Letter from Theodore P. Shonts to Theodore Roosevelt
Subject(s): Cortelyou, George B. (George Bruce), 1862-1940, Deneen, Charles Samuel, 1863-1940, Depressions, New York Stock Exchange, Railroads and state
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Theodore P. Shonts is concerned about the financial uncertainty that is shaking the country. Railroads are defaulting on loans, the value of investments is shrinking, and many investors are selling off their stocks, flooding the market and driving prices even lower. Shonts suggests that President Roosevelt could calm fears by making a statement of the government’s future intentions regarding the railroads. Shonts also proposes that George B. Cortelyou, recently named Secretary of the Treasury, visit New York and offer to meet with financiers, either individually or as a group, to try to identify solutions.
Collection
Library of Congress Manuscript Division
Creation Date
1907-03-23
Creator(s)
Shonts, Theodore P. (Theodore Perry), 1856-1919
Recipient
Roosevelt, Theodore, 1858-1919
Language
English
Period
U.S. President – 2nd Term (March 1905-February 1909)
Repository
Library of Congress Manuscript Division
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:
Letter from Theodore P. Shonts to Theodore Roosevelt. [March 23, 1907]. Library of Congress Manuscript Division. Library of Congress Manuscript Division.
https://www.theodorerooseveltcenter.org/digital-library/o55720. Theodore Roosevelt Digital Library. Dickinson State University.
MLA:
Shonts, Theodore P. (Theodore Perry), 1856-1919. Letter from Theodore P. Shonts to Theodore Roosevelt. [23 Mar. 1907]. 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/o55720.
APA:
Shonts, Theodore P. (Theodore Perry), 1856-1919., [1907, March 23]. Letter from Theodore P. Shonts to Theodore Roosevelt.
Library of Congress Manuscript Division. Library of Congress Manuscript Division.
Retrieved from https://www.theodorerooseveltcenter.org/digital-library/o55720.
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.
