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Barney, Charles T. (Charles Tracy), 1851-1907

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Letter from Theodore Roosevelt to Douglas Robinson

President Roosevelt diagnoses the root cause of the current financial crisis as the public’s lack of confidence caused by the revelations of corrupt practices among several prominent businessmen. In fact, Roosevelt believes such a crisis was inevitable in light of dishonest business practices, and that his policies merely exposed them sooner than expected. Despite this, Roosevelt cannot regret his decisions and can only resolve to do what he can to restore confidence.

Collection

Library of Congress Manuscript Division

Creation Date

1907-11-16

Creator(s)

Roosevelt, Theodore, 1858-1919

Letter from Theodore Roosevelt to Alexander Lambert

President Roosevelt tells Alexander Lambert that whether or not he is responsible for the current financial panic, he will be held responsible for it. Roosevelt is not sure if he can do anything to allay the panic, but he will not abandon his anti-trust policies. He believes that imprisoning just a few men, such as Charlie Morse, Augustus Heinze, and Charles T. Barney (who died of self-inflicted wounds on 14 November 1907) would accomplish more than anything else. Roosevelt thanks Lambert for forwarding the bear skins to the taxidermist John Murgatroyd, and is anxious to be done with the bear hunting article he is working on.

Collection

Library of Congress Manuscript Division

Creation Date

1907-11-01

Creator(s)

Roosevelt, Theodore, 1858-1919

Letter from Joseph Bucklin Bishop to Theodore Roosevelt

Joseph Bucklin Bishop, Secretary to the Isthmian Canal Commission, asks President Roosevelt when he will issue the medals he had promised American employees the last time he had visited the Canal Zone, remarking that their work has noticeably improved since his visit. Bishop is shocked to hear of Charles T. Barney’s death by suicide following his forced resignation from the Knickerbocker Trust Company and considers it a “lesson of consequences of the craze for wealth.”

Collection

Library of Congress Manuscript Division

Creation Date

1907-11-28

Creator(s)

Bishop, Joseph Bucklin, 1847-1928

Letter from Joseph Bucklin Bishop to Theodore Roosevelt

Secretary to the Isthmian Canal Commission Bishop recounts an encounter he had with Charles T. Barney, the deposed president of the Knickerbocker Trust Company who recently died of a self inflicted wound, the previous summer. Barney remarked that if President Roosevelt were to run for a third term, “he will get none of my money!” causing Bishop to observe the overlap between wealthy Americans and Roosevelt’s opposition.

Collection

Library of Congress Manuscript Division

Creation Date

1907-11-20

Creator(s)

Bishop, Joseph Bucklin, 1847-1928

Statement from a Wall Street Banker

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