Scanning a Private Federal Reserve book from the KC Fed Archives

[jacobin]

Partially written by the unfinished manuscript of the history of the Federal Reserve Bank of Kansas City by Jess Worley, circa 1922. The KC Fed owners are the one who devised the Federal Reserve System.

The individual who created the Federal Reserve System was Senator Robert Latham Owen.


He was born in Lynchburg, VA on Feb. 2, 1856 to Robert Owen, president of the Virginia and Tennessee Railway and Narcissa Clark Chisholm, a woman of Native American, Scottish and English ancestry.

Reflecting her own heritage, Narcissa gave her newborn son two names. In addition to Robert, the child was also given the Cherokee name Oconostota - the same name as her great-great grandfather, who was the tribe's principal chief during the Revolution War.

If you want more, help me scan it. The pages are real big.

[Kotin]

from Wiki:

"Reflecting his position as Chairman of the Senate Committee on Banking and Currency, Owen was the chief sponsor in the Senate of the Federal Reserve Act of 1913, known at the time of its passage as the Glass-Owen Bill, which created the Federal Reserve System. He would later repudiate the Federal Reserve, claiming despite his efforts to ensure it would be controlled by the government that it had come under the control of the larger banks and was responsible for the unnecessary contraction of credit leading to the Great Depression.[1] His role in the creation of the Federal Reserve is nevertheless commemorated by the Robert Latham Owen Park, on the grounds of the Federal Reserve building in Washington DC."

[Deborah K]

Wasn't that the first attempt at passing the bill? It was roundly defeated so they went back to the drawing board (Jekyll Island) and hatched a bill that they claimed would prevent what the Glass-Owen bill would do (even though it was the same thing.)

[PaulaGem]

Wasn't that the first attempt at passing the bill? It was roundly defeated so they went back to the drawing board (Jekyll Island) and hatched a bill that they claimed would prevent what the Glass-Owen bill would do (even though it was the same thing.)

Another parallel to the "bailout bill".

[Dr.3D]

If at first they don't succeed, they try, try again, till they do.
With that kind of attitude, there is no bill they can't pass.

[free.alive]

"Private" ?