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Financial legislation

Financial legislation

Text of a speech delivered by Senator Hansbrough before the Bankers’ Association of North Dakota. He begins his speech by pointing out that that the financial speculations on Wall Street have “no relation to healthy business conditions.” According to Hansbrough, when stock brokers find themselves in trouble they appeal to Congress to “save the country.” Hansbrough also discusses the impact of an increase in banks across the country. The speech closes with an emphasis on Hansbrough’s faith in the “American country banker.”

Collection

Library of Congress Manuscript Division

Creation Date

1903-08-28

Sober second thought

Sober second thought

The financial community will likely oppose President Roosevelt’s nomination as the Republican presidential candidate due to his actions surrounding the Northern Securities Company. However, action against Northern Securities likely prevented speculation and the creation of other securities on a large scale, thus protecting the financial community. Wall Street will oppose Roosevelt but he will be nominated and elected no matter the opposition.

Collection

Library of Congress Manuscript Division

Creation Date

1903-06-12