Woodbury, Levi

1836 LS as Treasury Secretary, to the Cashier of the Girard Bank in Philadelphia, postponing payment of a transfer draft

Price: $90.00

Description:
(1789-1851) New Hampshire US Senator & Governor, Jackson Navy Secretary and Jackson-Van Buren Treasury Secretary. Associate Justice of the Supreme Court, 1st Justice to have attended law school(Tapping Reeve Law School in Connecticut). Admitted to New Hampshire Bar 1812, clerk of the State Senate 1816-17, state supreme court justice 1817-23. Governor 1823-24, Speaker of the State House of Representatives 1825, US Senator 1825-31. Jackson’s Navy Secretary 1831-34. As Treasury Secretary 1834-41 (Jackson-Van Buren), successfully worked to end Second Bank of the United States; like Jackson, he favored an "independent" treasury system and "hard money" over paper money. The Panic of 1837 and the collapse of speculative land prices were legacies of his tenure. After the Panic, Woodbury backed the act for an "Independent Treasury System" passed by Congress in 1840, largely repealed by the new administration in 1841, but the foundation was laid for an independent US Treasury. In the 1844 presidential election, Woodbury supported Polk. On Sept. 20, 1845, Polk gave him a recess appointment as Associate Justice of the Supreme Court for the seat vacated by Joseph Story. Formally nominated Dec. 23, 1845, confirmed Jan. 3, 1846, served 1846-51. He was one of few individuals to serve in all 3 branches of the US Government, one of 3 to have served as a state governor (S. P. Chase & Jas. F. Byrnes). 10 x 8 LS while Treasury Secretary, Washington, August 27 1836, to the Cashier, Girard Bank of Philadelphia. Woodbury informs him that the payment of a $100,000 transfer draft on the Commercial Bank at New Orleans, in favor of Girard Bank, will probably be directed by him to be postponed for 60 days; the Cashier will be notified in that event.

Condition: Very good, 3 folds
Type:Letter






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