ton's regulations as to pensions-Revenue cutters-Washington's re-
quest to Hamilton to prepare speech-Hamilton's reply.

CHAPTER LXIII.

159

Speech of President-Addresses of Congress-Debate on militia system—
Bill in House for sale of Public Lands-Act to fill vacancies of Presi-
dent and Vice-President-Hamilton's Report on Internal revenue-
Estimates for public service-Debates on internal duties-Hamilton
as to trade with East Indies-Act as to collection of duties on teas
and wines, and warehouse system-Hamilton's report on a National
Bank-His Act of Incorporation.

CHAPTER LXIV.

Amendments proposed in Senate-Negotiations in House of Representa-

tives-Giles, Jackson, Madison opposes Bank bill-Ames, Boudinot,

Gerry, Lawrence, Smith, support it-Bill submitted to President-

Cabinet opinions of Jefferson and Randolph adverse to it-Madison

draws veto-Hamilton's opinion on constitutionality of Bank-Ap-

proval of President-Argument on expediency of a National Bank—

Beneficial effects of the Bank-Second National Bank-Madison's

veto in favor of power to suspend specie payments-Madison approves

a National Bank.

200

229

CHAPTER LXV.

Hamilton prepares communication as to Franklin-Condition of the me-

tallic currency-Hamilton's views-His Report on a Mint-Jefferson's

views-Jefferson's Report on Weights and Measures-His letter to

Hamilton-Propositions as to Judiciary department-Hamilton or-

ganizes system for collection of internal revenues-His letter as to

branch banks-Deprecates increase of State banks-Success of his

Fiscal system-High state of public credit-Stock speculations-Ad-

vice to Duer-Hamilton's efforts to check speculations, and success-

Plan to relieve the money market and restore credit-His letter to

Short.

266

CHAPTER LXVI.

Motives to a system of protection for domestic industry-Hamilton estab-
lishes a manufacturing society-His Report on manufactures-Urges
inland navigation system-Hamilton visits New York-Public and

private honors tendered to him-Washington's letters as to public

prosperity-Hamilton as to imperfect means of protecting the public

peace-Jefferson and Hamilton as to British encroachments-Letter

for Washington to Clinton-Washington requests Hamilton to pre-

pare his speech.

297

CHAPTER LXVII.

President's speech-Addresses of Congress-Census-Debate on appor-

tionment of Representatives-Bill defeated-New bill passed-Jeffer-

son and Randolph advise interposition of veto-Hamilton dissuades it

-Bill disapproved-Debate on New bill-It passes-Comments on

veto power-Debate on Post Office bill-Bill to regulate elections of

President and Vice-President, and providing for vacancies-Debate

on estimate for public service.

CHAPTER LXVIII.

Memorial of Massachusetts as to Fisheries-Report of Jefferson on Fish-

eries-Act for their encouragement-Cabot's views-Opposition to

protection-Giles, Madison oppose-Ames, Gerry, Goodhue, Lawrence

support-Madison objects to constitutionality of a bounty-Bill

passed-Discussion of power of Congress-Jefferson and Madison

assail Hamilton-His opinions reviewed.

CHAPTER LXIX.

Hamilton's Report on Domestic loans-Urges assumption of residue of

State debts-Plan of a Sinking fund-Debate-Mercer opposes right

to bind future generations--Jefferson's opinions-Madison's substitute

-Debate on Assumption-Substitute rejected-Defeat of Harmar-

Defeat of St. Clair-Report of Secretary of War-Proposed increase

of Army-Debate-Intrigue of Jefferson-Reference to Hamilton op-

posed-Hamilton's Report of supplies by further taxation-Supply

bill passed-Proposed discrimination favoring nations in treaty de-

feated.

322

348

371

CHAPTER LXX.

Act to establish a Mint-National coinage-Device-Hamilton as to
modification of Excise law-Modifications adopted-Bill organizing
militia-Debate-Bill to provide for calling out militia-Inquiry as to
defeat of St. Clair-Policy of the opposition-Clamor against Indian

War-Instruction proposed by Madison-Report of Committee of In-

quiry St. Clair exculpated..

399

CHAPTER LXXI.

Rise, state and views of political parties in the United States- Madison's

and Hamilton's views compared-Executive powers-Legislative

powers-Construction of Constitution - Madison's inconsistency-

Madison as to discrimination of pay between Senate and House-

Madison in favor of a title for the President-Hamilton's progressive

views-His advocacy of a free representation-Hamilton against Slav-

ery-Hamilton for emancipation of slaves.

€ 417

CHAPTER LXXII.

