Draper was born in 1885 in Washington,DC. Upon completing his bachelor's degree from Amherst College in 1906,he worked as a clerk in New York City.
From 1912 to 1920,he became president of American Creosoting Company,a company that used creosote to preserve railroad ties for the railroads of the early 1900s.[1] However,the years 1918 to 1919 required him to take time from his company to serve as senior grade lieutenant in the U.S. Naval Reserve Force during World War I. As an officer in the Navy,he wrote the naval textbook Lectures in Navigation[2] and the official report A Plan for Maintaining the Naval Auxiliary Reserve After the War.[3] From his experience in writing the lectures in sea navigation,he wrote the 1919 book Navigating the Ship which was published by the publishing company David Van Nostrand.[4][5]
He later became treasurer and vice president of the Hills Brothers Company,a date packing company,during the years 1920 to 1935. In 1934,he became a member of the National Labor Board;and in 1936,he had completed his masters of arts degree from Amherst College.[6]
Career
On August 5,1935,Draper was appointed by President Franklin D. Roosevelt as assistant secretary of commerce at the United States Department of Commerce. U.S. Commerce Secretary Daniel C. Roper (1933-1938) had stated:[7]
Mr. Draper has been a valuable member of the Business Advisory Council[a] and thus has developed an appreciation of the common problems which the government and business are endeavoring to work out in harmony.
He was later appointed by President Roosevelt to the Board of Governors of the Federal Reserve,and started as member of the board on March 30,1938. As a member of the Board,Draper focused on the role of small business. He published Small Business and Its Credit Problem in The Washington Post and Goods and Dollars in World Trade in the 1944 Federal Reserve Bulletin. He has on multiple occasions represented the Board before United States Congress as well as in academic settings.
He was a member of the following organizations:[8][9]
The New York State Commission on Unemployment (1930-1935)
↑ The Business Council was created by Commerce Secretary Roper and investment banker Sidney Weinberg. The original name of the organization was the Business Advisory Council for the United States Department of Commerce
↑ Ernest G. Draper & Walter R. Gardner, 1944. "Goods and dollars in world trade," Federal Reserve Bulletin, Board of Governors of the Federal Reserve System (U.S.), issue Nov, pages 1049-1053.
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