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Ridgely, William Barret, 1858-1920

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Letter from Theodore Roosevelt to William Barret Ridgely

Letter from Theodore Roosevelt to William Barret Ridgely

President Roosevelt informs William Barret Ridgely, Comptroller of the Currency, that he refrains from offering any advice concerning the Chemical Bank as he holds stock in this bank and is personally acquainted with the directors. Roosevelt tells Ridgely to continue his work with any other bank and to pay no attention to his personal connections with Chemical.   

Collection

Library of Congress Manuscript Division

Creation Date

1907-02-28

Creator(s)

Roosevelt, Theodore, 1858-1919

Letter from Theodore Roosevelt to William Barret Ridgely

Letter from Theodore Roosevelt to William Barret Ridgely

President Roosevelt was largely satisfied by Comptroller of the Currency Ridgley’s explanation of his actions, agreeing that it is important to exercise discretion to not disturb business interests too much. He suggests, however, that it would be worth chastising some of the institutions that have behaved similarly to John R. Walsh, as a lesson to the to the business community. (Walsh had been indicted earlier in 1906 as president of the Chicago National Bank for violation of banking laws and misappropriation of funds.)

Collection

Library of Congress Manuscript Division

Creation Date

1906-06-28

Creator(s)

Roosevelt, Theodore, 1858-1919

Copy of letter of the directors of the Chicago National Bank

Copy of letter of the directors of the Chicago National Bank

The directors of the Chicago National Bank report to Comptroller of the Currency, William Barret Ridgely, on the status of several of their outstanding loans and bond purchases, mostly concentrated in railroads and mining. (The bank would fail in December of that year.)

Collection

Library of Congress Manuscript Division

Creation Date

1905-07-12

Creator(s)

Smyth, John M., 1843-1909; McNally, Fred G. (Frederick George), 1865-1907; Best, William, 1841-1919; Walsh, John R., 1836 or 1837-1911; Blount, Frederick M., 1853-1928