Letter from Theodore Roosevelt to Charles J. Bonaparte
Subject(s): Antitrust law, Financial crises, Frick, Henry Clay, 1849-1919, Gary, Elbert H. (Elbert Henry), 1846-1927, Tennessee Coal, Iron, and Railroad Company, Trusts, Industrial, United States Steel Corporation
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President Roosevelt informs Attorney General Bonaparte of a meeting he had with Judge Elbert H. Gary and Henry Clay Frick regarding the potential failure of an important Wall Street firm, Moore and Schley. The firm is heavily invested in the Tennessee Coal, Iron and Railroad company. Gary and Frick propose that the United States Steel Company purchase that stock from the firm to prevent its failure. This purchase could expose United States Steel to an antitrust attack from the government, but Gary and Frick explain why it would not constitute a monopoly, and feel strongly that preventing the firm’s failure would be in everyone’s best interest. Roosevelt told them that while he could not advise them to take the proposed action, he felt it was not his duty to tell them not to.
Collection
Library of Congress Manuscript Division
Creation Date
1907-11-04
Creator(s)
Roosevelt, Theodore, 1858-1919
Recipient
Bonaparte, Charles J. (Charles Joseph), 1851-1921
Language
English
Period
U.S. President – 2nd Term (March 1905-February 1909)
Repository
Library of Congress Manuscript Division
Page Count
2
Production Method
Record Type
Multi-image
Resource Type
Rights
These images are presented through a cooperative effort between the Library of Congress and Dickinson State University. No known restrictions on publication.
Citation
Cite this Record
Chicago:
Letter from Theodore Roosevelt to Charles J. Bonaparte. [November 4, 1907]. Library of Congress Manuscript Division.
https://www.theodorerooseveltcenter.org/digital-library/o200625. Theodore Roosevelt Digital Library. Dickinson State University.
MLA:
Roosevelt, Theodore, 1858-1919. Letter from Theodore Roosevelt to Charles J. Bonaparte. [4 Nov. 1907]. Multi-image.
Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University. March 13, 2026. https://www.theodorerooseveltcenter.org/digital-library/o200625.
APA:
Roosevelt, Theodore, 1858-1919., [1907, November 4]. Letter from Theodore Roosevelt to Charles J. Bonaparte.
Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University.
Retrieved from https://www.theodorerooseveltcenter.org/digital-library/o200625.
Cite this Collection
Chicago:
Library of Congress Manuscript Division. https://www.theodorerooseveltcenter.org/collection/library-of-congress-manuscript-division. Theodore Roosevelt Digital Library. Dickinson State University.
MLA:
Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University. March 13, 2026. https://www.theodorerooseveltcenter.org/collection/library-of-congress-manuscript-division.
APA:
Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University. Retrieved from https://www.theodorerooseveltcenter.org/collection/library-of-congress-manuscript-division.
