Description:

'AN ACCOUNT OF THE RECEIPTS AND EXPENDITURES OF THE UNITED STATES', 1794
Scarce publication: 'An Account of the Receipts and Expenditures of the United States For the Year 1794' (Philadelphia: John Fenno), 1795. Published for the House of Representatives, 100pp. legal folio with folding tables. Bound in green leather and cloth with gilt title on spine. Folding tables show the exact expenditures and receipts of the United States Government for the year 1793, the balance of the text showing receipts from custom duties, duties on alcohol, and other revenue sources, and payments by the Federal government are delineated, item by item, and dated. Payments to individuals have each person's name listed. Also, statements of the foreign and domestic debts of the United States, and of the expenditure of the proceeds of foreign loans, to the same period. The work is bound with: a 2pp. 4to. 'Letter From the Secretary of the Treasury', Apr. 18, 1796, signed in type by OLIVER WOLCOTT, JR. indicating an error had been made in the published record; a 2pp. printed Treasury Dept. notice describing the error and issuing an new graph showing the corrected transaction; and a 2pp. unsigned handwritten description examining the error and correction yet again. Overall very good. This same copy may have belonged to ALBERT GALLATIN (1761-1849), a leading figure in the early years of the United States, helping shape the new republic's financial system and foreign policy. Gallatin was a prominent member of the Democratic-Republican Party, represented Pennsylvania in both chambers of Congress, and held several influential roles across four presidencies, most notably as the longest serving U.S. Secretary of the Treasury. The rear cover of the report bears an ink notation in a period hand: 'Mr. Gallatin Books in return'. Gallatin won election to the Senate in early 1793, and quickly emerged as a prominent opponent of Alexander Hamilton's economic program but was declared ineligible for a seat because he had not been a citizen for the required nine years prior to election. Upon his return to Congress in early 1795, Gallatin became the leading financial expert of the Democratic-Republican Party. In 1796, he published 'A Sketch on the Finances of the United States', which discussed the operations of the Treasury Department and strongly attacked the Federalist Party's financial program. John Fenno, the printer of this work, printed many works for the administration of George Washington as well as for Congress. He was an ardent Federalist and a protege of Secretary of the Treasury Alexander Hamilton. Fenno also published the Federalist newspaper, Gazette of the United States.

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April 2, 2025 10:00 AM EDT
Elkton, MD, US

Alexander Historical Auctions LLC

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