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As Treasury Secretary, Boutwell's primary achievements were reorganizing and reforming the Treasury Department, improving bookkeeping by customs houses, incorporating the United States Mint into the Treasury and reducing the national debt.
This was in response to An Address to the People of Great Britain (1798), by Richard Watson, Bishop of Llandaff, which argues that national taxes should be raised to pay for the war against France and to reduce the national debt.
The Bank of Poland was faced with both a commercial deficit and an increasing national debt.