Albert Gallatin Quotes

The money wanted by the public must be purchased at its market price.

 
Context
The Secretary was arguing to pay market interest for Federal borrowings rather than the 6% bonds which had been traditional theretofore.
Albert Gallatin
Albert Gallatin
  • Born: January 29, 1761
  • Died: August 12, 1849
  • Nationality: Swiss
  • Profession: Statesman

Abraham Alfonse Albert Gallatin, born de Gallatin was a Genevan-American politician, diplomat, ethnologist and linguist. He was an important leader of the Democratic-Republican Party, serving in various federal elective and appointed positions across four decades. He represented Pennsylvania in the Senate and the House of Representatives before becoming the longest-tenured United States Secretary of the Treasury and serving as a high-ranking diplomat.