Draft of a letter from Theodore Roosevelt to George B. Cortelyou
Subject(s): Banks and banking, Bonds, Currency crises, Money, Panama, United States. Department of the Treasury, United States. Dept. of the Treasury
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In the draft of a letter marked “Canceled” at the top, President Roosevelt tells Secretary of the Treasury Cortelyou he approves the issuing of currency and Panama bonds as proposed. Roosevelt has also received word of a currency bill being considered in Congress that would help settle the situation. He emphasizes, however, that business conditions in the United States are still fundamentally sound, and that citizens should not panic and stop trusting banks, or start hoarding savings. As long as people go about their business as usual, everything will be fine and circulation will return to normal.
Collection
Library of Congress Manuscript Division
Creation Date
1907-11-16
Creator(s)
Roosevelt, Theodore, 1858-1919
Recipient
Cortelyou, George B. (George Bruce), 1862-1940
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:
Draft of a letter from Theodore Roosevelt to George B. Cortelyou. [November 16, 1907]. Theodore Roosevelt Papers. Library of Congress Manuscript Division.
https://www.theodorerooseveltcenter.org/digital-library/o200770. Theodore Roosevelt Digital Library. Dickinson State University.
MLA:
Roosevelt, Theodore, 1858-1919. Draft of a letter from Theodore Roosevelt to George B. Cortelyou. [16 Nov. 1907]. Multi-image. Theodore Roosevelt Papers. Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University. December 2, 2025. https://www.theodorerooseveltcenter.org/digital-library/o200770.
APA:
Roosevelt, Theodore, 1858-1919.: , [1907, November 16]. Draft of a letter from Theodore Roosevelt to George B. Cortelyou. Theodore Roosevelt Papers. Library of Congress Manuscript Division.
Retrieved from https://www.theodorerooseveltcenter.org/digital-library/o200770.
Cite this Collection
Chicago:
Library of Congress Manuscript Division. Theodore Roosevelt Papers. 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 Papers. Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University. December 2, 2025. https://www.theodorerooseveltcenter.org/collection/library-of-congress-manuscript-division.
APA:
Library of Congress Manuscript Division. Theodore Roosevelt Papers. Library of Congress Manuscript Division.
Retrieved from https://www.theodorerooseveltcenter.org/collection/library-of-congress-manuscript-division.
