Early Life
Davies was born in Watertown, Wisconsin to Welsh-born parents Edward and Rachel (Paynter) Davies. He attended the University of Wisconsin Law School from 1898 to 1901, where he graduated with honors. Upon graduation, he returned to Watertown and began a private practice. He served as a delegate to the Wisconsin Democratic Convention in 1902. He moved to Madison in 1907, and became chairman of the Democratic Party of Wisconsin.
Davies played an important role in ensuring that the western states and Wisconsin gave Woodrow Wilson their vote at the 1912 Democratic National Convention. Wilson made Davies head of his entire western campaign. As a reward for being critical in winning Wilson the election, Wilson named Davies head of the Bureau of Corporations. Davies was instrumental in the formation of the Bureau's successor organization, the Federal Trade Commission, and served as its first chairman from 1915 to 1916. At President's Wilson's request when Senator Paul O. Husting of Wisconsin suddenly died in 1917, Davies retired from the FTC in order to run for the open seat in a special election. He lost to Republican Irvine Lenroot in a pivotal election which denied Democrats control of the U.S. Senate. President Wilson appointed Davies to serve as an economic advisor to the United States during the Paris Peace Conference following World War I.
After the electoral loss, Davies went into private legal practice in Washington D.C.. In 1933 Rafael Trujillo engaged Davies to work for him when he tried to settle his country's debt.
Davies most famous law case was when he defended former Ford Motor Company stockholders against a $30,000,000 suit the US Treasury Department brought against them for back taxes. Davies proved his clients did not owe the government anything but that his clients were to receive a $3,600,000 refund. The case – which took three years to litigate (from 1924 to 1927) - brought him the largest fee in the history of the D.C. bar, $2,000,000.
Davies represented politicians, labor leaders and minority groups but his specialty was as an antitrust attorney. His corporate clients included Seagrams, National Dairy, Copley Publishing, Anglo-Swiss, Nestle, Fox Films and many others. In 1937 his law firm was: Davies, Richberg, Beebe, Busick and Richardson, in DC.
In 1901 Davies married Mary Emlen Knight, daughter of Civil War Colonel John Henry Knight, a leading conservative Democrat and business associate of William Freeman Vilas and Jay Cooke. They were divorced in 1935. His second wife was General Foods heiress Marjorie Merriweather Post, whom he married in 1935; the couple divorced in 1955.
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