History of the United States of America, Volume 2 (of 9) : $b During the first administration of Thomas Jefferson — John Shaqi
History of the United States of America, Volume 2 (of 9) : $b During the first administration of Thomas JeffersonAdams, Henry
History
History of the United States of America, Volume 2 (of 9) : $b During the first administration of Thomas Jefferson
Adams, Henry
United States -- History -- 1801-1809; United States -- History -- 1809-1817
IN the excitement of this rapid and half-understood foreign
drama, domestic affairs seemed tame to the American people, who
were busied only with the routine of daily life. They had set their
democratic house in order. So short and easy was the task, that the
work of a single year finished it. When the President was about to meet
Congress for the second time, he had no new measures to offer.[62]
“The path we have to pursue is so quiet that we have nothing scarcely
to propose to our legislature.” The session was too short for severe
labor. A quorum was not made until the middle of December, 1802;
the Seventh Congress expired March 4, 1803. Of these ten weeks, a
large part was consumed in discussions of Morales’s proclamation and
Bonaparte’s scheme of colonizing Louisiana.
On one plea the ruling party relied as an excuse for inactivity and
as a defence against attack. Their enemies had said and believed that
the democrats possessed neither virtue nor ability enough to carry on
the government; but after eighteen months of trial, as the year 1803
began, the most severe Federalist could not with truth assert that
the country had yet suffered in material welfare from the change.
Although the peace in Europe, after October, 1801, checked the shipping
interests of America, and although France and Spain, returning to the
strictness of their colonial system, drove the American flag from their
harbors in the Antilles, yet Gallatin at the close of the first year of
peace was able to tell Congress[63] that the customs revenue, which he
had estimated twelve months before at $9,500,000, had brought into the
Treasury $12,280,000, or much more than had ever before been realized
in a single year from all sources of revenue united. That the Secretary
of the Treasury should miscalculate by one third the product of his
own taxes was strange; but Gallatin liked to measure the future, not
by a probable mean, but by its lowest possible extreme, and his chief
aim was to check extravagance in appropriations for objects which he
thought bad. His caution increased the popular effect of his success.
Opposition became ridiculous when it persisted in grumbling at a system
which, beginning with a hazardous reduction of taxes, brought in a
single year an immense increase in revenue. The details of Gallatin’s
finance fretted the Federalists without helping them.
Public-domain text, read in full here on John Shaqi.
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