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History of the Treasury
Secretaries of the Treasury
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John C. Spencer
(1843 - 1844)
John C. Spencer (1788-1855), formerly President Tyler's
Secretary of War, became Tyler's Secretary of the Treasury in 1843 following
Walter Forward's resignation. Like his predecessor, Spencer was preoccupied
with the tariff and believed  that the deficit and other federal expenditures
should be funded by duties on imports rather than by internal taxation.
When he assumed office he was forced to announce that for the fiscal year
1843. The expenditures of the treasury had exceeded its receipts, and he
advocated additional import duties on certain articles such as coffee and
tea. He also continued to develop a plan, initiated by Forward, for a Board
of Exchequer to keep and disburse public funds raised by duties.
The Exchequer bill, which reflected the government's
continuing interest in some form of independent treasury system, failed
due to a political conflict in Congress. As the only Northerner in a cabinet
dominated by Southern interests, Spencer found it increasingly difficult
to serve Tyler and finally resigned in 1844 in opposition to Tyler's annexation
of Texas.
About the Artist
Born in Attleboro, Massachusetts, Imogene Robinson Morrell began her study of art at the age of sixteen in Newark, New Jersey. In 1856 she traveled to Dusseldorf to study with Guillaume Camphausen, and from 1864 to 1874 she was in Paris painting in the studio of Thomas Couture. She moved to Washington D.C. in 1877. A painter of portraits, historical and genre subjects, Morrel was a successful artist and she established the National Academy of Fine Arts in Washington. Like many other Washington artists, Morrell painted portraits for the federal government. She is represented at the Capitol by her portrait of General John A. Dix (also a Secretary of the Treasury) and at Treasury by this portrait of John C. Spencer copied in 1885 from an unknown source.
Office of the Curator
All rights reserved. 2001
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