This settlement had another interest as being one of the perennial
geographical compromises by means of which the Union was for so long
preserved. The support of Hamilton's policy came mainly from the North;
the opposition to it from the South. It so happened that coincidentally
North and South were divided on another question, the position of the
projected Capital of the Federation. The Southerners wanted it to be on
the Potomac between Virginia and Maryland; the Northerners would have
preferred it further north. At Jefferson's house Hamilton met some of
the leading Southern politicians, and a bargain was struck. The
Secretary's proposal as to the State debts was accepted, and the South
had its way in regard to the Capital. Hamilton probably felt that he
had bought a solid advantage in return for a purely sentimental
concession. Neither he nor anyone else could foresee the day of peril
when the position of Washington between the two Southern States would
become one of the gravest of the strategic embarrassments of the Federal
Government.
Later, when Hamilton's policy and personality had become odious to him,
Jefferson expressed remorse for his conduct of the occasion, and blamed
his colleague for taking advantage of his ignorance of the question. His
sincerity cannot be doubted, but it will appear to the impartial
observer that his earlier judgment was the wiser of the two. The
assumption of State debts had really nothing "monocratic" or
anti-popular about it--nothing even tending to infringe the rights and
liberties of the several States--while it was clearly a statesmanlike
measure from the national standpoint, tending at once to restore the
public credit and cement the Union. But Jefferson read backwards into
this innocuous and beneficent stroke of policy the spirit which he
justly perceived to inform the later and more dubious measures which
proceeded from the same author.
Public-domain text, read in full here on John Shaqi.
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