Statement from a Wall Street Banker
Subject(s): Bank reserves, Banking law, Banks and banking--Planning, Barney, Charles T. (Charles Tracy), 1851-1907, Clearinghouses (Banking), Financial crises, Gates, John Warne, 1855-1911, Heinze, F. Augustus (Frederick Augustus), 1869-1914, J.P. Morgan & Co., Knickerbocker Trust Company, New York, Morgan, J. Pierpont (John Pierpont), 1837-1913, Morse, Charlie, 1857-1933, New York (State)--New York--Wall Street, Tennessee Coal, Iron, and Railroad Company
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A Wall Street banker summarizes the Panic of 1907. They describe the weak banking laws which created the precarious conditions on Wall Street, and how J.P. Morgan & Co. took advantage of these conditions to achieve the “greatest financial confiscation the world has ever known.”
Comments and Context
This was enclosed in a letter dated 27 September, 1911, but that letter states it was written during 1907.
Collection
Library of Congress Manuscript Division
Creation Date
1907
Creator(s)
Language
English
Period
(1911-1912) Progressive Party Candidate
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:
Statement from a Wall Street Banker. [1907]. Library of Congress Manuscript Division.
https://www.theodorerooseveltcenter.org/digital-library/o305129. Theodore Roosevelt Digital Library. Dickinson State University.
MLA:
Unknown. Statement from a Wall Street Banker. [1907]. Multi-image.
Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University. March 5, 2026. https://www.theodorerooseveltcenter.org/digital-library/o305129.
APA:
Unknown., [1907]. Statement from a Wall Street Banker.
Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University.
Retrieved from https://www.theodorerooseveltcenter.org/digital-library/o305129.
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 5, 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.
