Robert L. Owen
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Robert Latham Owen Jr. (February 2, 1856July 19, 1947) was one of the first two
U.S. senator The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and powe ...
s from
Oklahoma Oklahoma (; Choctaw language, Choctaw: ; chr, ᎣᎧᎳᎰᎹ, ''Okalahoma'' ) is a U.S. state, state in the South Central United States, South Central region of the United States, bordered by Texas on the south and west, Kansas on the nor ...
. He served in the Senate between 1907 and 1925. Born into affluent circumstances in antebellum
Lynchburg, Virginia Lynchburg is an independent city (United States), independent city in the Commonwealth (U.S. state), Commonwealth of Virginia in the United States. First settled in 1757 by ferry owner John Lynch (1740–1820), John Lynch, the city's populati ...
, the son of a railroad company president, Owen suffered an almost Dickensian reversal of fortune when his family was ruined financially by the
Panic of 1873 The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain. In Britain, the Panic started two decades of stagnation known as the "Lon ...
and his father died while he was still in his teens. Owen, who was part-
Cherokee The Cherokee (; chr, ᎠᏂᏴᏫᏯᎢ, translit=Aniyvwiyaʔi or Anigiduwagi, or chr, ᏣᎳᎩ, links=no, translit=Tsalagi) are one of the indigenous peoples of the Southeastern Woodlands of the United States. Prior to the 18th century, t ...
on his mother's side, responded by heading west to
Indian Territory The Indian Territory and the Indian Territories are terms that generally described an evolving land area set aside by the Federal government of the United States, United States Government for the relocation of Native Americans in the United St ...
, where he built a new life as, in turn, a schoolteacher working with Cherokee orphans; a lawyer, administrator and journalist; a federal Indian agent; and the founder and first president of a community bank. Among the achievements that brought him to wider public notice, and helped pave the way for his election to the U.S. Senate in 1907 when Oklahoma (incorporating the former Indian Territory) achieved statehood, was his success as a lawyer in 1906 in winning a major court case on behalf of the Eastern Cherokees seeking compensation from the U.S. Government for eastern lands the Cherokees had lost at the time of the Indian removals. A Democrat active in many progressive causes, including efforts to strengthen public control of government, and the fight against
child labor Child labour refers to the exploitation of children through any form of work that deprives children of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially and morally harmful. Such e ...
, Owen is especially remembered as the Senate sponsor of the Glass-Owen
Federal Reserve Act of 1913 The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States. The Pani ...
, which created the Federal Reserve System. In discussions at the time, he resisted a campaign to put the Federal Reserve formally under the control of the banking industry, and the 1913 Act emerged broadly in line with Owen's compromise proposal, creating a central Federal Reserve Board nominated by the Government alongside twelve regional Federal Reserve Banks dominated by the larger banks. Owen subsequently became highly critical of what he saw as the Federal Reserve's bias towards deflationary policies during the early 1920s and again in the early 1930s, which he attributed to excessive influence by the largest banks upon the Fed, and which he identified as largely responsible for causing the Great Depression: a minority view at the time, but one that has, in recent decades, gained wide acceptance among Conservative economists (having been popularized by Milton Friedman in the 1960s). In 1920 Owen unsuccessfully sought the Democratic Party's nomination for the presidency.


Early and family life

Owen was born in
Lynchburg, Virginia Lynchburg is an independent city (United States), independent city in the Commonwealth (U.S. state), Commonwealth of Virginia in the United States. First settled in 1757 by ferry owner John Lynch (1740–1820), John Lynch, the city's populati ...
, on February 2, 1856, the younger of two sons of Confederate Col. Robert L. Owen Sr. (1825–1873), a civil engineer and former surveyor who had become president of the
Virginia and Tennessee Railroad The Virginia and Tennessee Railroad was an historic gauge railroad in the Southern United States, much of which is incorporated into the modern Norfolk Southern Railway. It played a strategic role in supplying the Confederacy during the American ...
, and his wife Narcissa Clark Chisholm Owen. His family attended an Episcopal Church in his youth. Owen's paternal ancestors had emigrated from Wales, and the family had a record of public service as doctors and teachers. His grandfather, Dr. William Owen, and uncle, Dr. William Otway Owen Sr. (1820–92), both practiced medicine in Lynchburg, and the latter served as surgeon-in-chief in charge of thirty hospitals in Lynchburg (which became a major wartime hospital center) throughout the Civil War. His father Robert Latham Owen Sr. served in the Virginia State Senate after the American Civil War. During Owen's boyhood, the family lived in Lynchburg's best-known mansion,
Point of Honor Point of Honor is an historic home, now a city museum, located in Lynchburg, Virginia. The property has commanding views of the city and the James River. Its name originated due to the land on which it is built being used as a clandestine due ...
. Owen attended private schools in Lynchburg and in
Baltimore Baltimore ( , locally: or ) is the List of municipalities in Maryland, most populous city in the U.S. state of Maryland, fourth most populous city in the Mid-Atlantic (United States), Mid-Atlantic, and List of United States cities by popula ...
, Maryland. The
American Civil War The American Civil War (April 12, 1861 – May 26, 1865; also known by other names) was a civil war in the United States. It was fought between the Union ("the North") and the Confederacy ("the South"), the latter formed by states th ...
destroyed most of Virginia's railroads. In late 1867, Robert Latham Owen Sr. resigned his position as president of the Virginia and Tennessee Railway because he opposed a proposed railway consolidation led by the colorful and highly political former Confederate General (and future U.S. Senator, 1881–87)
William Mahone William Mahone (December 1, 1826October 8, 1895) was an American civil engineer, railroad executive, Confederate States Army general, and Virginia politician. As a young man, Mahone was prominent in the building of Virginia's roads and railroa ...
, who replaced him as president. In June 1873, however, when Owen was 16, his father died a financially ruined man, due to the
Panic of 1873 The Panic of 1873 was a financial crisis that triggered an economic depression in Europe and North America that lasted from 1873 to 1877 or 1879 in France and in Britain. In Britain, the Panic started two decades of stagnation known as the "Lon ...
, which struck the consolidating railroads especially hard. Writing in 1934, Owen described the family's hard times: "the value of my father's property was completely destroyed, and my mother, from a life of abundance, was suddenly compelled to earn her living by teaching music." With support from scholarships, initially obtained via his mother's contacts, but subsequently including the 1876 merit-based President's scholarship, Owen graduated in 1877 as valedictorian from
Washington and Lee University , mottoeng = "Not Unmindful of the Future" , established = , type = Private liberal arts university , academic_affiliations = , endowment = $2.092 billion (2021) , president = William C. Dudley , provost = Lena Hill , city = Lexingto ...
. He also received the university's gold medal for debating prowess. His older brother, William Otway Owen Jr. (1854–1924), meanwhile, attended the
Virginia Military Institute la, Consilio et Animis (on seal) , mottoeng = "In peace a glorious asset, In war a tower of strength""By courage and wisdom" (on seal) , established = , type = Public senior military college , accreditation = SACS , endowment = $696.8 mill ...
and the
University of Virginia The University of Virginia (UVA) is a Public university#United States, public research university in Charlottesville, Virginia. Founded in 1819 by Thomas Jefferson, the university is ranked among the top academic institutions in the United S ...
, and went on to a medical career with the U.S. Army, eventually retiring with the rank of colonel. Owen's mother,
Narcissa Chisholm Owen Narcissa Chisholm Owen (October 3, 1831 – July 11, 1911) was a Native American educator, memoirist, and artist of the late 19th and early 20th century. She was the daughter of Old Settler Cherokee Chief Thomas Chisholm, wife of Virginia state s ...
(1831–1911), was part
Cherokee The Cherokee (; chr, ᎠᏂᏴᏫᏯᎢ, translit=Aniyvwiyaʔi or Anigiduwagi, or chr, ᏣᎳᎩ, links=no, translit=Tsalagi) are one of the indigenous peoples of the Southeastern Woodlands of the United States. Prior to the 18th century, t ...
. She did much to foster her son's career, as well as becoming a distinguished painter. In 1907 she published memoirs about her life lived between Cherokee and mainstream U.S. societies, which have more recently attracted scholarly attention when republished in a critical edition in 2005. However, the precise extent of her (and thus his) Cherokee ancestry is unclear. Owen's listing on the
Dawes Rolls The Dawes Rolls (or Final Rolls of Citizens and Freedmen of the Five Civilized Tribes, or Dawes Commission of Final Rolls) were created by the United States Dawes Commission. The commission was authorized by United States Congress in 1893 to exec ...
, dating from around 1900, records him as 1/16 Cherokee by blood. However, Narcissa's memoirs (1907) self-describe her as 1/16 Cherokee, which if correct would imply that her son was 1/32 Cherokee. Some secondary sources describe Narcissa as 1/8th Cherokee The modern editor of Narcissa's memoirs speculates that Narcissa might have missed "one generation or possibly two" in her family tree; adjusting for this possibility might further dilute her Cherokee blood. However, Narcissa had been raised among Cherokees, and skillfully used her Cherokee heritage, colorfully describing her father, Thomas Chisholm (a leader of the "Old Settlers" who moved west before the
Trail of Tears The Trail of Tears was an ethnic cleansing and forced displacement of approximately 60,000 people of the "Five Civilized Tribes" between 1830 and 1850 by the United States government. As part of the Indian removal, members of the Cherokee, ...
), as "the last hereditary war chief of the Western Cherokees." Narcissa also gave both her sons parallel Indian names derived from famous Cherokee chiefs: she named Robert
Oconostota Oconostota (c. 1710–1783) was a Cherokee ''skiagusta'' (war chief) of Chota, which was for nearly four decades the primary town in the Overhill territory, and within what is now Monroe County, Tennessee. He served as the First Beloved Man of Ch ...
after a noted Cherokee chief of the late eighteenth century who was also, she claimed, her own great great uncle.


