Letter from Theodore Roosevelt to Henry White
Subject(s): Banks and banking, Central, Banks and banking, International, Chamberlain, Joseph, 1836-1914, England, Financial crises, Gladstone, W. E. (William Ewart), 1809-1898, Presidents--Public opinion
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President Roosevelt agrees with Ambassador White that it is natural for people to treat their current situations as a permanent condition, as exemplified by Americans regarding the current financial crisis as if it will last forever while ignoring similar crises they have already overcome. Roosevelt agrees that a central bank would be a useful tool to combat future financial crises, but worries about the corrupting power a position in the bank could have. White’s suggestion for an international conference to discuss preventative measures is similarly agreeable although Roosevelt believes Americans are still too insular to appreciate the interconnected nature of modern global finance.
Collection
Library of Congress Manuscript Division
Creation Date
1907-11-27
Creator(s)
Roosevelt, Theodore, 1858-1919
Recipient
Language
English
Period
U.S. President – 2nd Term (March 1905-February 1909)
Repository
Library of Congress Manuscript Division
Page Count
3
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 Henry White. [November 27, 1907]. Library of Congress Manuscript Division. Library of Congress Manuscript Division.
https://www.theodorerooseveltcenter.org/digital-library/o200881. Theodore Roosevelt Digital Library. Dickinson State University.
MLA:
Roosevelt, Theodore, 1858-1919. Letter from Theodore Roosevelt to Henry White. [27 Nov. 1907]. Multi-image.
Library of Congress Manuscript Division. Library of Congress Manuscript Division.
Theodore Roosevelt Digital Library. Dickinson State University. December 12, 2025. https://www.theodorerooseveltcenter.org/digital-library/o200881.
APA:
Roosevelt, Theodore, 1858-1919., [1907, November 27]. Letter from Theodore Roosevelt to Henry White.
Library of Congress Manuscript Division. Library of Congress Manuscript Division.
Retrieved from https://www.theodorerooseveltcenter.org/digital-library/o200881.
Cite this Collection
Chicago:
Library of Congress Manuscript Division. 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. Library of Congress Manuscript Division.
Theodore Roosevelt Digital Library. Dickinson State University. December 12, 2025. https://www.theodorerooseveltcenter.org/collection/library-of-congress-manuscript-division.
APA:
Library of Congress Manuscript Division. Library of Congress Manuscript Division.
Retrieved from https://www.theodorerooseveltcenter.org/collection/library-of-congress-manuscript-division.
