Inside this Newsletter . . .

• THA Lecture Series • The Mills Wing • The Treasury Library at 200

THA Lecture Series Update The New Treasury Building, 1842 ______The next speaker for the THA Noontime TREASURY HISTORICAL Lecture series will be Treasury Assistant The “New Treasury Building” abutted the original State Department building which ASSOCIATION Curator Guy Munsch on Wednesday, June 21. He will speak on the five different was very similar to the second Treasury April 2017 locations of the Secretary’s Office in Main Office building destroyed by arsonists. Treasury. The talk is in connection with Two virtually identical buildings were also current exhibits in Main Treasury on "The on the other side of the President’s house, for the Navy and War departments. “Old Offices of the Secretary". State” was demolished 25 years later, Former Treasury employees and others replaced by Treasury’s North wing. interested are welcome to attend these lectures. However, if they do not possess Treasury Library a Treasury Building pass, they need to Celebrates 200 Years arrange clearance into Main Treasury about one week in advance. Notices are sent The Treasury Library celebrated its several weeks in advance to THA members. bicentennial this year with events during April’s National Library Week. Treasury Building’s The establishment of the Treasury Library Mills Wing 175 Years Old did not occur in a specific moment. It is The Treasury Building’s Mills Wing, com- likely that components of what would become the library existed in some form prising the East and Center wings and originally known as the “New Treasury prior to 1817, the first year of a verifiable budget. Treasury Secretary William H. Building,” is 175 years old this year. Designed as a fire-proof building by Crawford submitted a report to Congress Robert Mills, the building replaced the in 1823 that detailed the average annual earlier Treasury Office building that was funds for book purchases. It showed that totally destroyed by arsonists in 1833. between 1817 and 1822 Treasury pur- chased approximately 172 books a year at Construction began in 1836, taking 6 a cost of $406. In 1850, Congress directed years to complete, a very long time even the Library of Congress to set aside in that era. Three challenges faced Mills in $1,000 for the Treasury Library. With the

the design and construction management, Printing Act of 1895, the Treasury Library causing great delay. First was his argu- became a federal depository library. ment with President Jackson: Mills wanted the building to be farther from 15th Street’s In addition to its holdings, the growth of planned curbline in order to have a grand the Treasury Library is measured by its staircase entry (as later provided for the significance in the lives of Treasury employees. In 1865, 136 Treasury clerks other wings of the Treasury Building). But, Jackson directed the building was to be petitioned Treasury Secretary Hugh

sited immediately adjacent to the public McCulloch to open up the library to all sidewalk. The second challenge was the Treasury employees. The clerk in charge need for Mills to train construction crews in of the library at the time, Samuel Yorke old-world architecture, such as the arched Atlee, did not approve of letting employees hallways and the cantilevered staircases. borrow books; he thought only the Secre- Third, there was a lengthy Executive tary should be allowed to take books out of branch debate with the Congress: legisla- the room. Secretary McCulloch disagreed tors believed that the Parthenon-like with Atlee, and issued an order allowing employees to use the library and check building was too grandiose for the Executive branch and they cut off funding. out books. Between January 1867 and

They also attacked Mill’s professionalism October 1869, Treasury employees bor- and design by having other contemporary rowed over 22,000 volumes from the architects decry the building as being library. Clerks from throughout the organi- unstable. Finally, by mere minimum of zation were detailed to the library to help votes, fund-ing was restored by the run it until June 4, 1897 when Congress Congress and by 1842 the building was directed the Treasury Secretary to appoint completed. a salaried librarian. Today, the Treasury Library continues to support the informa-

NEWSLETTER Absent the ability to have a grand stair- tion needs of employees and Treasury’s case entry, Mills designed lateral stairs many missions at Departmental Offices against the building’s façade. These were and Treasury’s bureaus with three removed in 1909-1910. librarians. As a federal depository library 2 and Federal Register-designated reading • Specimens of Book and Job types in commentary will go along with that of room, the Treasury Library’s collection is the Treasury Division (1899) includes Secretary James A. Baker III, Treasury also available, by appointment, to the approved typefaces and layouts for Curator Richard Cote and THA President public. Treasury publication. Franklin Noll throughout the film. • The library seeks to maintain its unique The Bretton Woods Transcripts (1944) and historic collection for researchers in is Harry Dexter White’s set of the perpetuity. As part of its bicentennial Bretton Woods Transcripts. celebration, the library hosted the Treasu- • Treasury Department Telephone ry History Rare Book Petting Zoo to show- Directory (1957 – 1961) is one of the case some of the collection’s historic annual directories that were digitized — gems. This event allowed employees and a project made possible in part to seed special guests to view and to touch (with money provided by THA. The gloved hands) a few of the significant telephone directories are a primary books in the collection. The books includ- source for research on Treasury’s ed in the Petting Zoo span three centuries organizational history as well as when and represent unique aspects of Treasury and where people worked at Treasury. history. Items made available in the Petting Zoo included: Secretary and the Film Crew • A Sketch of the Finances of the United after filming the interview on January 10. States (1796) is a first edition that ______Treasury Secretary gifted Prior to the full one-hour film being pro- to his predecessor, . duced, a “trailer” is being made to serve as Gallatin wrote the book while a member an exhibit to THA’s fundraising requests to of the House. members, other donors and grant-giving foundations. This fundraising effort will be quite significant, since it will represent the largest target outreach that THA has undertaken in its 43-year history. Kaiman Bros. is currently in the process of editing footage of film and merging inter- views into scenic views of the Treasury Building. THA expects to initiate its fund- raising efforts with this seven-minute “trailer” in early summer. New THA Treasury History Paper Prize for Students

