History of the United States of America, Volume 1 (of 9) : $b During the first administration of Thomas JeffersonAdams, Henry
History
History of the United States of America, Volume 1 (of 9) : $b During the first administration of Thomas Jefferson
Adams, Henry
United States -- History -- 1801-1809; United States -- History -- 1809-1817
Neither in the Senate nor in the House did Gallatin’s financial schemes
meet with serious question; they were accepted without change, and
embodied in legislation evidently the work of the secretary’s own hand.
So cautious was Gallatin, that notwithstanding the assertions of the
President’s Message, he would not make himself responsible for the
repeal of internal taxes, but left his colleagues of the War and Navy
to pledge themselves to John Randolph for economies to the amount of
$600,000, which the event proved to be not wholly practicable. Dearborn
and Robert Smith in good faith gave to Randolph the required pledges,
and Congress gladly acted upon them. The internal taxes were swept
away, and with them one half the government patronage; while a sinking
fund was organized, by means of which the public debt, amounting to a
nominal capital of about $80,000,000, was to be paid off in sixteen
years.
This financial legislation was the sum of what was accomplished by
Congress toward positive reform. The whole of Jefferson’s theory of
internal politics, so far as it was embodied in law, rested in the
Act making an annual appropriation of $7,300,000 for paying interest
and capital of the public debt; and in the Act for repealing the
internal taxes. In these two measures must be sought the foundation
for his system of politics abroad and at home, as this system has been
described; for his policy flowed in a necessary channel as soon as
these measures were adopted.
Great as the change was which under the guise of economy Congress
thus quietly effected,--a change which in Jefferson’s intention was
to substitute commercial restrictions in the place of armaments, for
purposes of national defence,--so skilfully was it done that the
Federalists could muster only twenty-four votes against it. Jefferson
succeeded in carrying his preliminary measures through Congress without
meeting, or even raising, the question of their ultimate objects and
practical scope; but this manner of dealing with a free people had
disadvantages, for it caused them to adopt a system which they did
not wholly understand, and were not fully prepared to carry out. A
few Virginians knew what Jefferson meant; a clique of members in the
House and Senate might have foretold every step in the movement of
Government: but the Northern and Western democrats thought only of
economy, and accepted the President’s partial reasoning as sufficient;
while the Federalists, although they saw the truth more clearly,
could not oblige the Administration to enter into a full and candid
discussion, which, without affecting the result, would have educated
the public and saved much misunderstanding in the future.
Public-domain text, read in full here on John Shaqi.
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