Carter Glass
Encyclopedia
Carter Glass was a newspaper publisher and politician from Lynchburg
Lynchburg, Virginia
Lynchburg is an independent city in the Commonwealth of Virginia. The population was 75,568 as of 2010. Located in the foothills of the Blue Ridge Mountains along the banks of the James River, Lynchburg is known as the "City of Seven Hills" or "The Hill City." Lynchburg was the only major city in...

, Virginia. He served many years in Congress
United States Congress
The United States Congress is the bicameral legislature of the federal government of the United States, consisting of the Senate and the House of Representatives. The Congress meets in the United States Capitol in Washington, D.C....

 as a member of the Democratic Party
Democratic Party (United States)
The Democratic Party is one of two major contemporary political parties in the United States, along with the Republican Party. The party's socially liberal and progressive platform is largely considered center-left in the U.S. political spectrum. The party has the lengthiest record of continuous...

. As House co-sponsor, he played a central role in the development of the 1913 Glass-Owen Act that created the Federal Reserve System
Federal Reserve System
The Federal Reserve System is the central banking system of the United States. It was created on December 23, 1913 with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907...

. Glass subsequently served as the U.S. Secretary of the Treasury
United States Secretary of the Treasury
The Secretary of the Treasury of the United States is the head of the United States Department of the Treasury, which is concerned with financial and monetary matters, and, until 2003, also with some issues of national security and defense. This position in the Federal Government of the United...

 under President Woodrow Wilson
Woodrow Wilson
Thomas Woodrow Wilson was the 28th President of the United States, from 1913 to 1921. A leader of the Progressive Movement, he served as President of Princeton University from 1902 to 1910, and then as the Governor of New Jersey from 1911 to 1913...

. Later elected to the Senate, he became widely known as co-sponsor of the Glass–Steagall Act of 1933, which enforced the separation of investment banking and commercial banking, and established the Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. , the FDIC insures deposits at...

 (FDIC).

Youth, education, early career

Carter Glass was born in Lynchburg, Virginia
Lynchburg, Virginia
Lynchburg is an independent city in the Commonwealth of Virginia. The population was 75,568 as of 2010. Located in the foothills of the Blue Ridge Mountains along the banks of the James River, Lynchburg is known as the "City of Seven Hills" or "The Hill City." Lynchburg was the only major city in...

, the fifth of twelve children. His mother, Augusta Elizabeth (née Christian) Glass, died in 1860, when he was only 2 years old, and his sister Nannie, ten years older, was his surrogate mother. His father, Robert Henry Glass, owned the Lynchburg Daily Republican newspaper, and was also the postmaster of Lynchburg.

The American Civil War
American Civil War
The American Civil War was a civil war fought in the United States of America. In response to the election of Abraham Lincoln as President of the United States, 11 southern slave states declared their secession from the United States and formed the Confederate States of America ; the other 25...

 (1861–1865) broke out when Glass was 3 years old. His father initially worked to try to help keep Virginia from seceding. However, after the state did so, Robert Henry Glass served, initially, in the Virginia forces in 1861, and then with the Confederate Army, where he was a major on the staff of Brigadier General John B. Floyd
John B. Floyd
John Buchanan Floyd was the 31st Governor of Virginia, U.S. Secretary of War, and the Confederate general in the American Civil War who lost the crucial Battle of Fort Donelson.-Early life:...

, a former Governor of Virginia
Governor of Virginia
The governor of Virginia serves as the chief executive of the Commonwealth of Virginia for a four-year term. The position is currently held by Republican Bob McDonnell, who was inaugurated on January 16, 2010, as the 71st governor of Virginia....

. Glass's father survived the Civil War, although 18 of his mother's relatives did not.

In poverty-stricken Virginia during the post-War period, the young Glass received only a basic education. He became an apprentice printer to his father when he was 13 years old. Although no longer in school, young Glass continued his education through reading. His father kept an extensive library. Among the works he read were those of Plato
Plato
Plato , was a Classical Greek philosopher, mathematician, student of Socrates, writer of philosophical dialogues, and founder of the Academy in Athens, the first institution of higher learning in the Western world. Along with his mentor, Socrates, and his student, Aristotle, Plato helped to lay the...

