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Ted Theodore
Ted Theodore 1931.jpg
Treasurer of Australia
In office
29 January 1931 – 6 January 1932
Prime Minister James Scullin
Preceded by James Scullin
Succeeded by Joseph Lyons
In office
22 October 1929 – 9 June 1930
Prime Minister James Scullin
Preceded by Earle Page
Succeeded by James Scullin
Deputy Leader of the Labor Party
In office
5 February 1929 – 19 December 1931
Leader James Scullin
Preceded by Arthur Blakeley
Succeeded by Frank Forde
Member of Parliament
for Dalley
In office
26 February 1927 – 19 December 1931
Preceded by William Mahony
Succeeded by Sol Rosevear
20th Premier of Queensland
Elections: 1920, 1923
In office
22 October 1919 – 26 February 1925
Monarch George V
Deputy John Fihelly
William Gillies
Governor Hamilton Goold-Adams
Matthew Nathan
Preceded by T. J. Ryan
Succeeded by William Gillies
4th Deputy Premier of Queensland
In office
1 June 1915 – 22 October 1919
Premier T. J. Ryan
Preceded by Thomas O'Sullivan
Succeeded by John Fihelly
Personal details
Born
Edward Granville Theodore

(1884-12-29)29 December 1884
Port Adelaide, Province of South Australia, British Empire
Died 9 February 1950(1950-02-09) (aged 65)
Edgecliff, New South Wales, Australia
Resting place South Head Cemetery, Bronte
Political party Labor
Spouse
Esther Mahoney
(m. 1909)
Relations Stephen (brother)
Children 4

Edward Granville Theodore (born December 29, 1884 – died February 9, 1950) was an important Australian politician. He served as the Premier of Queensland from 1919 to 1925. Later, he became the Treasurer of Australia in the federal government led by James Scullin. Theodore was known for his strong ideas about how the government could help people and the economy.

Early Life and Work

Edward Theodore was born in Port Adelaide, South Australia, in 1884. His father was from Romania and his mother was from England. Edward left school when he was only 12 years old.

He spent the next ten years working in different jobs across Australia. He worked in gold mines in Western Australia and on guano (bird droppings used as fertilizer) mining crews. He also prospected for copper and tin. In 1906, he moved to Queensland.

Starting in Politics

In Queensland, Theodore became very involved in the labour movement. This movement worked to improve conditions for workers. He helped start a union called the Amalgamated Workers' Association. This union grew to become the largest in Australia, the Australian Workers' Union (AWU). Theodore became the Queensland state president of the AWU in 1913.

In 1909, when he was just 24, Theodore was elected to the Queensland Legislative Assembly. This was Queensland's state parliament. When the Labor Party won the state election in 1915, Theodore became the Treasurer of Queensland. He was also in charge of Public Works.

Premier of Queensland

In 1919, Theodore became the Premier of Queensland. At this time, Queensland was the only Australian state with a Labor government. He was a popular leader. People even started talking about him becoming a federal leader.

His government introduced many new ideas to help the economy and workers. They set up several state-owned businesses. They also brought in new rules to make sure businesses were fair and to improve working conditions. Because of these ideas, some people called him "Red Ted."

One big change Theodore made was getting rid of the Queensland Legislative Council in 1922. This was the upper house of Queensland's parliament. Queensland is still the only Australian state that does not have an upper house.

Theodore's government also helped with education, especially for people with disabilities and those in isolated areas. They made it easier for adults to vote in local elections. Workers got benefits like unemployment schemes and better safety rules. There were also improvements in housing and support for farmers. Theodore won two state elections before he decided to leave state politics in 1925 to try for a seat in the federal parliament.

Federal Politics and the Great Depression

Theodore tried to enter federal politics in 1925 but lost his first election. However, two years later, he won a special election in Sydney for the seat of Dalley.

In 1929, he became the Deputy Leader of the Labor Party under James Scullin. When Scullin became Prime Minister in October 1929, Theodore became the Treasurer and was effectively the Deputy Prime Minister.

Dealing with the Great Depression

Just two days after Theodore became Treasurer, the US stock market crashed. This led to the Great Depression, a time of huge economic hardship around the world. Australia's economy, which relied on exports, was hit very hard. Many people lost their jobs.

Theodore believed the government should spend more money to help the economy recover. This was a new idea at the time. However, some other politicians wanted a more traditional approach, which meant cutting government spending.

In July 1930, Theodore had to resign as Treasurer. There were questions about his business dealings when he was Premier of Queensland. This event was known as the "Mungana affair".

Without Theodore, the government struggled even more. When it became clear that he would not be charged with any crime, Prime Minister Scullin asked Theodore to return as Treasurer in January 1931. This caused some other ministers to resign in protest.

Theodore and Scullin
Theodore with Prime Minister James Scullin in December 1929

In 1931, Theodore faced the biggest economic crisis in Australia's history. He suggested a plan to print more money to help farmers and small businesses. This idea was called "fiduciary notes." However, banks and many economists thought this was a bad idea. The plan was eventually rejected by the Australian Senate.

In late 1931, the Labor Party split over these economic disagreements. This led to an election in December. Theodore lost his own seat in this election. He was only 47 when he left politics. He was the only sitting Treasurer to lose his seat until 2022.

Life After Politics

After leaving politics, Theodore started a very successful business career.

Newspaper Business

In 1932, Theodore teamed up with a young man named Frank Packer. They bought a struggling newspaper and planned to rename it The Star. However, a rival newspaper company paid them a large sum of money not to publish a daily newspaper for three years.

Theodore used this money to invest in other newspaper businesses. He and Frank Packer then decided to create a new weekly magazine for women. This magazine was called The Australian Women's Weekly. It became incredibly popular. In 1936, Theodore and Packer joined with another company to form Australian Consolidated Press (ACP). Theodore became the chairman of this new company.

Gold Mining in Fiji

In 1933, Theodore learned that gold had been found in Fiji. He decided to invest in this discovery. He formed a group with Frank Packer and others to explore the area. They eventually set up three successful gold mines: Emperor, Loloma, and Dolphin. Theodore became the managing director of all three.

He cared about the miners' well-being. He advised the government on health benefits and workers' compensation. The mining town had schools, sports facilities, and a hospital. Theodore's success in Fiji led to him being asked to look for gold in other places like Borneo and the Solomon Islands. He even lived in Fiji for a time.

Helping During World War II

In 1942, during World War II, Prime Minister John Curtin asked Theodore to help organize Australia's resources for the war effort. Theodore agreed to lead the Allied Works Council. He also created the Civil Constructional Corps (CCC). This group was responsible for building things the military needed.

Theodore faced some challenges in this role, but he worked hard to get the job done. He eventually left the position in October 1944.

E. G. Theodore
Theodore (1945), by William Pidgeon

Later Years and Legacy

After the war, Theodore continued his business work in Fiji. However, in 1947, he was diagnosed with a serious heart condition. His health got worse, and he started to hand over his business responsibilities to his children. He resigned from ACP in 1949.

Edward Theodore died on February 9, 1950, at the age of 65. He was buried in South Head Cemetery in Sydney.

Historians believe that the questions about his business dealings likely stopped Theodore from becoming Prime Minister. However, he is still seen as one of the most talented Labor politicians who never held that top job.

Named in his honour

Several places and things have been named after Edward Theodore:

  • Theodore, a town in Queensland.
  • Electoral district of Theodore, an election area in Queensland.
  • Theodore, a suburb in Canberra.
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