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| Affiliation | Democratic-Republican |
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| Name | Oliver Wolcott, Jr. |
| Address |
, Connecticut , United States |
| Email | None |
| Website | None |
| Born |
January 17, 1760
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| Died | June 01, 1833
(73 years)
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| Contributor | Classical Liberal |
| Last Modifed | RBH
Jan 21, 2011 11:34pm |
| Tags |
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| Info | Oliver Wolcott was appointed by President George Washington to be the 2nd Secretary of the Treasury. He served from February 3, 1795 to March 3, 1797. Wolcott was retained in office by President John Adams and Served from March 4, 1797 to December 31, 1800.
When Alexander Hamilton, the 1st Secretary of the Treasury, resigned from the Cabinet, President Washington appointed Wolcott, placing in the office a man known to be a vigorous supporter of Alexander Hamilton's financial program.
Wolcott, a third generation scion of an American family prominent in Connecticut and national affairs during the colonial and early national periods, had attracted attention as a specialist in public finance for his work in settling the financial dispute between Connecticut and the Federal Government in 1784.
After serving briefly as Comptroller of Accounts for Connecticut during 1788-1789, he was named Auditor (1789-1791) and then Comptroller of the United States, where he served from 1791 until 1795.
An enthusiastic proponent of Alexander Hamilton's financial philosophy and program, Wolcott spent much of his tenure as Secretary of the Treasury defending his increasingly unpopular financial program against the attacks of the Jeffersonians.
He was retained in office as Secretary of the Treasury by President John Adams, and served through that Administration until his resignation during the election campaign of 1800, effective December 31, 1800, to accept the U.S. Judgeship of Connecticut.
Wolcott spent the next ten years as a prosperous businessman in New York City. Returning to political life in 1812, Wolcott organized a party coalition of liberal Federalists and Democratic-Republicans in Connecticut in 1816 as the "Toleration Party," and was elected Governor of the State for several terms from 1817-1827.
Oliver Wolcott was born on January 17, 1760 in Litchfield, Connecticut. He graduated from Yale in 1778, served briefly in the Revolutionary Army, and was admitted to the bar in 1781. Oliver Wolcott died on June 1, 1833 in New York City.
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