, Edmund Burke
Edmund Burke
Edmund Burke PC was an Irish statesman, author, orator, political theorist and philosopher who, after moving to England, served for many years in the House of Commons of Great Britain as a member of the Whig party....

 and William Shakespeare
William Shakespeare
William Shakespeare was an English poet and playwright, widely regarded as the greatest writer in the English language and the world's pre-eminent dramatist. He is often called England's national poet and the "Bard of Avon"...

. This would stimulate an intellectual interest in Glass which would be life-long. His formative years as Virginia struggled to resolve a large pre-War debt were to help mold his conservative fiscal thinking, much as it did others of Virginia's political leaders of his era.

When Glass was 19 years old, he moved with his father to Petersburg
Petersburg, Virginia
Petersburg is an independent city in Virginia, United States located on the Appomattox River and south of the state capital city of Richmond. The city's population was 32,420 as of 2010, predominantly of African-American ethnicity...

. However, when he failed to obtain a desired job as a newspaper reporter in Petersburg, he returned to Lynchburg, where he went to work for former Confederate General William Mahone
William Mahone
William Mahone was a civil engineer, teacher, soldier, railroad executive, and a member of the Virginia General Assembly and U.S. Congress. Small of stature, he was nicknamed "Little Billy"....

's Atlantic, Mississippi and Ohio Railroad
Atlantic, Mississippi and Ohio Railroad
Atlantic, Mississippi and Ohio Railroad was formed in 1870 in Virginia from 3 east-west railroads which traversed across the southern portion of the state. Organized and led by former Confederate general William Mahone , the 428-mile line linked Norfolk with Bristol, Virginia by way of Suffolk,...

 (AM&O) at the company headquarters. Glass became a clerk in the auditor's office at the railroad, which was in receivership, from 1877 to 1880. Several years later, under new owners, the railroad was to become the Norfolk and Western (N&W), with headquarters relocated to Roanoke
Roanoke, Virginia
Roanoke is an independent city in the Mid-Atlantic U.S. state of Virginia and is the tenth-largest city in the Commonwealth. It is located in the Roanoke Valley of the Roanoke Region of Virginia. The population within the city limits was 97,032 as of 2010...

. However, by then, Glass had returned to work in the newspaper industry.
At the age of 22, Glass finally became a reporter, a job he had long sought, for the Lynchburg News. He rose to become the newspaper's editor by 1887. The following year, the publisher retired and offered Glass the first option to purchase the business. Desperate to find financial backing, Glass received the unexpected assistance of a relative who loaned Glass enough to make a down payment of $100 on the $13,000 deal, and Glass became an editor and publisher. Free to publish whatever he wished, Glass wrote bold editorials and encouraged tougher reporting, and the morning paper had increased sales. Soon, Glass was able to acquire the afternoon Daily Advance, to buy out the competing Daily Republican, and to become the only newspaper publisher in Lynchburg. The modern-day Lynchburg News and Advance is the successor publication to his newspapers.

Early politics

As a prominent and respected newspaper editor, Glass often supported candidates who ran against Virginia's Democrats of the post-Reconstruction period, who he felt were promoting bad fiscal policy. In 1896, the same year his father died, Glass attended the Democratic National Convention
1896 Democratic National Convention
The 1896 Democratic National Convention, held at the Chicago Coliseum from July 7 to July 11, was the scene of William Jennings Bryan's nomination as Democratic presidential candidate for the 1896 U.S. presidential election....

 as a delegate, and heard William Jennings Bryan
William Jennings Bryan
William Jennings Bryan was an American politician in the late-19th and early-20th centuries. He was a dominant force in the liberal wing of the Democratic Party, standing three times as its candidate for President of the United States...

 speak. He was elected to the Senate of Virginia
Senate of Virginia
The Senate of Virginia is the upper house of the Virginia General Assembly. The Senate is composed of 40 Senators representing an equal number of single-member constituent districts. The Senate is presided over by the Lieutenant Governor of Virginia...

