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Hamilton, John L. (John Lawrence), 1862-1927

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The address of John L. Hamilton

The address of John L. Hamilton

In an address to the American Bankers Association, John L. Hamilton comments on the growth of the organization’s annual conventions, the enlargement of the executive council, and the organization’s aid sent for the San Francisco Earthquake relief effort. Hamilton then discusses the need for bank examinations to help deter bank failures, the responsibility the press bears for sensationalizing such failures, and his opposition to federal, state, or municipal ownership of public utilities. He praises President Roosevelt and Secretary of the Treasury Leslie M. Shaw for their leadership in financial matters, which has supported the country’s rapid growth. He believes new federal laws are needed to ensure this continues, and he urges members of the association to work for legislation that is in the interests of the country as a whole.

Collection

Library of Congress Manuscript Division

Creation Date

1906-10

Creator(s)

Hamilton, John L. (John Lawrence), 1862-1927

Changes in the National Bank Act

Changes in the National Bank Act

John L. Hamilton recommends several amendments to the National Banking Act. He suggests a non-partisan currency commission of nine members to take the place of the comptroller of currency, makes provisions for the failure of the National Bank, and provides stipulations for US Treasury bonds. Hamilton argues that if the financial system had been under supervision of the national government, they would not have fallen into the current panic.

Collection

Library of Congress Manuscript Division

Creation Date

1897

Creator(s)

Hamilton, John L. (John Lawrence), 1862-1927