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    Description

    [Henry Smith] Report of the Secretary of the Treasury. Houston: "Telegraph." November 3, 1838. 8vo. 8pp. Paper wrappers; disbound. 250 copies printed. Light age toning and dampstains throughout. Fine.

    Following the United States' official recognition of the Republic of Texas, and in anticipation of its eventual annexation, Treasury Secretary Henry Smith spent a great deal of time organizing and streamlining the Treasury Department and its procedures. Here he provides President Sam Houston with the department's general status, providing detail on the following topics: Foreign Agents, Land Scrip, Special Liabilities, Audited Claims, Direct Taxes, Impost Duties, Land Dues, Funded Debt, and Promissory Notes.

    An excerpt regarding counterfeiting: "The facility with which counterfeiters have succeeded in imitating the first emission of the Promissory Notes, has rendered it necessary for the Department to caution the public by advertisement, directing at the same time, all collectors of public dues not to receive Promissory Notes in that form, and requesting all persons holding such to present them at the proper Department, where alone they could be scrutinized and redeemed by the engraved notes, and interest paid as they fell due. This course may prove injurious to many - but appeared to be the only one which the Department could pursue to protect the government..."

    In closing, Smith mentions seventeen documents meant to accompany this report, but research indicates that these additional items were never printed.

    Reference: Streeter 301 (locating two copies, one in Texas). Sabin 95049. Both Streeter and Sabin indicate that the documents listed on the last page were not printed. Similar report by Starr, Treasurer, in Heaston (Cat 35 #114, July 2001) at 3000.


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