Letter from George Washington Towle to Theodore Roosevelt
Subject(s): Aldrich, Nelson W. (Nelson Wilmarth), 1841-1915, Banking law, Banks and banking, Postal savings banks, United States. Department of the Treasury, United States. Dept. of the Treasury
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George Washington Towle asks Theodore Roosevelt if he understands the proposed legislation regarding the country’s banking interests. He discusses the two purposes of commercial banks and the “evil possibilities” of Nelson W. Aldrich’s proposal. Such legislation would put money under the control of a few powerful bankers, just as in Europe. The potential outcome would be worse than the Panic of 1907.
Collection
Library of Congress Manuscript Division
Creation Date
1911-11-14
Creator(s)
Towle, George Washington, 1836-1914
Recipient
Roosevelt, Theodore, 1858-1919
Language
English
Period
Progressive Party Candidate (1911-1912)
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 George Washington Towle to Theodore Roosevelt. [November 14, 1911]. Theodore Roosevelt Papers. Library of Congress Manuscript Division.
https://www.theodorerooseveltcenter.org/digital-library/o72294. Theodore Roosevelt Digital Library. Dickinson State University.
MLA:
Towle, George Washington, 1836-1914. Letter from George Washington Towle to Theodore Roosevelt. [14 Nov. 1911]. Multi-image. Theodore Roosevelt Papers. Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University. December 2, 2025. https://www.theodorerooseveltcenter.org/digital-library/o72294.
APA:
Towle, George Washington, 1836-1914.: , [1911, November 14]. Letter from George Washington Towle to Theodore Roosevelt. Theodore Roosevelt Papers. Library of Congress Manuscript Division.
Retrieved from https://www.theodorerooseveltcenter.org/digital-library/o72294.
Cite this Collection
Chicago:
Library of Congress Manuscript Division. Theodore Roosevelt Papers. 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 Papers. Library of Congress Manuscript Division. Theodore Roosevelt Digital Library. Dickinson State University. December 2, 2025. https://www.theodorerooseveltcenter.org/collection/library-of-congress-manuscript-division.
APA:
Library of Congress Manuscript Division. Theodore Roosevelt Papers. Library of Congress Manuscript Division.
Retrieved from https://www.theodorerooseveltcenter.org/collection/library-of-congress-manuscript-division.