Early career in Oklahoma

On the advice of Col.
William Penn Adair William Penn Adair (1830–1880) was a leader of the Cherokee Nation. Born in the traditional Cherokee territory in Georgia, he traveled as a child with his family on the Trail of Tears of Indian Removal from the Southeast to Indian Territory to w ...
, a family friend, former Confederate Colonel and a leader among the Cherokees, Owen moved in 1879 to Salina in
Indian Territory The Indian Territory and the Indian Territories are terms that generally described an evolving land area set aside by the Federal government of the United States, United States Government for the relocation of Native Americans in the United St ...
(now
Salina, Oklahoma Salina ( ) is a town in Mayes County, Oklahoma, United States. The population was 1,396 at the 2010 census, a slight decline from the figure of 1,422 recorded in 2000. History For thousands of years indigenous peoples had lived along the rivers ...
), where he was accepted as a member of the
Cherokee Nation The Cherokee Nation (Cherokee: ᏣᎳᎩᎯ ᎠᏰᎵ ''Tsalagihi Ayeli'' or ᏣᎳᎩᏰᎵ ''Tsalagiyehli''), also known as the Cherokee Nation of Oklahoma, is the largest of three Cherokee federally recognized tribes in the United States. It ...
. He served during 1879-80 as the principal teacher of the Cherokee Orphan Asylum. His mother joined him in 1880 and taught music for several years at the
Cherokee Female Seminary The Cherokee Female Seminary, (not to be confused with the first Cherokee Female Seminary), was built by the Cherokee Nation in 1889 near Tahlequah, Indian Territory. It replaced their original girls' seminary that had burned down on Easter Sund ...
. Owen read law and was admitted to the bar in 1880. During 1881-84 he served as secretary of the board of education of the Cherokee Nation, and worked on reorganizing the Cherokee school system. In parallel, he served in 1882, 1883 and 1884 as the president of the International Fair at Muscogee, IT, now
Muscogee, Oklahoma Muskogee () is the thirteenth-largest city in Oklahoma and the county seat of Muskogee County. Home to Bacone College, it lies approximately southeast of Tulsa. The population of the city was 36,878 as of the 2020 census, a 6.0 percent decrease ...
(sometimes billed at the time as "the Indian Capital of the World"), the only fair held in Indian Territory at the time. He was owner and editor of the "Indian Chieftain" newspaper, based in present-day
Vinita, Oklahoma Vinita is a city and county seat of Craig County, Oklahoma, United States. As of the 2010 census, the population was 5,743, a decline of 11.22 percent from the figure of 6,469 recorded in 2000. History Vinita was founded in 1870 by Elias Corn ...
, in 1884. In 1885, with a Democrat in the White House, Owen launched a successful lobbying campaign that saw him appointed as the federal
Indian agent In United States history, an Indian agent was an individual authorized to interact with American Indian tribes on behalf of the government. Background The federal regulation of Indian affairs in the United States first included development of t ...
for the so-called
Five Civilized Tribes The term Five Civilized Tribes was applied by European Americans in the colonial and early federal period in the history of the United States to the five major Native American nations in the Southeast—the Cherokee, Chickasaw, Choctaw, Creek ...
, described by one student of his career as "the most important position to be held in Indian Territory". In the absence of a court system, Owen promoted the use of compulsory arbitration to settle thousands of civil cases between 1885 and 1889, when he assisted in the establishment of the first United States Court in Indian Territory. His mother served as his hostess until his marriage on New Year's Eve, 1889, to Daisy Deane Hester, with whom he had one daughter, Dorothea, born in 1894. After the White House again changed hands in 1889, Owen left government service and organized the First National Bank of Muskogee in 1890, serving as its president for ten years. He later wrote that the bank's narrow survival of the
Panic of 1893 The Panic of 1893 was an economic depression in the United States that began in 1893 and ended in 1897. It deeply affected every sector of the economy, and produced political upheaval that led to the political realignment of 1896 and the pres ...
was to influence his thinking about the need for fundamental reform in the US banking system:
This bank, like many other banks, lost fifty percent of its deposits within as many days because of the panic, which frightened people and caused them to withdraw their funds for hoarding throughout the United States and led creditors to strenuously press their debtors for settlement ... This panic demonstrated the complete instability of the financial system of America and the hazards which businessmen had to meet under a grossly defective banking system.
As a lawyer and lobbyist, Owen handled a number of significant cases dealing with Indian land issues. Most notably, in 1900 he took on a celebrated case on behalf of the Eastern Cherokees against the US Government, seeking compensation which the Cherokees claimed was due to them under a treaty of 1835 for eastern lands lost at the time of the Indian removals. In 1906, after six years, Owen won the case and obtained compensation of close to $5 million for the Eastern Cherokees. He was also successful in his handling of important cases for the Western Cherokees, Choctaws and Chickasaws. Beyond his obvious drive and ambition, neither his legal nor his political career was to be hampered by Owen's physical presence. He was a tall man of erect bearing, who kept a full head of hair to the end of his life. One contemporary newspaper profile described him as looking "like a leading man in a society drama." The ''New York Times'' spoke of him on his arrival in the Senate as "the square-jawed, black eyed, lithe young man from the West" and continued that "The Senator's voice is his most impressive asset. Liquid and soft in quality when he is talking dispassionately, it is as harsh and rasping as a file when he is aroused." By the time he launched his political career, the combination of Owen's lucrative legal and lobbying practice, sometimes controversial land deals, and business activities including investments in ranching, mining and oil, had made him a wealthy man.


