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National banks (United States)--Law and legislation

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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

Changes in the National Bank Act

Changes in the National Bank Act

John L. Hamilton recommends several amendments to the National Banking Act. He suggests a non-partisan currency commission of nine members to take the place of the comptroller of currency, makes provisions for the failure of the National Bank, and provides stipulations for US Treasury bonds. Hamilton argues that if the financial system had been under supervision of the national government, they would not have fallen into the current panic.

Collection

Library of Congress Manuscript Division

Creation Date

1897

Creator(s)

Hamilton, John L. (John Lawrence), 1862-1927

Letter from Ebenezer J. Hill to Theodore Roosevelt

Letter from Ebenezer J. Hill to Theodore Roosevelt

Representative Hill tells President Roosevelt that he has heard a “great deal of agitation” on the subject of currency. Hill is satisfied that the conflicting House and Senate committees on banking and currency will come to a resolution regarding national banking. Hill thinks it “of the utmost importance” that the financial legislation have a chance to take effect before the presidential campaign commences. Hill explains differences between the Aldrich Bill and the previous Hill-Fowler Bill, which he was co-author of, when it comes to the deposit of public monies into banks. The Republican Party will support any proposition that both committees agree upon, as will House Speaker Joseph Gurney Cannon.

Collection

Library of Congress Manuscript Division

Creation Date

1903-07-18

Creator(s)

Hill, Ebenezer J., 1845-1917