The sun., 1895-05-25
HUGH M'CULLOCH DEAD.
Secretary OF the Treasury Under Lincoln
aud Again Under Arthur.

nud Again Under Arthur.
Ex-Secretary Hugh McCulloch died Mt twenty
minutes to A. NJ. yesterday at his country
home. near Washington. The cause Of death
was a general breaking down of the system. due
to extreme age. aggravated by lung trouble.
Mr.. McCulloch was in q comntose state when
death came. His two sons. one daughter. and a
grandson were at his bedside.
Hugh McCulloch was born in Kennebunk.
Me-, Dec. 7. 1903. He entered Bowdoin in 1924.
but leaving on account OF illness IN 1896. taught
until 1929. and then studied law in Kennebunk
and Boston. In 1888 he went to tho West and
settled in Fort Wayne, Ind. In 1885 he was
elected cashier and manager of tho branch at
Fort Wayne Of the State Bank OF Indiana. and
at the expiration OF its charter in 1856 he be-
came the President of the Bank of the State Of
Indiana, which post he held until May. 1863.
He then resigned to accept the Office of Comp
troller of the Currency. which was rendered to
him by Secretary Salmon p. Chase. undertaking
the organization of the newly created bureau
and the putting into operation OF the national
servatism influenced the managers OF the large
State banks. and promoted the conversion Of the
leading credit institutions of the commercial
cities into national banks.
?. Fesscnden. Mr.. McCuloct was appointed by
which time the Government was in great iinan-
cial embarrassment. IT, was sti!i incurring
enormous cNpenStS, ana nchNy demands were
pressing upon nearly empty Treasury Mr..
McCuloch's first and most important duty,
therefore. was TO raise by further loans what was
needed to pay the large amount due TO 100000
soldiers and sailors whose services the Govern
nG msp eSs was In p"stn tt Hspnss w
accomplished. and in less than six months from
the time Of his appointment all the matured
reduction of the debt was begun. The next
most important work was the conversion Of
n q xyQS IiatI u af-
fected. and In a little more than two years the
whole debt OF the country was put into salts
In his annual reports he advocated a steady
reduction OF the national debt, the retirement of
specie payments. urging that permanent pub
llc debt might be dangerous to republican nsti-
business OF the Government to furnish the
no power under the Constitution to make its
own notes lawful money. and that the paper
currency Of the country should be furnished by
the banks. His views upon the subject OF the
debt were sustained By Congress, as were ALSO
for short time those in regard TO the legal
tender notes.
Secretary McCulloch held Office until March +.
1860, From 1871 iii 1878 he was engaged in
banking In Lopdon: In October. 1887. upon tho
tinued in office until tho expiration OF President
Arthur's term. March I; lSsJ. being the only
that Office twice. Since his resignation he has
resided in Washington and on his farm in Mary
lana.
Mr.. McCulloch has contributed articles on
financial and G3mmercialG questions t" the maya
zines and public journals. A series OF letters
written by him in London 10 the Ncw idrh
Tribune, in 1879. were extensively copied and
were used by the Republicans in Ohio in 1875
for political purposes.
The funeral will be held on Monday next at
Rock Creek Church. near Washington, and the
interment wi be in the old and picturesque ad-
jacent churchyard. overlooking the Rock Creek
Government park; There will be no honorary
pail bearers and the caskst will be borne by the
attaches OF bis household
Under the law the only official cognizance that
can be taken Of the death OF ex-Secretary Nc
Cul!Och is the half masting OF the flag over the
bula!ng wher" he served his country so we'll.
The sta:,.tss bearing on this gensra subject are
Judicial Appropriation. bill approved March
3. 1893. In that act 1t is provided: That
hereafter no building owned or used for public
purposes by the Government of the United
States shall be draped In mourning. and no part
of the public funds shall be used for such pur-
poses. That hereafter the executive depart
ments OF the Government shall not be closed as
u mark of respect to the memory OF any deceased
ex-oiiicial Of the United States"