Political career

Owen served as a member of the
Democratic National Committee The Democratic National Committee (DNC) is the governing body of the United States Democratic Party. The committee coordinates strategy to support Democratic Party candidates throughout the country for local, state, and national office, as well a ...
during 1892–1896. He helped promote passage of an act in 1901 to give citizenship to residents of
Indian Territory The Indian Territory and the Indian Territories are terms that generally described an evolving land area set aside by the Federal government of the United States, United States Government for the relocation of Native Americans in the United St ...
. He subsequently played a leading role in the group that in 1905 organized the
Sequoyah Constitutional Convention The Sequoyah Constitutional Convention was an American Indian-led attempt to secure statehood for Indian Territory as an Indian-controlled jurisdiction, separate from the Oklahoma Territory. The proposed state was to be called the State of Sequoya ...
in pursuit of the admission of Indian Territory to the Union as the
State of Sequoyah The State of Sequoyah was a proposed state to be established from the Indian Territory in the eastern part of present-day Oklahoma. In 1905, with the end of tribal governments looming (as prescribed by the Curtis Act of 1898), Native Americans ...
. Despite receiving overwhelming support in a referendum, the Sequoyah campaign ran—entirely predictably—into the opposition of President
Theodore Roosevelt Theodore Roosevelt Jr. ( ; October 27, 1858 – January 6, 1919), often referred to as Teddy or by his initials, T. R., was an American politician, statesman, soldier, conservationist, naturalist, historian, and writer who served as the 26t ...
and many in Congress, and Indian Territory was combined with
Oklahoma Territory The Territory of Oklahoma was an organized incorporated territory of the United States that existed from May 2, 1890, until November 16, 1907, when it was joined with the Indian Territory under a new constitution and admitted to the Union as th ...
to be admitted into the Union in 1907 as the state of Oklahoma. Owen was active in a number of efforts to increase popular control of government. He was also a consistent supporter of
Prohibition Prohibition is the act or practice of forbidding something by law; more particularly the term refers to the banning of the manufacture, storage (whether in barrels or in bottles), transportation, sale, possession, and consumption of alcoholic ...
(it was common in late 19th and early 20th century America for supporters of Prohibition also to be supporters of popular control of government, and vice versa). He campaigned for women's suffrage (though it did not make it into Oklahoma's original statehood constitution). He also worked successfully to place the direct primary, the initiative and referendum, and the recall (a combination of measures sometimes described as the
Oregon System The Oregon Direct Legislation League was an organization of political activists founded by William S. U'Ren in the U.S. state of Oregon in 1898. U'Ren had been politically activated by reading the influential 1893 book ''Direct Legislation Through t ...
) in Oklahoma's state constitution. He was a sometimes outspoken critic of corruption in politics. He was among the organizers of the National Popular Government League, and served as its president from 1913 until 1928. By the time of statehood and the 1907 elections that accompanied it, local Democrats had managed to harness popular resentment of large corporate
trusts A trust is a legal relationship in which the holder of a right gives it to another person or entity who must keep and use it solely for another's benefit. In the Anglo-American common law, the party who entrusts the right is known as the "settl ...
to overturn the earlier Republican political dominance of Oklahoma Territory. In the words of a history of Oklahoma politics, "The November elections of 1907 made Oklahoma a Democratic state for half a century to come." Owen himself first ran in a non-binding primary for U.S. Senator. The Democrats of Indian Territory recommended him to the voters as a "statesman, lawyer, businessman," and, significantly, "as an Indian." Owen took first place in the primary and was subsequently officially elected by the legislature as a Democrat to the
United States Senate The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and pow ...
. As two senators were being elected simultaneously, Owen and
Thomas Gore Thomas Pryor Gore (December 10, 1870March 16, 1949) was an American politician who served as one of the first two United States senators from Oklahoma, from 1907 to 1921 and again from 1931 to 1937. He first entered politics as an activist for ...
, the two men entered a lottery to determine which of them should serve the longer and which the shorter term before needing to run for re-election. Owen won the draw, and hence went on, as a member of the Senate's Class 2, to serve a first term of over five years, ending on March 4, 1913. Owen was elected
United States Senate Democratic Conference Secretary The Democratic Caucus of the United States Senate, sometimes referred to as the Democratic Conference, is the formal organization of all senators who are part of the Democratic Party in the United States Senate. For the makeup of the 117th Cong ...
on December 3, 1913, despite not being sworn in officially as a U.S. Senator until December 11. Owen was to be re-elected in 1912, after defeating a serious primary challenge from former Governor Charles Haskell, and again (without serious challenge) in 1918. He served all told from December 11, 1907, to March 4, 1925. Owen reportedly maintained a mailing list of 300,000 names. As a newly elected senator, Owen campaigned actively on behalf of
William Jennings Bryan William Jennings Bryan (March 19, 1860 – July 26, 1925) was an American lawyer, orator and politician. Beginning in 1896, he emerged as a dominant force in the History of the Democratic Party (United States), Democratic Party, running ...
in the presidential election of 1908; the two men were to remain political allies for many years. On his arrival in the Senate, Owen became the second senator at the time with acknowledged Native American ancestry, alongside Republican Senator (and future
Vice-President of the United States The vice president of the United States (VPOTUS) is the second-highest officer in the executive branch of the U.S. federal government, after the president of the United States, and ranks first in the presidential line of succession. The vice pr ...
)
Charles Curtis Charles Curtis (January 25, 1860 – February 8, 1936) was an American attorney and Republican politician from Kansas who served as the 31st vice president of the United States from 1929 to 1933 under Herbert Hoover. He had served as the Sena ...
of Kansas, whose maternal side was three-quarters' Native American, of ethnic
Kaw Kaw or KAW may refer to: Mythology * Kaw (bull), a legendary bull in Meitei mythology * Johnny Kaw, mythical settler of Kansas, US * Kaw (character), in ''The Chronicles of Prydain'' People * Kaw people, a Native American tribe Places * Kaw, Fr ...
,
Osage The Osage Nation, a Native American tribe in the United States, is the source of most other terms containing the word "osage". Osage can also refer to: * Osage language, a Dhaegin language traditionally spoken by the Osage Nation * Osage (Unicode b ...
and
Pottawatomie The Potawatomi , also spelled Pottawatomi and Pottawatomie (among many variations), are a Native American people of the western Great Lakes region, upper Mississippi River and Great Plains. They traditionally speak the Potawatomi language, a m ...
ancestry. Curtis was the original author of the 1898
Curtis Act The Curtis Act of 1898 was an amendment to the United States Dawes Act; it resulted in the break-up of tribal governments and communal lands in Indian Territory (now Oklahoma) of the Five Civilized Tribes of Indian Territory: the Choctaw, Chickasaw ...
, which dissolved the tribal governments of the
five civilized tribes The term Five Civilized Tribes was applied by European Americans in the colonial and early federal period in the history of the United States to the five major Native American nations in the Southeast—the Cherokee, Chickasaw, Choctaw, Creek ...
, including the Cherokee, and promoted the allotment of formerly communal tribal lands to individuals, with a view to encouraging the assimilation of Indians into mainstream U.S. society and the market economy (though the bill was heavily amended in committee, to the point where Curtis himself had reservations about the legislation in its final form). (See also ''Other issues'' below). Very shortly after Owen was elected to the Senate, his mother published her memoirs (replete with references to "my son, the United States Senator"). Narcissa's exploration of her own cultural identity as a part-Cherokee woman navigating mainstream U.S. society has recently attracted scholarly attention, and the memoirs were re-published by the University Press of Florida in a critical edition in 2005. In the words of the editor of the new edition:
arcissaOwen's identity becomes fluid in the process of self-representation: both less noble and less savage than the dominant culture has constantly demanded, she is a Cherokee, southerner, Confederate, Christian, friend, family member, teacher, community organizer, tribal translator, socialite, trickster, mother, Indian queen, wife, social activist, healer, painter, storyteller, widow and gardener, to name just a few.


