nciple to that which had been unsuccessfully proposed in the house
of representatives. By its provisions, twenty-one millions five
hundred thousand dollars of the state debts were assumed in specified
proportions; and it was particularly enacted that no certificate
should be received from a state creditor which could be "ascertained
to have been issued for any purpose other than compensations and
expenditures for services or supplies towards the prosecution of the
late war, and the defence of the United States, or of some part
thereof, during the same."
When the question was taken in the house of representatives on this
amendment, two members representing districts on the Potomac, who, in
all the previous stages of the business, had voted against the
assumption, declared themselves in its favour; and thus the majority
was changed.[45]
[Footnote 45: It has ever been understood that these members
were, on principle, in favour of the assumption as modified
in the amendment made by the senate; but they withheld their
assent from it when originally proposed in the house of
representatives, in the opinion that the increase of the
national debt, added to the necessity of giving to the
departments of the national government a more central
residence. It is understood that a greater number would have
changed had it been necessary.]
Thus was a measure carried, which was supported and opposed with a
degree of zeal and earnestness not often manifested; and which
furnished presages, not to be mistaken, that the spirit with which the
opposite opinions had been maintained, would not yield, contentedly,
to the decision of a bare majority. This measure has constituted one
of the great grounds of accusation against the first administration of
the general government; and it is fair to acknowledge, that though, in
its progress, it derived no aid from the President, whose opinion
remained in his own bosom, it received the full approbation of his
judgment.
A bill, at length, passed both houses, funding the debt upon
principles which lessened considerably the weight of the public
burdens, and was entirely satisfactory to the public creditors. The
proceeds of the sales of the lands lying in the western territory,
and, by a subsequent act of the same session, the surplus product of
the revenue after satisfying the appropriations which were charged
upon it, with the addition of two millions,
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