United States or Yemen ? Vote for the TOP Country of the Week !
He proposed, therefore, to lay up the navy and to build a fleet of gunboats, to be hauled up under sheds in time of peace, but if war came, to be manned by a naval militia and to repel the enemy. Between 1806 and 1812 one hundred and seventy-six gunboats were built. They never rendered any considerable service, and took $1,700,000 out of Gallatin's surplus.
To this solution of the difficulty all agreed, though Adams was still torn by doubts and Clay believed that the treaty was bound to be "damned bad" anyway. An anxious week of waiting followed. On the 22d of December came the British reply a grudging acceptance of Gallatin's first proposal to omit all reference to the fisheries and the Mississippi.
State banks, if given an opportunity, could care for the United States money as well as an aristocratic, exclusive institution, seven-tenths of whose stock was held in England. This plea for the individual was the argument by which the opponents of re-charter met the predictions of financial ruin with which the advocates of Gallatin's suggestion filled the air.
He refused to accept Gallatin's resignation, and determined to break once and for all with the faction which had hounded Gallatin from the day of his appointment and which had foisted upon the President an unwelcome Secretary of State. Not Gallatin but Robert Smith should go.
When Bayard had essayed a draft of his own and had failed to win support, it was Gallatin who took up Adams's draft and put it into acceptable form. On the third day, after hours of "sifting, erasing, patching, and amending, until we were all wearied, though none of us satisfied," Gallatin's revision was accepted. From this moment, Gallatin's virtual leadership was unquestioned.
The proposal of the naval committee to appropriate seven and a half million dollars to build a new navy was voted down; Gallatin's urgent appeal for new taxes fell upon deaf ears; and Congress proposed to meet the new military expenditure by the dubious expedient of a loan of eleven million dollars.
Gallatin's recommendation evoked a storm of dissent from those members of the party who adhered to early principles. They would not give a new lease of life to this monopoly, unconstitutional in its origin and abused in its administration.
There is some difficulty in fixing on any completely representative oration to represent the republican point of view covering this period. Gallatin's speech on the Jay Treaty together with Nicholas' argument for the repeal of the sedition law may serve this purpose. The speech of Nicholas shows the instinctive sympathy of the party for the individual rather than for the government.
Gallatin's skillful management of the finances that the old public debt was in process of speedy extinction. Occasional impeachments enlivened the proceedings of Congress, which otherwise were as harmless as they were dull.
Government aid in the shape of subscriptions to stock was contemplated in some cases. Gallatin's report of 1809, recommending the expenditure of twenty million dollars on public works, was reprinted. The Cumberland Road was given over three hundred thousand dollars in a single appropriation. Two and a half million dollars were spent annually on the navy.
Word Of The Day