Banking issues and formation of the Federal Reserve

Owen entered the Senate at a time of heightened concern over the volatility of the U.S. financial system, as exemplified by the
Panic of 1907 The Panic of 1907, also known as the 1907 Bankers' Panic or Knickerbocker Crisis, was a financial crisis that took place in the United States over a three-week period starting in mid-October, when the New York Stock Exchange fell almost 50% from ...
, during which, in the absence of a central bank, J. Pierpont Morgan had felt obliged to intervene personally to lead a rescue of the U.S. financial and banking system. Owen had taken a close personal interest in financial sector issues since his days at the First National Bank of Muscogee. Inter alia, he had traveled to Europe in the summer of 1898 to study the operation of major European central banks, including meeting senior officials at the
Bank of England The Bank of England is the central bank of the United Kingdom and the model on which most modern central banks have been based. Established in 1694 to act as the English Government's banker, and still one of the bankers for the Government of ...
and Germany's
Reichsbank The ''Reichsbank'' (; 'Bank of the Reich, Bank of the Realm') was the central bank of the German Reich from 1876 until 1945. History until 1933 The Reichsbank was founded on 1 January 1876, shortly after the establishment of the German Empi ...
. He made banking issues the subject of a pugnacious maiden speech in the Senate, which—unusually—was interrupted extensively by senators such as
Reed Smoot Reed Smoot (January 10, 1862February 9, 1941) was an American politician, businessman, and apostle of the Church of Jesus Christ of Latter-day Saints (LDS Church). First elected by the Utah State Legislature to the U.S. Senate in 1902, he served ...
,
Nelson Aldrich Nelson Wilmarth Aldrich (/ ˈɑldɹɪt͡ʃ/; November 6, 1841 – April 16, 1915) was a prominent American politician and a leader of the Republican Party in the United States Senate, where he represented Rhode Island from 1881 to 1911. By the ...
and
Charles Curtis Charles Curtis (January 25, 1860 – February 8, 1936) was an American attorney and Republican politician from Kansas who served as the 31st vice president of the United States from 1929 to 1933 under Herbert Hoover. He had served as the Sena ...
, who did not appreciate his attack on the power of the larger banks. During his early years in the Senate, Owen proposed a range of financial reforms, including several unsuccessful efforts to institute at the national level a system of insurance for bank deposits parallel to those operated in several states, including—from 1908 onward—Oklahoma (in the event, federal deposit insurance was not adopted until 1933). The 1912 elections saw the Democrats take control of the White House and the Senate (they already held the House). Owen lobbied successfully for the creation of a new Senate Committee on Banking and Currency, and then became its first chairman (a position he was to retain throughout 1913–1919). In this capacity, and working with the administration of President
Woodrow Wilson Thomas Woodrow Wilson (December 28, 1856February 3, 1924) was an American politician and academic who served as the 28th president of the United States from 1913 to 1921. A member of the Democratic Party, Wilson served as the president of ...
, Owen was to be the Senate sponsor of the
Federal Reserve Act The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States. The Panic ...
of 1913, also known as the Glass-Owen Act, which created the Federal Reserve System. A series of financial panics had convinced many that the United States needed an effective
lender of last resort A lender of last resort (LOLR) is the institution in a financial system that acts as the provider of liquidity to a financial institution which finds itself unable to obtain sufficient liquidity in the interbank lending market when other facil ...
comparable to the central banks found in European countries and other advanced economies. Many, too, saw a need for what was then described as a more "elastic" currency. This concept had multiple dimensions, including: (i) a money supply that could respond over time to the development of the real economy, and (ii) given that the U.S. economy was still heavily dependent on agricultural production, monetary arrangements able to handle the seasonal bulge in demand for credit as the yearly harvest worked its way through the distribution system, without draining money from the industrial and commercial sectors of the economy. This said, many Americans retained an almost visceral fear of the concept of a ''central'' bank as such. Informed debate at the time focused to a significant degree on issues of governance and control. In common with other congressional Progressives, Owen opposed a proposal from Senator Aldrich for a system explicitly controlled by the large banks. Owen countered, in the words of an early biographer, that "the remedy presented in the form of the 'Aldrich Plan of 1912' was not satisfactory because it provided for private control of what should be a great public utility banking system." In the months following his election and subsequent assumption of office, President Wilson held meetings with the authors of three competing proposals for the Federal Reserve:
Rep.
Carter Glass Carter Glass (January 4, 1858 – May 28, 1946) was an American newspaper publisher and Democratic politician from Lynchburg, Virginia. He represented Virginia in both houses of Congress and served as the United States Secretary of the Treasu ...
proposed a decentralized and private sector-dominated system, with a board made up primarily of private bankers, 20 or more regional reserve banks, and with currency a private bank liability. Glass, a southern Democrat with a marked antipathy to centralized power, intended his proposal to be differentiated from the (similarly private sector-dominated) Aldrich Plan largely by the absence of a central institution, but to Glass's horror, Wilson told him to add a central agency (in Wilson's own word, a "capstone") to his model. U.S. Treasury Secretary
William Gibbs McAdoo William Gibbs McAdoo Jr.McAdoo is variously differentiated from family members of the same name: * Dr. William Gibbs McAdoo (1820–1894) – sometimes called "I" or "Senior" * William Gibbs McAdoo (1863–1941) – sometimes called "II" or "Ju ...
(soon to become Wilson's son-in-law) proposed the most centralized model, featuring a Government central bank within the Treasury Department, no regional reserve system, and currency a government liability. Owen's own proposal, drafted with the assistance of the Republican economist (and former Assistant Secretary of the Treasury)
A. Piatt Andrew Abram Piatt Andrew Jr. (February 12, 1873 – June 3, 1936) was an American economist and politician who served as Assistant Secretary of the Treasury, the founder and director of the American Ambulance Field Service during World War I, and a m ...
, represented something of a middle way between the other two proposals. It included a national currency board appointed by the Government, eight regional reserve banks, and currency as a government liability. Owen's proposal received support from his Progressive ally, Secretary of State
William Jennings Bryan William Jennings Bryan (March 19, 1860 – July 26, 1925) was an American lawyer, orator and politician. Beginning in 1896, he emerged as a dominant force in the History of the Democratic Party (United States), Democratic Party, running ...
, and the bill that Wilson sent to the Congress was closest to Owen's model.
During the ensuing months of tortuous debate, Owen failed to maintain effective control over his committee, whose deliberations tended to lag behind those of Glass's committee in the House. At one stage in August 1913, Owen even wavered publicly in his own support for a regional structure, before being brought back into line by Wilson personally. Owen's committee eventually split down the middle between Owen's own version of the bill and a more centralized alternative promoted by Senator
Gilbert Hitchcock Gilbert Monell Hitchcock (September 18, 1859February 3, 1934) was an American congressman and U.S. Senator from Nebraska, and the founder of the ''Omaha World-Herald'' newspaper. Life and career Born in Omaha, Nebraska, Hitchcock was the son ...
, a Nebraska Democrat who had become something of a political rival at state level of Owen's ally Bryan. To break the deadlock, the committee agreed to report out both bills to the full Senate, without a recommendation. Wilson, who had been maintaining a close watch over the legislation's progress, intervening when he considered it necessary, then ordered the Senate Democrats to meet in caucus to line the party up behind Owen's bill, making the vote a matter of party loyalty. On December 19, 1913, the Senate first defeated Hitchcock's bill by the narrow margin of 43–41, after which six Republicans joined all the Democrats to endorse Owen's bill by a more comfortable vote of 54–34. The
Federal Reserve Act The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States. The Panic ...
was signed into law on December 23, 1913. As signed, the Act remained closer to Owen's plan than to any of the alternatives that had been discussed publicly. It provided for greater government involvement than the proposals of Aldrich and Glass, in particular in the appointment of the members of the central Federal Reserve Board, while putting bankers in each region in charge of the twelve (regional) Federal Reserve Banks. The 1913 compromise left important issues to be settled ''after'' the Federal Reserve System actually began operations, including the exact nature of the relationship between the Federal Reserve Board and the Federal Reserve Banks, and how coordination was to be achieved between the different Federal Reserve Banks. A leading student of the history of the Federal Reserve has described the 1913 compromise as follows:
The Federal Reserve began operations ... as a peculiar hybrid, a partly public, partly private institution, intended to be independent of political influence with principal officers of the government on its supervisory board, endowed with central banking functions, but not a central bank. Each of the twelve semiautonomous reserve banks set its own discount rates, subject to the approval of the Federal Reserve Board in Washington, made its own policy decisions, and set its own standards for what was eligible for discounting.
Differences of view over the Federal Reserve's mandate began to become increasingly open in the aftermath of the First World War. In the words of a detailed study of Owen's role in shaping the Fed:
Owen and others viewed price stability and moderate interest rates as key objectives while most other early Fed leaders preferred to focus on maintaining the international gold standard and the strength of the banking system.
Owen became critical of what he viewed as the Federal Reserve's propensity during the early 1920s and again in the early 1930s to follow deflationary monetary policies. Writing in 1934, he stated that he had attempted in the Senate version of the Federal Reserve Bill to mandate the Federal Reserve to pursue a stable price level (i.e., avoiding both significant inflation ''and'' deflation), but that this provision had been struck out of the House version of the Bill (managed by Glass) due to what he described as "secret hostilities" — which he implied originated with the largest banks. He further recalled his opposition at the time to the deflationary policies pursued during 1920–1921. Referring to the period from 1929 to 1933 he continued:
Again, under President Hoover, the contraction of credit took place on such a colossal scale as to force the dollar index (purchasing power) to 166. The consequence was universal bankruptcy, every bank in the United States being forced to suspend operations at the close of Hoover's services.
Owen's argument that the Federal Reserve's deflationary stance was largely responsible for causing the Great Depression would have been considered unorthodox at the time he made it. In more recent decades, however, such a view has come to be widely accepted, due in large part to the influence of the 1963 study ''
A Monetary History of the United States ''A Monetary History of the United States, 1867–1960'' is a book written in 1963 by Nobel Prize–winning economist Milton Friedman and Anna J. Schwartz. It uses historical time series and economic analysis to argue the then-novel proposition th ...
'' by
Milton Friedman Milton Friedman (; July 31, 1912 – November 16, 2006) was an American economist and statistician who received the 1976 Nobel Memorial Prize in Economic Sciences for his research on consumption analysis, monetary history and theory and the ...
and
Anna J. Schwartz Anna Jacobson Schwartz (pronounced ; November 11, 1915 – June 21, 2012) was an American economist who worked at the National Bureau of Economic Research in New York City and a writer for ''The New York Times''. Paul Krugman has said that Schwar ...
. Beyond his work on the Federal Reserve Act, Owen helped to pass the
Federal Farm Loan Act The Federal Farm Loan Act of 1916 () was a United States federal law aimed at increasing credit to rural family farmers. It did so by creating a federal farm loan board, twelve regional farm loan banks and tens of farm loan associations. The act ...
of 1916, which provided credit to small farmers through co-operatives. Owen's role in the creation of the Federal Reserve is commemorated by Robert Latham Owen Park on the grounds of the Federal Reserve in
Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...
''(see photograph)''.


