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2 lynch’s Ferry
The signing of the Federal Reserve Act, the evening of December 23, 1913. From a painting by Wilbur Kurtz (1923) commissioned by the Federal Reserve Bank of Atlanta. Shown are President Wilson, seated at his desk, and (from left to right): Secretary of War Lindley M. Garrison, Secretary of the Navy Josephus Daniels, Secretary of the Interior Franklin K. Lane, Postmaster General A. S. Burleson, Senator Robert L. Owen, Speaker of the House Champ Clark, Secretary of the Treasury William G. McAdoo, Representative Carter Glass, Representative Oscar W. Underwood, Secretary of Labor William B. Wilson.
Carter Glass
AND THE FEDERAL RESERVE SYSTEM JAMES A. HUSTON
During his long career as newspaper publisher and owner, state senator, congressman, cabinet member, and United States senator, Carter Glass was in the middle of many controversial issues. But this Lynchburg native is remembered in the nation at large mainly for his role in the creation of the Federal Reserve System and for later improvements in that system and in related banking and securities regulation.
COURTESY OF THE WOODROW WILSON BIRTHPLACE FOUNDATION, STAUNTON, VIRGINIA.
