office. The bank lost $4.4 million and several investors lost their life savings in the mid 1980s. The bank also laundered large amounts of cash for drug traffickers. In 1987, Anderson pled guilty to criminal violations of the banking laws and to tax evasion, and was sentenced to prison. The Supreme Court of New York Appellate Division, in disbarring Anderson from the practice of law, called his disbarment "a sad but we think necessary end to the legal career of one who has in times less beclouded by poor and corrupt judgment served his country in high office as Secretary of Treasury, Deputy Secretary of the Navy and as Special Ambassador to Panama during the Panama Canal negotiations."

Anderson died of throat cancer following his cancer sugery in New York City on August 14, 1989. He was buried in Rose Hill Cemetery in Cleburne, Texas.

External links

• Papers of Robert B. Anderson, Dwight D. Eisenhower Presidential Library

Government offices
Preceded by Dan A. Kimball	United States Secretary of the Navy February 4, 1953 – March 3, 1954	Succeeded by Charles S. Thomas
Political offices
Preceded by Roger M. Kyes	United States Deputy Secretary of Defense 1954–1955	Succeeded by Donald A. Quarles
Preceded by George M. Humphrey	U.S. Secretary of the Treasury Served under: Dwight D. Eisenhower 1957–1961	Succeeded by C. Douglas Dillon