Richard Rush (1780-1859) held several public offices in the administrations of presidents Madison and Monroe, including Comptroller at the Treasury Department, before being appointed Secretary of the Treasury by President John Quincy Adams in 1825. The Second Bank of the United States, chartered in 1816, still faced widespread opposition when Rush became Secretary. Rush defended the Bank and stated that in addition to being a secure depository for government funds, it afforded the necessary facilities for transferring the public moneys from place to place.
Concerning trade, Rush was a protectionist. He advocated restrictive tariffs that would serve to increase the productivity of American manufacturers. He initiated improvements in the collection and publishing of commercial statistics in order to study the relation of tariff duties to trade. Rush resigned in 1829 at the conclusion of Adams's presidency.
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