Jefferson in favor of a privileged order-As to springing jurisdiction of

Congress Its power over States by force-Hamilton's opposite view-

Jefferson's approval of British Constitution-His fear of legislative

power-Favors a longer Presidential term-Jefferson as to Fiscal

power-Opposes discrimination among creditors-Favors Assumption

of State debts-Approves Hamilton's fiscal system-Utterly condemns

it-His calumny on Hamilton-Jefferson as to Slavery-Favors its

gradual abolition-Would exclude it from the West by an unconsti-

tutional act-Advocates extension of Slavery over the American con-

tinent-Favors education of youthful hostility to it-Deprecates such

hostility-Washington as to Slavery-Favors emancipation-Emanci-

pates and provides for his slaves by last testament-False issue raised

as to objects of parties-Monarchy-Jefferson derides its introduction

as impossible-The charge of monarchical designs disproved-Journal

of Convention tampered with.

CHAPTER LXXIII..

Madison's position in Virginia—Her course as to amendments of the Con-
stitution-Her dissatisfaction with Washington's proclamation-Her
address to Jefferson-His statements as to the Annapolis Con-
vention-Favors, and opposes, and approves the Federal Constitu-
tion-Madison as to seat of Government-Cabals-Jefferson as to
seat of Government--Hamilton opposed to the Cabal-Virginia de-
nounces the Fiscal system-Lincoln to Hamilton-Hamilton to Jay
as to dangers of State denunciations-Hostility to Internal revenue-

442

Findley and Gallatin-Opposition to National Bank--Attempts to

limit the charter-Motive of these attempts-Jefferson's approval of

Fiscal policy-Condemns the incorporation of a bank as unconstitu-

tional-Approves a branch bank-Condemns Act punishing frauds on

the bank Approves an Act to punish capitally such frauds-In favor

of renewal of charter-In favor of exclusive power in Congress to es-

tablish a National Bank-Madison and Monroe approve a bank-

Constitutionality sanctioned by Supreme Court of United States→→

Comment of Horace Binney.
. 467

CHAPTER LXXIV.

Changed relations between Hamilton and Jefferson-Jefferson's attack

on Vice-President-His letters to Washington and Adams-His ap-

proval of Adams' book--His condemnation of it—Fis statements as

to Adams and Hamilton disproved-Condition of the United States-

Jealousy of General Government-Covert hostility to Washington, and .

misrepresentation--National Gazette-its establishment by Jefferson

and Madison-Efforts to concert opposition-Jefferson and Madison's

visit to New York, Vermont and Connecticut-Intrigue with Clin-

ton-R. R. Livingston joins opposition-Intrigue with Burr-Wash-

ington's and Hamilton's distrust of Burr-Burr elected to Senate of

United States-Washington favors Excise Act-Opposition in Penn-

sylvania-Findley and Gallatin its leaders-Attacks on Excise offi-

cers-Outrages committed-Jefferson seeks the appointment of Tench

Coxe as Comptroller-Hamilton to Washington as to policy in ap-

pointments-Wolcott appointed-Jefferson and Randolph urge ap-

pointment of Paine as Postmaster-General-Pickering appointed.

491

CHAPTER LXXV.

Apportionment bill-Fisheries-Intrigue of Jefferson-Jefferson seeks

control of Post Office departinent, and of Mint-Hamilton to Carring-

ton-Course of Madison as to fiscal policy-A faction organized-

Jefferson's opposition-Establishes National Gazette-Madison's char-

acter-His intrigues-His attempt to deceive Washington-Subversive

views as to Funding system-Foreign policy of Jefferson and Madison

-Hamilton's views-Mint-Bank-Jefferson's aims as to Presidency

-Succession in case of vacancy-Hamilton as to the General and

State Governments--His attachment to Republicanism-Its true dan-

gers

516

CHAPTER LXXVI.

American people-Their democratic spirit-Revolutions of Holland, Eng-
land and France-Condition of American people compared with those
of France-Burke and Hamilton-Hamilton to Lafayette-His views
of French Revolution-Debt to France-Averse to privileged classes-
Foreign policy of Jefferson and of Hamilton-Reports of Jefferson as
to commerce with France-Her system-His censure and public policy
-Report on the Fisheries-Advice to and annunciation by Washing-
ton to Congress of feelings of England-Difficulties of Hamilton's
situation-Virginia's hostility to England-Madison's hostility to Eng-
land-Instructions of Privy Council-Hawkesbury's Report-Pitt an-
nounces friendly dispositions of England and purpose to exchange
Ministers-Hammond accredited-Ternant replaces De Moustier,

.541