Is there any reason why the American people should be taxed to guarantee the debts of banks, any more than they should be taxed to guarantee the debts of other institutions, including merchants, the industries, and the mills of the country?
"Carter Glass" was a newspaper publisher and politician from Lynchburg, Virginia/Lynchburg, Virginia. He served many years in United States Congress/Congress as a member of the Democratic Party (United States)/Democratic Party. As House co-sponsor, he played a central role in the development of the 1913 Glass-Owen Act that created the Federal Reserve System. Glass subsequently served as the United States Secretary of the Treasury/U.S. Secretary of the Treasury under President Woodrow Wilson. Later elected to the Senate, he became widely known as co-sponsor of the Glass–Steagall Act of 1933, which enforced the separation of investment banking and commercial banking, and established the Federal Deposit Insurance Corporation (FDIC).
If you enjoy these quotes, be sure to check out other famous politicians! More Carter Glass on Wikipedia.This plan [to disenfranchise felons] will eliminate the darkey as a political factor in this State in less than 5 years, so that in no single county… will there be the least concern felt for the complete supremacy of the white race in the affairs of government.
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