Carter Glass Quotes


... an altruistic institution ... a distinctly nonpartisan organization whose functions are to be wholly divorced from politics.


Context

Describing the intention for the Federal Reserve System:


Citations

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

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Carter Glass
Carter Glass
  • Born: January 4, 1858
  • Died: May 28, 1946
  • Nationality: American
  • Profession: Politician

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.