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
“The man voted for as Vice-president will be selected without
any decisive view to his qualifications to administer the
government. The office will generally be carried into the
market to be exchanged for the votes of some large States for
President; and the only criterion which will be regarded as
a qualification for the office of Vice-president will be the
temporary influence of the candidate over the electors of his
State.... The momentary views of party may perhaps be promoted
by such arrangements, but the permanent interests of the country
are sacrificed.”
Griswold held that true reform required abolition of the office; and
in this opinion his old enemy John Randolph warmly agreed. In the
Senate, had the question risen as a new one, perhaps a majority might
have favored abolition, for the results of retaining the office were
foreseen; but the discussion was hampered by the supposed popular will
and by express votes of State legislatures, and Congress felt itself
obliged to follow a prescribed course. The amendment was adopted by the
usual party vote; and the Federalists thenceforward were able to charge
Jefferson and his party with responsibility not only for stripping the
small States of an advantage which had made part of their bargain, but
also for putting in the office of President, in case of vacancies, men
whom no State and no elector intended for the post.
CHAPTER VII.
THE extraordinary success which marked Jefferson’s foreign
relations in the year 1803 was almost equally conspicuous in domestic
affairs. The Treasury was as fortunate as the Department of State.
Gallatin silenced opposition. Although the customs produced two
millions less than in 1802, yet when the Secretary in October, 1803,
announced his financial arrangements, which included the purchase-money
of fifteen million dollars for Louisiana, he was able to provide for
all his needs without imposing a new tax. The treaty required the issue
of six-per-cent bonds for eleven million two hundred and fifty thousand
dollars, redeemable after fifteen years. These were issued; and to meet
the interest and sinking fund Gallatin added from his surplus an annual
appropriation of seven hundred thousand dollars to his general fund;
so that the discharge of the whole debt would take place within the
year 1818, instead of eighteen months earlier, as had been intended.
New Orleans was expected to provide two hundred thousand dollars a
year toward the interest. Of the remaining four millions, the Treasury
already held half, and Gallatin hoped to provide the whole from future
surplus, which he actually did.
Public-domain text, read in full here on John Shaqi.
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