He has the distinction of being one of the very few in New Jersey who have served as Secretary of a local Building and Loan Association continuously for a period of 25 years.
Godfrey, a Republican, represented Atlantic County in the New Jersey General Assembly for three terms and was appointed Speaker of the House in 1915.
To seek support for his candidacy, he staged a dinner at the Traymore Hotel that was attended by prominent politicians and businessmen throughout New Jersey, but the nomination eventually went to the leading contender, Walter Evans Edge, also of Atlantic County, who subsequently was elected the 36th Governor of New Jersey.
He directed the movement that obtained five miles of Atlantic City ocean front for park purposes and secured the necessary legislation.
Godfrey and his wife Annie lived in Atlantic City and raised four sons, Carlton Jr., Samual, Philip, and Russell.