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Document identity
localId
270627304
label
White House Press Release
core
doc
dtoType
document
citationUrl
pageCount
1
Source metadata
id
270627304
contentType
document
title
White House Press Release
citationUrl
collections
White House Press Release Files (Truman Administration)
White House Press Releases
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1
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naId
270627304
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item
productionDates
day
12
logicalDate
1945-12-12
month
12
year
1945
recordType
description
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nara-archive
Single page context
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1
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0
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photo
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a7e76d2b28907c38
ocrText
371-A
December 12, 1945
CITATION TO ACCOMPANY THE AWARD OF
THE MEDAL FOR MERIT
TO
FRUILD
NARA
HENRY MORGENTHAU, JR.
:
Henry Morgenthau, Jr., Secretary of the Treasury,
1934-1945, for exceptionally meritorious conduct in the
performance of outstanding services in such office. Under
his supervision, the Treasury Department, through the sales
of bonds, raised two hundred billion dollars with which to
finance our defense and war activities. This great achieve-
ment was accompanied by a substantial reduction in the average
rate of interest on the public debt He participated in for-
mulating and administering a wartime Federal. tax program which
raised unprecedented tax revenues with a minimum disturbance
to the domestic economy. He contributed inmeasurably to the
close fiscal cooperation which this Government has had with
its allies during the war. His many years of activity and
accomplishment in the field of international monetary stabi-
lization bore fruit in the Bretton Woods Agreements for an
International Monetary Fund and Bank, ratified by the Congress
early this year. In the days prior to our entrance into the
war, both before and after the enactment of the lend-lease
legislation, he was in the forefront in facilitating and
urging aid to our allies. His vision, skill, and determina-
tion in financing the war, in preserving the stability of
our domestic economy during the difficult war period, and
in fostering international fiscal cooperation are exemplary
of the highest standards of civilian services to the United
States.
HARRY S. TRUMAN
THE WHITE MOUSE OFFICG