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?
Is also accompanied with original free frank cover:
Albert Gallatin", free frank as Treasury Secretary on folded cover with reddish "Washington City Sep 12" cds and matching "Free" rating handstamp addressed toThomas Willing Esquire President of The Bank of the United States, Philadelphia.; slight edge toning, F.-V.F.
Letter in full: "Treasury Department September 6, 1805
Sir,
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.
I have the honor to be Respectfully
Sir your Obed’t Serv
Albert Gallatin
Thomas Willing Esq. President Of The Bank the United States Philadelphia"