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Ludwig Nissen suggests that Secretary of the Treasury Shaw make an effort to stop newspapers from discrediting the economic policies of the administration. Nissen tells Shaw that newspapers should give him more credit for helping businessmen, rather than portraying him as helping speculators.
Library of Congress Manuscript Division
1906-10-24
William Henry Porter writes to William Emlen Roosevelt. Porter worries about issuing a special currency unless it is a temporary emergency measure and discusses what he believes are the minimum and maximum taxation and interest rates for such currency.
Library of Congress Manuscript Division
1906-10-22
John Claflin writes to President Roosevelt about suggested changes noted on the enclosed document. Claflin advises to “make apparent the influence that high call money in New York has on the rate for commercial loans throughout the country.” Claflin is glad Roosevelt has taken interest in improving the nation’s currency.
Library of Congress Manuscript Division
1906-09-25
Paul Morton gives President Roosevelt his assessment on the currency question and other economic matters, and suggests that he contact Charles A. Conant or Frank A. Vanderlip if he wants unofficial expert advice. Morton likes the idea of Roosevelt issuing a manifesto on Cuba and suggests that there will never be a better time for it.
Library of Congress Manuscript Division
1906-09-14
Secretary of the Treasury Shaw notifies President Roosevelt that call money has been commanding a high rate of interest for nearly two weeks, but it dropped significantly today. Shaw encloses a letter he gave out, and tells Roosevelt that he believes this is evidence of a manipulated market.
Library of Congress Manuscript Division
1906-09-07
This article examines the question of whether President Roosevelt will call Congress into a special session to consider the proposed modifications of banking and currency laws. Interviews with Senator Henry Cabot Lodge reveal that a special session is set for November 9, 1903. J. Pierpont Morgan and George W. Perkins do not believe the special session to consider a currency bill is unnecessary, but that if one is called, it should occur as soon as possible. The writer believes that Roosevelt chose November, rather than October, for the special session because of the November elections of local and national importance. Creating a new currency bill is difficult, and anything that comes out of Congress, in order to satisfy the financial interests, Congress, and the American people, will need to be a compromise.
Library of Congress Manuscript Division
1903-07-18