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Oliver Wolcott, Jr. Washington's Sec Of Treasury; Rev War Provisions & Clothing For Sale
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OLIVER WOLCOTT, JR. In September 1789, Wolcott was appointed auditor of the new federal Treasury, assuming his post
in early November. He was appointed by President George Washington, on Alexander Hamilton's
recommendation, to Comptroller in June 1791. When Hamilton resigned as Secretary of the
Treasury, Wolcott was appointed (February 2, 1795) by Washington to succeed him. He continued under President John Adams served as
Treasury Secretary until November 1800. After a short period as Judge for the Second Circuit
Court (1801-1802), he retired from public life.
In 1810-1811, Wolcott served on the main board of directors of the Bank of the United
States, and after the charter lapsed (March 4, 1811), he played a prominent role in the launching
of the Bank of America, serving as its President from 1812-1814.
Wolcott returned to Litchfield in 1815, where he set himself up as a gentleman farmer and
promoted manufacturing enterprises in the state. He was chosen as candidate for Governor by the
Toleration Party in 1816, but was defeated by the incumbent, John Cotton Smith. Oliver Wolcott, Jr. was elected
as a Toleration Republican by a narrow margin in the following year, and served as Governor of Connecticut from 1817-1827.
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Oliver Wolcott, Jr. Washington's Sec Of Treasury; Rev War Provisions & Clothing: $68
