His chief innovation was the introduction of payment from the public treasury for state service.
In March 1841 he became secretary of the treasury in President W.
The excess expenditure caused the Post Office during two or three years to make temporary application of Savings Banks' balances to telegraph expenditure, an expedient which was disapproved of by both the Treasury and the House of Commons.
The Italian treasury at once honored all the papal drafts, and thus contributed a first instalment of the 3,225,000 lire per annum afterwards placed by Article 4 of the Law of Guarantees at the disposal of the Holy See.
The First Punic War having exhausted the treasury, the as was reduced to 2 OZ.