Bank reserves

Secretary of the Treasury Shaw writes to President Roosevelt about F. E. Lyford’s suggestion that the government should accept certified checks instead of requiring currency. According to Shaw, requiring cash does not contribute to the “nonelastic character of our present currency system,” and he does not agree with Lyford’s recommendations regarding national bank notes. Shaw claims that Lyford has not sufficiently analyzed the matter.

Collection

Library of Congress Manuscript Division

Creation Date

1906-12-01

Creator(s)

Shaw, Leslie M. (Leslie Mortier), 1848-1932

A Wall Street banker summarizes the Panic of 1907. They describe the weak banking laws which created the precarious conditions on Wall Street, and how J.P. Morgan & Co. took advantage of these conditions to achieve the “greatest financial confiscation the world has ever known.”

Collection

Library of Congress Manuscript Division

Creation Date

1907

Creator(s)

Unknown

Secretary of the Treasury Shaw writes to Senator Allison to discuss money and bank reserves, as well as finance legislation.

Collection

Library of Congress Manuscript Division

Creation Date

1903-07-29

Creator(s)

Shaw, Leslie M. (Leslie Mortier), 1848-1932