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
The exceptions to the newly-established discipline were chiefly
found among the war leaders themselves, who had done most to make
it necessary. As the demands of the government became greater, they
interfered with favorite interests or prejudices. This was particularly
the case with the required financial measures. Gallatin made in
his annual report no direct recommendations; he contented himself
with a brief statement of receipts and estimates; but in a letter
to the Committee of Ways and Means, dated November 18, he suggested
a resource which might to the extent of a few millions relieve the
Treasury from its immediate burden. The resource was accidental.
Immediately after the repeal of the British Orders in Council, British
merchandise to a great amount was shipped to America in reliance on
the Act of Congress of March 2, 1811, which declared that the repeal
of the British Orders, at any time, should of itself put an end to the
American non-importation. The declaration of war, five days before
the British repeal, rendered inoperative the Act of March 2, 1811, so
that the importers became liable not only to capture by the public and
private armed vessels of both countries, but also to confiscation of
their property by the government on its arrival in the United States.
Both events occurred. Some vessels were captured at sea, and sent in;
but these and all the rest were alike seized on their arrival, and
libelled by the government without distinction. The question then
arose, what should be done with them.
Under the law of forfeiture, one half was vested in the custom-house
officers or informers, the other half in the United States; and the
power to remit, in whole or in part, was vested in the Secretary
of the Treasury. No one expected the government to exact the full
forfeiture, for the importations had been made in good faith, and the
property was chiefly American. As though to protect the owners the
courts interfered, and in certain districts compelled the collectors to
release the cargoes on receiving bonds to their appraised value. The
action of the courts obliged the President to make the rule general.
All the cargoes were released, the goods passed into the market, and
only bonds to the amount of near eighteen million dollars, besides
duties to the amount of five millions, remained in charge of the
Treasury. The five millions were safe; but the bonds were by no means
as good as the gold.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account