"The financial department in the House was quite vacant, so far at least
as the opposition was concerned; and having made myself complete master
of the subject and occupied that field almost exclusively, it is not
astonishing that my views should have been adopted by the Republican
party and been acted upon when they came into power. My first step was
to have a standing committee of ways and means appointed. That this
should not have been sooner done proves the existing bias in favor of
increasing as far as possible the power of the Executive branch. The
next thing was to demonstrate that the expenditure had till then
exceeded the income: the remedy proposed was economy. Economy means
order and skill; and after having determined the proper and necessary
objects of expense, the Legislature cannot enforce true economy
otherwise than by making _specific_ appropriations. Even these must be
made with due knowledge of the subject, since, if carried too far by too
many subdivisions, they become injurious, if not impracticable. This
subject has ever been a bone of contention between the legislative and
executive branches in every representative government, and it is in
reality the only proper and efficient legislative check on executive
prodigality.
"Respecting the objects of expenditure, there was not, apart from that
connected with the French hostilities, any other subject of division but
that of the navy. And the true question was whether the creation of an
efficient navy should be postponed to the payment of the public debt."
...
[Sidenote: 1796.]
During Mr. Gallatin's maiden session of Congress, the exciting winter of
1795-96, when the first of our great party contests took place, not even
a private letter seems to have been written by him that throws light on
his acts or thoughts. His wife was with him in Philadelphia. If he wrote
confidentially to any other person, his letters are now lost. The only
material for his biography is in the Annals of Congress and in his
speeches, with the replies they provoked; a material long since worn
threadbare by biographers and historians.
Public-domain text, read in full here on John Shaqi.
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