Committee chairmanships

Owen's chairmanship of the Committee on Banking and Currency through three Congresses, discussed in the section above, was his most prominent chairmanship by far. His other chairmanships were, by comparison, relatively mundane (if not obscure) in nature. Committee on Indian Depredations, Sixty-second Congress (1911–1913). This committee had the narrow focus of overseeing claims under the Indian Depredation Act, which allowed for citizen claims against the federal government for crimes committed by Native Americans. Together with many other committees by then considered obsolete, the committee was to be wound up in 1921 under a major rationalization. The evidence suggests that Owen assumed the leadership of the committee briefly following the death of the original chairman in November 1912. Committee on Pacific Railroads, Sixty-second Congress (1911–1913). This committee was appointed following an investigation into the finances of the
Union Pacific Railroad The Union Pacific Railroad , legally Union Pacific Railroad Company and often called simply Union Pacific, is a freight-hauling railroad that operates 8,300 locomotives over routes in 23 U.S. states west of Chicago and New Orleans. Union Paci ...
, which was heavily indebted to the United States Government (it was first established as a select committee in 1889 and became a standing committee in 1893). This committee, too, was to be terminated in 1921. Committee on Banking and Currency, Sixty-third through Sixty-fifth Congresses (1913–1919). See ''Banking issues and formation of the Federal Reserve'' above. Committee on the Five Civilized Tribes of Indians, Sixty-sixth Congress (1919–1921). The
Five Civilized Tribes The term Five Civilized Tribes was applied by European Americans in the colonial and early federal period in the history of the United States to the five major Native American nations in the Southeast—the Cherokee, Chickasaw, Choctaw, Creek ...
is a term that historically was applied to the
Cherokee The Cherokee (; chr, ᎠᏂᏴᏫᏯᎢ, translit=Aniyvwiyaʔi or Anigiduwagi, or chr, ᏣᎳᎩ, links=no, translit=Tsalagi) are one of the indigenous peoples of the Southeastern Woodlands of the United States. Prior to the 18th century, t ...
,
Chickasaw The Chickasaw ( ) are an indigenous people of the Southeastern Woodlands. Their traditional territory was in the Southeastern United States of Mississippi, Alabama, and Tennessee as well in southwestern Kentucky. Their language is classified as ...
,
Choctaw The Choctaw (in the Choctaw language, Chahta) are a Native American people originally based in the Southeastern Woodlands, in what is now Alabama and Mississippi. Their Choctaw language is a Western Muskogean language. Today, Choctaw people are ...
, Creek, and
Seminole The Seminole are a Native American people who developed in Florida in the 18th century. Today, they live in Oklahoma and Florida, and comprise three federally recognized tribes: the Seminole Nation of Oklahoma, the Seminole Tribe of Florida, an ...
. All had a significant presence in
Oklahoma Oklahoma (; Choctaw language, Choctaw: ; chr, ᎣᎧᎳᎰᎹ, ''Okalahoma'' ) is a U.S. state, state in the South Central United States, South Central region of the United States, bordered by Texas on the south and west, Kansas on the nor ...
. Owen was the last chairman of the committee, which was another of those wound up in 1921. Owen paid consistent attention throughout his time in the Senate to issues that affected Indian groups (both these five tribes and others), and was actively involved in debates over Indian land rights (see ''Other issues'' below) and Indian mineral rights cases, as well as disputes over membership in different Indian nations. It is not, however, clear that he made any special use of his chairmanship to promote significant new initiatives. Beyond his chairmanships, Owen's committee assignments included service inter alia on: (i) Banking and Currency after the end of his chairmanship; (ii)
Indian Affairs The Bureau of Indian Affairs (BIA), also known as Indian Affairs (IA), is a United States federal agency within the Department of the Interior. It is responsible for implementing federal laws and policies related to American Indians and Al ...
in all but the 64th Congress; and (iii) Appropriations from the 62nd through the 67th Congress.


