World Library  
Flag as Inappropriate
Email this Article
 

Arsène Pujo

Arsène Pujo
Member of the U.S. House of Representatives from Louisiana's 7th District
In office
March 4, 1903 – March 3, 1913
Preceded by None
Succeeded by Ladislas Lazaro
Personal details
Born (1861-12-16)December 16, 1861
Lake Charles, Calcasieu Parish
Died December 31, 1939(1939-12-31) (aged 78)
New Orleans, Louisiana
Political party Democratic

Arsène Paulin Pujo (born in Lake Charles, Louisiana, 1861; died 1939), was a member of the United States House of Representatives best known for chairing the "Pujo Committee", which sought to expose an anticompetitive conspiracy among some of the nation's most powerful financial interests (trusts).

Biography

Pujo practiced law in Louisiana, and was elected as a Democrat in 1903. In 1908, he became a member of the National Monetary Commission, a body which sought to study foreign banking systems in search of ways to better the domestic banking system. In 1911, he was appointed to chair the House Committee on Banking and Currency. In 1912, he left the National Monetary Commission and obtained congressional authorization to form a separate committee, which came to be called the Pujo Committee, to investigate the "money trust".

The Pujo Committee found that a cabal of financial leaders were abusing their public trust to consolidate control over many industries. Although Pujo left Congress in 1913, the findings of the committee inspired public support for ratification of the Sixteenth Amendment in 1913, passage of the Federal Reserve Act that same year, and passage of the Clayton Antitrust Act in 1914. They were also widely publicized in the Louis Brandeis book, Other People's Money and How the Bankers Use It.

While still a Congressman Pujo worked as a lumber company lawyer and helped suppress an IWW timber workers strike in 1912. Although the coroner charged the Galloway Lumber Company of Grabow, Louisiana with murder for shooting and killing three union strikers on July 7, 1912, the grand jury refused to indict and instead charged 58 union members with first degree murder. Pujo helped prosecute 9 but the jury returned a dismissal after 1

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 


Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.