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Subject Area: Economics
Subject Area: Political Theory

GALLATIN TO MADISON. - Albert Gallatin, The Writings of Albert Gallatin, vol. 1 [1879]

Edition used:

The Writings of Albert Gallatin, ed. Henry Adams (Philadelphia: J.B. Lippincott, 1879). 3 vols.

Part of: The Writings of Albert Gallatin, 3 vols.

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GALLATIN TO MADISON.

30th November, 1810.

Dear Sir,—

I enclose the substance of a financial paragraph, also a statement of the receipts and expenditures of the year ending 30th September last, and an estimate of those of this quarter. These will supply you with all the facts on which the paragraph is founded.

In the paragraph for military schools I would place in the most conspicuous point of view (when speaking of revision of existing law) the necessity of placing them on a respectable footing. It is now worse than none. I believe that no teacher but a drawing-master is allowed out of the corps, and I know that Hassler as Professor of Mathematics was discharged as not authorized by law.

Respectfully, your obedient servant.

GALLATIN TO MADISON.

5th January, 1811.

Dear Sir,—

At request of Mr. Astor, I beg to be informed whether his son-in-law, Mr. Bentson, can be permitted to have a passage on board the public vessel which is to take Mr. Erving to Europe. I told Mr. B. that I would try to ascertain the fact before Monday. I have thrown some notes on the back of Mr. Astor’s letter; be pleased to return his English passport.

Mr. Astor sent me a verbal message that in case of non-renewal of the charter of the Bank United States all his funds and those of his friends, to the amount of two millions of dollars, would be at the command of government, either in importing specie, circulating any government paper, or in any other way best calculated to prevent any injury arising from the dissolution of the bank. Mr. Bentson told me that in this instance profit was not his object, and that he would go great lengths, partly from pride, and partly from wish to see the bank down. As there will be no time to be lost, I think that I had better open a correspondence with him on the subject.

My cold has prevented my calling on you on both subjects.

Respectfully, your obedient servant.