Beautifully engraved certificate from the Treasury Department dated in 1826. This item has the signatures of the Company’s President and Secretary and is over 181 years old.
Authentic handwritten manuscript Autograph Letter Signed by Robert J. Walker to James J. Faran (1808-1892)
The letter the Treasury Secretary writes to the Congressman in 1846 pertains to "individuals holding [fraudulent] Treasury Notes."
"Treasury Department September 30, 1846
Sir , I have the honor to acknowledge the receipt of your letter of the 25th Inst. In reply to your request for directions to individuals holding Treasury Notes heretofore redeemed by the U.S. and afterwards fraudulently put into circulation,
I herewith enclose copies of the Acts of Congress of 10th August last which shows the facts necessary to be established in the manner in which they in must be proved to authorize this Department to all or any claim on account of such notes...R Walker, Secretary of the Treasury"
When Robert J. Walker (1801-1869) was appointed Secretary of the Treasury by President James K. Polk in 1845, he had already established himself as a supporter of an independent treasury system and an apostle of free trade. His first concern as Secretary was the establishment of the Independent Treasury System of 1846, whereby the Treasury Department was made solely responsible for the handling of public monies. The new system established subtreasuries for the collection, safe-keeping, transfer, and disbursement of the public revenue.
Walker was also committed to free trade and was responsible for the Walker Tariff Bill of 1846, which significantly lowered import duties. He believed that no more money should be collected than was necessary for the needs of the government and that imports should be free if the country wanted to export its surplus products. The new lower tariff had a positive effect, resulting in an increase in trade and a coincidental increase in revenue for the government. Domestically Walker was an expansionist and was largely responsible for the establishment of the Department of the Interior in 1849. He retired at the end of Polk's administration.
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