Other issues

Although remembered primarily for his role in the establishment of the Federal Reserve, Owen worked on a wide range of other issues during his time in the Senate, many of which either reflected the policy agenda of the
Progressive Movement Progressivism holds that it is possible to improve human societies through political action. As a political movement, progressivism seeks to advance the human condition through social reform based on purported advancements in science, techno ...
or had a direct bearing on the interests of his constituents. In 1908, he helped to pass the Removal of Restrictions Act, which lifted then-prevailing restrictions on the sale of many of the individual allotments of Indian land in Oklahoma, an issue on which he had run in 1907. This extended an earlier process of converting Indian lands from communal to individual ownership. These policies have long been controversial. Critics of converting Indian land from collective to individual tenure (and removing restrictions on its alienation) have argued that: (i) traditional tribal structures were thereby undermined, and (ii) many Indians were induced to part with their land rights on unfavorable terms. Owen countered that the restrictions were paternalistic in spirit, bureaucratically applied, ineffective in their stated goal of protecting Indians from exploitation, and an obstacle to economic development. In common with
Woodrow Wilson Thomas Woodrow Wilson (December 28, 1856February 3, 1924) was an American politician and academic who served as the 28th president of the United States from 1913 to 1921. A member of the Democratic Party, Wilson served as the president of ...
, Owen was a supporter of lowering
tariffs A tariff is a tax imposed by the government of a country or by a supranational union on imports or exports of goods. Besides being a source of revenue for the government, import duties can also be a form of regulation of foreign trade and polic ...
. He made an exception for the oil industry, where he argued that protection was needed for small independent producers, such as those in his state, against the ability of
Standard Oil Standard Oil Company, Inc., was an American oil production, transportation, refining, and marketing company that operated from 1870 to 1911. At its height, Standard Oil was the largest petroleum company in the world, and its success made its co-f ...
to import large volumes of cheap Mexican oil. Standard Oil was one of several
trusts A trust is a legal relationship in which the holder of a right gives it to another person or entity who must keep and use it solely for another's benefit. In the Anglo-American common law, the party who entrusts the right is known as the "settl ...
that Owen opposed during the course of his public career. He sought unsuccessfully to strengthen the
Sherman Anti-Trust Act The Sherman Antitrust Act of 1890 (, ) is a United States antitrust law which prescribes the rule of free competition among those engaged in commerce. It was passed by Congress and is named for Senator John Sherman, its principal author. Th ...
. In 1916, he attacked what he described as the "Lumber Trust," which he said had bribed members of the Illinois legislature to elect William Lorimer to the Senate in 1909 (Lorimer's election had been overturned in 1912 due to evidence of "corrupt methods" including vote-buying), and had, Owen said, subsequently retaliated against Owen himself for his role in exposing the Lorimer scandal by funding efforts to defeat his own re-election. Owen made several unsuccessful efforts to mandate effective disclosure of corporate campaign contributions in the interests of open government. He was a supporter of the Sixteenth Amendment, passed by the Congress in 1909, which allowed the Congress to levy an
income tax An income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income). Income tax generally is computed as the product of a tax rate times the taxable income. Tax ...
without apportioning it among the states or basing it on census results; a federal income tax was required inter alia to make up for the revenues lost to the federal government by reductions in tariff rates. In the Senate, Owen continued his work in support of greater popular control of government. He made repeated attempts, starting in 1907, to propose a constitutional amendment providing for the direct public election of U.S. Senators, in place of election by state legislatures, until the Senate passed the Seventeenth Amendment to this effect in 1911. He also continued his strong support for extending the franchise to women (while opposing an amendment that would have restricted the franchise to whites only), until the successful passage in 1919 of the Nineteenth Amendment. He made several unsuccessful attempts to have the initiative and referendum adopted at federal level. He also campaigned unsuccessfully for the election and recall of federal judges, and to prevent federal courts from declaring acts of Congress unconstitutional, a power which, he argued, they had assumed illegally. He was likewise unsuccessful in his efforts to make it easier to amend the Constitution In 1911, Republicans were blocking the admission of
Arizona Arizona ( ; nv, Hoozdo Hahoodzo ; ood, Alĭ ṣonak ) is a state in the Southwestern United States. It is the 6th largest and the 14th most populous of the 50 states. Its capital and largest city is Phoenix. Arizona is part of the Fou ...
to statehood, while planning to admit
New Mexico ) , population_demonym = New Mexican ( es, Neomexicano, Neomejicano, Nuevo Mexicano) , seat = Santa Fe , LargestCity = Albuquerque , LargestMetro = Tiguex , OfficialLang = None , Languages = English, Spanish ( New Mexican), Navajo, Ker ...
. Their declared grounds for opposing statehood for Arizona were that Arizona's constitution included the initiative, the referendum and the right of recall—the "Oregon System" of enhanced public sovereignty that Owen had long supported. It was, however, also generally expected that Arizona would return two Democrats to the Senate, while New Mexico was expected to favor Republicans. Owen filibustered the Senate for twelve hours until he had forced a Senate vote on the joint admission of both states. During the course of his filibuster, a message was brought to him that, if he would come to the President ( Taft), a sincere effort would be made to reach an accommodation over Arizona. Owen responded "Present my compliments to the President, and advise him that at present I am engaged in addressing the Presidents of the United States." From 1910 onwards, with the encouragement of his brother William, a medical doctor who served for many years with the U.S. Army, Owen campaigned unsuccessfully for the establishment of a cabinet-level Department of Health within the Federal Government. He promoted information on the achievements of Dr.
Walter Reed Walter Reed (September 13, 1851 – November 22, 1902) was a U.S. Army physician who in 1901 led the team that confirmed the theory of Cuban doctor Carlos Finlay that yellow fever is transmitted by a particular mosquito species rather than b ...
and the Yellow Fever Commission, in part to demonstrate the potential of systematically organized programs in the field of public health. His efforts to create a cabinet-level Department of Education, initiated in 1917, similarly failed to achieve success during his own lifetime. A combined
Department of Health, Education and Welfare The United States Department of Health and Human Services (HHS) is a cabinet-level executive branch department of the U.S. federal government created to protect the health of all Americans and providing essential human services. Its motto is ...
was eventually added to the cabinet under President
Eisenhower Dwight David "Ike" Eisenhower (born David Dwight Eisenhower; ; October 14, 1890 – March 28, 1969) was an American military officer and statesman who served as the 34th president of the United States from 1953 to 1961. During World War II, ...
in April 1953. Owen was actively involved in efforts to outlaw
child labor Child labour refers to the exploitation of children through any form of work that deprives children of their childhood, interferes with their ability to attend regular school, and is mentally, physically, socially and morally harmful. Such e ...
. He served as co-sponsor of the Keating-Owen Act of 1916, aimed at prohibiting the sale in interstate commerce of goods manufactured with child labor in the United States. In 1918, the Act was struck down as unconstitutional by a five-to-four decision of the
Supreme Court A supreme court is the highest court within the hierarchy of courts in most legal jurisdictions. Other descriptions for such courts include court of last resort, apex court, and high (or final) court of appeal. Broadly speaking, the decisions of ...
in '' Hammer v. Dagenhart'', evincing a noted dissent by Justice Oliver Wendell Holmes. Following the Court's decision, Owen initially made an unsuccessful attempt to pass the legislation again with limited modification. In the event, the Congress responded to the Court's decision with the Child Labor Tax Law of 1919, which would have taxed products from child labor (and which in turn was declared unconstitutional in 1922 by an 8 to 1 vote in ''
Bailey v. Drexel Furniture Co. ''Bailey v. Drexel Furniture Co.'', 259 U.S. 20 (1922), was a United States Supreme Court case in which the Court ruled the 1919 Child Labor Tax Law unconstitutional as an improper attempt by Congress to penalize employers using child labor. Th ...
''). In 1924, the Congress sought to amend the Constitution to give itself the power to regulate child labor. Finally, in 1941, after Owen's retirement from active political life, a unanimous Supreme Court in ''
United States v. Darby Lumber Co. ''United States v. Darby Lumber Co.'', 312 U.S. 100 (1941), was a case in which the United States Supreme Court upheld the Fair Labor Standards Act of 1938, holding that the U.S. Congress had the power under the Commerce Clause to regulate emplo ...
'' overruled the 1918 decision (in the process endorsing and going beyond the principles set forth in Holmes's dissent) and ruled that the
Commerce Clause The Commerce Clause describes an enumerated power listed in the United States Constitution ( Article I, Section 8, Clause 3). The clause states that the United States Congress shall have power "to regulate Commerce with foreign Nations, and amon ...
gave Congress the right to regulate conditions of employment. Owen was a close ally of President
Wilson Wilson may refer to: People * Wilson (name) ** List of people with given name Wilson ** List of people with surname Wilson * Wilson (footballer, 1927–1998), Brazilian manager and defender * Wilson (footballer, born 1984), full name Wilson Ro ...
over American involvement in
World War I World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fightin ...
. In 1920 he withheld his support from the campaign for renomination of his fellow-Democratic Senator from Oklahoma,
Thomas Gore Thomas Pryor Gore (December 10, 1870March 16, 1949) was an American politician who served as one of the first two United States senators from Oklahoma, from 1907 to 1921 and again from 1931 to 1937. He first entered politics as an activist for ...
, over Gore's repeated criticisms of Wilson's positions on the war and the peace. Gore was then defeated in the Democratic primary by Rep.
Scott Ferris Scott Ferris (November 3, 1877 – June 8, 1945) was a U.S. Representative from Oklahoma. Early life Ferris was born in Neosho, Missouri to Scott and Annie M. Ferris.
, who, however, went on to lose in the general election to Republican
John W. Harreld John William Harreld (January 24, 1872December 26, 1950) was a United States representative and United States Senate, Senator from Oklahoma. Harreld was the first Republican Party (United States), Republican senator elected in Oklahoma and repre ...
(Gore eventually returned to the Senate following re-election in 1930). Owen worked unsuccessfully after the war to salvage Wilson's hopes for U.S. participation in the
League of Nations The League of Nations (french: link=no, Société des Nations ) was the first worldwide intergovernmental organisation whose principal mission was to maintain world peace. It was founded on 10 January 1920 by the Paris Peace Conference that ...
. In January 1920, at a time when the ailing Wilson himself refused to countenance any U.S. reservations to the league's Covenant, and the influential Republican Senator
Henry Cabot Lodge Henry Cabot Lodge (May 12, 1850 November 9, 1924) was an American Republican politician, historian, and statesman from Massachusetts. He served in the United States Senate from 1893 to 1924 and is best known for his positions on foreign policy. ...
refused to accept membership ''without'' reservations, Owen issued a call for bipartisan compromise. A small group from both parties (including Lodge) then made substantial progress towards agreement, against Wilson's intense opposition. However, when the "irreconcilable" anti-League Senator
William Borah William Edgar Borah (June 29, 1865 – January 19, 1940) was an outspoken History of the United States Republican Party, Republican United States Senator, one of the best-known figures in History of Idaho, Idaho's history. A Progressivism ...
learnt of the bipartisan discussions, he pressured Lodge into pulling out. Owen was concerned about the prospects for international economic recovery after the war. In November 1919, he wrote to Wilson warning that the
gold standard A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the la ...
had temporarily broken down, and urging the President to convene an International Exchange Conference to address the problem; he also emphasized the importance, in the post-war period, of the United States helping the European countries to obtain credit via the marketing of their securities. Owen made unsuccessful attempts in the early post-war years to promote the establishment of a Foreign Finance Corporation (and/or a Federal Reserve Foreign Bank) to help expand credit for international trade.


