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Higginson, Henry Lee, 1834-1919

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Letter from Henry Lee Higginson to Theodore Roosevelt

Letter from Henry Lee Higginson to Theodore Roosevelt

Henry Lee Higginson felt obligated to bring the volatility of the stock market to President Roosevelt’s attention, and sent a telegram earlier in the day. While the market leveled out by the end of the day, Higginson does not believe it will last unless investors are reassured by a statement from Roosevelt and the Interstate Commerce Commission. The railroad industry in particular requires support. Higginson makes it clear that his concern is not just for the wealthy, but that the “multitude” is being affected by the financial crisis.

Collection

Library of Congress Manuscript Division

Creation Date

1907-03-26

Creator(s)

Higginson, Henry Lee, 1834-1919

Letter from Henry Lee Higginson to Theodore Roosevelt

Letter from Henry Lee Higginson to Theodore Roosevelt

Henry Lee Higginson thanks Theodore Roosevelt for the recent letter, and finds that they are almost entirely in agreement. Higginson comments on the conduct of Edward Henry Harriman, particularly during the financial panics, finding him to have acted rashly or unscrupulously. Harriman was only one of many who acted this way though, and Higginson feels that while these sorts of dishonest or unscrupulous actions should be stopped, the individual should not necessarily be punished.

Collection

Library of Congress Manuscript Division

Creation Date

1911-03-04

Creator(s)

Higginson, Henry Lee, 1834-1919

Letter from Henry Lee Higginson to Theodore Roosevelt

Letter from Henry Lee Higginson to Theodore Roosevelt

Henry Lee Higginson recently heard Theodore Roosevelt speak, and offers his thoughts on the speech. He largely agrees with Roosevelt’s views, but offers his own opinion on Roosevelt’s point about the presumed honesty of small businessmen, and explains his own views on how he would like the public to view corporations. Higginson wishes people could see that corporations are also run by people, and can be instruments of good, even while he admits that government supervision of them is not bad. In a long postscript, Higginson continues elaborating on a number of topics, including how standards of products have changed for the better, railroad rebates, and how people’s upbringing can shape how they interact with the world.

Collection

Library of Congress Manuscript Division

Creation Date

1911-02-25

Creator(s)

Higginson, Henry Lee, 1834-1919

Letter from Henry Lee Higginson to William Loeb

Letter from Henry Lee Higginson to William Loeb

Henry Lee Higginson returns letters from Secretary of the Treasury George B. Cortelyou and of Professor F. W. Taussig. Higginson asserts that Taussig is not a reliable source from whom to understand the opinion of the business community. He believes the extent of the depression in the stock market was great, but he does not regard it as a matter of consequence to the speculative market. Such corrections are to be expected. However, the railroads are hesitant to build more track until the future legislation and its effect on rates is understood.

Collection

Library of Congress Manuscript Division

Creation Date

1907-05-04

Creator(s)

Higginson, Henry Lee, 1834-1919

Letter from Henry Lee Higginson to Theodore Roosevelt

Letter from Henry Lee Higginson to Theodore Roosevelt

Henry Lee Higginson offers President Roosevelt his opinions and critiques about current economic policies in the United States, especially pertaining to the Treasury Department and to railroads. Higginson believes the Treasury should circulate more money and is against the policy of holding it out of circulation. He also believes that railroad owners and investors should be able to reap the benefits of the risks they take in investing in railroad stock.

Collection

Library of Congress Manuscript Division

Creation Date

1907-04-24

Creator(s)

Higginson, Henry Lee, 1834-1919

Letter from Henry Lee Higginson to Theodore Roosevelt

Letter from Henry Lee Higginson to Theodore Roosevelt

Henry Lee Higginson beseeches President Roosevelt to send federal troops to Telluride, Colorado. Bulkeley Wells, manager of the Smuggler-Union Mines, alerted Higginson of the boycott strikes in which armed union miners threatened and murdered non-union miners. Higginson asks that Roosevelt meet with Rodolphe Luis Agassiz, son of Alexander Agassiz, regarding the matter.

Collection

Library of Congress Manuscript Division

Creation Date

1903-11-19

Creator(s)

Higginson, Henry Lee, 1834-1919

Letter from Henry Lee Higginson to Theodore Roosevelt

Letter from Henry Lee Higginson to Theodore Roosevelt

Henry Lee Higginson discusses financial matters and United States currency. Higginson writes of a meeting with Secretary of the Treasury Leslie M. Shaw and a number of bank presidents, as well as a recent conversation with Senator Henry Cabot Lodge. Higginson asserts the need to draft a Banking and Currency Bill for review by the United States Congress.

Collection

Library of Congress Manuscript Division

Creation Date

1903-11-06

Creator(s)

Higginson, Henry Lee, 1834-1919

Letter from Henry Lee Higginson to Theodore Roosevelt

Letter from Henry Lee Higginson to Theodore Roosevelt

Henry Lee Higginson believes the coal supply can be increased from Canada and Great Britain by removing the duty on coal. There is an increased need for coal due to the Anthracite Strike. People do not like bituminous coal, which is in abundant supply. The only group to reliably produce anthracite coal is the Metropolitan Coal Company, one of the trusts that the public opposes.

Collection

Library of Congress Manuscript Division

Creation Date

1902-12-26

Creator(s)

Higginson, Henry Lee, 1834-1919