Is there any reason why the American people should be taxed to guarantee the debts of banks, any more than they should be taxed to guarantee the debts of other institutions, including merchants, the industries, and the mills of the country?

Barbara A. 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. Youth education early career
Carter Glass was born in Lynchburg Virginia the fifth of twelve children.

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 establiCarter Glassd the Federal Deposit Insurance Corporation (FDIC). S.