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Postal savings banks

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Letter from George Washington Towle to Theodore Roosevelt

Letter from George Washington Towle to Theodore Roosevelt

George Washington Towle asks Theodore Roosevelt if he understands the proposed legislation regarding the country’s banking interests. He discusses the two purposes of commercial banks and the “evil possibilities” of Nelson W. Aldrich’s proposal. Such legislation would put money under the control of a few powerful bankers, just as in Europe. The potential outcome would be worse than the Panic of 1907.

Collection

Library of Congress Manuscript Division

Creation Date

1911-11-14

Creator(s)

Towle, George Washington, 1836-1914

Planks for the platform

Planks for the platform

President Roosevelt and William H. Taft carry the “tariff revision” plank from the “Roosevelt saw-mill” run by “the big stick” saw. Beside Roosevelt and Taft are the “anti-injunction plank” and the “postal savings banks” and the “do-somethingism” planks.

comments and context

Collection

Library of Congress Manuscript Division

Creation Date

1908-06-13