Letter from Leslie M. Shaw to George B. Cortelyou
Secretary of the Treasury Shaw returns a letter from Luther B. Wilson pertaining to the National Bank Act. Upon request of President Roosevelt, he then submits three observations about this act: the plan is too detailed; nine Currency Commissioners is too many – Shaw suggests a board of three; and no new government bonds should be issued because the country would never accept the issuance of new bonds during peace time. Shaw likens issuing bonds because banks want them to issuing money because the public wants it.
Collection
Library of Congress Manuscript Division
Creation Date
1902-04-11