Carter Glass Quotes
... an altruistic institution ... a distinctly nonpartisan organization whose functions are to be wholly divorced from politics.
Describing the intention for the Federal Reserve System:
Carter Glass, 1858-1946, U. S. Congressman & U. S. Senator (Democrat, VA), U. S. Secretary of the Treasury, Senate Debate on the Federal Reserve Act, 1913
Sourced by: Eigen's Political and Historical Quotations
Carter Glass was an American newspaper publisher and Democratic politician from Lynchburg, Virginia. He represented Virginia in both houses of Congress and served as the United States Secretary of the Treasury under President Woodrow Wilson. He played a major role in the establishment of the U.S. financial regulatory system, helping to establish the Federal Reserve System and the Federal Deposit Insurance Corporation.