the Funds in the Episcopal Diocese of Virginia. He was served as the Under Secretary of the Treasury, from February 3, 1961, until April 10, 1964. He spent was the most of his time at Treasury working on passage of the administration's tax program, which included an $11.5 billion tax cut. He then he returned to private law practice as senior member of the Washington firm of Fowler, Leva, Hawes and Symington. When C. Douglas Dillon resigned, Fowler served as Secretary of the Treasury from April 1, 1965, to December 20, 1968, Fowler was known for his loyalty to Johnson throughout the administration's ups and downs. He was described as having "a ruddy face, southern charm and a conservative outlook". The major problems facing Fowler were inflation and the balance of payments deficit. In August 1967, Fowler began the fight for a 10 percent tax surcharge and saw the proposal passed by a House–Senate conference in June 1968. In the debate over the balance of payments deficit, Fowler was a proponent of the "go-slow" approach. Fowler organized a two-tier system for gold in 1968, and participated in the 1967–68 international agreements, which created a new international monetary reserve system called "special drawing rights". He proposed (1967) a seminar (taken up by then Chancellor of the Exchequer James Callaghan) of financial officials from rich countries, the forerunner of the Group of Five. He also ended silver coinage in the United States. After leaving the Treasury Department, Fowler became a partner with Goldman Sachs in New York City, New York. Death Fowler died of pneumonia in Alexandria, Virginia, on January 3, 2000. He was buried in Christ Church Cemetery in Alexandria. His wife died at age 97 on January 22, 2008, in her Alexandria home. Notes External links Time magazine cover: Henry H. Fowler, September 10, 1965 Roanoke College: Henry H. Fowler Public Policy Program A collection of works from Henry Fowler |- 1908 births 2000 deaths 20th-century American politicians Burials at Old Christ Church Episcopal Cemetery (Alexandria, Virginia) Deaths from pneumonia in Virginia Employees of the United States Senate Goldman Sachs people Lyndon B. Johnson administration cabinet members Politicians from Roanoke, Virginia Roanoke College alumni Truman administration personnel United States National Security Council staffers United States Secretaries of the Treasury Yale Law School alumni