Letter from Franklin K. Lane to Theodore Roosevelt
Interstate Commerce Commissioner Lane suggests to President Roosevelt a few points concerning the regulation of railroads in the United States. Lane also mentions he talked over these suggestions with Frank B. Kellogg. One, the only men crying calamity are Wall Street Financiers. Two, the expansion of the railroads themselves have made it imperative to consider a national policy which will give greater security to stockholders and a surer guarantee of fair treatment to shippers. Three, railroads engaged in interstate traffic should not be allowed to hold or own directly or indirectly stock or bonds of any competing line of railroad.
Collection
Library of Congress Manuscript Division
Creation Date
1907-03-28