Eugene Isaac Meyer.jpg

Eugene Isaac Meyer

Financier. Meyer Family owned the Washington Post. Father to Kartherine Graham. University of California, Berkeley (dropped out after one year) and enrolled at Yale University.

1954, Invested in Zapata Off-Shore Company. President was George H.W. Bush (S&B1948).

18 June 1946 to 4 Dec 1946 - 1st President of the World Bank Group

Suceeded by John J.Mcloy (CFR. See Warren Commission)

1946 - On moving to the World Bank, Eugene past the position of publisher to Graham.

16 Sept 1930 to 10 May 1933 - 5th Chairman of the Federal Reserve (resigned).

Meyer has been criticized as Fed Chairman for not attacking the economic catastrophe of the early 1930s with monetary stimulus, thus allowing the banking crisis to get out of hand and deepening the economic collapse. One of his biggest critics at the time condemned Meyer along with J. P. Morgan, Andrew Mellon and Ogden Mills as being the Four Horsemen of the Apocalypse.[1,6] More recent critics include Nobel laureate Milton Friedman and his fellow economist Anna Schwartz who, in their landmark book A Monetary History of the United States, put forth the argument that the Fed could have lessened the severity of the Depression, but failed to exercise its role of managing the monetary system and ameliorating banking panics.[1,7]

1933 - bought The Washington Post at a bankruptcy auction.

1927 - President Calvin Coolidge named him as chairman of the Federal Farm Loan Board.

1915 - Worth $40 million.[1]

15 Apr 1912 - His son, Edgar Joseph Meyer died on the Titanic. Aged 28. His wife and 1 year old daughter survived.

Has was a successful investor and speculator, and owned a seat on the New York Stock Exchange.

1910 - Married Agnes Elizabeth Ernst, Lutheran

1895 - Graduated Yale University.

Died 17 Jul 1959 From TBC. Age 83.

[1] - FYI - Wiki - Eugene Meyer

[2] - Find a Grave - Brother - Edgar Joseph Meyer, died on the Titanic. Age 28

[3] - Find a Grave - Wife of Edgar Joseph Meyer

[4] - NY Times, 2 Sep 1970, Mrs. Agnes Meyer Dies at 83; Writer Active in Social Causes