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