Letter from George Washington Towle to Theodore Roosevelt
George Washington Towle asks Theodore Roosevelt if he understands the proposed legislation regarding the country’s banking interests. He discusses the two purposes of commercial banks and the “evil possibilities” of Nelson W. Aldrich’s proposal. Such legislation would put money under the control of a few powerful bankers, just as in Europe. The potential outcome would be worse than the Panic of 1907.
Collection
Library of Congress Manuscript Division
Creation Date
1911-11-14