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Amendments to the Constitution, [8 June] 1789 — reading text
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whether we fhali place this all important department, in the
liands of a Tingle individual, or in a board of co^nniflioners.
I prefume the gentleman, who has brought forvard this
firing of propolitions, means, that this oJliter fiiail have pow-
er to examine into the itate of the public debt and expeij.
ces, to receive and diiburl'e therevenue, to de\'ile plans lor
Its improvement and expanhon, and in ihort, to fupermtend
and direct the receipts and expenditure, and govern the fi-
nances of the United States; having under hnn officers to
do the fubordinace bufmefs of, regillering and rccordi;>g
his tranfacVions, and a comptroller 10 conrroul his opera-
tions with reipecl to the accounts and .vouchers.
Before this committee proceed one (Icp farther in this
bulineis, they ought ferioully to confider the iifjation of
this country, and what will be the conlequence of appoint-
ing luch an officer confider how ic wui affect the j:ubl:c
;
in general, the revenue, and even the government iiieif.
tie is declared, in the lift of duties afligned him in the
DEBATES
paper read yf^fterJay by the gentleman from New-York
A. 1789..
(Mr. Benibn) to have the power to form and digelt the
acconnts, and 16 controul all the officers of the department.
It is evident, that we put his integrity to the trial, by fuclx
an arrangement if he is diCpofed to cmbezzel the public
;
money, it will be oat of the power of the executive itfelf,
to check or controul him in his nefarious practices the ex-
;
tention of his hiilinefs to the cblledors of at leait hftv
fea ports, (over whom, the naval officer can have no con-
troul, with refpecl to the money received) will furnilii
abundant opportunities for peculation. In addition to the
monies arifing from the impofl:, he may have to do with
iaro-e fums, derived from other quarters Irom the fale of
;
the vacant lands; the money of defaulters now due to the
United States, and the revenue ariung from taxes and ex-
ciles. Ad'uit thel'e innumerable opportunities for defraud.
lug the revejiue, without check or controid. and it is next
to imjjoilible he ihould remain unl'nilied in his reputation,
or innoxious with reipedl to mifapplying his truft.
Other great opportunities may arife in cafe of an
anticipation of the public revenue, or, if it is necelFary to
prevent the injury which a rapid depreciation of the fecu-
fities occahon to public credit, he n)ay be employed in pur-
chafing them, in order to advance the credit of the union ;
but what is to prevent the greatelr impofition in this bufi-
nefs? charninrr them to the public at their nominal valuej
it is not in the power of the government to check this fjje-
cies of Ipeculation.' what then is the fituation of your offi-
cer? he muit fuojecl himfelf to fufpicion indeed it is
:
as much as his reputation is worth to come into a place of
this kind he can hardly preferve his integrity, 6ut his ho-
;
nor, credit and charaiter, mull inevitably be mjured. He
cannot prove himfelf innocent of the fufpicion, becaufe it is
•the negative hde of the quellion, he can offer nothing
more in his defence than a mere denial of the crime.
There is another point which ought to be well confider-
ed : This officer is to digell and form the accounts, he can
conlequentlv give the bufinefs fuch complexity, as to ren-
der it impoihbie to tletevl: his impofitior.s ; but the inferior
officers, who might difcover the fraud, are to be appointed
by the principal, will they not couie(]uent!y be n:en after
Jlis own heart.
T^iking thcle circumfiances together, it mud: be very
diracrreeable to the perfon appointed, provided he is an
i^hoiiell: uprij^ht rmn; it will bedilagrecable alfo to the people
A. 1789. Of C O N G R E S S. 365)
of the union, who will always have reafon to rufpejSl:, that
a partiality is ihewn to the colleftors, and ether ofiicers,
of the ftate to which he belonged : This has abfolutely beea
the cale, and was produftive of very great diilatisfadiion. I
would be glad to know ol' the gentlemen, who are for vefl-
ing thefe )owers in a lingle perfon, where they will find
the man who is capable of performing tiie duties of a finan-
cier ? for it is not the mere calling him a financier, and
giving a large I'alary, that will enable him to perform his
fundions in inch a manner as to give fatisfaftion. V/e had
once a gentleman who lilled fuch.a department, and 1 be-
lieve the only one in the United States who had knowledge
and abilities by any means competent to the bulinels, buc
that gentleman is now employed in another branch of the
government, and cannot be called to this tru(l. Durino-
the late war congreis thinking it ueccfTary to employ a
tinancier, were led 10 enquire for a proper character to fill
fuch an office ; but not being able to difcover Inch an one
in this country, in whole abilities they had fuificient confi-
dence, they wrote to Do<^or Price a letter, to induce him
to come to America, and accept of an appointment under*
them, for the fuperintendance of their finances. He wrote
in anJwer, that he felt with gratitude the honor which
they had done him by their application, and fignilicd, thac
he wasdefirous of rendering every iervice in his power to
aid the <>lorious caufe in which America was embarked 5
but, from his advanced fituation in life, and infirmities of
body, vv'asunder the necelhcy of declining. This circum-
Itance i'erves to Ihew how difficult it is to get a proper
perfon for fo arduous an undertaking. But it appears to
me, that if we could t\:<. upon a perfon ecpal to the office, in-
volving him in forming accounts, and iuch trifiinp^ bu'Inef^,
would divert his attention from the more important duties
he is called upon to perform. The proper bulinefs of
finance, I take it, ought to be to conlider of the means to
improve the revenue, and introducing ceconomy into the
expenditures; to recon)mend general fyllems of finariCe,
without having any thing to do with the actual adminUtra-
tion oi' them, becauie, if he engages in the executive buli-
nefs, we ihall be deprived of his talents m more iinponant.
