. The progress of the Empire State a work devoted to the historical, financial, industrial, and literary development of New York. r embarrassed by another provision of law, providingthat it should satisfy all demands in specie or its equiva-lent, and prohibiting the offer of any bank note not con-vertible on the spot into gold or silver at the will of theholder. To remedy these conditions Van Buren recom-mended that the government should create an independentTreasury to take care of its own funds, and that it shouldcollect its own revenue and make its own bill was introduced in
. The progress of the Empire State a work devoted to the historical, financial, industrial, and literary development of New York. r embarrassed by another provision of law, providingthat it should satisfy all demands in specie or its equiva-lent, and prohibiting the offer of any bank note not con-vertible on the spot into gold or silver at the will of theholder. To remedy these conditions Van Buren recom-mended that the government should create an independentTreasury to take care of its own funds, and that it shouldcollect its own revenue and make its own bill was introduced into the Senate on September 14, 1837,which after being considerably amended became law onJuly 4, 1840. The sweeping victory of the Whigs in thenext elections caused the repeal of the independent Treas-ury law August 13, 1841, and it is probable that if PresidentWilliam Henry Harrison had lived, a third United StatesBank would have been The Democrats were again returned to power in 1844and a new measure for creating the independent Treasury 1 Dewey, Financial History of the United Slates, New York, 1903, p. A. BARTON HEPBURN Hanker; chairman of I rial Hank, New York City; born in Colton, X. Y., July 24, [846; son Zina Earleand Beulah (Gray) Hepburn; M [871; ( University, 1906; Colun m; Will ge, 1911; mar- [attie A. Fishi 1 to, 1873; 2d, Emily L. Eaton of Montpelier, Vt., July 14, 1887. Was instruc-tor mathematics, St. Lawrence Academy; principal Ogdenslmrg itional Institute; practis Colton, N. Y.; member New York Asseml superintendent of Banking itment, State of New York, 1880-1883; United StatesBank Examiner for Xew York, 1888-1892; Comptroller of theCurrency, 1892-1893; president Third Xational Bank, New York,1893-1897; vice-president Xational City Bank, New York,1897-1899; president Chase National Bank, New York, 1899-1911. Director, Chase National Bank, Bankers Trust Co.,Columbia-Knickerbocker Trust Co., First National Bank, Fir
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