Campaign for Presidency and final years in politics

Owen launched a run for the Presidency in Oklahoma on May 19, 1919, and undertook a tour of several states, seeking support, in the spring of 1920. He published a number of books during this period, publicizing his involvement in the passage of the Federal Reserve Act and his views on a variety of economic and foreign policy issues (see ''Works by Robert Latham Owen'' below). Owen received some indications of support from his fellow-Progressive and long-time ally, the party's three-time standard-bearer
William Jennings Bryan William Jennings Bryan (March 19, 1860 – July 26, 1925) was an American lawyer, orator and politician. Beginning in 1896, he emerged as a dominant force in the History of the Democratic Party (United States), Democratic Party, running ...
, who joined him on his campaign visits to some of the Western states, but Bryan's support for Owen was lukewarm, his influence in the party was past his peak, and he placed much of his focus in 1920 on promoting the cause of prohibition, the main theme of his eventual speech at the convention. Bryan declined to run for the nomination himself for multiple reasons — his health was problematic (he described himself to one journalist as "at the end of life") and he expected the Democrats to go down to defeat — though he privately left open the possibility of accepting the nomination in exceptional circumstances. Owen, for his part, gained few significant endorsements. By the time of the 1920 Democratic National Convention in San Francisco, whatever Owen's own ambitions, his candidacy had a "favorite son" appearance to it. He received 33 votes on the first ballot, which increased to 41 on the twentieth ballot. His support came primarily from his own state, together with some votes from Nebraska (Bryan's adopted state). On the fortieth ballot he again received 33 votes, putting him in fourth place. The Oklahoma delegates remained loyal until on the forty-fourth ballot Owen released them so as to ensure a unanimous vote for the Party's nominee
Governor of Ohio A governor is an administrative leader and head of a polity or political region, ranking under the head of state and in some cases, such as governors-general, as the head of state's official representative. Depending on the type of political ...
James M. Cox James Middleton Cox (March 31, 1870 July 15, 1957) was an American businessman and politician who served as the 46th and 48th governor of Ohio, and a two-term U.S. Representative from Ohio. As the Democratic nominee for President of the United S ...
. The chronicler of Owen's senatorial career relates that "efforts to secure Owen's consent to accept the nomination for vice-president failed," but any such efforts do not appear to have originated with the Party's nominee, who was decisive in his preference for
Franklin Delano Roosevelt Franklin Delano Roosevelt (; ; January 30, 1882April 12, 1945), often referred to by his initials FDR, was an American politician and attorney who served as the 32nd president of the United States from 1933 until his death in 1945. As the ...
as his running mate. The Cox-Roosevelt slate went down to defeat by a landslide. Owen's later views on international affairs did not escape controversy. Though initially a firm supporter of the Treaty of Versailles, including its assertion of German responsibility for the outbreak of
World War I World War I (28 July 1914 11 November 1918), often abbreviated as WWI, was one of the deadliest global conflicts in history. Belligerents included much of Europe, the Russian Empire, the United States, and the Ottoman Empire, with fightin ...
, during 1923 his views changed radically under the influence of "revisionist" studies, including the publication of extensive (though incomplete) materials from the diplomatic archives of the pre-War Tsarist Russian Foreign Office. He made a major speech in the Senate on 18 December 1923 attributing primary responsibility for the war to France and (especially) Russia rather than Germany. Owen hoped that a public revisiting of the issue of war guilt might encourage reversal of some of the penal clauses imposed on Germany under the Versailles settlement, and pave the way to reconciliation between Germany and France, but his attempts to promote a Senate investigation of the war guilt question were narrowly defeated, largely along party lines — with many of his fellow Democrats concerned not to undermine the reputation of Woodrow Wilson — while an expert report prepared by the Legislative Research Service of the Library of Congress, though broadly supportive of Owen's arguments, was in the event never published as it was considered unlikely to obtain the support of the Senate Foreign Relations Committee. In 1926, following his retirement from the Senate, Owen was to publish a book advancing his revisionist thesis, under the title: ''The Russian Imperial Conspiracy, 1892-1914: The Most Gigantic Intrigue of all Time''. Owen wrote of the convictions underlying his efforts on the war guilt issue:
The Germans did not will the war. It was forced on them by the Russian Imperialists ... The German, Russian, French, Belgian and allied peoples became alike the sorrowful victims ... ''The happiness and future peace of the world require the reconciliation of the German and French people''.
This said, some have seen Owen's preoccupation with the war guilt question as, at least to some degree, symptomatic of a growing detachment on his part from current U.S. political issues following the Democrats' loss of the 1920 elections. On the domestic front, the Harding administration's "return to normalcy" offered little scope for further advances on Owen's Progressive agenda; in international affairs, the post-1920 turn of U.S. policy towards isolationism and protectionism also ran counter to his long-held principles. In February 1924, Owen announced that he would not run for re-election, and on March 4, 1925, at the age of 69, he retired from the Senate. Owen did not campaign for the presidency in 1924, though when the
Democratic Convention The Democratic National Convention (DNC) is a series of presidential nominating conventions held every four years since 1832 by the United States Democratic Party. They have been administered by the Democratic National Committee since the 1852 ...
of that year reached its hundredth indecisive ballot, some 20 delegates cast their votes for him. A leading student of Owen's political career sums up his overall assessment as follows:
If Owen failed to live up to the expectations of his own ambition, he was in any case an industrious and productive United States senator of the first order.


