Ten Years in Washington: or, Inside Life and Scenes in Our National Capital as a Woman Sees Them ... to Which Is Added a Full Account of the Life and Death of President James A. GarfieldClemmer, Mary
History
Ten Years in Washington: or, Inside Life and Scenes in Our National Capital as a Woman Sees Them ... to Which Is Added a Full Account of the Life and Death of President James A. Garfield
Clemmer, Mary
Washington (D.C.) -- Description and travel; Washington (D.C.) -- History
Gallatin was an ardent partisan of the President, and declares, himself,
that he undertook his task of exposing Hamilton, and bringing his lofty
head low, with great zest and thoroughness. But his hunt for “blunders”
and venality merged soon into a labor of love. Upon his just and
comprehensive mind, Hamilton’s perfect system, day by day, revealed
itself. By the time he had mastered its details, and measured its
completeness, he was filled with admiration. “In the honest enthusiasm
of a truly great mind he went to Mr. Jefferson and said: ‘Mr. President,
I have, as you directed, made a thorough examination of the books,
accounts and correspondence of my department, from its commencement. I
have found,’ said the conscientious Secretary, ‘the most perfect system
ever formed. Any change under it would injure it.’ Hamilton made no
blunders, committed no frauds; he did nothing wrong.”
Albert Gallatin marked his administration by a series of reports
regarding the best method of canceling the national debt, the proper
policy of disposing of the public lands, and the legality and necessity
of establishing a national bank. Thus, contrary to his original
intention, he associated himself with Morris and Hamilton as one of the
three founders of the financial policy of the nation.
By the year 1804, the business of the Treasury had so increased, that an
effort was made toward the erection of a building, to become the
especial depository of the records. An idea may be given of the demands
of the infant government and its notions of economy, in the facts that
this vaunted fire-proof public building is much smaller than an
unpretentious private dwelling of the present time, and that it cost
less than the sum of twelve thousand dollars.
Mr. Madison, on his accession to the Presidency, retained Mr. Gallatin
at the head of the Treasury.
On March 1, 1809, an act of Congress directed that all warrants drawn on
the Treasury by the Secretaries of the different executive departments,
should designate the appropriation to which they were charged.
June 18, 1812, war was declared, and Congress was convened in special
session, to consider the necessities of the Treasury. Out of the
legislation which followed, came our present internal revenue laws. Mr.
Gallatin, after having held his office longer than any of his
predecessors, resigned, and went on a foreign mission. A period of
extreme money depression succeeded his resignation. August 24, 1814, the
British troops entered Washington, and, with the Capitol and other
public buildings, burned the Treasury. The business of the Treasury, for
a considerable time afterwards, was carried on in what was known as “the
Seven Buildings,” in the western part of the city.
George N. Campbell, of Tennessee, Mr. Gallatin’s successor, attempted to
negotiate a loan of twenty-five millions of dollars, but failed, and
resigned his office. The national credit was at its lowest ebb.
Public-domain text, read in full here on John Shaqi.
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