NOVEMBER 6 1841 – BIRTH OF NELSON ADRICH, US SENATOR (R.I.), LEADER OF REPUBLICAN PARTY IN THE SENATE

1841 – BIRTH OF NELSON ADRICH, US SENATOR (R.I.), LEADER OF REPUBLICAN PARTY IN THE SENATE
Alrich was the major Senate proponent of the Federal Reserve Act. He railroaded the bill through both houses of Congress in the fall and winter of 1913. Alfred Crozier, an Ohio attorney and author of the book US Money vs Corporation Currency, testified before Congress against the Aldrich bill. He said, “The… bill grants just what Wall Street and the big banks for 25 years have been striving for, namely, private instead of public control of currency. [The bill] robs the Government and the people of all effective control over the public money supply and vest in the banks exclusively the dangerous power to make money among the people scarce or plenty.”