Letter from Theodore Roosevelt to Henry Lee Higginson
Theodore Roosevelt agrees with most of Henry Lee Higginson’s letter. He particularly believes in the movement’s effort to protect the shareholders’ widows and orphans. Roosevelt comments on Edward Henry Harriman’s fortune. While he does not want to hurt Harriman’s small securities holders, there should be supervision to prevent future Harrimans from getting disproportionate rewards. It is easy to handle corrupt small businessmen by refusing their service, but the same is not possible with large businessmen. Roosevelt agrees with Higginson on the overall increase in commercial honesty, the effect of certain unions, and the classification of rebates.
Collection
Library of Congress Manuscript Division
Creation Date
1911-03-02