Financial and commercial review
Subject(s): Banks and banking, Congresses and conventions, Cotton trade--Costs, Frick, Henry Clay, 1849-1919, Gary, Elbert H. (Elbert Henry), 1846-1927, Governmental investigations, Loans, Roosevelt, Theodore, 1858-1919, Sanders, Jared Young, 1869-1944, Tennessee Coal, Iron, and Railroad Company, Trusts, Industrial, United States Steel Corporation
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The First National Bank of Birmingham comments on the recent Governors and Commissioners of Agriculture conference investigating the decrease in cotton sales price despite increased production. The Bank reports on the discouraging situation surrounding the government’s dissolution of the United States Steel Corporation. It is “simply absurd” to think that the Panic of 1907 was deliberately caused to acquire the Tennessee Coal, Iron, and Railroad Company. Birmingham citizens knew that before its acquisition, the Company’s stock did not have loanable value, and its credit was impaired. Since its acquisition, the Company aided in developing the local district, improvements which have been delayed due to the dissolution. Overall economic conditions in the district are favorable, although the upcoming presidential election could alter commercial and manufacturing activity.
Collection
Library of Congress Manuscript Division
Creation Date
1911-11-01
Creator(s)
First National Bank of Birmingham
Language
English
Period
Progressive Party Candidate (1911-1912)
Page Count
4
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:
Financial and commercial review. [November 1, 1911]. Library of Congress Manuscript Division. Library of Congress Manuscript Division.
https://www.theodorerooseveltcenter.org/digital-library/o305289. Theodore Roosevelt Digital Library. Dickinson State University.
MLA:
First National Bank of Birmingham. Financial and commercial review. [1 Nov. 1911]. Multi-image.
Library of Congress Manuscript Division. Library of Congress Manuscript Division.
Theodore Roosevelt Digital Library. Dickinson State University. December 11, 2025. https://www.theodorerooseveltcenter.org/digital-library/o305289.
APA:
First National Bank of Birmingham., [1911, November 1]. Financial and commercial review.
Library of Congress Manuscript Division. Library of Congress Manuscript Division.
Retrieved from https://www.theodorerooseveltcenter.org/digital-library/o305289.
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 11, 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.
