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).

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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.
The Cambridge Dictionary of American Biography, by John S. Bowman. Copyright © Cambridge University Press 1995. Reproduced with permission.
References in periodicals archive ?
This belief can be traced to Carter Glass, senior Democrat from Virginia.
Carter Glass (Virginia), a former secretary of the Treasury under President Woodrow Wilson from 1918 to 1920, and Rep.
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.
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.
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.
Carter Glass (D.-Va.), a former Secretary of the Treasury, during the Senate debate on the Banking Act of June 20, 1933.
Ceilings: USG Doors/Storefronts: Carter Glass; Eggers Industries; Kawneer; Viracon; Woodtech
(1.) Director, The Center for Civic Renewal and Carter Glass Professor of Government, Sweet Brier College, Virginia.
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.
(2.) Quoted in Rixey Smith and Norman Beasley, Carter Glass: A Biography, New York: Longmans, Green and Co., 1939, p.
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.
Virginia's senators, Harry Byrd and Carter Glass, were among the leading opponents of the New Deal in the U.S.