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

This belief can be traced to Carter Glass, senior Democrat from Virginia.

THE POLITICAL ORIGINS OF SECTION 13(3) OF THE FEDERAL RESERVE ACT

Carter Glass (Virginia), a former secretary of the Treasury under President Woodrow Wilson from 1918 to 1920, and Rep.

Glass-Steagall revisited

Lowenstein's description of the protracted, tortuous political negotiations to create a semblance of an American central bank is very thorough, focusing on six protagonists: Paul Warburg, an immigrant German banker and forceful advocate of European central banking principles; Rhode Island Senator Nelson Aldrich, a business-friendly Republican who converted to reform after 1907; Frank Vanderlip, head of the nation's largest bank; Carter Glass, a conservative Democrat and fanatical racist who nevertheless became a key supporter; and Woodrow Wilson, who eventually shepherded the Federal Reserve through Congress.

Federal Reserved: with a still-weak economy seven years after the 2008 crisis, it's worth thinking about whether we might be stuck with a twentieth-century central bank in a twenty-first-century world

Carter Glass (D-Va.), an original House sponsor of the 1913 Federal Reserve Act, stood against expanding the Fed's centralized power in the manner of the 1935 Act.

Dodd-Frank's expansion of Fed power: a historical perspective

Names such as Carter Glass, Jim Farley, Franklin Roosevelt, OK Allen, Upton Sinclair, Williams Jennings Bryan, Clarence Darrow, Earl Long, Richard Leche, Gene Tallmadge and others are found through out the book.

Huey Long's Contemporary and Law Partner's Lost Political Papers Discovered. Now Published in New Book.

Carter Glass (D.-Va.), a former Secretary of the Treasury, during the Senate debate on the Banking Act of June 20, 1933.

To bail or not to bail?

Ceilings: USG Doors/Storefronts: Carter Glass; Eggers Industries; Kawneer; Viracon; Woodtech

Kansas City, here I come

(1.) Director, The Center for Civic Renewal and Carter Glass Professor of Government, Sweet Brier College, Virginia.

The Supremes: Essays on the Current Justices of the Supreme Court of the United States

In 1933, Senator Carter Glass and Congressman Henry Steagall drafted a document outlining allowable practices in the financial services industry for the rest of the century.

Money TALKS

(2.) Quoted in Rixey Smith and Norman Beasley, Carter Glass: A Biography, New York: Longmans, Green and Co., 1939, p.

Raising the Deposit-Insurance Limit: A Bad Idea Whose Time Has Come?

In the struggle to promote the cause of temperance, and in the rough and tumble of Virginia politics, he made a lifelong enemy of Carter Glass, editor of the Lynchburg News and senator from Virginia, and fell into conflict with the Byrd machine.

Prohibition and Politics: The Life of Bishop James Cannon, Jr

Virginia's senators, Harry Byrd and Carter Glass, were among the leading opponents of the New Deal in the U.S.

"Sheep without a Shepherd": The New Deal Faction in the Virginia Democratic Party