Petting Zoo photos are by Chris Taylor To encourage research on Treasury ______history, the THA Board has established a

new article prize for the best paper on the A column in an upcoming issue of this history of the Treasury Building and/or the newsletter will focus on the Treasury Treasury Department by a graduate Library’s digitization efforts. The library student currently enrolled in an accredited welcomes your research questions. Ask a program librarian at (202) 622-0990 or [email protected] . To be called the “1500 Penn Prize” in • An Account of the Receipts and honor of the Treasury Building’s historic Expenditures of the United States location address, the prize will include a (1797) includes itemized lists of receipts THA’s Educational Film $250 cash award, a travel allowance, and and expenditures by category and office Continues to Progress the opportunity for the awardee to present the winning paper at a THA lecture in the during the presidencies of George THA’s major project to create a one-hour Cash Room. Washington and John Adams. educational documentary on the Treasury Building and significant historical events This academic prize program will help that occurred in it continues to make great accomplish one of the THA’s primary progress. This past January, the very goals by cultivating and rewarding new respected and experienced local educa- research on the significance of the tional film production company, Kaiman Treasury Department to American history. Bros. Media, spent several hours filming It will also allow THA to connect with the outside footage of the Treasury Building next generation of scholars and identify for the video, and about six hours of possible partners for future THA- interior filming. sponsored academic outreach efforts. The author would retain paper ownership, so Continuing our efforts to have two past as to be able to publish it in a scholarly Treasury Secretaries in the film, we were publication. The prize will be publicly able to schedule Secretary Robert E. announced later in 2017. Rubin to be filmed on January 10. His 3

Welcome and Goodbye to As presented in a number of previous THA beneficial effect on other provisions in the newsletter articles, the Treasury seal was tax return. To initiate a QCD to THA, it is Treasury Secretaries at the changed in 1968 from a very intricate as easy as A-B-C: Bell Entrance artistic form with Latin inscription to the modern version with English text that is (A) Identify the non-profit organization by On January 19, Treasury employees used today on the Department’s stationery its full legal name, as registered with the gathered on the steps of the Bell Entrance as well as on all currency notes. The Internal Revenue Service, its postal mail- for the official departure of Secretary Jack earlier version bore the inscription ing address and the Employer Identifica- tion Number (EIN). Lew. He shook hands with staff and many “Thesaur. Amer. Septent. Sigil.” which Please consider [the Treasury Historical pictures were taken as he walked down was the abbreviation for “the seal of the THA for a QCD the steps. He waved goodbye before get- Treasury of North America.” Association’s EIN is 23-7389186]. ting into a Treasury van to take his leave. The recent eBay item that O’Malley (B) Contact the administrator of your IRA discovered had similar intricate artistic account and request in writing that a QCD form, but with the full Latin text of the contribution of a stated amount to be Department’s name: “Sigillum Thesauri issued by check payable and mailed to the Americae Septentrionalis,” a full-text nonprofit organization, providing the full version that has not been found in THA’s organization name, address and EIN. Do research over the years. not have the check sent to you. This process should be able to be completed within two weeks. (C) Alert the nonprofit organization that a check in a stated amount will be sent in your name by the institution that admini- sters your IRA. The nonprofit organiza- tion must provide a written confirmation to January 19 Secretary Lew waves goodbye you after receiving the QCD donation. ______On February 14, the newly sworn-in Please see IRS Publication 590-B, your Secretary Stephen Mnuchin was greeted tax advisor or your IRA administrator for by Treasury employees when he arrived. more detailed guidance on QCDs.

THA President’s Message The eBay site has proven to be an THA continues working on projects to pre- outstanding source of historic Treasury serve the Treasury Building and celebrate items over the years, including vintage and expand knowledge of Treasury’s past. photographs that were given by THA to Treasury and proved important to the THA has made important progress on Department’s research and restoration producing an educational documentary film efforts in the Treasury Building. on the Treasury Building’s history by completing the filming of interviews with Reaching Your Maximum former Treasury Secretaries. The next step Age for MRDs? is to raise funds to pay for editing of the film. Please Remember THA We are excited about our new plan to offer a prize for the best paper on some aspect of February 14 Secretary Mnuchin arrives If you have reached the maximum age Treasury history for graduate students. We ______(70-1/2) – or are soon approaching this hope this will help stimulate additional These events seem to be a establishing a age – to draw the Minimum Required research on Treasury history as well as new Treasury tradition, although Secretary Distribution (MRD) from your deferred IRA establish better ties with the historical Lew received this greeting February 28, retirement account, you can make contri- research community. 2013 when he took office. Perhaps some butions (disbursed by your IRA account THA could use additional support for the of you recall similar events on previous administrator directly) to THA any time of film project, the lecture series and other occasions. the year. THA initiatives. We hope you will consider Such contributions, called Qualified renewing at a higher membership level or Charitable Distributions (QCD), were making an additional contribution for one of Rare Treasury Seal authorized by Congress in December these projects or general support of THA Found on eBay Site 2015. A QCD must be a direct transfer activities. from the IRA administrator to a non-profit We always welcome members’ input and THA´s Chairman Tom O’Malley checks the organization, without you receiving the interests. Please contact me by email at eBay site frequently for unusual Treasury amount from the account. A QCD can [email protected] or any Board member if Department items, both for his own col- reduce or eliminate the income tax on the you have ideas on THA matters. Thank you lection and for THA’s consideration to MRD by an adjustment on page 1 of the for your membership and service to the purchase and give to Treasury. Recently, tax form 1040. This, in turn, reduces Treasury. he found a rare Treasury seal medallion Adjusted Gross Income, which can have a on a man’s jewelry box Franklin Noll, President