 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
Poll tax
A poll tax is a tax of a portioned, fixed amount per individual in accordance with the census . When a corvée is commuted for cash payment, in effect it becomes a poll tax...

 and a literacy test
Literacy test
A literacy test, in the context of United States political history, refers to the government practice of testing the literacy of potential citizens at the federal level, and potential voters at the state level. The federal government first employed literacy tests as part of the immigration process...

 in order to disenfranchise African Americans. The convention also instituted measures associated with the Progressive movement
Progressive Era
The Progressive Era in the United States was a period of social activism and political reform that flourished from the 1890s to the 1920s. One main goal of the Progressive movement was purification of government, as Progressives tried to eliminate corruption by exposing and undercutting political...

, such as the establishment of the State Corporation Commission
State Corporation Commission
The State Corporation Commission, or SCC, is a Virginia regulatory agency whose authority encompasses utilities, insurance, state-chartered financial institutions, securities, retail franchising, and railroads...

 to regulate railroads and other corporations, replacing the former Virginia Board of Public Works
Virginia Board of Public Works
The Virginia Board of Public Works was a governmental agency which oversaw and helped finance the development of Virginia's internal transportation improvements during the 19th century. In that era, it was customary to invest public funds in private companies, which were the forerunners of the...

.

But Glass's actions at the Constitutional Convention were certainly not all progressive. The 1902 Constitution instituted a poll tax and required bulk payment after a voter missed elections, making voting a luxury that poor people, which included many African-Americans, could not often afford. The Constitution also required that voters pass a poll test on the Virginia Constitution, with their performance graded by the registrar. When questioned as to whether these measures were potentially discriminatory, Glass exclaimed "Discrimination! Why that is exactly what we propose. To remove every negro voter who can be gotten rid of, legally, without materially impairing the numerical strength of the white electorate".
Indeed, the number of African-Americans qualified to vote dropped from 147,000 to 21,000 immediately.

Congress, Secretary of the Treasury

Glass was elected to United States House of Representatives
United States House of Representatives
The United States House of Representatives is one of the two Houses of the United States Congress, the bicameral legislature which also includes the Senate.The composition and powers of the House are established in Article One of the Constitution...

 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 President Woodrow Wilson
Woodrow Wilson
Thomas Woodrow Wilson was the 28th President of the United States, from 1913 to 1921. A leader of the Progressive Movement, he served as President of Princeton University from 1902 to 1910, and then as the Governor of New Jersey from 1911 to 1913...

, a fellow Virginian, to pass the Glass-Owen Federal Reserve Act
Federal Reserve Act
The Federal Reserve Act is an Act of Congress that created and set up the Federal Reserve System, the central banking system of the United States of America, and granted it the legal authority to issue Federal Reserve Notes and Federal Reserve Bank Notes as legal tender...

. In 1918, Wilson appointed him Secretary of the Treasury, succeeding William Gibbs McAdoo
William Gibbs McAdoo
William Gibbs McAdoo, Jr. was an American lawyer and political leader who served as a U.S. Senator, United States Secretary of the Treasury and director of the United States Railroad Administration...

. His signature as Secretary of the Treasury can be found on series 1914 Federal Reserve Notes, issued while he was in office. At the 1920 Democratic National Convention
1920 Democratic National Convention
- External links :*...

 Glass was nominated for President as a favorite son
Favorite son
A favorite son is a political term.*At the quadrennial American national political party conventions, a state delegation sometimes nominates and votes for a candidate from the state, or less often from the state's region, who is not a viable candidate...

 candidate from Virginia.

Glass served at the Treasury until 1920, when he was appointed to the United States Senate
United States Senate
The United States Senate is the upper house of the bicameral legislature of the United States, and together with the United States House of Representatives comprises the United States Congress. The composition and powers of the Senate are established in Article One of the U.S. Constitution. Each...

 to fill the vacancy caused by the death of Virginia's senior senator, Thomas Staples Martin
Thomas S. Martin
Thomas Staples Martin was an American lawyer and Democratic Party politician from Charlottesville, Virginia. He represented Virginia in the United States Senate for nearly twenty-five years....

