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Paul Morton thanks William Loeb for the letter. He is disappointed the bankers disagree on plans of currency reform and believes a central bank in New York with branches in other major cities is the solution. Reform needs to happen. Morton believes James A. Peabody is uniquely qualified to be a member of the Interstate Commerce Commission.
Library of Congress Manuscript Division
1907-11-12
William Emlen Roosevelt advises President Roosevelt that in the aftermath of the current banking panic, new regulation is unnecessary, as the business community itself will “take hold of the situation,” removing bad actors and practices.
Library of Congress Manuscript Division
1907-10-29
Senator Aldrich sends a copy of his new book Money and Credit to President Roosevelt. Aldrich also indicates that with the gold standard secured, more financial relief legislation by Congress is unnecessary at this time and, since any further legislation would be revolutionary, it should be enacted slowly.
Library of Congress Manuscript Division
1904-05-26
Herman Henry Kohlsaat visited President Roosevelt at Sagamore Hill for the third time in two months. Kohlsaat claimed that his visit had no public significance and did not pertain to rumored changes in the Cabinet. He did speak with Roosevelt regarding financial legislation.
Library of Congress Manuscript Division
1903-08-24