William Adams Richardson
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William Adams Richardson was an American lawyer who served as the 29th United States secretary of the treasury from 1873 to 1874. During his tenure, the Panic of 1873 swept the nation and caused a dep
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Bureau of Engraving and Printing portrait of Richardson as Secretary of the Treasury.
Sanborn incident
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The Sanborn incident or Sanborn contract was an American political scandal which occurred in 1874. William Adams Richardson, President Ulysses S. Grant's Secretary of the Treasury, hired a private cit
William Adams Richardson
…million in greenbacks, which averted the crisis, although there was debate as to whether he had the authority to do so. His tenure was marred by the Sanborn incident in 1874, which involved favoritism and profiteering in the collection of unpaid taxes. He was later appointed a judge, and subsequently the chief…
John B. Sanborn