William B. Franke

Franke was born in Troy, New York, the son of William G. and Helena E. (Birrell) Franke.[1] He was educated in Troy, and attended Pace College, where he graduated with a business degree and specialized in accounting.[1]

His career included position as an accountant, manager and executive with Cluett, Peabody & Company of New York City,[2] Naramore, Niles & Company of Rochester, New York and Touche, Nivin & Company of New York City.[1] He was later the senior partner in Franke, Hannon & Withey, a New York accountancy firm.[1] Franke was also a member of the board of directors of several other companies, including chairman of the board for the John Simmons Company of Newark, New Jersey and board of directors member for the General Shale Products Corporation of Johnson City, Tennessee and the Carolina, Clinchfield and Ohio Railway.[2][1] In 1935 and 1936 Franke attracted notice when he completed audits of Louisiana State University following the assassination of Huey P. Long that exposed inconsistencies in university records and finances.[1]

From 1948 to 1951, Franke was a member of the United States Army Controller's Civilian Panel.[2] He was a Special Assistant to the Secretary of Defense from 1951 to 1952.[2]

Franke served as Assistant Secretary of the Navy (Financial Management and Comptroller) from 1954 to 1957.[1] He served as Under Secretary of the Navy from April 1957 until June 1959.[2] As Secretary of the Navy at the end of the Eisenhower administration, Franke was instrumental in developing and implementing new, modern technology for the United States Navy, including the use of nuclear-powered warships.[1]

After retiring, he resided at his family's summer home, Pasture House, in Benson, Vermont.[3] He maintained an office in Rutland, where he worked as an investment counselor .[1] He was also a board of directors member and advisory board member for Vermont's Howard Bank.[1]

Franke died in Rutland after complications from gall bladder surgery.[1] He was buried at Fairview Cemetery in Benson.[4]

In 1948, Franke received the honorary degree of Doctor of Science from the University of Louisville.[2] In 1955, he received an honorary LL.D. from Pace College.[2] He was awarded the Army's Patriotic Civilian Commendation,[2] the Department of Defense's Distinguished Service Award, and the Medal of Freedom to recognize his work at the Department of Defense and Department of the Navy.[1]

Franke married the former Bertha Irene Ready of Schenectady, New York, who pre-deceased him.[1] They were the parents of three daughters, Phyllis, Anne, and Patricia.[1]