John C. Hull (politician)

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John Carpenter Hull
John Carpenter Hull.png
Speaker of the Massachusetts House of Representatives
In office
1925–1928
Preceded byBenjamin Loring Young
Succeeded byLeverett Saltonstall
Member of the
Massachusetts House of Representatives
11th Worcester House District[1][2]
In office
1916[1]–1928
Member of the
Leominster, Massachusetts
School Committee[1]
In office
1912–1915[1]
Moderator of the
Leominster, Massachusetts
Town Meeting[1]
In office
1912–1915[1]
Succeeded byNone-office abolished
Personal details
BornNovember 1, 1870
Portland, Maine
DiedJanuary 7, 1947(1947-01-07) (aged 76)
Boston, Massachusetts
Political partyRepublican[1]
Spouse(s)Harriet Johnson
Alma materBowdoin College, A.B., 1892; University of Michigan Law School, graduate of Harvard Law School.
ProfessionLawyer

John Carpenter Hull (November 1, 1870 – January 7, 1947) was the Speaker of the House of Massachusetts from 1925-1928, educator, lawyer, and the first Securities Director of Massachusetts. Duties now held the by Massachusetts Secretary of the Commonwealth William F. Galvin.[3]

Career in education[edit]

Hull was the headmaster of Fryeburg Academy in Fryeburg, Maine from 1892 to 1895,[4] and the principal of North Adams, Massachusetts High School from 1895 to 1902,[4] Milford, Massachusetts High School from 1902 to 1906,[4] and Leominster, Massachusetts High School from 1906 to 1911.[4]

First Securities Director of Massachusetts[edit]

In 1928, he entered into an eight person race for Lieutenant Governor of Massachusetts. Treasurer William S. Youngman won the highly competitive primary election by 21,099 votes over Speaker of the Massachusetts House of Representatives John C. Hull.[5]

Hull was the first Securities Director, appointed January 1930. His term would end in 1936.[6]

The Boston Stock Exchange rivaled the New York Stock Exchange during Wall Street Crash of 1929 and the Great Depression. Hull was helpful in the passing of the Securities Exchange Act of 1934 with his war on "unlisted securities" and gave testimony to the US Senate (Sen. Duncan Upshaw Fletcher) for work on the Pecora Commission.[7] The Pecora Commission revealed that neither Albert H. Wiggin (born Medfield MA) nor J. P. Morgan Jr. paid any income taxes in 1931 and 1932; a public outcry ensued.[8]

The "Fidelity Fund" became Fidelity Investments under Edward C. Johnson II; incorporated in Massachusetts, May 1, 1930. During the Great Depression, the "Fidelity Fund" was the only fund approved by Hull in his term in office as Securities Director for Massachusetts. [9]

Personal life[edit]

Hull was born November 1, 1870 in Deering, Maine.[4]

Education[edit]

Hull received his A.B. from Bowdoin College in 1892, he attended the University of Michigan Department of Law.[10][1]

See also[edit]

References[edit]

  1. ^ a b c d e f g h Howard, Richard T. (1925), Public Officials of Massachusetts 1925-1926, Boston, MA: The Boston Review, p. 90
  2. ^ Howard, Richard T. (1920), Public Officials of Massachusetts 1920, Boston, MA: The Boston Review, p. 192
  3. ^ https://digitalcommons.bowdoin.edu/cgi/viewcontent.cgi?article=1003&context=alumni-magazines[bare URL PDF]
  4. ^ a b c d e Bowdoin College (1912), General Catalogue of Bowdoin College, And The Medical School of Maine 1794-1912, Brunswick, Maine: Bowdoin College, p. 250
  5. ^ Number of assessed polls, registered voters and persons who voted in each voting precinct in the Commonwealth of Massachusetts at the state, city and town elections by Massachusetts. Office of the Secretary of State Publication date 1927-1928. pg. 102
  6. ^ 290 Acts, 1929. — Chap. 287. Chap. 2S7 An Act to provide for the more effective enforcement OF THE SALE OF SECURITIES ACT. IDENTIFIER : actsresolvespass1929mass Publication date 1663 Topics Session laws Publisher Boston : Secretary of the Commonwealth Collection state_library_mass; blc; americana Digitizing sponsor University of Massachusetts, Boston Contributor State Library of Massachusetts Language English Volume 1929
  7. ^ https://www.govinfo.gov/content/pkg/GPO-CRECB-1933-pt1-v77/pdf/GPO-CRECB-1933-pt1-v77-19.pdf[bare URL PDF]
  8. ^ "Tax History Project -- Historical Perspective -- Pecora Hearings Spark Tax Morality, Tax Reform Debate".
  9. ^ Moody's Manual of Investments, American and Foreign: Banks, insurance companies, investment trusts, real estate, finance and credit companies Jan 1944 Moody's Investors Service, pg. 754; FIDELITY FUND, INC. Incorporated in Massachusetts May 1, 1930. as an investment trust of the general man agement type. Officers: E. C. Johnson, 2d., Pres., E. C. Johnson, 2nd — Vice-Pres. & Treas.)
  10. ^ University of Michigan Department of Law (1903), University of Michigan. Department of Law Annual Announcement 1902-1903 and Catalogue of Students for 1902—1903, Ann Arbor, Michigan: The University of Michigan, p. 60
Massachusetts House of Representatives
Preceded by Speaker of the Massachusetts House of Representatives
1925 — 1928
Succeeded by