Show f L 3tCt LLOLHS CAREER I LIFE 6TOPIY OF CXSHCHETARV OF THE TREASURY III ShrreAnrea a 1nln Kited lb war1 Irnl1l Mol roiM tin lee111I1y tftrr Ih Un > uf II he loll or fOU CtttKII A xecretary of the a lrenury wa torn 1 nl Knneniink MIn M-In 110 lit entered of I r llomliln college but Illhealth compelled f com-pelled him to leave 4 L It befir complet = 1 Q Inn hlo nophoinore Loo ear Thru lie flu 0 died law out on twins adinllled l the bar In Iota remoxed to fort Wayne Inl I In IMS he unit chMen cashier and manager of the Port Wayne branch of the HUte Hank of Indiana nod remained re-mained that HH > UIIII until IMS when i lie nan elected president of tilt ulnle honk low a mill In that ponltlun when President Lincoln by I the mix Ice of Mr Chan who w nt then ecretnry ot the Irensur made Mr McCulloch comp lrnllir ot the currency In Ihln position lie assisted In organizing the newly I created burl au and settled loony of the detail of th new banking o jsletn He nbar promoted the conxerslon of the leading nnmicUl Itistltullnn of tho country Into national Ink niii March KM he i entered Unrolni cabinet RI secretary nf the trtniury and held that jioslllon throughout Johnson t troubled admlnlitratlcin until lenenl Irani npiwlnted his successor In Ut At that time the government woo In great financial traits The treasury woe nenrt > tmpt nod the ex nswi were tnormou McCulloch fretwork fret-work nan to raise mone with which to 1wy I the half million mldlera who were about In quit the scrx lc fur prlx ate life 1111 lea than six 1 month tubs mime xxni nlMxl all the national obligation met Bt niHturlty and the work I of n debt reduction re-duction wan begun The conxerslon of tlOOOOnaouO shorltlmi l 1110 Into n funded debt wan aim accomplished on highly favorable term and In tee 1 than two yarn lh < debt of the country was placed on a iall fictnr > bail Th four annual re IKrl wlilrh l Mr MiTullixli made In emigre a0 nccrc tary of the treasury might derxe to lie published together ae A text book of national finance Just AI a eerot nf Mr lustonen budget IIIe loon remrrccttd from public documents and published In n volume by lhemlxn Mr McCulloch did not deem n cantrao lion of the uirrenc which was atl hIII1 I at the clow of the war 110 the only thing decennary to bring nlmut n re uinpllon nf spicle lot mnll but ho deemed It the oust Imporlant thing I nraii CULIOCII and In hli fret reMtt urxed trenuoun ly that Imnudlate Ktpi be taken for a rlavi and utrudy contraction ConEren ltd not authorize na much contraction an he naked for but II authorized the retirement of JIO000000 of greenback pig innnthn and the retirement of II III rll I MOOAO a month thereafter A couple of yearn nflcr lioeer the tnllntliinlit > Rot the upper hand nlll thin act UAH repealed and the era of In flitlnn prolcncid Mr McCulloch urim rKD political and ronntllutlonal rear l rea-r < nn ugnlnit the malntrnnnrn of a Irga tender currency In time uf peace Ile iiuuvd l the necessity of giving n pledge that the 50 would lie pilil In coin Ito urged the reduction of the debt ai fat oa powlble In hli report of ISM lio mild i I tluil riecle 1 payment night be brought I about by July I 18C3 Tho strength or j the Inllillonliln In cainirim dcfeatei the man whereby tlili wai to IK wrought about but In hli report of 1111 I he recommended that the greenback be r i ilcprUel if their Ircal tender quality I el After IS7I In all hli 1 report he urg I d I the Immediate rehabilitation of th worth for economic reamnt After Orant election ami the hi iwlntment of Itoutwdl n > his iturcn or Mr McCulloch eilublhihed Ion dan the banking house of Jay Cook k Co In 1i71 when the London hou reorgnnliel under the name of McCul loch it Co A ycarnftirward h returns I r to the tnlletl Htalei und retired tram bunlnemi for n few yens In till I how Sever on the rcelKnutlon of Walter Q I I nrenlmin Prenldcnt Arthur called on Mr MiCulloch to rum hli > oit n t WaihliiKton an secretor of the tread ur > lie hoe lived Inca lili retirement from public life at the imtltllornl capItal cap-ital |