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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President Roosevelt has considered Secretary of the Treasury Cortelyou’s proposal and approves the issuing of currency and Panama bonds. He has also received word of a currency bill being considered in Congress that would help settle the situation. Roosevelt emphasizes, however, that business conditions in the United States are still fundamentally sound, and that citizens should not panic, 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
1907-11-17
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:
Letter from Theodore Roosevelt to George B. Cortelyou. [November 17, 1907]. Library of Congress Manuscript Division.
https://www.theodorerooseveltcenter.org/digital-library/o200786. Theodore Roosevelt Digital Library. Dickinson State University.
MLA:
Roosevelt, Theodore, 1858-1919. Letter from Theodore Roosevelt to George B. Cortelyou. [17 Nov. 1907]. Multi-image.
Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University. February 27, 2026. https://www.theodorerooseveltcenter.org/digital-library/o200786.
APA:
Roosevelt, Theodore, 1858-1919., [1907, November 17]. Letter from Theodore Roosevelt to George B. Cortelyou.
Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University.
Retrieved from https://www.theodorerooseveltcenter.org/digital-library/o200786.
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. February 27, 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.
