George L. Harrison
George L. Harrison
|2nd President of the Federal Reserve Bank of New York|
November 24, 1928 – December 31, 1940
|Preceded by||Benjamin Strong Jr.|
|Succeeded by||Allan Sproul|
|Born||January 26, 1887|
San Francisco, California
|Died||March 5, 1958 (aged 71)|
New York, New York
|Alma mater||Yale University (1910)|
Harvard Law School
Early life and educationEdit
Harrison was born in San Francisco, California on January 26, 1887. In 1909, at Yale, he was elected to the Skull and Bones secret society. He was graduated from Yale University in 1910 and Harvard Law School in 1913.
After serving as general counsel to the Federal Reserve Board, Harrison served as president of the Federal Reserve Bank of New York for 13 years starting in 1928. He left in 1941 to become president of New York Life Insurance Company.
During World War II, Harrison was War Secretary Henry L. Stimson's special assistant for matters relating to the development of the atomic bomb. One of Harrison's notable moments was when he informed Secretary Stimson of the success detonation of the atomic bomb testing in New Mexico. Specifically, he wrote that
“Doctor has just returned most enthusiastic and confident that the little boy is as husky as his big brother. The light in his eyes discernible from here to high hold and I could have heard his screams from here to my farm.”
The meaning of this quote is that the "Little Boy" atomic bomb (made of Uranium-235) was as successful as the "Fat Man" bomb (made of plutonium). The light from here to high hold refers how the detonation was visible from "here" in Washington, D.C. to Stimson's Highhold estate nearly 250 miles away on Long Island. The bomb was so loud that Harrison could hear the detonation from "here" in Washington, D.C. to his farm on Upperville, VA nearly 50 miles away.
After the successful development of the atomic bomb, he served with Stimson on the eight-member Interim Committee which examined problems expected to result from the bomb's creation and which recommended direct military use of the bomb against Japan without specific warning. Harrison chaired the committee when Stimson was absent.
Harrison returned to his position at New York Life after the war, becoming chairman of the company's board in 1948.
- "G.L. Harrison Heads Reserve Bank Here". New York Times. November 24, 1928. Retrieved 2012-10-28.
- "Taft's son elected to Skull and Bones". New York Times. 28 May 1909.
- "George L. Harrison Dead at 71; Headed Federal Reserve Here" (PDF). The New York Times. New York City. 6 March 1958. Retrieved 2 September 2016.
- Harrison's Biography at the Federal Reserve Bank of New York
- Newspaper clippings about George L. Harrison in the 20th Century Press Archives of the ZBW
Benjamin Strong Jr.
| President of the Federal Reserve Bank of New York