Julian Haskell Scarborough

Julian Haskell Scarborough
Portrait of Scarborough c. 1914
13th South Carolina Treasurer
In office
1926–1934
GovernorThomas Gordon McLeod
John Gardiner Richards Jr.
Ibra Charles Blackwood
Preceded byS. T. Carter
Succeeded byE. P. Miller
Personal details
Born(1891-06-16)June 16, 1891
Bishopville, South Carolina, U.S.
DiedMarch 19, 1970(1970-03-19) (aged 78)
Resting placeGreenlawn Memorial Park
PartyDemocratic
SpouseMary Claire Peterson
Children1
EducationFurman University
Yale University
OccupationPolitician, bank executive
Military service
AllegianceUnited States
Branch/serviceUnited States Army
Years of service
1917–1919
RankFirst Lieutenant
UnitUnited States Army Ambulance Service
Battles/warsWorld War I

Julian Haskell "J.H." Scarborough (June 16, 1891 – March 19, 1970) was an American politician and bank executive who served as the 13th South Carolina Treasurer and as a member of the South Carolina House of Representatives and South Carolina Senate. He played a critical role in ensuring South Carolina received needed loans and federal funds during the Great Depression. Scarborough later served as a bank president within the Farm Credit System.

Early life and education

Scarborough was born on June 16, 1891 in Bishopville, South Carolina, the son of Orlando Calhoun Scarborough and Mary Ella Ambrose.[1][2] He was a 1912 graduate of Furman University and of Yale University in 1914, where he was a member of Beta Theta Pi.[3][1][4]

Career

Military service

During World War I, Scarborough served in the United States Army Ambulance Service with the French Army. He was commissioned as a first lieutenant and served in Belgium with the 77th French Infantry for one year. He was discharged in 1919.[2]

Public service

Scarborough served in the South Carolina House of Representatives from 1921 to 1923. He later served in the South Carolina Senate representing Clarendon County from 1923 to 1926.[5][6]

He resigned from the Senate in January 1926 when he was sworn in as South Carolina Treasurer, serving two terms from 1926 to 1934.[7] He also served as the chairman of the state board of bank control.

In 1928, Scarborough oversaw the redemption of the state's "deficiency blue bonds," a $4,000,000 issue dating to 1888. The retirement of the 40-year bonds reduced the state debt by $400,000, against total interest payments of $720,000 over the bonds' lifetime.[8]

Six months before the Wall Street crash of 1929, Scarborough traveled Columbia to New York City to secure funds for the state's ordinary running expenses until tax revenues became available, carrying notes totaling $3,500,000.[9]

In 1933, Scarborough worked with Farm Credit Administration officials to successfully extend the agency's farm-mortgage relief program to South Carolina. The plan refinanced farm mortgages held by closed and restricted banks. At that time, the state had 413 closed banks. Scarborough initiated a county-by-county campaign to implement the program.[10]

Bank executive

After his service as treasurer, Scarborough became a general agent with the Farm Credit Administration. He was later appointed as the president of the Federal Land Bank in South Carolina.[11][12][13] In the 1950s, he served on the board of the First National Trust Bank.[14]

Death

Scarborough died on March 19, 1970.[7]

References

  1. 1 2 History of the Class of Niniteen-hundred and Fourteen: Yale College. Yale University Press. 1914.
  2. 1 2 Legislative Manual - General Assembly of South Carolina. General Assembly of South Carolina. 1921.
  3. ↑ Bēta Thēta Pī. Bēta Thēta Pī. 1913.
  4. ↑ The Beta Theta Pi. 1915.
  5. ↑ "South Carolina During the 1900s - The 75th General Assembly (1923-1924)". www.carolana.com. Retrieved 2026-07-24.
  6. ↑ "The Political Graveyard: Index to Politicians: Scacco to Schafe". politicalgraveyard.com. Retrieved 2026-07-24.
  7. 1 2 Bailey, N. Louise; Morgan, Mary L.; Taylor, Carolyn R. (1986). Biographical Directory of the South Carolina Senate, 1776-1985. University of South Carolina Press. ISBN 978-0-87249-479-4.
  8. ↑ "Deficiency Bonds Are Being Retired". Spartanburg Herald-Journal. 1928-07-08. p. 1.
  9. ↑ "State Officers Go North For Money". The Newberry Observer. 1929-04-05. p. 1.
  10. ↑ "Farm Credit Body Extends Farm Mortgage Plan Into South Carolina". Spartanburg Herald-Journal. 1933-07-13. p. 3.
  11. ↑ "Some Hot Words Pass at Hearing". Spartanburg Herald-Journal. 1940-04-04. p. 6.
  12. ↑ "Land Bank Loans Increasing". Spartanburg Herald-Journal. 1946-11-01. p. 1.
  13. ↑ "Credit Leaders Open Meet Here". The Spokesman-Review. 1949-08-30. p. 6.
  14. ↑ "Simpson New First National Trust Officer". Rome News-Tribune. 1959-01-19. p. 2.
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