The sums received from the sales in the second term of Jefferson's
administration reached nearly two and one half millions of dollars, and
in Madison's first term, nearly three millions of dollars. From first to
last Mr. Gallatin never lost sight of the subject, though occasion did
not serve for more than organization of the system which, in the four
years ending 1836, yielded nearly fifty million dollars, and paid more
than one third of the entire expenses of the government. To John W.
Eppes[18] Mr. Gallatin wrote in the crisis of 1813, "The public lands
constitute the only great national resource exclusive of loans and
taxes. They have already been mentioned as a fund for the ultimate
extinguishment of the public debt." The land offices were then in full
operation.
In 1810 Mr. Gallatin prepared an "Introduction to the collection of
laws, treaties, and other documents respecting the public lands," which
was published pursuant to an act of Congress passed in April of that
year.
_Free Trade_
While Mr. Gallatin differed from his early Republican associates in many
of their theories of administration, he was a firm believer in the best
of their principles, namely, the wisdom of giving free scope to the
development of national resources with the least possible interference
on the part of government. One of his purposes in his persistent desire
for economy in expenditure was to reduce the tariff upon foreign
importations to the lowest practicable limit. He was the earliest public
advocate in America of the principles of free trade, and an experience
of sixty years confirmed him in his convictions.
The extinguishment of the debt rendered a great reduction in the revenue
possible. On the other hand, it brought the friends of a low tariff face
to face with the problem of internal improvements. As the election of
1832 drew near, the advocates of the two systems ranged themselves in
two great parties precisely as to-day: the advocates of the protective
or American system with internal improvements as an outlet for
accumulations of revenue on the one side; on the other the advocates of
free trade. Between his desire for the advantages of the one with its
attendant disadvantages of government interference in its prosecution,
and the freedom of commerce from undue restrictions, Mr. Gallatin did
not hesitate. He threw the whole force of his experience and character
into the free trade cause, and became the leader of its friends.
Public-domain text, read in full here on John Shaqi.
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