Carter Glass

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Glass, Carter,

1858–1946, American politician, U.S. Secretary of the Treasury (1918–20), U.S. Senator from Virginia (1920–46), b. Lynchburg, Va. He learned the printer's trade and became owner of the Lynchburg Daily News and Daily Advance. Glass became prominent in local politics, then served (1902–18) in the House of Representatives. As chairman of the House Committee on Banking and Currency, he was active in the framing of the Federal Reserve SystemFederal Reserve System,
central banking system of the United States. Established in 1913, it began to operate in Nov., 1914. Its setup, although somewhat altered since its establishment, particularly by the Banking Act of 1935, has remained substantially the same.
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. In 1918 he became Secretary of the Treasury under President Wilson, but in 1920 he resigned to become Senator from Virginia by appointment. Elected Senator for the balance of the term, he was reelected four times, serving until his death. He violently opposed President Franklin Delano Roosevelt's monetary and New Deal policies, but supported Roosevelt's foreign policy.


See biography by R. Smith and N. Beasely (1939, repr. 1972).

Glass, Carter

(1858–1946) newspaper publisher, U.S. representative/senator; born in Lynchburg, Va. Starting at age 14 as a printer's assistant on his father's newspaper, he became an editor and by 1895 owned three newspapers. An active Democrat, he served in the Virginia senate and then in the U.S. House of Representatives (1902–18); there he sponsored the act that established the Federal Reserve System (1913). He served as secretary of the treasury (1918–20), leaving to fill a vacancy in the U.S. Senate, where he served until his death (1920–46). A fiscal conservative and a defender of states' rights, he often opposed New Deal legislation, but he supported the League of Nations and the U.S. role in World War II.
References in periodicals archive ?
Carter Glass influenced a news report that resulted in his being accused of hoarding flour during World War I while at the Blackstone Institute.
After Flannagan defended amendments to the Agricultural Adjustment Act, which Byrd opposed, Byrd wrote to his colleague Carter Glass that "Flannagan .
During the summer and fall of 1938, Carter Glass played the leading role in organizing opposition to the Roberts appointment in the Senate.
Carter Glass, who had played a major role in the adoption of the discriminatory suffrage article in the state's 1902 constitution, quickly came to the defense of the poll tax.
In June 1939, Carter Glass responded to the speculation with a prediction that Byrd "will lick the pants off whoever may run against him.
After the convention, he wrote Carter Glass that the meeting had "turned out very satisfactorily.
Byrd to Carter Glass, July 11,1934, Box 139, Byrd Papers; Martin A.
Carter Glass," New York Times, February 9, 1939, p.
12; Carter Glass to Edwin P Watson, November 3, 1939, Box 9, Watson Papers.
From 1918 to 1921, the Vice Governorship had three occupants--Paul Warburg, Albert Strauss, and Edmund Platt--and the office of Secretary of the Treasury and Chairman of the Board had four--William McAdoo, Carter Glass, David Houston, and Andrew W.
Crack is the drug of choice in inner cities and blacks are about 25 times more likely to be arrested for possession, and thus to receive felony convictions and be barred from voting--a legal oddity which would undoubtedly have delighted Carter Glass.
Willis Robertson, the Democratic stalwart from Virginia who succeeded Carter Glass in the Senate.