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    [Henry Smith] Report of the Secretary of the Treasury, Oct. 13, 1837. Houston: Printed at the Office of the Telegraph, 1837. 8vo. 12pp. Paper wrappers; disbound. 200 copies printed. Creamy overall age toning; faint dampstains throughout. Fine.

    From the first session of the second Congress, this report details Treasury Secretary Henry Smith's plan to finance the Republic, paying great attention to the matter of promissory notes. In part: "The promissory note bill I have ever considered as a hasty and unfortunate measure, and if carried into execution will prove extremely injurious to the government in various ways... I would therefore recommend to the consideration of congress, in lieu of the promissory note bill, that they pass a law authorizing the issue of one million of dollars in Treasury Notes..." Unfortunately, Smith was unable to balance the budget or give value to the Republic's currency.

    Reference: Streeter 222 (locating three copies, two in Texas. Sabin 95047. Similar report by Starr, Treasurer, in Heaston (Cat 35 #114, July 2001) at 3000.

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