1874 25-Cent Fractional Bill
Coins and Paper Money :: Paper Money: US :: Fractional Currency
1874 25-Cent Fractional BillRobert J. Walker Secretary Treasury
1874 25-Cent Fractional Bill a.imagelink {color:#FFFFFF;} a:hover.imagelink {color:#FFFFFF;} a:visited.imagelink {color:#FFFFFF;} a.imagelink img.auctionimage { border: 2px solid #FFFFFF; } a:visited.imagelink img.auctionimage { border: 2px solid #FFFFFF; } United States Currency 1874 25-Cent Fractional Currency When Robert J. Walker (1801-1869) was appointed Secretary of the Treasury by President James K. Polk in 1845, he had already established himself as a supporter of an independent treasury system and an apostle of free trade. His first concern as Secretary was the establishment of the Independent Treasury System of 1846, whereby the Treasury Department was made solely responsible for the handling of public monies. The new system established subtreasuries for the collection, safe-keeping, transfer, and disbursement of the public revenue. Walker was also committed to free trade and was responsible for the Walker Tariff Bill of 1846, which significantly lowered import duties. He believed that no more money should be collected than was necessary for the needs of the government and that imports should be free if the country wanted to export its surplus products. The new lower tariff had a positive effect, resulting in an increase in trade and a coincidental increase in revenue for the government. Domestically Walker was an expansionist and was largely responsible for the establishment of the Department of the Interior in 1849. He retired at the end of Polk's administration. Information obtained from: http://www.ustreas.gov/education/history/secretaries/rjwalker.shtml _______________________________________________ Introducing the 1874 25-Cent Fractional bill picturing Robert J. Walker, Secretary of the Treasury. Complete your collection by adding this pristine 25-cent fractional bill. There are no rips or tears and the fabric that was used to make money then is visible on this bill. Good Luck! Payment is required within 7 days of purchase . 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