Ten Years in Washington: or, Inside Life and Scenes in Our National Capital as a Woman Sees Them ... to Which Is Added a Full Account of the Life and Death of President James A. GarfieldClemmer, Mary
History
Ten Years in Washington: or, Inside Life and Scenes in Our National Capital as a Woman Sees Them ... to Which Is Added a Full Account of the Life and Death of President James A. Garfield
Clemmer, Mary
Washington (D.C.) -- Description and travel; Washington (D.C.) -- History
The Responsibilities and Duties of the Secretary of the Treasury—“The
Most Remarkable Man of His Time”—Three Extraordinary Men—Hamilton
Makes an Honest Proposal—How to Pay the National Debt—The New
Secretary at Work—Laying the Foundation of Financial Operations—The
Mint at Philadelphia—A Little Personal Abuse—The Secretary Borrows
Twenty Dollars—Modern Greediness—The Genius Becomes a Lawyer—Burning
of Records—Hunting for Blunders and Frauds—The Treasury
Building—Treasury Notes go off Nicely—Mr. Crawford Under a Cloud—He
Comes out Gloriously—A Little Variety—A Vision of Much Money—Fidgety
Times—Lighting the Mariner on His Way—Old Debts Raked Up—Signs of
the Times—Under Lincoln—S. P. Chase as Secretary—The National
Currency Act—Enormous Increase of the National Debt—Facts and
Figures—The Credit of the Government Sustained—President Grant’s
Rule—George S. Boutwell made Secretary—Great Expectations—Mr.
Boutwell’s Labors, Policy and Success—The Great and Growing
Prosperity of the Nation.
After the Declaration of Independence, the first thing that the
Continental Congress did was to organize a Treasury Department for the
new government of the colonies.
[Illustration: UNITED STATES TREASURY.—WASHINGTON.]
Michael Hilligas and George Clymer were appointed Joint-Treasurers of
the United Colonies. They were to reside in Philadelphia, and to receive
each a salary of five hundred dollars the first year, and to give bonds
in the sum of one hundred thousand dollars. The second year their salary
was raised to eight hundred dollars each. In a short time George Clymer
was sent to Congress as a delegate from Pennsylvania, and Michael
Hilligas remained Treasurer for the Colonies to the close of the
Revolution.
In six months after the resignation of Mr. Clymer, a committee of five
persons was appointed to assist him to superintend the small Treasury.
Three months after, an office was created in which to keep the Treasury
accounts. That office was an itinerant, like Congress, following it to
whatever place it assembled. Acts were passed for the establishment of a
National Mint. Alas! the poor Continentals had no precious ore to coin,
and never struck off a dollar or cent. An Auditor General’s office was
organized, and John Gibson appointed, with an annual salary of one
thousand and sixty-six dollars and sixty-seven cents.
Public-domain text, read in full here on John Shaqi.
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