User:JamesPoulson/sandbox/Robert Herman Hemphill
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Robert Herman Hemphill (1876—1941) was the first credit manager of the Atlanta Federal Reserve and a well known authority on money and banking. [1] [2] [3]
(utilities executive, financial expert and financial authority for the Hearst Newspapers from 1932-1937 as well as inventor of an aerating cube used in many commercial ice plants) - Needs to be sourced.
He was also a financial writer for the Hearst Newspapers from 1932-1937 as well as for financial magazines[2] and was involved in the Chicago plan in working with Irving Fisher to bring about banking reforms.[1]
In January 1934, he went along with Irving Fisher to convince Treasury Secretary Henry Morgenthau, Jr. that banks should be required by law to keep 100% reserves.
He drafted a bill (s.3744), which was supported by Irving Fisher, and submitted to Congress by Broson Cutting of New Mexico and Wright Patman of Texas on June 6, 1934, although the bill was defeated in what was described as a "skillful parliamentary move that succeeded in preventing full Congressional consideration of the bill."
On March 6, 1935, Fisher and Hemphill together visited the White House to advise President Roosevelt on financial issues.
On March the 22nd, 1935 made a statement before the The House of Representative's Committee on Banking & Currency in Washington D.C. (Banking Act of 1935 Hearings before the Committee on Banking and Currency, House of Representatives, Seventy-fourth Congress. U.S. Government Printing Office. 1935. p.484.).
He wrote a foreword to the first edition of Irving Fisher's 100% Money.[4]
See also
[edit]References
[edit]- ^ a b The Chicago Plan and New Deal Banking Reform. Routledge. ISBN 9781315286631.
- ^ a b Banking Act of 1935: Hearings Before the Committee on Banking and Currency, House of Representatives, Seventy-fourth Congress, First Session, on H.R. 5357, a Bill to Provide for the Sound, Effective, and Uninterrupted Operation of the Banking System, and for Other Purposes. February 21, 22, 26 ...
- ^ National economy and the banking system of the United States.
- ^ How America Can Spend Its Way Back to Greatness: A Guide to Monetary Reform: A Guide to Monetary Reform. ABC-CLIO. ISBN 9781440838774.
External links
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