THE FEDERAL RESERVE ACT 66 'That one Measure won the War” -JOHN SKELTON WILLIAMS Comptroller of the Currency The Federal Reserve Act BY HON. ROBERT L. OWEN UNITED STATES SENATOR OF OKLAHOMA CHAIRMAN OF THE UNITED STATES SENATE COMMITTEE THE FEDERAL RESERVE ACT ITS ORIGIN AND PRINCIPLES by ROBERT L. OWEN A REMINISCENCE HE Federal Reserve Act has now Tso completely so completely demonstrated its value, and is so widely approved by the business men of America and of the world, that I have yielded to the suggestion that I should write a short sketch of its origin and principles, as a personal reminiscence, having no time at present to write a full history of this Act. The backbone of the Federal Reserve Act is: |