United States Congressman, Presidential Cabinet Secretary. He accomplished many things in his lifetime, but may be most known for serving the longest term, 14 years, as United States Secretary of the Treasury.
Albert Gallatin was born into an aristocratic Swiss family, but gave up fortune and social position and emigrated to America in 1780, where he might "drink in a love for independence in the freest country of the universe."
Following 15 years of being involved in various business ventures and teaching French at Harvard, Gallatin was elected to Congress from Pennsylvania in 1795. As a member of Congress, he made control of the Treasury Department the object of constant scrutiny and criticism. He helped create the House Ways and Means Committee to assure Treasury's accountability to Congress by reviewing the Department's annual report concerning revenues, debts, loans, and expenditures.
He was appointed Secretary of the Treasury in 1801 by President Thomas Jefferson and continued in that position under President James Madison until 1814. His service of nearly 14 years is the longest term of any Secretary of the Treasury in the country's history. As Secretary, he was responsible for significantly reducing the federal debt. His management of the Treasury resulted in the adoption of accounting practices still in use today.
Following his service as Secretary of the Treasury, Gallatin was appointed one of the Commissioners to negotiate the Treaty of Ghent, which ended the War of 1812. He served as Minister to France and as Envoy to Great Britain before leaving public service and moving to New York in 1817.
He became the first president of the National Bank of New York, was a founding trustee of New York University, and served as president of the New York Historical Society. Gallatin was a founding member of the American Ethnological Society, served as its first president, and wrote extensively on the languages of American Indian tribes.
Albert Gallatin was born into an aristocratic Swiss family, but gave up fortune and social position and emigrated to America in 1780, where he might "drink in a love for independence in the freest country of the universe."
Following 15 years of being involved in various business ventures and teaching French at Harvard, Gallatin was elected to Congress from Pennsylvania in 1795. As a member of Congress, he made control of the Treasury Department the object of constant scrutiny and criticism. He helped create the House Ways and Means Committee to assure Treasury's accountability to Congress by reviewing the Department's annual report concerning revenues, debts, loans, and expenditures.
He was appointed Secretary of the Treasury in 1801 by President Thomas Jefferson and continued in that position under President James Madison until 1814. His service of nearly 14 years is the longest term of any Secretary of the Treasury in the country's history. As Secretary, he was responsible for significantly reducing the federal debt. His management of the Treasury resulted in the adoption of accounting practices still in use today.
Following his service as Secretary of the Treasury, Gallatin was appointed one of the Commissioners to negotiate the Treaty of Ghent, which ended the War of 1812. He served as Minister to France and as Envoy to Great Britain before leaving public service and moving to New York in 1817.
He became the first president of the National Bank of New York, was a founding trustee of New York University, and served as president of the New York Historical Society. Gallatin was a founding member of the American Ethnological Society, served as its first president, and wrote extensively on the languages of American Indian tribes.
United States Congressman, Presidential Cabinet Secretary. He accomplished many things in his lifetime, but may be most known for serving the longest term, 14 years, as United States Secretary of the Treasury.
Albert Gallatin was born into an aristocratic Swiss family, but gave up fortune and social position and emigrated to America in 1780, where he might "drink in a love for independence in the freest country of the universe."
Following 15 years of being involved in various business ventures and teaching French at Harvard, Gallatin was elected to Congress from Pennsylvania in 1795. As a member of Congress, he made control of the Treasury Department the object of constant scrutiny and criticism. He helped create the House Ways and Means Committee to assure Treasury's accountability to Congress by reviewing the Department's annual report concerning revenues, debts, loans, and expenditures.
He was appointed Secretary of the Treasury in 1801 by President Thomas Jefferson and continued in that position under President James Madison until 1814. His service of nearly 14 years is the longest term of any Secretary of the Treasury in the country's history. As Secretary, he was responsible for significantly reducing the federal debt. His management of the Treasury resulted in the adoption of accounting practices still in use today.
Following his service as Secretary of the Treasury, Gallatin was appointed one of the Commissioners to negotiate the Treaty of Ghent, which ended the War of 1812. He served as Minister to France and as Envoy to Great Britain before leaving public service and moving to New York in 1817.
He became the first president of the National Bank of New York, was a founding trustee of New York University, and served as president of the New York Historical Society. Gallatin was a founding member of the American Ethnological Society, served as its first president, and wrote extensively on the languages of American Indian tribes.
Albert Gallatin was born into an aristocratic Swiss family, but gave up fortune and social position and emigrated to America in 1780, where he might "drink in a love for independence in the freest country of the universe."
Following 15 years of being involved in various business ventures and teaching French at Harvard, Gallatin was elected to Congress from Pennsylvania in 1795. As a member of Congress, he made control of the Treasury Department the object of constant scrutiny and criticism. He helped create the House Ways and Means Committee to assure Treasury's accountability to Congress by reviewing the Department's annual report concerning revenues, debts, loans, and expenditures.
He was appointed Secretary of the Treasury in 1801 by President Thomas Jefferson and continued in that position under President James Madison until 1814. His service of nearly 14 years is the longest term of any Secretary of the Treasury in the country's history. As Secretary, he was responsible for significantly reducing the federal debt. His management of the Treasury resulted in the adoption of accounting practices still in use today.
Following his service as Secretary of the Treasury, Gallatin was appointed one of the Commissioners to negotiate the Treaty of Ghent, which ended the War of 1812. He served as Minister to France and as Envoy to Great Britain before leaving public service and moving to New York in 1817.
He became the first president of the National Bank of New York, was a founding trustee of New York University, and served as president of the New York Historical Society. Gallatin was a founding member of the American Ethnological Society, served as its first president, and wrote extensively on the languages of American Indian tribes.
Bio by: Craig Johnson
Inscription
In memory of ALBERT GALLATIN, son of JNO. DE GALLATIN and of SOPHIA ALBERTINA ROLAZ DU ROSEY, wife: he was born at GENEVA in EUROPE 29th January 1761: landed in AMERICA 14th July 1780: died at ASTORIA, NEW YORK 12th August 1849.
Deeply imbued with the bold and liberal spirit of the times, he came to AMERICA, amidst the scenes of her REVOLUTION; and after very many years of public service in Congress, and in Executive offices of the highest trust, at an advanced age, he withdrew to private life, and passed the remainder of his days in philosophic studies and literary pursuits, and went down to the grave universally honored.