. Martin had been widely regarded as the head of Virginia's Democratic Party, a role filled during the 1920s by Harry Flood Byrd of Winchester, another Virginia newspaperman who shared many of Glass's political views and who headed the political machine of Conservative Democrat
Conservative Democrat
In American politics, a conservative Democrat is a Democratic Party member with conservative political views, or with views relatively conservative with respect to those of the national party...

s known as the Byrd Organization
Byrd Organization
The Byrd Organization was a political machine led by former Governor and U.S. Senator Harry F. Byrd, Sr. that dominated Virginia politics for much of the middle portion of the 20th century...

, which dominated Virginia's politics until the 1960s. In 1933, Byrd became Virginia's junior Senator, joining Glass in the Senate after former Governor and then-senior U.S. Senator Claude A. Swanson
Claude A. Swanson
Claude Augustus Swanson was an American lawyer and Democratic Party politician from Virginia.He served seven terms in the U.S. House of Representatives, from 1893 until 1906, was the 45th Governor of Virginia from 1906 until 1910, and represented Virginia as a United States Senator from 1910 until...

 was appointed as U.S. Secretary of the Navy by President Franklin Roosevelt. Both Glass and Byrd were opposed to Roosevelt's New Deal
New Deal
The New Deal was a series of economic programs implemented in the United States between 1933 and 1936. They were passed by the U.S. Congress during the first term of President Franklin D. Roosevelt. The programs were Roosevelt's responses to the Great Depression, and focused on what historians call...

 policies. Each was a strong supporter of fiscal conservatism and state's rights. Glass and Byrd invoked senatorial courtesy to defeat Roosevelt's nomination of Floyd H. Roberts
Floyd H. Roberts
Floyd H. Roberts was a Virginia lawyer, state court judge, and, briefly, a United States federal judge, whose nomination after a recess appointment was rejected overwhelmingly by the United States Senate....

 to a federal judgeship, as part of a broader conflict over control of federal patronage in Virginia.

Glass served in the U.S. Senate for the remainder of his life, turning down the offer of a new appointment as Secretary of the Treasury from President Roosevelt in 1933. When the Democrats regained control of the Senate in 1933, Glass became Chairman of the Appropriations Committee. He was President pro tempore
President pro tempore of the United States Senate
The President pro tempore is the second-highest-ranking official of the United States Senate. The United States Constitution states that the Vice President of the United States is the President of the Senate and the highest-ranking official of the Senate despite not being a member of the body...

 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 the Federal Deposit Insurance Corporation
Federal Deposit Insurance Corporation
The Federal Deposit Insurance Corporation is a United States government corporation created by the Glass–Steagall Act of 1933. It provides deposit insurance, which guarantees the safety of deposits in member banks, currently up to $250,000 per depositor per bank. , the FDIC insures deposits at...

.

Family, decline, death

Glass had married Aurelia McDearmon Caldwell, a school teacher, when he was 28. They had four children. She died of a heart ailment in 1937. A widower, Glass remarried in 1940 at the age of 82. His second wife, Mary Scott, was his constant companion as his health began to fail over the next few years. They lived at the Mayflower Hotel
Mayflower Hotel
The Renaissance Mayflower Hotel, known locally as simply The Mayflower, is a historic hotel in downtown Washington, DC located on Connecticut Avenue NW, two blocks north of Farragut Square . It is the largest luxury hotel in the U.S. capital and the longest continuously operating hotel in the...

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

Glass died in Washington, D.C., on May 28, 1946 of congestive heart failure
Congestive heart failure
Heart failure often called congestive heart failure is generally defined as the inability of the heart to supply sufficient blood flow to meet the needs of the body. Heart failure can cause a number of symptoms including shortness of breath, leg swelling, and exercise intolerance. The condition...

. He is buried in Spring Hill Cemetery
Spring Hill Cemetery
Spring Hill Cemetery on Gallatin Pike in the Nashville, Tennessee suburb of Madison is the final resting place for some of country music’s legendary performers including:*Roy Acuff, singer, songwriter, music publisher*Floyd Cramer, piano legend...

, Lynchburg, VA. His fellow sponsor of the Glass-Owen Act, Senator Robert Latham Owen, lies nearby.

