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Letter from William H. Taft to Theodore Roosevelt

Letter from William H. Taft to Theodore Roosevelt

Secretary of War Taft reviews the history of a proposed meeting between President Roosevelt and representatives of railroad interests. Banker Harry Bowly Hollins, being “fearful of a financial panic through the country,” believed that public confidence could be restored by President Roosevelt meeting with representatives of the railroads about their adherence to the Rate Bill. At first, it was thought the meeting should be with railroad presidents, but subsequently, a meeting with J. Pierpont Morgan was deemed to be better. Having discussed the proposal with Roosevelt, Taft relayed the latter’s doubts about the usefulness of such a meeting, but that he was willing to meet with Morgan, as long as everyone understood it was not at his request.

Collection

Library of Congress Manuscript Division

Creation Date

1907-03-11

Creator(s)

Taft, William H. (William Howard), 1857-1930

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

Banking & currency address

Banking & currency address

In his speech on banking and currency, Andrew Carnegie compares the government bond-backed American banking system to the gold-backed European and Canadian systems and advocates for a switch from bonds to gold in American banks. Bonds are not a stable backing for currency and war could cause values to fluctuate. Carnegie is in favor of slowly, gradually, and cautiously switching to the gold standard.

Collection

Library of Congress Manuscript Division

Creation Date

1908-02-14

Creator(s)

Carnegie, Andrew, 1835-1919

Letter from William Emlen Roosevelt to Theodore Roosevelt

Letter from William Emlen Roosevelt to Theodore Roosevelt

President Roosevelt’s cousin, William Emlen Roosevelt, was relieved to receive word that Alice Roosevelt Longworth is doing well. His wife, Christine Griffin Kean Roosevelt, has been resting due to a sprained ankle. Emlen hopes people will believe President Roosevelt now that he has reaffirmed he will not seek a third term. The banks are still struggling financially, and Emlen believes that the New York banks need more assistance than those in the West. He hopes to mitigate panic among “small depositors” at the Savings Banks and will be carefully looking over their published statements as well as those of the insurance companies on January 1.

Collection

Library of Congress Manuscript Division

Creation Date

1907-12-13

Creator(s)

Roosevelt, William Emlen, 1857-1930

Letter from Leslie M. Shaw to Theodore Roosevelt

Letter from Leslie M. Shaw to Theodore Roosevelt

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

Memorandum on Dominican debt matter

Memorandum on Dominican debt matter

This memorandum presents a brief history of the various plans surrounding the matter of the debt settlement of the Dominican Republic. An initial plan was prepared by William J. Salomon & Co., with Speyer & Co. being “cognizant of and participants in the proposed ‘plan’.” This plan was ultimately withdrawn, and a more favorable plan was proposed by Kuhn, Loeb & Co., which was accepted. Following this, Speyer & Co. independently approached the government of the Dominican Republic with a proposal, which was rejected.

Collection

Library of Congress Manuscript Division

Creation Date

1906-08-14

Creator(s)

Hollander, Jacob H. (Jacob Harry), 1871-1940

The political Uncle Tommers

The political Uncle Tommers

Aboard a ship carrying cotton are several people – a man labeled “McAdoo,” also identified as “St. Clair,” a young girl labeled “Miss Columbia,” also identified as “Little Eva,” the figure of a man with a large coin for a head, labeled “National Currency,” also identified as “Uncle Tom,” and a large man labeled “Wall Street Banking Interests,” also identified as “Slave-driver Haley,” holding a whip labeled “Credit” and the chain labeled “Control” that binds to servitude the “National Currency.” Caption: Little Eva — Oh, Papa, won’t you buy him for me?

Collection

Library of Congress Prints and Photographs

Creation Date

1913-10-22

Creator(s)

Keppler, Udo J., 1872-1956