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A Message from THA’s Chairman: General Counsel in the Treasury Building From the Editor in 1980. Bill’s specific assignments during THA Director Passes – his 27 years in the Office of the General Our thanks go to Tom O’Malley, Kim Carter Counsel included Alternate Designated and Andy Young for contributing articles for William L. Murphy Ethics Officer, managing Treasury’s ethics this issue. In addition, we thank Treasury May 11, 1946 – December 8, 2016 program on a day-to-day basis, later photographer Chris Taylor for his photo- graphs of the Library’s Petting Zoo. THA and many throughout Treasury Senior Counsel for Procurement, and organizations – particularly the Office of finally Senior Counsel for Technology. In future issues, we would also like to the General Counsel and Office of Bill’s post-Treasury years were spent as a include short articles and photos about other Management – were saddened to learn consultant on procurement and Govern- subjects relating to Treasury history. These that a member of our Board, William L. ment compliance requirements matters for could include, for example, articles about Murphy, passed away on December 8, Kelly, Anderson & Associates, Inc. and B3 members’ collections of Treasury memora- 2016, after two years’ battle with cancer. Solutions, LLC, both in Alexandria, VA. bilia or anniversary articles about Treasury Bill was a long-time Treasury employee bureaus or major events. We would be who advised and befriended many. His THA has been fortunate to have had Bill’s interested in hearing your suggestions for counsel was sought often and his opinions support as a member for many years and such articles and from members willing to were well-respected. his help as a director for too short a time, contribute items of interest to THA members unfortunately. and friends of the Treasury. Bill was elected to THA’s Board of Directors for the 2014-2015 and 2016- Those of us who had the opportunity to Jerry Auten, editor work with Bill, either on the Board or in our 2017 terms. Previously, he had been a long-time member of THA and strongly Treasury employment years, certainly supported the Association’s missions for a appreciate his service to THA, to the number of decades both during his years Treasury Department, and to the American at Treasury and after his retirement in public. We value greatly the example he 2007. set as a very dedicated Government attorney and public servant, consistently After serving in the U.S. Navy, obtaining a displaying strong character, great courage law degree from the Catholic University of in his affliction, high energy, superior America and working in a DC law firm, Bill ethical standards, and a wonderful Irish served as an attorney-advisor for several sense of humor, even in times of difficulty. years in the Office of the Chief Counsel of IRS before transferring to the Office of the Thomas P. O’Malley, Chairman, Board of Directors

Inside this Newsletter . . . the coin depicts a profile of Liberty wearing a crown of stars with the founding date • THA Lecture Series 1792 and inscriptions “Liberty,” “In God • U.S. Mint 225th Anniversary We Trust,” and the date of coinage, 2017. The reverse shows an eagle in flight and • Online Shopping on THA Site carries the legislated legends “United States of America” and “E Pluribus Unum,” the content of the coin, and the denomina- THA Lecture Series Update tion of the coin, $100.

The next lecture in the THA Noontime The gold coin was produced at the West TREASURY HISTORICAL Lecture Series will be on October 19. The Point Mint and carries its “W” mint mark. ASSOCIATION speaker will be David K. Thomson, who The one-ounce coin is .9999 fine 24-karat will present his work on the role of Civil gold. Sale price of the coin is determined August 2017 War financing via Treasury bond sales on by the Mint’s pricing schedule for coins development of world financial markets. containing gold. The current schedule

may be found on the Mint’s website at” This is part of his path-breaking work in

https://catalog.usmint.gov/coins/gold- internationalizing the U.S. Civil War and showing the impact of the German and coins/?_ga=2.149301750.1788501077.14 99871762-1603105910.1487969503 Dutch bond markets on the Union effort to finance the war effort. The American Liberty 225th Anniversary

Thomson has his Ph.D. from the Universi- Silver Medal, issued on June 14, carries the same design as the gold coin. The ty of Georgia and is a Visiting Assistant legends on the medal are “Liberty” and Professor at Sacred Heart University. He is an expert in the history of Treasury “United States of America,” the date of the financing during the Civil War and is the Mint’s founding, 1792, and the year of mintage 2017. author of numerous articles and book reviews regarding the Civil War era. This The one-ounce proof Anniversary Silver includes a recent entry in The Cambridge Medal is 99.9 percent silver and is History of the and an produced at the Philadelphia Mint. It article in The Journal of the Civil War Era, carries the “P” mint mark. The silver “Like a Cord Through the Whole Country: medal is currently priced at $59.95. Union Bonds and Financial Mobilization for Victory.” A set of four Liberty silver medals in four different finishes from each of the four th mints, Philadelphia, Denver, San Francis- 225 Anniversary of co, and West Point, will be released later The United States Mint this year.

