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Higginson, Henry Lee, 1834-1919

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Letter from Theodore Roosevelt to Henry Lee Higginson

Letter from Theodore Roosevelt to Henry Lee Higginson

In addition to Henry Lee Higginson’s letter, President Roosevelt received many communications from individuals and businesses concerned about the economic downfall and panic. Roosevelt mostly agrees with Higginson, but is confused by some of his points. Roosevelt thinks the global economic circumstances have little to do with any action by his administration.

Collection

Library of Congress Manuscript Division

Creation Date

1907-08-12

Creator(s)

Roosevelt, Theodore, 1858-1919

Letter from Theodore Roosevelt to Henry Lee Higginson

Letter from Theodore Roosevelt to Henry Lee Higginson

Theodore Roosevelt agrees with most of Henry Lee Higginson’s letter. He particularly believes in the movement’s effort to protect the shareholders’ widows and orphans. Roosevelt comments on Edward Henry Harriman’s fortune. While he does not want to hurt Harriman’s small securities holders, there should be supervision to prevent future Harrimans from getting disproportionate rewards. It is easy to handle corrupt small businessmen by refusing their service, but the same is not possible with large businessmen. Roosevelt agrees with Higginson on the overall increase in commercial honesty, the effect of certain unions, and the classification of rebates. 

Collection

Library of Congress Manuscript Division

Creation Date

1911-03-02

Creator(s)

Roosevelt, Theodore, 1858-1919

Letter from Theodore Roosevelt to Henry Lee Higginson

Letter from Theodore Roosevelt to Henry Lee Higginson

President Roosevelt cannot accept the Tavern Club’s invitation, and asks Henry Lee Higginson to tell the people who invited him that he appreciates the courtesy. Roosevelt agrees with what Higginson says about the United States Steel Corporation and the Calumet and Hecla Mining Company, and is immensely interested in what Higginson told him about Agassiz’s action the previous year. Roosevelt thinks that if he writes a letter like Higginson suggested, he will be attacked for trying to give too much advice.

Collection

Library of Congress Manuscript Division

Creation Date

1908-11-20

Creator(s)

Roosevelt, Theodore, 1858-1919

Letter from Theodore Roosevelt to Henry Lee Higginson

Letter from Theodore Roosevelt to Henry Lee Higginson

President Roosevelt writes to Henry Lee Higginson about some of the actions that railroads and corporations have taken to try to influence public opinion regarding legislation in congress related to trusts and interstate commerce laws. Roosevelt agrees with Higginson about wanting a good system of banking and currency, and says that while Higginson may not like the bill put forward by Senator Nelson Wilmarth Aldrich, it is the only one that has been proposed.

Collection

Library of Congress Manuscript Division

Creation Date

1908-02-19

Creator(s)

Roosevelt, Theodore, 1858-1919

Letter from Theodore Roosevelt to Henry Lee Higginson

Letter from Theodore Roosevelt to Henry Lee Higginson

President Roosevelt is confused by what type of assistance Henry Lee Higginson is asking for concerning the “money market.” He believes it is the responsibility of the “railroad and corporation people”, or those who have exploited stocks, to reassure investors and the American people regarding railroad rate regulation. He also reminds Higginson that he is expanding upon the same regulations that already exist in Higginson’s home state of Massachusetts.  

Collection

Library of Congress Manuscript Division

Creation Date

1907-03-28

Creator(s)

Roosevelt, Theodore, 1858-1919