Everything about Jesse Holman Jones totally explained
Jesse Holman Jones (also known as
Jesse H. Jones) (
April 5,
1874 –
June 1,
1956) was a
Houston, Texas politician and entrepreneur. He served as
United States Secretary of Commerce from
1940 to
1945.
Early Life
Born in
Robertson County, Tennessee, Jones was the son of a tobacco farmer and merchant. His father sent him to manage a
tobacco factory at age 14, and at 19 he was put in charge of his uncle's lumberyards. Five years later, after his uncle died, Jones moved to Houston to manage his uncle's estate and opened a
lumberyard company, which grew quickly. He quickly made his mark as a builder across Houston, and helped to secure federal funding for the
Houston Ship Channel, which made the city a viable port.
Political Career
President
Woodrow Wilson offered him the position of Secretary of Commerce, but Jones turned him down to focus on his businesses — though he couldn't refuse when Wilson asked him a second time to become Director General of Military Relief for the
American Red Cross during
World War I. After returning to his businesses,
Republican president
Herbert Hoover appointed him to the
Reconstruction Finance Corporation, despite Jones's
Democratic affiliation.
Secretary of Commerce
Jones later served under
Franklin Roosevelt as
Secretary of Commerce in
1940 — the same position he'd turned down a quarter-century before — and served until
1945, when he was forced out in favor of Roosevelt's outgoing
Vice President,
Henry A. Wallace.
Jones was alternately a revered and feared figure in
Houston and
Texas politics during his lifetime.
Lyndon Johnson, infuriated by Jones's power and arrogance, reportedly referred to him behind his back as "Jesus H. Jones."
Jones and his wife,
Mary Gibbs Jones, established
Houston Endowment Inc., a very large philanthropic institution.
Commemoration
The
University of Texas at Austin's College of Communication is named after Jones.
Baylor University's Jesse H. Jones Library is named after Jones.
Jones High School and
Texas Southern University Jesse H. Jones School of Business, and the Jesse H. Jones Rotary House Hotel [ahotel for MD Anderson Cancer patients and family members] all located in Houston, Texas were named after Jesse Jones. The Jones family had a strong influence on
Rice University as well, with the eponymous
Jesse H. Jones Graduate School of Management founded in large part by a gift from Houston Endowment Inc., and
Jones College named for Mary Gibbs Jones.
Bibliography
- Jones, Jesse H. Fifty billion dollars;: My thirteen years with the RFC, 1932-1945 (1951) detailed memoir by longtime chairman
- Paul A. C. Koistinen. Arsenal of World War II: The Political Economy of American Warfare, 1940-1945 (2004)
- Mason, Joseph R. "The Political Economy of Reconstruction Finance Corporation Assistance During the Great Depression." Explorations in Economic History 2003 40(2): 101-121. Issn: 0014-4983 Fulltext in Ingenta
- Olson, James S. Saving Capitalism: The Reconstruction Finance Corporation and the New Deal, 1933-1940. Princeton U. Press, 1988. 246 pp.
- Beryl Wayne Sprinkel. "Economic Consequences of the Operations of the Reconstruction Finance Corporation." The Journal of Business of the University of Chicago Vol. 25, No. 4 (Oct., 1952), pp. 211-224 online at JSTOR
- Gerald Taylor White, Billions for Defense: Government Financing by the Defense Plant Corporation During World War II (1980)
video: Strange, Eric, prod. "Brother, Can You Spare a Billion? The Story of Jesse H. Jones." (1999) Color and black and white. 57 min. Distributed by Houston Public Television, Houston, Tex.
Further Information
Get more info on 'Jesse Holman Jones'.
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