The Life of George Washington, Vol. 4: Commander in Chief of the American Forces During the War; which Established the Independence of his Country and First; President of the United StatesMarshall, John
History
The Life of George Washington, Vol. 4: Commander in Chief of the American Forces During the War; which Established the Independence of his Country and First; President of the United States
Marshall, John
Generals -- United States -- Biography; Presidents -- United States -- Biography; Washington, George, 1732-1799
This motion was objected to by Mr. Madison as being premature. The
state of the finances, he thought, was not sufficiently understood to
authorize the adoption of the measure it contemplated. The debate
however soon took a different direction. That part of the resolution
which proposed a reference to the secretary of the treasury was
particularly opposed; and an ardent discussion ensued, in which,
without much essential variation, the arguments which had before been
urged on the same subject were again employed. After a vehement
contest, the motion to amend the resolution by striking out the
proposed reference was overruled, and it was carried in its original
form.
{1793}
In obedience to this order, the secretary made a report, in which he
proposed a plan for the annual redemption of that portion of the debt,
the payment of which was warranted by the contract between the United
States and their creditors. But the expenses of the Indian war
rendering it, in his opinion, unsafe to rest absolutely on the
existing revenue, he proposed to extend the internal taxes to pleasure
horses, or pleasure carriages, as the legislature might deem most
eligible. The consideration of this report was deferred on various
pretexts; and a motion was made to reduce the military establishment.
The debate on this subject was peculiarly earnest; and, in its
progress, the mode of conducting the Indian war, the relative merits
and expensiveness of militia and of regular troops, and the danger to
liberty from standing armies, were elaborately discussed. It was not
until the fourth of January that the motion was rejected. While that
question remained undecided, the report of the secretary was
unavoidably postponed, because, on its determination would depend, in
the opinion of many, the necessity of additional taxes. It would seem
not improbable that the opponents of the American system of finances,
who constituted rather a minority of the present congress, but who
indulged sanguine hopes of becoming the majority in the next, were
desirous of referring every question relating to the treasury
department to the succeeding legislature, in which there would be a
more full representation of the people. Whatever might be the
operating motives for delay, neither the extension of the law imposing
a duty on spirits distilled within the United States to the territory
north-west of the river Ohio, nor the plan for redeeming the public
debt, which was earnestly pressed by the administration, could be
carried through the present congress. Those who claimed the favour and
confidence of the people as a just reward for their general attachment
to liberty, and especially for their watchfulness to prevent every
augmentation of debt, were found in opposition to a system for its
diminution, which was urged by men who were incessantly charged with
entertaining designs for its excessive accumulation, in order to
render it the corrupt instrument of executive influence. It might be
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