Beacon Lights of History, Volume 11: American FoundersLord, John
History
Beacon Lights of History, Volume 11: American Founders
Lord, John
History; United States -- Biography
In considering the vital points in the administration of Washington the
reader will not expect to find any of the spirited and exciting elements
of the Revolutionary period. The organization and ordering of
governmental policies is not romantic, but hard, patient, persevering
work. All questions were yet unsettled,--at least in domestic matters,
such as finance, tariffs, and revenue. One thing is clear enough, that
the national debt and the State debts and the foreign debt altogether
amounted to about seventy-five million dollars, the interest on which
was unpaid by reason of a depleted treasury and want of credit, which
produced great financial embarrassments. Then there were grave Indian
hostilities demanding a large military force to suppress them, and there
was no money to pay the troops. And when Congress finally agreed, in the
face of great opposition, to adopt the plans of Hamilton and raise a
revenue by excise on distilled spirits, manufactured chiefly in
Pennsylvania, there was a rebellion among the stubborn and warlike
Scotch-Irish, who were the principal distillers of whiskey, which
required the whole force of the government to put down.
In the matter of revenue, involving the most important of all the
problems to be solved, Washington adopted the views of Hamilton, and
contented himself with recommending them to Congress,--a body utterly
inexperienced, and ignorant of the principles of political economy.
Nothing was so unpopular as taxation in any form, and yet without it the
government could not be carried on. The Southern States wanted an
unrestricted commerce, amounting to "free trade," that they might get
all manufactured articles at the smallest possible price; and these came
chiefly from abroad. All import duties were an abomination to them, and
yet without these a national revenue could not be raised. It is true
that Washington had recommended the encouragement of domestic
manufactures, the dependence of country on foreigners for nearly all
supplies having been one of the chief difficulties of the war, but the
great idea of "protection" had not become a mooted point in national
legislation.
Hamilton had further proposed a bank, but this also met with great
opposition in Congress among the anti-Federalists and the partisans of
Jefferson, fearful and jealous of a moneyed power. In the end the
measures which Hamilton suggested were generally adopted, and the good
results were beginning to be seen, but the financial position of the
country for several years after the formation of the Federal government
was embarrassing, if not alarming.
Public-domain text, read in full here on John Shaqi.
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