th A special 225 Anniversary booklet, The United States Mint is celebrating its containing a very interesting history of the 225th Anniversary this year. The actual image of Liberty on American coins, Anniversary was on April 2, 2017, but the accompanies each of the anniversary Mint has held several programs for its products. employees and the general public to honor its history during much of this year, Distinctively different figures of Liberty including releasing a new Liberty gold have been placed on American coins and coin, a Liberty silver medal, and adding medals since the founding of the United the “P” mint mark to the penny. Unlike States Mint 225 years ago. past anniversaries, the Mint produced Acting Deputy Director of the United coins and medals that celebrated its 225 States Mint, David Motl, said of the anni- years of artistry and engineering. versary Liberty design: “Both the American th The Act of April 2, 1792, which established Liberty 225 Anniversary Silver Medal and the Mint of the United States, also decreed the American Liberty 225th Anniversary that coins had to carry “an impression Gold Coin invigorate this motif with a emblematic of liberty, with an inscription of stunning modern allegorical Lady Liberty. the word ‘Liberty,’ and the year of the The image maintains an intimate connec- coinage.” It further provided for a reverse tion with the history of this great Nation design on gold and silver coins of an eagle and our fundamental principles, while at the same time recognizing our forward- with the words “United States of America.” looking diverse and dynamic population.” (1 Stat. 246, 248) Other legends were legislated over the years.

Philadelphia Mint employees, who work in the city where the Mint began, voted to The United States Mint released for sale th the American Liberty 225th Anniversary celebrate the 225 by adding the “P” mint

NEWSLETTER Gold Coin on April 6. This unique proof mark to the penny but just for this anniver- coin portrays an allegorical Liberty as an sary year, 2017. The Philadelphia penny African-American woman. The obverse of has never carried a mint mark before this 2 year. So, take a second look at those memento. One of these ornaments was the original ornate ones which had been shiny new pennies you get in change! purchased for the 225th anniversary by a removed during the 1909 -1910 project to THA Board member and donated to the replace the sandstone façade materials Mint Curator Dr. Robert Goler presented a Mint Curator’s Office as part of the Mint’s and columns with those of granite. lecture on June 13 at the second 225th permanent historic collection. Anniversary Lunch and Learn event at headquarters, describing why the Mint did not have much of a celebration and did not Mills Wing Restoration produce commemorative coins or medals at its earlier anniversaries. Its 50th, in Focuses on 1842 Style 1842, went unnoticed and there was no mention in the Mint’s annual report of the As reported in our last newsletter, this year milestone. marks the 175th anniversary of the comple-

tion of the “New Treasury Building,” known

At the time of the Mint’s Centennial in today as the “Mills Wing” of the Treasury 1892, the Mint was scrambling to design, th Building, the wing facing 15 Street and engrave, and mint the Nation’s first ever the center wing that bisects the building. Reproduction of 1842 Original Railing commemorative coins to be sold at the When completed, the building was the Photo courtesy of Don Adams World’s Columbian Exposition in Chicago ______th most massive building in the local area. to honor the 400 Anniversary of the discovery of America. The Mills Wing contains a number of fire- places, non-working today, some of which By the 20th century, the Mint was celebrat- are plain and others with elaborate ing its mint buildings and industrial arts on mantles and surrounds in an Etruscan assay medals. The 1902 assay medal style. The latter were designed by commemorated the opening of the third Ferdinand Pettrich, an expatriate Dresden- Philadelphia Mint at Spring Garden Street born sculptor who had been trained in in 1901. Rome. There are nine surviving Etruscan mantels, all seemingly made of cast iron, At its Bicentennial in 1992, the Mint’s their draped primitive human figures focus celebrated its vital role of producing derived from pre-Roman Etruscan art. coins for the Nation. There was a Mint- The New Treasury Building, c. 1842 During recent renovation of the wing, great wide design competition that led to the ______care was taken to restore and preserve striking of a special bronze commemo- th the highly decorated materials. rative medal that was sold to the public. In the early 20 century, the sandstone A Philadelphia Mint police officer won the materials that were used for construction During the greatly publicized controversy contest with his obverse design of minting began to deteriorate on the street-side of that occurred while the building was under the first coins with President George the building, probably due to pollutants. In construction, Congress and renowned Washington’s supply of silver. A head- the 1830s, sandstone use was decreed by architects whom the Congress engaged quarters secretary won a prize for her Congress, after it had recently authorized both criticized Robert Mills and his New reverse design of a montage of coins. the purchase of a sandstone quarry in Treasury Building, claiming that this huge The medal and the winners were docu- nearby Virginia, despite the relatively Parthenon-like building would not be mented in the Mint’s 1992 Annual Report. porous and poor quality of the stone for stable and would not last but a few years. And, the San Francisco Mint employees such massive buildings. designed and sold an anniversary com- In the 1909 -1910 timeframe, the entire In the long run, obviously Mills won the memorative T-shirt. th façade of the building facing 15 Street battle with the Congress, was able to continue the building’s construction, The Treasury Historical Association’s Mint and the 36-foot high columns were excelled in his profession, designing and ornament became a popular bicentennial replaced more stable granite that had been used for the other wings of the supervising the construction of a number Treasury Building. Interestingly, the of other still-surviving buildings in sandstone on the other sides of the Washington . . . and the long-standing building had not deteriorated, as can be Treasury Building’s Mills wing certainly viewed today in the courtyards. brought vindication to Mr. Mills with respect to the professional criticism he It was during this time that the Department received from the Congress and his removed the lateral staircase that Robert competitors in the architectural field. Mills had designed for entering the building on what is now the second floor- then numbered as the first floor (in lieu of his desired grand staircase such as now exists on each of the later three wings of today’s Treasury Building).