Later life and death

On Owen's retirement, the Democratic Party failed to retain his seat in the Senate. This reflected a split in the party over the candidacy of former Oklahoma Governor
Jack C. Walton John Calloway Walton (March 6, 1881 – November 25, 1949) was an American politician and the fifth governor of Oklahoma. He served the shortest term of any Governor of Oklahoma, being the first Governor in the state's history to be removed from ...
, who had been impeached and removed from office as governor in November 1923, over accusations (''inter alia'') that he had acted unconstitutionally in suspending
habeas corpus ''Habeas corpus'' (; from Medieval Latin, ) is a recourse in law through which a person can report an unlawful detention or imprisonment to a court and request that the court order the custodian of the person, usually a prison official, t ...
in the face of race riots fanned by the
Ku Klux Klan The Ku Klux Klan (), commonly shortened to the KKK or the Klan, is an American white supremacist, right-wing terrorist, and hate group whose primary targets are African Americans, Jews, Latinos, Asian Americans, Native Americans, and ...
. Although Walton won the nomination, largely on an anti-Klan platform, many local Democratic leaders, including Owen, declined to support his candidacy, and the seat was won in a landslide by the Republican candidate,
William B. Pine William Bliss Pine (December 30, 1877August 25, 1942) was an American businessman who served as United States Senator from Oklahoma. Born in Illinois, he moved to Kansas and finally Oklahoma, where he became a prominent businessman and oil produce ...
. The seat reverted to Democratic control in 1930 when
Thomas Gore Thomas Pryor Gore (December 10, 1870March 16, 1949) was an American politician who served as one of the first two United States senators from Oklahoma, from 1907 to 1921 and again from 1931 to 1937. He first entered politics as an activist for ...
was re-elected to the Senate. After his retirement from the Senate, Owen initially practiced law and undertook lobbying in
Washington, D.C. ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan, ...
In 1923, he formally adopted his only grandchild, who took the name Robert Latham Owen III. In the 1928 Presidential election, Owen felt unable to support his party's nominee
Al Smith Alfred Emanuel Smith (December 30, 1873 – October 4, 1944) was an American politician who served four terms as Governor of New York and was the Democratic Party's candidate for president in 1928. The son of an Irish-American mother and a C ...
, due to Smith's strong anti-prohibition position and his connections to
Tammany Hall Tammany Hall, also known as the Society of St. Tammany, the Sons of St. Tammany, or the Columbian Order, was a New York City political organization founded in 1786 and incorporated on May 12, 1789 as the Tammany Society. It became the main loc ...
; to his subsequent deep regret, he became the first prominent Democrat to endorse the candidacy of Republican
Herbert Hoover Herbert Clark Hoover (August 10, 1874 – October 20, 1964) was an American politician who served as the 31st president of the United States from 1929 to 1933 and a member of the Republican Party, holding office during the onset of the Gr ...
. He returned to the Democratic fold in 1932 to give a strong endorsement to
Franklin Delano Roosevelt Franklin Delano Roosevelt (; ; January 30, 1882April 12, 1945), often referred to by his initials FDR, was an American politician and attorney who served as the 32nd president of the United States from 1933 until his death in 1945. As the ...
. In retirement, Owen worked on a personal proposal to develop and promote a universal alphabet based on phonetic principles. He was inducted into the Oklahoma Hall of Fame in 1941."Oklahoma Hall of Fame: Hon. Robert Latham Owen." In his later years Owen was functionally blind. His wife predeceased him in 1946, and he died in Washington of complications from prostate surgery on July 19, 1947. He was buried in Spring Hill Cemetery,
Lynchburg, Virginia Lynchburg is an independent city (United States), independent city in the Commonwealth (U.S. state), Commonwealth of Virginia in the United States. First settled in 1757 by ferry owner John Lynch (1740–1820), John Lynch, the city's populati ...
, near his beloved mother and other family members.
Carter Glass Carter Glass (January 4, 1858 – May 28, 1946) was an American newspaper publisher and Democratic politician from Lynchburg, Virginia. He represented Virginia in both houses of Congress and served as the United States Secretary of the Treasu ...
, his fellow sponsor of the Glass-Owen
Federal Reserve Act The Federal Reserve Act was passed by the 63rd United States Congress and signed into law by President Woodrow Wilson on December 23, 1913. The law created the Federal Reserve System, the central banking system of the United States. The Panic ...
, with whom Owen had experienced a frequently strained relationship, lies nearby.As this article has shown, Owen and Glass had espoused radically different visions for the Federal Reserve. Even after passage of the eventual compromise version, relations between the two men remained difficult. They were far apart in their overall political philosophies: Owen a Progressive, Glass a southern
states' rights In American political discourse, states' rights are political powers held for the state governments rather than the federal government according to the United States Constitution, reflecting especially the enumerated powers of Congress and the ...
Democrat and
segregationist Racial segregation is the systematic separation of people into racial or other ethnic groups in daily life. Racial segregation can amount to the international crime of apartheid and a crime against humanity under the Statute of the Interna ...
. They were rival candidates for the presidency at the 1920 party convention (though neither truly rose above "favorite son" status). The chief bone of contention between them, however, concerned which of them deserved more of the credit for the Federal Reserve Act. In Allan Meltzer's words, "Glass gave no credit" to Owen (''A History of the Federal Reserve, Volume 1, 1913-51.'' Chapter 3, footnote 5). According to Ted Todd in "On Robert Latham Owen" in ''TEN magazine'', Kansas City Federal Reserve, Fall 2007, accessed on 12/23/10 at: , Glass was "outraged" at Owen's account of the evolution of the Glass-Owen Act in Owen's 1919 book. Owen, in turn, resented what he considered the undue credit given to Glass, at his own expense, as father of the Act. Owen declined to attend the 1938 unveiling of a bust to Glass at the Federal Reserve. Later, though, he wrote an emollient letter to Glass proposing that, as fellow sons of Lynchburg, they put their differences behind them.


Works

This list focuses on Owen's book-length works, and excludes shorter pieces such as his prolific journalism or reprints of individual speeches: *''The Code of the Peoples' Rule: Compilation of Various Statutes, Etc. Relating to the People's Rule System of Government.'' Washington DC, Government Printing Office, 1910. *''The Covenant of the League of Nations: What It Proposes and What It Does Not Propose.'' Washington DC, Government Printing Office, 1919. *''The Federal Reserve Act.'' New York, The Century Co., 1919. *''Foreign Exchange.'' New York, The Century Co., 1919. *"Foreword" (dated October 29, 1934) to ''Money Creators'' by Gertrude M. Coogan, Chicago, Sound Money Press, 1935. *''The Russian Imperial Conspiracy, 1892–1914: The Most Gigantic Intrigue of all Time.'' First edition, 1926, privately printed. Second edition, 1927, published by Albert and Charles Boni, New York. *''Where Is God in the European War?'' New York, The Century Co., 1919. *''Yellow Fever; a Compilation of Various Publications: Results of the Work of Maj. Walter Reed, Medical Corps, United States Army, and the Yellow Fever Commission.'' Washington DC, Government Printing Office, 1911. A recording of Owen delivering a speech, dating from 1920, may be heard on the Library of Congress website at: http://frontiers.loc.gov/cgi-bin/query/r?ammem/nfor:@field(DOCID+@range(90000067+90000068)). There is an archive of Owen's papers at the Library of Congress. There are smaller collections, largely covering the period after his retirement from the Senate, at the University of Oklahoma's Carl Albert Center (see link below) and at the Federal Reserve.
Robert L. Owen Collection
at the
Carl Albert Center The Carl Albert Congressional Research and Studies Center  is a nonpartisan institution devoted to teaching and research related to the United States Congress and, more broadly, to strengthening representative democracy through engaged and infor ...
, an
digitized and available on FRASERStatements and Speeches of Robert L. Owen
1908–1924, extracted from the Papers of Robert L. Owen held at the
Carl Albert Center The Carl Albert Congressional Research and Studies Center  is a nonpartisan institution devoted to teaching and research related to the United States Congress and, more broadly, to strengthening representative democracy through engaged and infor ...
and digitized by
FRASER Fraser may refer to: Places Antarctica * Fraser Point, South Orkney Islands Australia * Fraser, Australian Capital Territory, a suburb in the Canberra district of Belconnen * Division of Fraser (Australian Capital Territory), a former federal ele ...
.


See also

*
List of Native Americans in the United States Congress This is a list of Native Americans with documented tribal ancestry or affiliation in the U.S. Congress. All entries on this list are related to Native American tribes based in the contiguous United States. There are Native Hawaiians who have se ...


Notes


Further reading

* ''Dictionary of American Biography'' * Oklahoma Historical Society's Encyclopedia of Oklahoma History and Culture, accessed on 12/11/10 at: http://digital.library.okstate.edu/encyclopedia/entries/o/ow003.html * Belcher, Wyatt W. "The Political Leadership of Robert L. Owen." ''The Chronicles of Oklahoma'', 31 (Winter 1953–1954). * Brandon, Stephen. "'Mother Of U.S. Senator An Indian Queen': Cultural Challenge and Appropriation in The Memoirs of Narcissa Owen, 1831–1907". ''Studies in American Indian Literatures'', Series 2, Volume 13, Number 2 & 3, Summer/Fall 2001. * Brown, Kenny. "A Progressive From Oklahoma: Senator Robert Latham Owen Jr." ''The Chronicles of Oklahoma'' 62 (Fall 1984): 232–265. * Keso, Edward Elmer. ''The Senatorial Career of Robert Latham Owen''. Gardenvale (Canada), Garden City Press, 1938. * Owen, Narcissa Chisholm. ''Memoirs of Narcissa Owen, 1831-1907.'' Washington DC, apparently self-published, . Republished in a critical edition as: ''A Cherokee Woman's America: Memoirs of Narcissa Owen, 1831–1907.'' Edited by Karen L. Kilcup. Gainesville, University Press of Florida, 2005. * Todd, Ted. "On Robert Latham Owen." ''TEN magazine'', Federal Reserve Bank of Kansas City, Fall 2007, accessed on 12/23/10 at: https://web.archive.org/web/20110717045758/http://www.kansascityfed.org/publicat/TEN/pdf/Fall2007/Fall07About.RobertOwen.pdf * Wilkerson, Chad R. "Senator Robert Latham Owen of Oklahoma and the Federal Reserve's Formative Years." ''Federal Reserve Bank of Kansas City, Economic Review (forthcoming).'' Accessed on 10/3/13 at: http://www.kansascityfed.org/publicat/econrev/pdf/13q3Wilkerson.pdf


External links

* * , - , - , - , - , - , - , - , - {{DEFAULTSORT:Owen, Robert L. 1856 births 1947 deaths Politicians from Lynchburg, Virginia People of Indian Territory American people of Welsh descent Cherokee Nation members of the United States Senate Cherokee Nation politicians Native American members of the United States Congress Democratic Party United States senators from Oklahoma Oklahoma Democrats Candidates in the 1920 United States presidential election 20th-century American politicians People from Salina, Oklahoma Progressive Era in the United States 19th-century American lawyers Washington and Lee University alumni