1867 SIGNATURE OF HUGH MCCULLOCH - FIRST COMPTROLLER OF THE CURRENCY, PRESIDENT LINCOLN’S THIRD SECRETARY OF THE TREASURY

1867 SIGNATURE OF HUGH MCCULLOCH - FIRST COMPTROLLER OF THE CURRENCY, PRESIDENT LINCOLN’S THIRD SECRETARY OF THE TREASURY

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Originally $75.00

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Item Code: 337-307

Signature in ink, “Hugh M Cullough  / March 1867”, on 3 7/8” x 2 ½” paper; in very good condition, with one small tear at left edge. This paper is mounted on a larger section of paper measuring 5 ¾” x 4 ¾”.

McCullough was formerly the President of the Bank of Indiana. During his 22 months in office as Comptroller of the Currency (1863-1865), 868 national banks were chartered and no failures occurred; he recommended major changes in the banking law. The resulting National Banking Act of 1863 remains the foundation of the national banking system.

On March 9, 1865 McCullough was appointed as the 27th Secretary of the Treasury by President Lincoln. Following Lincoln’s assassination, he continued to serve as Secretary of the Treasury in the cabinet of Andrew Johnson until the close of Johnson’s administration in 1869, and later served as Secretary of the Treasury under President Chester A. Arthur, 1884-1885.    [ld][ph:L]

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