The United States Treasury

The United States Treasury (HM2EOK)

Location:
Buy flags at Flagstore.com!

N 38° 53.804', W 77° 2.024'

  • 0 likes
  • 0 check ins
  • 0 favorites
  • 133 views
Inscription

Civil War to Civil Rights

—Downtown Heritage Trail —

Billions for the war and a bunker for the president

The grand, pillared United States Treasury building that stands before you was the financial command center for the Union during the Civil War. It was here between 1861 and 1865 that Secretary of the Treasury Salmon P. Chase raised the unprecedented sum of $2.7 billion to finance the government and the war.

Chase issued bonds, instituted internal revenue taxes, printed paper money called "greenbacks," and created the first personal income tax in the United States. He also revived the nation's early but short-lived system of national banks to provide financial stability — a network that remained in place until our present Federal Reserve System was established in 1913.

The first section of the Treasury was designed by Robert Mills in 1836. Throughout the Civil War, activity swirled here. The 5th Massachusetts camped here, cooking in the courtyard, and the basement became a bunker for the president and his cabinet in case of Confederate attack. It was here also that the short-handed federal government hired large numbers of women for the first time. These "lady clerks," as they were called, hand-trimmed the huge sheets of paper greenbacks invented by Secretary Chase.

In 1863 the Treasury provided the setting for an experiment



devised by President Lincoln. Here all loyal slave owners in the District of Columbia were paid to free their property. The concept, however, was never taken to other slave-holding communities.

(Captions, counter-clockwise from the top left)
Secretary Chase hired "lady clerks" to hand-cut his new greenbacks.

Secretary of the Treasury Salmon P. Chase's restored office.

This 1862 political cartoon captures Treasury Secretary Chase as "bleeding" funds from a willing United STates. At this time, a common method for treating illness was to drain some of the patient's blood.

Treasury's north front under construction, 1867.

Blanche K. Bruce, a U.S. senator from Mississippi, later served President James A. Garfield as the first African American Register of the Treasury. Born a slave, Bruce exemplified the civil rights gains made by African Americans as a result of the war and Reconstruction.
Details
HM NumberHM2EOK
Tags
Placed ByCultural Tourism DC
Marker ConditionNo reports yet
Date Added Saturday, March 2nd, 2019 at 10:01pm PST -08:00
Pictures
Sorry, but we don't have a picture of this historical marker yet. If you have a picture, please share it with us. It's simple to do. 1) Become a member. 2) Adopt this historical marker listing. 3) Upload the picture.
Locationbig map
UTM (WGS84 Datum)18S E 323631 N 4307282
Decimal Degrees38.89673333, -77.03373333
Degrees and Decimal MinutesN 38° 53.804', W 77° 2.024'
Degrees, Minutes and Seconds38° 53' 48.24" N, 77° 2' 1.44" W
Driving DirectionsGoogle Maps
Which side of the road?Marker is on the right when traveling South
Closest Postal AddressAt or near , ,
Alternative Maps Google Maps, MapQuest, Bing Maps, Yahoo Maps, MSR Maps, OpenCycleMap, MyTopo Maps, OpenStreetMap

Is this marker missing? Are the coordinates wrong? Do you have additional information that you would like to share with us? If so, check in.

Nearby Markersshow on map
Check Ins  check in   |    all

Have you seen this marker? If so, check in and tell us about it.

Comments 0 comments

Maintenance Issues
  1. What country is the marker located in?
  2. Is this marker part of a series?
  3. What historical period does the marker represent?
  4. What historical place does the marker represent?
  5. What type of marker is it?
  6. What class is the marker?
  7. What style is the marker?
  8. Does the marker have a number?
  9. What year was the marker erected?
  10. This marker needs at least one picture.
  11. Can this marker be seen from the road?
  12. Is the marker in the median?