Gallatin, Albert

(redirected from Albert Gallatin)
Also found in: Wikipedia.

Gallatin, Albert

(găl`ətĭn), 1761–1849, American financier and public official, b. Geneva, Switzerland. Left an orphan at nine, Gallatin was reared by his patrician relatives and had an excellent education. He emigrated to the United States in 1780 and later settled (1784) in W Pennsylvania. A member of the Pennsylvania constitutional convention in 1789–90, he also served in the state legislature from 1790 to 1792. Although elected U.S. Senator in 1793, he was deprived (1794) of his office by the Federalist-controlled Senate, which claimed he had not been a citizen long enough to hold a seat. Returning to Pennsylvania, his statesmanlike efforts helped restrain the Western farmers in the Whiskey RebellionWhiskey Rebellion,
1794, uprising in the Pennsylvania counties W of the Alleghenies, caused by Alexander Hamilton's excise tax of 1791. The settlers, mainly Scotch-Irish, for whom whiskey was an important economic commodity, resented the tax as discriminatory and detrimental to
..... Click the link for more information.
 (1794), although Gallatin himself opposed the tax on whiskey. As a member of the U.S. House of Representatives (1795–1801), Gallatin became a recognized leader of the Republican (Jeffersonian) minority and was active in advocating financial reform and in opposing war with France. His demand that the Treasury Dept. be accountable to Congress led to the creation of a standing committee on finance in the House (later the Ways and Means Committee). As Secretary of the Treasury under President Jefferson, Gallatin undertook to change aspects of the country's financial policy from Federalist to Jeffersonian principles, and he reduced the country's debt despite the war against the Barbary States and the Louisiana Purchase. Continuing in office under President Madison, he helped to curtail appropriations for the armed forces and opposed the war hawks prior to the War of 1812 because he believed that federal money should go toward realizing the democratic vision of a broadly expanding internal economy. His fiscal accomplishments were virtually destroyed by the Embargo Act of 1807 and the War of 1812. Gallatin left the Treasury Dept. to undertake a diplomatic mission in 1813. He was a key figure in negotiating the Treaty of Ghent, which ended the war with Great Britain. He later served as minister to France (1816–23) and to Great Britain (1826–27). Greatly interested in the Native Americans, Gallatin wrote papers on them and was responsible for founding the American Ethnological Society in 1842. Gallatin's eclectic financial policies—although a Jeffersonian he was a supporter of the Bank of the United States—have been widely praised by conservatives and liberals alike; he was one of the most brilliant and successful of Jeffersonian statesmen.

Bibliography

See biographies by R. Walters, Jr. (1957, repr. 1969), F. E. Ewing (1959), and N. Dungan (2010).

Gallatin, (Abraham Alfonse) Albert

(1761–1849) financier, diplomat, political leader, ethnographer; born in Geneva, Switzerland. Of noble birth and inspired by Rousseauian idealism, he arrived in America at the age of 19. After teaching French at Harvard and working as a trader and land speculator, he settled on the Pennsylvania frontier and entered public life. He was elected to the U.S. Senate (1793–94) and served in the House of Representatives (Dem.-Rep., Penn.; 1795–1801). A leader among Jeffersonian Republicans and with rare mastery of public finance, he served Presidents Jefferson and Madison as secretary of the treasury (1801–14) and worked hard to retire the public debt. In 1814 his Treaty of Ghent laid the basis for permanent peace with England. He then served as minister to France (1816–23) and minister to England. He was an expert on American Indian and Indian languages, was author of important ethnographic works, was president of the National Bank of New York, and was a cofounder of New York University.
References in periodicals archive ?
July 31, 2015 /PRNewswire/ -- The recent launch of a new website for Albert Gallatin Area School District's in southwestern Pennsylvania underscores the growth of an affordable website developer across the state.
Albert Gallatin to Alexander Addison, October 7, 1789, manuscript in New York Historical Society, Albert Gallatin Papers, 2.
For example, budgets should use clear accounting, an idea going back to Jefferson's Treasury Secretary Albert Gallatin.
Among those interred at the downtown site, occupied by Trinity Church since 1698, are Alexander Hamilton, William Bradford, Robert Fulton, Captain James Lawrence and Albert Gallatin.
Part 1 is devoted to Alexander Hamilton, who was born in the Danish West Indies, while part 2 profiles Albert Gallatin, a native of Geneva who was secretary of the treasury under presidents Thomas Jefferson and James Madison.
Croix in the Caribbean; Albert Gallatin, born in Geneva, Switzerland; George W.
Back in 1846 for Oregon there were peacemakers like the veteran diplomat Albert Gallatin, who for many years championed an amicable resolution of the crisis.
Goldman, a financial adviser in the Worcester office of Wells Fargo Advisors, has received the firm's Albert Gallatin Award.
More than 200 years ago, Albert Gallatin, Secretary of the Treasury under President Thomas Jefferson, submitted a plan to Congress to develop America's infrastructure.
Their chief evidence (developed by historian Robert Fishman): the 1808 plan of Albert Gallatin, President Thomas Jefferson's treasury secretary, for expansive western settlement built on canals and new roads, and President Theodore Roosevelt's resource-based economic development national plan of 1908.
Secretary of the Treasury Albert Gallatin promoted the idea of improved transportation as an instrument of economic development.