" Keeping the money supply in balance and avoiding panics depended on the intervention of Treasury officials, which was one of the things liberals hated about it. It also meant that men like Cooke and Gould cultivated those officials as well as congressmen and the president. Their fortunes depended up on it. "

― Richard White , The Republic for Which It Stands: The United States during Reconstruction and the Gilded Age, 1865-1896