Kankakee Valley Post, Volume 19, Number 35, DeMotte, Jasper County, 29 July 1949 — See Cabinet Post Honor For Hoosier [ARTICLE]

See Cabinet Post Honor For Hoosier

Frank McKinney Of Indianapolis May Be Named To Treasury Post By Truman

By Eugene J. Cadou,

INS Staff Correspondent Indianapolis, Ind., July 28. Friends of colorful Frank Edward j McKinney, of Indianapolis, said today he soon may become the first Hoosier in the presidential cabinet in a number of years. j Word circulated in Indianapolis today that McKinney soon will be s named by President Truman as Secretary of the Treasury, succeeding John Snyder, who may resign because of ill health. McKinney at 45 is a banker, radio broadcasting station owner: 1 proprietor _of baseball clubs and prominent Democratic leader. He is president of the Fidelity Trust Company of Indianapolis; president of the National League’s Pittsburgh Pirates, which has 14 faim teams, including the In-| dianapolis, Indiana, and president of Radio Station WISH, Indianapolis, and treasurer of the Democratic state committee. Some time ago, McKinney was offered the post of treasurer of the Democratic national committee, but refused it. He had become vvc 11 known to Eastern bank-■-m-q through service in the army j finance department in Washington during World War 11. leaving the service as a colonel. McKinney began his business | career as a bank messenger in ’T9I 9"Three later- he-• a bank bookkeeper and not long afterwards, was cashier. McKinney was treasurer of Marion County from 1934 to 1938 and collected a small-fortune in. fees for delinquent taxes, which during those depression times reached a new high. In 1930, lie became president of the Fidelity , Trust Company, the youngest; bank president in the nation. During McKinney’s regime, assets of the bank have mounted from two to 2-5 millions. McKinney, Crooner Bing Crosby and- two others own the Pirates j which broke home attendance re-' cords the first two years of their i ownership and probably will do so again this year. The Indianapolis Indians won the American Association pennant last year for the first time in 20 years. 1 The value of WISH Radio Sta-1 tion also has mounted during the one year McKinney has owned it. McKinney* is married, has a j daughter, 15, and son, aged 12 and 10.