Treasury Department Policies and Reforms in 1913
Treasury reforms under Secretary William G. McAdoo shift public deposits to designated banks with 2 percent interest, ending Wall Street cash pumping. The program frees idle government funds, increases circulation, and boosts revenue while maintaining strong security, reducing banks' advertising free ride.
MENTIONED IN THIS ARTICLE
Wilson
William G. McAdoo
Money Trust
Kings of Finance
McAdoo
Uncle Sam
Hudson River
Secretary of the Treasury
Pensylvania Avenue
Washington
Wall Street
United States
Treasury
Congress
NeAdoo
Tmes
Philippines
McRoe
Mec-Adoo
New York City
New London
Cor Tiin
Tovermet
Also Mentioned on This Page
NHE
Anhewser-Husch
Anheuser-Busch
St. Louis
Kansas City, MO
Boothveret
Daily Drovers Telegram
Daily Telegram
News of the World
Howe
Treasury Department
Frank W. Lowd
Secreary of