History of the United States of America, Volume 6 (of 9) : $b During the first administration of James MadisonAdams, Henry
History
History of the United States of America, Volume 6 (of 9) : $b During the first administration of James Madison
Adams, Henry
United States -- History -- 1801-1809; United States -- History -- 1809-1817
Not without difficulty could one understand from this statement
precisely what prevented the restoration of peace. England had never
refused to discharge American seamen on sufficient evidence of wrongful
impressment. According to the Message, the President asked only “an
immediate discharge of American seamen from British ships, and a stop
to impressment from American ships.” The demand of this point seemed
to imply that England had made or would probably make satisfactory
concessions on all others. The Message therefore narrowed the cause
of war to the requirement of a formal suspension of impressments from
American ships, though not of American citizens on shore, pending
negotiations, and to be made permanent by treaty. The demand was
proper, and its only fault was to fall short of full satisfaction; but
considered in its effect upon the politics of the moment the attitude
was new, unsupported by a precedent, unwarranted by any previous
decision or declaration of President or Congress, and open to the
Federalist charge that Madison sought only an excuse for continuing to
stake the national existence on the chance of success in his alliance
with Bonaparte. The rest of the Message helped to strengthen the
impression that a policy of permanent war was to be fixed upon the
country; for it recommended higher pay for recruits and volunteers,
an increase in the number of general officers, a reorganization of
the general staff of the army, and an increase of the navy. The
impression was not weakened by the President’s silence in regard to
the financial wants of the government, which left to the Secretary of
the Treasury the unpleasant duty of announcing that the enormous sum
of twenty million dollars must be borrowed for the coming year. Every
one knew that such a demand was equivalent to admitting the prospect of
immediate bankruptcy.
“I think a loan to that amount to be altogether unattainable,”
Gallatin told Madison in private.[375] “From banks we can expect
little or nothing, as they have already lent nearly to the full
extent of their faculties. All that I could obtain this year
from individual subscriptions does not exceed three million two
hundred thousand dollars.”
The President refrained from presenting this demand to Congress, and
not until after the election was the financial situation made known;
but then Gallatin’s report, sent to the House December 5, estimated
the military expenses at seventeen millions, the naval at nearly five
millions, and the civil at fifteen hundred thousand, besides interest
on the public debt to the amount of three million three hundred
thousand, and reimbursements of loans, treasury notes, etc., reaching
five million two hundred thousand more,--in all, thirty-one million
nine hundred and twenty-five thousand dollars. This estimate omitted
every expenditure not already authorized by law, such as the proposed
increase of army and navy.
Public-domain text, read in full here on John Shaqi.
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