Glass, Carter (redirected from Carter Glass)

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 System. 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.

Bibliography

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

---

Glass, Carter

(born Jan. 4, 1858, Lynchburg, Va., U.S.—died May 28, 1946, Washington, D.C.) U.S. politician. Largely self-educated, he pursued a successful career in journalism, eventually becoming proprietor of two Lynchburg newspapers. In the U.S. House of Representatives (1902–18), he sponsored legislation that established the Federal Reserve System. As secretary of the treasury (1918–20) he supported efforts by Pres. Woodrow Wilson to bring the U.S. into the League of Nations. Appointed, then elected, to the U.S. Senate (1920–46), he became a leader of the conservative Southern Democratic bloc. An expert on monetary policy, he coauthored legislation that established the Federal Deposit Insurance Corp. (FDIC) in 1933. Though he supported Franklin Roosevelt for president in 1932, he soon became one of his sharpest critics.

---

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.