Lot: 60 Albert Gallatin US treasurer letter

OakAuctions

2015-11-04 12:50:23

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Lot 60: Albert Gallatin Treasurer of the US, promises to pays off the Loans of The United States! Albert Gallatin (1761 -1849)Served as a Congressman, Senator, United States Ambassador and was the longest-serving United States Secretary of the Treasury. In 1831, he helped found the University of the City of New York, now New York University. Albert Gallatin Treasurer of the US, promises to pays off the Loans of The United States! Important Gallatin letter, paying off the Bank of the United States the loans owed from the United States. This letter could use further research to identify exactly what these loans where for? Letter in full: " em Treasury Department September 6, 1805 /em em Sir, /em em I have the honor to inform you that I intend to pay on the 30th Instant to the Bank of The United States the balance of the loans obtained from that institution by the United States and amounting to several hundred thousand dollars. /em em I have the honor to be Respectfully Sir your Obed't Serv Albert Gallatin ThomasWilling Esq.President Of The Bank the United States Philadelphia" Oak Auctions' Rare Autograph and Manuscript Auction Thursday, 19th November 2015 Estimate: $1200-1500
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