As part of the Treasury efforts to bring the Mills Wing back to its original design, a recent project was completed to install between the exterior columns decorative New Treasury Building, painting by Ken Frye safety railings that were reproductions of THA’s 1992 Mint Bicentennial Ornament 3

Update on Treasury Library The second phase of the digitization THA Seeking Nominees for project primarily focused on two key Initiative “Operation: Digitize!” collections of Treasury-related materials: 2018-19 Board of Directors (Underlined words are hyperlinks to websites.) telephone directories and pre-Federal Register regulations. These collections The current term of office for THA’s all- The Treasury Library celebrated its bicen- volunteer Board of Directors ends this tennial anniversary this year with events coming December 31, and we are now during National Library Week. On April th seeking nominations to fill positions on the 12 , Government Information Specialist new 2018-19 Board. Members are asked David Greek presented Operation: to submit nominations for themselves or Digitize!, a retrospective of the library’s other members in good standing (with their multi-year scanning project. The library concurrence, of course) by October 15. digitized approximately 70,000 pages of documents in two project phases. The The Board’s full strength is 15 director result of the scanning project was the positions, with 6 being officers. The THA creation of digital surrogates in PDF of Board meets about every other month for some of the library’s most unique, popular, an hour at noontime, usually in the and historical physical items. Treasury Building. Board members can attend in person or via teleconference. It Creating digital copies of physical items is not necessary to live in the metro-DC offers internal Treasury researchers, area to be a Board member. academic scholars, and the broader public a richer view into Treasury’s history. The Board of Directors has two main Specifically, by adding digitized files to the responsibilities: (a) Setting the strategic library’s catalog, digitization may increase direction for THA by identifying new discoverability of and access to historical projects and activities, and by managing documents. In addition, digitization of THA’s finances and arranging for gifts for collections is important as a preservation the Treasury Department’s historic strategy because it makes an electronic preservation activities and curatorial instance of formerly, and sometimes collections; and, (b) because THA is an fragile, print-only content. concentrate on items documenting all-volunteer organization with day-to-day

Treasury’s past, including changes to the activities, devoting time to personally The first phase of the digitization project organizational structure of the agency over administer an approved project or activity started in 2010 with a goal of scanning time and law. (examples are promoting the membership

program, organizing THA’s events such as The majority of the PDFs from both the noontime lectures, marketing THA phases of the digitization project have products, helping to manage fundraising been uploaded to, and are now accessible campaigns, keeping financial records, via, the library’s catalog on the Treasury managing public relations and communi- intranet. cations, etc.). The amount of time

The Operation: Digitize! presentation expended is determined by each director, consistent with the program that he or she sparked the development of an exhibit showcasing fifteen digitized images from agrees to manage. 1950s and 60s Treasury telephone directories, including art by Treasury If you are interested in being nominated employees. Themes in the exhibit include for appointment to the THA Board and workplace safety awareness and incentive have the interest, time, and willingness to programs. The exhibit opened in the take responsibility for a THA project or Treasury Library (Freedman’s Bank activity, if you wish to nominate another Building, Room 1020) in late July and will current THA member, or if you simply want be on display for approximately one year. to have more information about the Board’s responsibilities at this time, please The Treasury Library appreciates the contact THA’s Board Chairman Tom generous financial support provided by the O’Malley, who can send you a document Treasury Historical Association during the with further details. You may send him an collections of the Monthly Statement of project’s second phase. email at [email protected] Public Debt, Treasury Combined (please use subject line “THA Board”) or Statement of Receipts, Treasury Reporting To ask research questions or make leave a voicemail message for him at Rates of Exchange, the Official Register of arrangements to visit the exhibit, ask a (202) 298-0550. the United States, and the Internal Treasury librarian at (202) 622-0990 or Revenue Cumulative Bulletin to the [email protected] . The future of THA as a nonprofit organiza- Treasury Department. In collaboration with tion, continuing its 44 years of assistance the (then) Bureau of Public Debt’s THA wishes to thank this article’s contributor, to the Treasury Department, is totally TreasuryDirect specialists and the Govern- Katelyn DeLucca, Government Information dependent upon a continued source of ment Publishing Office’s FDsys team, the Specialist, Office of Privacy, Transparency, support of volunteers who serve on its library made these collections accessible and Records, Departmental Offices, Depar- Board of Directors tment of the Treasury to the public.

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Reminiscence of A Past New THA Website Feature: From the Editor

