The first evidence of change was the proposed fund for internal improvements and war purposes described in the second Inaugural Address. The suggestion was intended to prepare the public for a relaxation of Gallatin’s economy. Although the entire debt could not be paid before 1817, only ten and a half millions of bonds remained to be immediately dealt with. By the year 1809 these ten and a half millions would be discharged; and thereafter Gallatin might reduce his annual payments of principal and interest from $8,000,000 to $4,500.000, freeing an annual sum of $3,500,000 for use in other directions. During the next three years Gallatin was anxious to maintain his old system, and especially to preserve peace with foreign nations; but after the year 1808 he promised to relax his severity, and to provide three or four millions for purposes of internal improvement and defence. The rapid increase of revenue helped to create confidence in this calculation, and to hasten decision as to the use of the promised surplus. The President had already decided to convert it into a permanent reserve fund. He looked forward to the moment when, as he expressed it, he could “begin upon canals, roads, colleges, etc.”[9] He no longer talked of “a wise and frugal government which shall restrain men from injuring one another, which shall leave them otherwise free to regulate their own pursuits of industry and improvement, and shall not take from the mouth of labor the bread it has earned;” he rather proposed to devote a third of the national revenues to improvements and to regulation of industries. This theory of statesmanship was broader than that which he had proclaimed four years earlier. Jefferson proved the liberality and elevation of his mind; and if he did this at some cost to his consistency, he did only what all men had done whose minds kept pace with the movement of their time. So far as he could see, at the threshold of his second term, he had every reason to hope that it would be more successful than his first. He promised to annihilate opposition; and no serious obstacle seemed in his path. No doubt his concessions to the spirit of nationality, in winning support from moderate Federalists and self-interested democrats, alienated a few State-rights Republicans, and might arouse uneasiness among old friends; but to this Jefferson resigned himself. He parted company with the “mere metaphysical subtleties” of John Randolph. Except in his aversion to military measures and to formal etiquette, he stood nearly where President Washington had stood ten years before.