"The spirit of internal improvements had not yet been awakened. Still,
the first turnpike-road in the United States was that from Philadelphia
to Lancaster, which met with considerable opposition. This, as well as
every temporary improvement in our communications (roads and rivers) and
preliminary surveys, met, of course, with my warm support. But it was in
the fiscal department that I was particularly employed, and the
circumstances of the times favored the restoration of the finances of
the State.
"The report of the Committee of Ways and Means of the session 1790-1791
(presented by Gurney, chairman) was entirely prepared by me, known to be
so, and laid the foundation of my reputation. I was quite astonished at
the general encomiums bestowed upon it, and was not at all aware that I
had done so well. It was perspicuous and comprehensive; but I am
confident that its true merit, and that which gained me the general
confidence, was its being founded in strict justice, without the
slightest regard to party feelings or popular prejudices. The principles
assumed, and which were carried into effect, were the immediate
reimbursement and extinction of the State paper money, the immediate
payment in specie of all the current expenses or warrants on the
treasury (the postponement and uncertainty of which had given rise to
shameful and corrupt speculations), and provision for discharging
without defalcation every debt and engagement previously recognized by
the State. In conformity with this the State paid to its creditors the
difference between the nominal amount of the State debt assumed by the
United States and the rate at which it was funded by the Act of
Congress.
"The proceeds of the public lands, together with the arrears, were the
fund which not only discharged all the public debts but left a large
surplus. The apprehension that this would be squandered by the
Legislature was the principal inducement for chartering the Bank of
Pennsylvania with a capital of two millions of dollars, of which the
State subscribed one-half. This and similar subsequent investments
enabled Pennsylvania to defray out of the dividends all the expenses of
government without any direct tax during the forty ensuing years, and
till the adoption of the system of internal improvement, which required
new resources.
"It was my constant assiduity to business and the assistance derived
from it by many members which enabled the Republican party in the
Legislature, then a minority on a joint ballot, to elect me, and no
other but me of that party, Senator of the United States."
Among the reports enumerated by Mr. Gallatin as those of which he was
the author is the following, made by a committee on the 22d March, 1793:
"That they ... are of opinion that slavery is inconsistent with every
principle of humanity, justice, and right, and repugnant to the spirit
and express letter of the constitution of this Commonwealth; therefore
submit the following resolution, viz.:
Public-domain text, read in full here on John Shaqi.
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