An Online Shopping Cart Once again, I would like to invite all our Secretary’s Departure members to submit for consideration in Purchases of THA products can now be The article in THA’s last newsletter about future newsletters short articles and photos made by credit card on our secure link the departure event for Secretary Lew about other subjects relating to Treasury with the PayPal system (you do not need brought back recollections of another Department and Treasury Building history. to have a PayPal account to use this). For significant Secretarial departure for some These could include, for example, articles those who prefer to send orders in by U.S. of our readers. Secretary of the Treasury about members’ collections of Treasury mail, a printable order form remains under John B. Connally’s farewell to Treasury memorabilia or anniversary articles about the “Online Store” tab on our home page. staff was held outdoors on the South side Treasury bureaus or major events or of the Treasury Building on May 31, 1972. Periodic special discount sale pricing for reminiscences of 25 or more years ago.. members only will have special ordering A large assembly of employees of the instructions that are a bit different than Also, we would be interested receiving any Treasury Building and Annex gathered at regular online shopping cart purchasing, suggestions from members for topics that the South plaza around the statue of since we do not want to advertise to the they might like to see covered in future THA Alexander Hamilton of the Treasury public the reduced prices. newsletters. We will make every effort to Building, spilling over into Hamilton Place research topics of interest and/or identify and Sherman Park. At the top of the Please see the next page for a special potential contributors who could create South portico, mounted just below the sale pricing that is offered only to current articles to cover such topics. American flag, was the Lone Star flag of members of THA. the State of Texas, the Secretary’s home, Thank you, in advance, for your feedback certainly making the event one-of-a-kind. THA President’s Message and suggestions on our newsletters. . John Connolly had been the Secretary of Welcome to late summer! Jerry Auten, editor the Navy for the first year of President Kennedy’s Administration, resigned to Your Treasury Historical Association is successfully run for Governor of Texas. busy working on projects that preserve the He is reconizable to many as the man who Treasury Building and celebrate and expand knowledge of Treasury’s past. accompanied President John F. Kennedy and First Lady Jacqueline Kennedy in the Our new expanded website has gone live. open-top limousine on the day of the Visit www.treasuryhistoricalassn.org to Kennedy assassination. He was wounded see the added content and our new store. on that fateful day of November 23, 1963. And, progress on producing an education- In 1971, he was appointed by President al film on the Treasury Building’s history Nixon as the Treasury Secretary, serving continues nicely, with work on a seven- for a period of about 16 months. Shortly minute trailer highlighting what is yet to afterwards, he changed from the Demo- come, featuring former Treasury Secre- cratic Party to the Republican Party. taries James A. Baker III and Robert E. Rubin, along with Treasury Curator At the massive gathering of employees, Richard Cote. Secretary Connally appeared at the top of Treasury’s South portico steps, and made Further, the next lecture in the Noontime a formal farewell address to the staff Series will be in October, exploring how before setting off for Texas. He specifi- the sales of Treasury bonds financed the cally thanked the employees for help on a Civil War. number of particular programs that were of special interest to him and the President. All this is done with your support as THA members and donors, as well as with the time and effort of dedicated volunteers. Thank you, everyone! And, please consider becoming part of the Treasury Historical Association leadership. To keep the THA moving forward, it needs leaders like you.

As always, we welcome members’ com- ments and interest. Feel free to contact me ([email protected]) or any Board member if you have any input on THA matters.

Thank you for your membership and for your continual service and support to the Department of the Treasury.

Franklin Noll, President Treasury Building Christmas/Holiday Cards - Special Members-Only Limited Time Sale Price -

Merry Christmas and Best Wishes for the New Year

Seasons Greetings and Best Wishes for the New Year

Happy Holidays and Best Wishes for the New Year

Three inside text options or blank inside for your personal greeting message.

Top-fold cards measure about 4-1/4 x 5-1/2 inches; 10 with envelopes to a box.

Regular price is $12. Special THA member price through Sept. 30, 2017 is $10 ------Name: ______Please Order Early; Street Address: ______Supply is Limited ! City/State/ZIP: ______Telephone: ______Email: ______

__ boxes “Merry . . . __ boxes “Seasons . . . __ boxes “Happy . . . __ boxes blank inside Total number of boxes: ___ @ $10 = $______+ S&H $______= Total: $______——————————————————————————————————————–——————————————— Shipping & Handling Fees to One USA Address: 1 box, $3.50, 2 boxes, $4.00; 3-4 boxes, $4.50; 5-6 boxes, $5.00; 7 or more boxes, $6.00. —————————————————————————————————————————————————————-- Two ways to order: 1. Mail your order and payment check to Treasury Historical Assn., P.O. Box 28118, Washington, DC 20038-8118 OR 2. Order online with your credit card, following these special instructions: A. Go to www.treasuryhistoricalassn.org. Do NOT click on “Online Store”— discount pricing is not advertised publicly B. Click on “Support Us” and scroll down the main Support Us page. Do not select from the drop-down options. C. Click on “Donate” button and enter the quantity and type of cards ordering in the optional “Write a Note” box. D. Be sure to include shipping and handling fee when you enter the total order amount in the U.S. dollar field.

Inside this Newsletter . . .

• THA Lecture Series • Rooms Where it Happened • A New Portrait for Treasury • Updates on the Film, • THA Officers and Board

TREASURY HISTORICAL December 20 THA Lecture ASSOCIATION th In honor of the United States Mint’s 225 December 2017 Anniversary, the speaker for THA’s Noon- time Lecture on December 20 will be David Motl, Acting Deputy Director of the Bureau

of the Mint, who will speak on “225 Years of the United States Mint.” Former Treasury employees and others interested are welcome to attend these lectures. However, if they do not possess Allegorical representation of “Treasury” in a Treasury Building pass, they need to the ceiling in the Chase Suite. arrange clearance into Main Treasury In room 3304, Secretary Salmon Chase about one week in advance. Notices are managed the nation’s finances during the sent several weeks in advance to THA Civil War and established the “greenback” members. paper currency system still in use today. Rooms Where It Happened: In room 3436, Secretary Hugh McCulloch The Offices of the Secretary dealt with the inflation from the wartime issue of Greenbacks and later maintained in Main Treasury Building a policy of reducing the federal war debt. Various rooms in the Main Treasury After the assassination of Abraham Building have served as the office of the Lincoln, the adjoining room served as the Secretary of the Treasury. The locations of President’s Office until Mrs. Lincoln left the the office evolved over time, reflecting both White House. It was also in Room 3436 that Secretary George Boutwell oversaw expansions of the Treasury Building as well as the increased importance of this Cabinet the operations of the Bureau of the Mint, position. From the building’s completion in which officially became a part of the 1869, the Office of the Secretary has Treasury Department in 1873. occupied spaces in all but the North Wing. Each office provides a snapshot of the Treasury Secretary’s important roles in America’s economic history. The offices of the Secretary have been in five locations spread across the third floor of the building (rooms 3222, 3304, 3436, 3316 and 3330), encompassing almost 180 years of American financial policy and management. Offices of the Secretary Room 3222 1838-1860