"Montview", also known as the "Carter Glass Mansion", was built in 1923 on his farm outside the then boundaries of Lynchburg in Campbell County
Campbell County, Virginia
As of the census of 2000, there were 51,078 people, 20,639 households, and 14,694 families residing in the county. The population density was 101 people per square mile . There were 22,088 housing units at an average density of 44 per square mile...

. It is listed on the National Register of Historic Places
National Register of Historic Places
The National Register of Historic Places is the United States government's official list of districts, sites, buildings, structures, and objects deemed worthy of preservation...

 and now serves as a museum on the grounds of Liberty University
Liberty University
Liberty University is a private Christian university located in Lynchburg, Virginia. Liberty's annual enrollment is around 72,000 students, 12,000 of whom are residential students and 60,000+ studying through Liberty University Online...

. It lies within the expanded city limits of Lynchburg. The front lawn of "Montview" is the burial site of Dr. Jerry Falwell
Jerry Falwell
Jerry Lamon Falwell, Sr. was an evangelical fundamentalist Southern Baptist pastor, televangelist, and a conservative commentator from the United States. He was the founding pastor of the Thomas Road Baptist Church, a megachurch in Lynchburg, Virginia...

, founder of Liberty University
Liberty University
Liberty University is a private Christian university located in Lynchburg, Virginia. Liberty's annual enrollment is around 72,000 students, 12,000 of whom are residential students and 60,000+ studying through Liberty University Online...

.

The Virginia Department of Transportation
Virginia Department of Transportation
The Virginia Department of Transportation is the agency of state government responsible for transportation in the state of Virginia in the United States. Headquartered in Downtown Richmond, VDOT is responsible for building, maintaining, and operating the roads, bridges and tunnels in the...

's Carter Glass Memorial Bridge
Carter Glass Memorial Bridge
Carter Glass Memorial Bridge crosses the James River between the independent city of Lynchburg and Amherst County, Virginia. It carries the Lynchburg Bypass of U.S. Route 29, a major north-south arterial highway in the region. The bridge was named in 1949 in honor of former U.S. Senator Carter...

 was named in his honor in 1949. It carries the Lynchburg bypass of U.S. Route 29
U.S. Route 29
U.S. Route 29 is a north–south United States highway that runs for from the western suburbs of Baltimore, Maryland, to Pensacola, Florida. This highway's northern terminus is at Maryland Route 99 in Ellicott City, Maryland...

, the major north-south highway in the region, across the James River
James River (Virginia)
The James River is a river in the U.S. state of Virginia. It is long, extending to if one includes the Jackson River, the longer of its two source tributaries. The James River drains a catchment comprising . The watershed includes about 4% open water and an area with a population of 2.5 million...

 between Lynchburg and Amherst County
Amherst County, Virginia
As of the census of 2000, there were 31,894 people, 11,941 households, and 8,645 families residing in the county. The population density was 67 people per square mile . There were 12,958 housing units at an average density of 27 per square mile...

.

A Chair in the department of Government was created in Glass's honor at Sweet Briar College
Sweet Briar College
Sweet Briar College is a liberal arts women's college in Sweet Briar, Virginia, about north of Lynchburg, Virginia. The school's Latin motto translates as: "She who has earned the rose may bear it."...

. It has been held by notable faculty that have included Dr. Barbara A. Perry
Barbara A. Perry
Dr. Barbara A. Perry, a U.S. Supreme Court and presidency expert, as well as a biographer of the Kennedys, is a Senior Fellow at the University of Virginia's Miller Center and is the former Carter Glass Professor of Government and founding director of the Center for Civic Renewal at Sweet Briar...

.

Additional reading

  • Biographical Dictionary of the United States Secretaries of the Treasury, 1789–1995 By Bernard S. Katz, C. Daniel Vencill, Greenwood Press

  • Carter Glass: A Biography By Rixey Smith, Norman Beasley (1939) republished by Ayer Company Publishers, ISBN 0836954467

External links

The source of this article is wikipedia, the free encyclopedia.  The text of this article is licensed under the GFDL.
 
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