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National banks (United States)

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Concentration in industry

Charles Richard Van Hise speaks of the nuances present in monopolies and unrestricted competition in the American economy. Van Hise gives the railroads system as an example of successful use of commissions with no price competition. His thesis proposes there can be great economic advantage to maintain a concentration of industry and therefore those corporations should not be broken up by enforcing the Sherman Act. Instead, commissions should be created to determine prices and Van Hise provides a list of powers these commissions should have and how to achieve success.

Collection

Library of Congress Manuscript Division

Creation Date

1911-11-09

Letter from Theodore Roosevelt to Emory Speer

President Roosevelt informs Judge Speer that his letter has been received. The question of whether the Merchants National Bank should continue to be a depository of national funds has been brought to the attention of the Treasury Department.

Collection

Library of Congress Manuscript Division

Creation Date

1909-01-21

Letter from Henry Cabot Lodge to Theodore Roosevelt

Senator Lodge encloses an article from the Boston Globe which gives an account of a speech he gave advocating for the Navy. He also encloses a second article which he says misrepresents his speech. That article reports that Secretary of the Navy Victor Howard Metcalf denounced Lodge’s views. Lodge also complains about the speeches that Comptroller of the Currency Lawrence O. Murray has been making, which are spreading unnecessary fear and helping William Jennings Bryan’s argument about national banks.

Collection

Library of Congress Manuscript Division

Creation Date

1908-10-14

Memorandum for the Secretary

This memorandum states that the author has visited the Comptroller of the Currency regarding the Beaver National Bank, and comments on the best course of action to handle a check.

Collection

Library of Congress Manuscript Division

Creation Date

1908-02-15

Letter from Thomas E. Watson to Theodore Roosevelt

Thomas E. Watson assures President Roosevelt he has no doubt Roosevelt will act as always, “with manliness, with promptitude, and with just as much independence as the case requires.” Concerning the financial situation, he believes the system of credit and confidence is tottering. Watson further lays out his opinions, concluding with his thoughts on issuing Treasury notes. While he wants to visit, he is currently fulfilling all the duties of his printing company. He will do his best and professes his continued support of Roosevelt. In a postscript, Watson thinks that while William Jennings Bryan is a good talker, he would not make a satisfactory executive.

Collection

Library of Congress Manuscript Division

Creation Date

1907-11-14

Letter from Paul Morton to Theodore Roosevelt

Paul Morton responds to President Roosevelt’s request that he criticize a memorandum from Treasurer Treat on currency reform.

Collection

Library of Congress Manuscript Division

Creation Date

1906-10-20

Letter from John A. Sleicher to Theodore Roosevelt

John A. Sleicher asks President Roosevelt for “one or two good, stirring sentences” that he could use in conjunction with a cartoon he is creating for the magazine Judge to help the Republican ticket in Pennsylvania. In addition, Sleicher is glad Roosevelt has come out for Herbert Parsons, who will need all the help he can get. Sleicher also suggests that the Secretary of the Treasury make his examination of national banks as carefully and as conservatively as possible in order to give a feeling to the people of greater security in the national banking system.

Collection

Library of Congress Manuscript Division

Creation Date

1906-08-30

To the people of the United States

Under the pseudonym Nestor, the writer addresses the people of the United States ahead of the upcoming Constitutional Convention. He outlines four main problems with the country’s current form of government and suggests changes and a new form of government to fix them. In particular, he suggests two houses of congress, an executive branch, and the federal government minting money. Nestor also desires the founding of a university to train men in all matters of politics and government.

Collection

Library of Congress Manuscript Division

Creation Date

1786-11-06

Letter from William Emlen Roosevelt to Theodore Roosevelt

William Emlen Roosevelt expresses his concern about the possible promotion of Edward Ridgely, then Assistant National Bank Examiner. Emlen Roosevelt does not reveal his sources, but stresses that Ridgely is “unfit” for his present position and that his character “might be inquired into” should President Roosevelt receive his name for promotion.

Collection

Library of Congress Manuscript Division

Creation Date

1903-05-28