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.
Collection
Library of Congress Manuscript Division
Creation Date
1903-07-18
Creator(s)
Unknown