Carter Glass

From Wikipedia, the free encyclopedia

Carter Glass
Carter Glass

In office
December 16, 1918 – February 1, 1920
Preceded by William G. McAdoo
Succeeded by David F. Houston

Born January 4, 1858
Lynchburg, Virginia, USA
Died May 28, 1946
Washington, D.C., USA
Political party Democratic
Profession Politician, Editor

Carter Glass (January 4, 1858May 28, 1946) was an American politician from Virginia, who served many years in Congress with the Democratic Party. He also served as the U.S. Secretary of the Treasury under Woodrow Wilson.

Glass was born in Lynchburg, Virginia, and became a newspaper editor. He was elected to the Virginia state Senate in 1899, and was a delegate to the Virginia constitutional convention of 1901-1902. He was one of the most influential members of the convention, which imposed a poll tax and a literacy test in order to disenfranchise African Americans, but which also instituted measures associated with the Progressive movement, such as the establishment of the State Corporation Commission to regulate railroads and other corporations. Glass was elected to Congress as a Democrat in 1902, to fill a vacancy. In 1913, he became Chairman of the House Committee on Banking and Currency, where he worked with Wilson on the Federal Reserve Act. In 1918, Wilson then appointed him Secretary of the Treasury, succeeding William Gibbs McAdoo. His signature as Secretary of the Treasury can be found on series 1914 Federal Reserve Notes, issued while he was in office. He served in that role until 1920, when he was appointed to the United States Senate to fill the vacancy caused by the death of Thomas S. Martin.

Glass served in the U.S. Senate for the remainder of his life, turning down the offer of the Treasury from Franklin Roosevelt in 1933. Glass became Chairman of the Appropriations Committee when the Democrats regained control of the Senate in 1933, and also as President pro tempore from 1941 to 1945. As a Senator, Glass's most notable achievement was passage of the Glass-Steagall Act, which separated the activities of banks and securities brokers and created FDIC insurance.

Starting in 1942 Glass began suffering from various age-related illnesses, and he did not attend Senate meetings after that time. He refused to resign despite many requests to do so, and even kept his committee chairmanship. Many visitors were also kept from him by his wife. Glass died in Washington, D.C., on May 28, 1946.

Preceded by
William G. McAdoo
United States Secretary of the Treasury
December 16, 1918February 1, 1920
Succeeded by
David F. Houston
Preceded by
Thomas S. Martin
United States Senator (Class 2) from Virginia
February 2, 1920May 28, 1946
Served alongside: Claude A. Swanson and Harry F. Byrd
Succeeded by
Thomas G. Burch
Preceded by
Frederick Hale
Chairman of the United States Senate Committee on Appropriations
19331946
Succeeded by
Kenneth McKellar
Preceded by
Pat Harrison
President pro tempore of the United States Senate
July 11, 1941January 2, 1945
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