Room 3304 1861-1864 First reception of the diplomatic corps by 1897-1910 President in his temporary office in Treasury in 1865. Room 3436 1864-1875 In room 3316 in 1880 Secretary John Room 3316 1875-1897 Sherman recommended that sweeping Room 3330 1910-present changes be made for retaining valuable public service employees resulting in the In room 3222, Secretary Robert Walker Civil Service Act of 1883. Also, in this room established an Independent Treasury Secretary Charles Folger presided over the System in 1846 for the handling of public greatest (at the time) government surplus monies and he was largely responsible

ever (1881-1884), advocating for a NEWSLETTER for the creation of the Department of the reduction in Internal Revenue rates and Interior. Customs duties to reduce the surplus.

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About 2-1/2 years ago Richard Cote, on The “trailer” contains impressive and behalf of the Department, and Tom unique photography, merging historic O’Malley, on behalf of THA, urged the images with current images of areas of the Corcoran Gallery officials and subsequent Treasury Building. The narration by the two executors to donate this portrait to the former Secretaries and by THA’s President Department. They stressed the historical Franklin Noll and Treasury Curator Richard importance of Andrew Johnson to the Main Cote are produced in perfect harmony with Treasury Building. As President, Johnson the images and scenes shown during each occupied Room 3434 as a temporary White of their comments. We hope to have the House for over 6 weeks until Mrs. Lincoln trailer available on THA’s website soon. left the White House. This is now the reception room in the restored Johnson Treasury History Paper Prize This original ceiling in Room 3316 is now Suite. hidden behind another decorative ceiling. To encourage research on Treasury The portrait is expected to be transferred history, the THA Board established the Room 3330 is the longest tenured of all of sometime in 2018. The Treasury Depart- 1500 Penn Prize for the best paper on the the Secretary’s Offices. Its’ history spans ment has signed required documents and history of the Treasury Building and/or the WWI, the Great Depression, WWII, the agreed to the terms of the Deed and Treasury Department by graduate students growth of international financial policies Custodial Transfer Agreements. and scholars on any aspect of Treasury and the pioneering use of computing data history. The prize includes a $250 for fiscal management and analysis. Several additional stages of review are honorarium, travel expenses to DC of up to required, but these are not expected to $750, and an invitation to speak in THA’s create problems with the transfer of the speaker series. Advertising of the prize portrait to the Treasury Department. The included online forums and websites that District of Columbia Government's Office of cater to legal historians, business the Attorney General (OAG) has reportedly historians, and scholars of policy history. retained a curatorial consultant. When the OAG review is completed, the National The deadline for applications is set as Gallery of Art, which has the responsibility January 31, 2018. Submissions (with a limit for the actual distribution of the Corcoran's of 12,000 words) should be sent as a PDF fine art assets, will be able to provide a attachment to Michael Caires by e-mail at definitive schedule both on when Treasury [email protected]. Additional details and will learn the timeframe for receiving the answers to questions should be addressed Andrew Johnson portrait and on a public to Michael. announcement date. This academic prize program will help The actual transfer process from the accomplish one of THA’s primary goals by National Gallery of Art is expected to begin cultivating and rewarding new research on after the first of the year and to take the significance of the Treasury Depart- several months since there are over 10,800 ment to American history. It will also allow works of art from the Corcoran Gallery's THA to connect with the next generation of collection to be distributed. scholars and identify possible partners for future THA-sponsored academic outreach Room 3330 shortly after 1910 remodeling THA does not currently know the extent of efforts. The author would retain paper the required conservation/ restoration work ownership, so as to be able to publish it in As new Secretaries enter Treasury for the on the canvas and frame of the Johnson first time and sit in their office, they add a scholarly publication. The prize will be portrait. When we receive that cost publicly announced in spring 2018. their own chapter to the legacy of the estimate, we can consider potential Department. In their office and among the assistance to the Treasury Department to THA Officers and New Board corridors of the building, Secretaries are help fund the restoration work. surrounded by touchstones of American Members for 2018 - 2019 financial history. These physical reminders, Progress Continues on THA constructed over almost two centuries, Chairman – Thomas O’Malley stand as an uninterrupted legacy to the Educational Documentary President -- Deval Mehta Secretary of the potential to help direct the Past newsletters have provided information 1st VP -- Michael Caires course of the nation and change the on the progress of THA’s planned one-hour 2nd VP – Franklin Noll finances of the world for the better. educational film. With approximately 20 Secretary – Lori Santamorena This article is based on the June 21, 2017 hours of interior and exterior filming Treasurer – David Monroe THA Noontime Lecture by Guy Munsch on completed, including filming of interviews "The Offices of the Secretary" and current with former Treasury Secretaries Robert E. The THA Board welcomes four new exhibits in the Main Treasury Building. Rubin and James A. Baker III, we recently members for 2018. New Board members completed a 7-minute “trailer” or preview. are: Louise Margaglione, who brings Exciting News about a New experience in historic restoration, capital The trailer will be used as part of THA’s campaigns, finance and audit; George Portrait for Main Treasury major development campaign that is Sigalos, an attorney with expertise in planned for next spring. By providing The Treasury Department finally received marketing, communications and business potential sponsors and major donors a word that it will, indeed, receive the Andrew advisory services, formerly with Treasury’s copy of or access to this “trailer,” THA will Johnson portrait that was formerly in the Office of Public Affairs; Alan Wilensky, an demonstrate our commitment to pursue collection of the Corcoran Gallery of Art. attorney and formerly Deputy Assistant this project to full completion. 3

