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Books > History > American history
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The Riggs War, 1913 to 1916 - Reform and Revenge (Hardcover)
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The Riggs War, 1913 to 1916 - Reform and Revenge (Hardcover)
Series: The Fairleigh Dickinson University Press Series in American History and Culture
Expected to ship within 12 - 17 working days
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In 1913, President Woodrow Wilson opened the nation's door to an
era of reform. To help him, he brought to Washington men imbued
with a progressive spirit-and in some, grudges as well! Before work
on reforms got underway, two high ranking officials of the Treasury
Department attacked a local bank over its banking practices. The
bank officers had close ties to Wall Street; the Treasury officials
were no friends of Wall Street (with scars to prove it). Aggressive
bank examinations, hostile interviews, and accusatory letters
ensued, eventually resulting in the bank filing an injunction
against the government. But after an acrimonious court hearing, the
injunction appeared to have failed. Indeed, a grand jury indicted
the bank officers of perjury. In 1916, a three-week criminal trial
of the bankers took place in which former Presidents Taft and
Roosevelt appeared on behalf of the bankers. It was a cause celebre
in the nation's capital and much of the country. When the verdict
was reached it was clear "bad blood" had been spilled
everywhere-and this nasty, little war had been more than just about
reform.
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