Description:

FRANCIS E. SPINNER
(1802-1890) Treasurer of the United States under three presidents, commencing with Abraham Lincoln. An interesting partly printed war date D.S. 'F. E. Spinner' as Treasurer of the United States on official letterhead, 1p. 8vo., Washington D.C., June 4, 1862, a transfer notice to Assistant Treasurer Ezra Lincoln for $1,000,000 in U.S. notes. Boldly signed and in fine condition. Spinner's time as Treasurer was characterized by high government expenditures, especially within his first 60 days in office . The issuing of minted coins was halted to save materials for munitions production, and because of this he was forced to print millions of dollars every month in U.S. bank notes to keep the Union afloat while at war. This large transfer is evidence of the large amount of paper currency printed by the Treasury to stimulate the Northern economy.

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August 25, 2021 10:00 AM EDT
Elkton, MD, US

Alexander Historical Auctions LLC

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Bid Increments
From: To: Increments:
$0 $99 $10
$100 $499 $20
$500 $999 $50
$1,000 $1,999 $100
$2,000 $4,999 $250
$5,000 $9,999 $500
$10,000 $19,999 $1,000
$20,000 $49,999 $2,500
$50,000 $99,999 $5,000
$100,000 + $10,000