Secretary for Tax Policy and subsequently administer for your IRA, as well as from Officers. I want to thank everyone who has a financial advisor; and, Jeffrey Wishneski, IRS Publication 590-B, page 13. served the THA in the past and who has an attorney with experience in business committed their time in the future to development, marketing and business Third - Current Government employees running and building the association. administration. can contribute to THA through the National Capital Combined Federal Campaign. The Thank you, everyone! Continuing on the Board for 2018-2019, in CFC number is 34342. As always, we welcome the comments and addition to the officers noted above, are Fourth – As THA is continually seeking interest of members. Feel free to contact Gary Grippo, Gerald Auten, Cora Beebe me ([email protected]) or any Board Fosdick and Abby Gilbert. donations to assist the Treasury Depart- ment in historic restoration of the Treasury member if you have any input on THA Departing Board members are Mary Kertz Building, you can make a donation to our matters. Jones, Ron Levy, and Elaine Rand. During Capital Development Campaign at any Thank you for your membership and her two terms, Mary has collected valuable time. Such a gift without designation of a continual service to the Treasury. information that will be helpful as THA specific project will be used to support Franklin Noll, President develops a strategic plan for the future. Treasury’s needs as they arise. Ron, during his single term, has provided From the Editor many suggestions and insights for the Finally – Please consider renewing your Board's consideration in improving the THA membership for 2018 in December Our thanks go to Guy Munsch and Tom Association's operations. Over her six and taking the advantage of the tax O’Malley for contributing articles for this terms, Elaine has served as Membership deduction in your 2017 return. And, we issue. The article on the locations of the Chair and recently as Project Manager for hope you will consider renewing at a higher Secretary’s Office in Main Treasury article the developmental stages of THA's level. One consideration in this regard is is in connection with current exhibits in planned educational documentary film and that that the current versions of tax Main Treasury on "The Offices of the has been instrumental in helping THA to legislation being considered by Congress Secretary" and Guy’s Lecture series talk in plan for the development of its major would greatly reduce the numbers of June. fundraising campaign strategy. Members of taxpayers able to benefit from an itemized charitable deduction. As of the time of this writing, both versions the Board are grateful to these directors for of proposed tax law changes would their dedication and many contributions to THA Gift Items approximately double the standard achieving the goals and missions of THA. deduction to $24,000, and cap or eliminate THA’s two latest ornaments and some most itemized deductions. While rules for Ways to Support THA at remaining ornaments from the old bureau charitable deductions are not significantly the End of the Year histories series are available on THA’s changed, the other changes would have website along with other THA items the effect of greatly reducing the numbers As we get to the last month of 2017, please appropriate for gifts or personal use. The of taxpayers who would itemize deductions consider the any of the many ways you can Fortress of Finance, a wonderful book on and thus reduce their tax liabilities as a help THA in its mission of assisting the the history of the Treasury Building, is result of their donations. Some tax Department of the Treasury in education available on THA’s website. This book is advisors have suggested accelerating and in historic restoration of the Treasury also available on eBay and in the TDRA donations into 2017, ahead of tax changes. Building. Gift Shop in Room B-61 in the basement of Readers might consider an extra donation Main Treasury. to THA for the Film Fund, Building First - When shopping for gifts for family Restoration Fund or Library Digitization and friends on Amazon, please register on Project. the www.smile.amazon.com website, THA President’s Message where you can designate the Treasury I wish you all a happy holiday season and In future issues, we would like to include Historical Association to receive a donation new year. short articles and photos about other from the company in an amount of 0.05% I take time now to look backward and subjects relating to Treasury history. These of your total spending. While this seems to forward to the efforts of your Treasury could include, for example, articles about be a rather small amount, when combined Historical Association to preserve the members’ collections of Treasury memora- with other members’ purchases, the Treasury Building and celebrate and bilia or anniversary articles about Treasury amount is most welcomed by THA. And, expand knowledge of Treasury’s past. bureaus or major events. We would be THA will continue to benefit from your interested in hearing your suggestions for Highlights of 2017 include another year of Amazon purchases throughout next year such articles and from members willing to the lecture series, ending with a talk by and beyond. contribute items of interest to THA Dave Motl, Acting Deputy Director of the members and friends of the Treasury. Second – If you have reached the age of United States Mint, on the Mint’s 225th 70-1/2 and are drawing a minimum anniversary. Also, the THA online store Jerry Auten, editor required distribution from a conventional went live on the THA website, Individual Retirement Account, you can www.treasuryhistoricalassn.org. There, we direct your plan administrator to make a will also be posting the trailer for the new donation to THA that would reduce taxable documentary on the Treasury Building that amounts that you would receive and, thus, members have already had the chance to potentially help overall considerations in view. This is an exciting project, requiring your income tax return. As explained more much work and funding in the future. fully in the August Newsletter, you will need This year also marks changes to the Board to use THA’s full name Treasury Historical of Directors and its officers. The end of Association and the EIN is 23-7389186. 2017 marks the end of my second term as Detailed information should be obtained President. It also means the election of a from your tax advisor and/or the plan new slate of Board members and THA