Marion Bayard Folsom
Marion Folsom, business leader and civil servant, was born on this site on November 23, 1893. In 1914 he joined the Eastman Kodak Company where he helped design one of the nation's first company sponsored retirement insurance plans. Appointed by President Franklin Roosevelt to the Advisory Council on Economic Security in 1934, he helped develop the Social Security Act of 1935. Folsom resigned from Kodak in 1953 to become Under Secretary of the Treasury, where he oversaw the first complete federal tax law revision since 1874. President Eisenhower appointed him Secretary of Health, Education and Welfare, serving from 1955 to 1958. Folsom died in 1974 and is buried in Arlington National Cemetery.
Marker is on College Street 0 miles west of 2nd Avenue, on the right when traveling west.
Courtesy hmdb.org
