A Century in the Comptroller's Office, State of New York, 1797 to 1897 — John Shaqi
A Century in the Comptroller's Office, State of New York, 1797 to 1897Roberts, James A. (James Arthur)
History
A Century in the Comptroller's Office, State of New York, 1797 to 1897
Roberts, James A. (James Arthur)
Finance -- New York (State); New York (State) -- Biography; New York (State). Comptroller's Office
Upon his election as United States Senator Mr. Wright resigned and was
succeeded by Azariah C. Flagg, of Plattsburgh, a lawyer and a Regency
Democrat, who was elected on January 11, 1834. He had been a Member of
Assembly from Clinton county in 1823 and 1824, and held the office of
Secretary of State from 1826 to 1833. He had run counter to public
opinion in 1823 as the leader of the Assembly opposition to the
Electoral law--a law designed to give to the people directly the power
of chosing the presidential electors, instead of leaving that power
vested in the Legislature, as had been the law theretofore. The Albany
Regency had determined to prevent any change, and succeeded in warding
off legislative action. The measure, however, met the cordial approval
of the people, and that fact, together with the removal of Governor
Clinton as Canal Commissioner--a position in which his uncompensated
services had been of the greatest value--swept Clinton, whose political
fortunes then seemed at their lowest ebb, triumphantly into the
gubernatorial chair. But it was a principle of the Albany Regency, and
of Martin Van Buren, then at its head, never to forget a man who had
fallen or suffered in their service; and it was in reward for Mr.
Flagg's unpopular opposition to the Electoral bill that in 1826 he was
chosen Secretary of State. Mr. Flagg has the distinction of having
served longer as Comptroller than any other incumbent of the office,
with the exception of Archibald McIntyre. He held the office from
January 11, 1834, to February 4, 1839, and again from February 7, 1842,
to November 7, 1847. During his first term he was a member of the
commission for the erection of the State Hall, and that building still
stands as a monument to the Commission's good judgment in architecture,
and in the adaptation of means to an end. Upon the completion of the
State Hall the old State Hall, corner of Lodge and State streets, was
sold by the Commission. By chapters 2 and 150 of the Laws of 1837 the
Comptroller was made the custodian of moneys received from the United
States, since known as the United States Deposit Fund. Theoretically
this money was not given to the several States, but was to be subject to
repayment whenever called for. The National Government will hardly, at
this late day, call for these moneys. If it did not feel compelled to do
so in the trying financial straits of the war it is not likely that it
will do so in times of peace. But these moneys have always been kept as
a separate fund, substantially as required by the act of 1837, and the
principal, through all changes of, and losses from, investment, has been
kept intact.
[Illustration: P C Fuller (signature)
_13th COMPTROLLER_]
Public-domain text, read in full here on John Shaqi.
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