ally created it and according to Eustace Mullins, when congress viewed the Act, that the true authors weren't named (5). When the Glass Bill was passed that's when thing started to go bad for the United States.
             After the bill was passed people didn't know what was going to happen, these debates and conference on whether bills get passed had many people confused. Eustace Mullins commented on how the Federal Reserve Board applied this control of credit, but not in 1926, nor as a remedial measure. It was not applied until 1929, and then the rate was raised as a punitive measure, to freeze out everybody but the big trusts (143). If there were some people who weren't confused it was the New York bank owners and the New York stock market financiers. They thought that everything was good raising prices and interest rate
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