concerns. If it ihould be granted, that there is a perfon
of abilities to be found, adequate to the duticb of the office,
I want to knov/ where the advantage aril-^is of appointing
him alone in preference of n board > If j'OU have comuiif-
iioners, you have an opportunity of taking one from eadi
A aa
370 DEBATES A. 1789,
grand divilloii cf the United States, namely, the eaftern,
the middle, mid fouthern diftrifts : If this perfons is a
nieinbcr of the board, is it not evident you will have every
advanrage from his abilities in fuch a fitiiation, as you
would if he was placed in office v.ithout cotitroui? If he
Wcis polTeiTed of fiich genus, he could employ ir more ufe-
fuliy as a conimiilioiier of the board of trea("ury,'than when
Itf^ to perform all the druggery of the executive part
;
becaufe while his hne imagination was bufied ;n reducing
a chaos to a beautiful fylteni, his colleagues iniaht perform
tnoie parts which required lefs elevation of thought, by
dividing the burthen, the bufmefs would be done with
more regularity and facility. Surely no advantage to the
public would ari'e from giving hiin the fole nvanagenjent
ol the buliuels, but much inconvenience might bolide it
;
molt unavo d.ibly, as 1 f.jid before, fubjcct him to ful'picions
U!lla^cl•able to his reputation, 'i his nas abfolutely been
real.'zcd, it is not a inere chimera, a matter of fpeculation.
We hvivehadaboard of treafury, ai.d we have had a finan-
cier ;iiave not exprefs charges, as well as vague rumours,
been hi-ought ag.iiiiii: him at the bar of the pubiic, they may
be ujitounJcd it is true, but it ihev\s' that a man cannot
. Icrve in fuch a Nation without exciting popular clamour.
It is very well known, 1 dare fay, to many gei.tleinen in
this hijuie, that the noiie aiid commotion \\as luch as obli.
gee! coogrels once more to alter their treafury department^
and [vlace it under the management of a board oi commif-
lioners. We have leen fpeculations excited from this
qnarrer agaiiul the government itfelf, and painful infinua-
tions of delign by his appointment to the fenate. I mention
tiiele circu'.nirances to exhibit to your view the inconve-
niencies to which an officer is fubjecled by conitituting an
oifice of this nature. If the gentleman I have alluded to
had [)efn a member of a board of treafm-y, he would not
have been fubjeded to the charges which were brought
againfi hiin. In fuch a iiruatibn he could have rendered
the fervices his great abhlities enabled him to do, wiHiout
expoiimg hrs chdracler to be tore to pieces by malevolence
or detraction.
We are to Yis-y forne attention to t'le prejudices and
wiHiiesofour conltituents, efpecially when their fentiments
have been firongly declared tor or agaiiiit this or that mode
of ajminiitration. We find fuch an officer unprecedented
in the leveral ftaces ; and 1 believe it would not be agree-
able to have a iingle officer, and his aiiiitauts, cotleiiling
;
A. 1789. Of congress. 371
the money, or controuling the revenue arifing mthofe frates
yet you ina'.e ic one of his powers, that money fliall noi be
drawn without a warrant from the financier. Here is no
perfon of this kind mentionetl in the conftirution, not even
the prefident, nor veicprclident and i'enate, have a cor.iroul
over the trcaCury ; yet we put all this power inro the
hands of one great man, who is to be the head of the de-
partment. It appears to me, that, by fo doing, we iliail,
edabliih an office giving one perfon a greater influence tiu.n
the pre(idei;t of the United States has, and more than is
proper for any perfon to have in a republican govern-
ment.
Pf rhaps it may be objecled that we fnould ftudy ceco-
nomy if we employ three perfons to condu6l this bufuiefs,
;
we liial! have to pay tijem more than would be required
for a falary for an individual. But this I take to be a very
lii*ht com. deration, compared with fecurinsr the i)ub}ic
treafury. A lingle officer to have the command of three
or fcjur millions of money, poflefl'es a posNer very u;;fcite in
a republic ; but, I apprehend, we may employ three com-
niiHioners for the fame fum as we fliall be obliged to pay
for one financier — if we have great officers we mufl allow
large falaries.
I; am delirous of fupporting the prefident ; but the fe-
r.atc requires to be fupported alfo in their conilitutional
rights: i'o this body belongs the confidence of the Itates,
while the prefident reils his Itipport upon them he will b<5
fecure ; they, with this houfe, can give him proper infor-
mation of what is for the public interefl, and by purfuing.
their advice he will continue to himfelf that good opinion
which is juftly entertained of him. If we are to ebablifh
a number of fuch grand officers as thefe, the confequences
appear to me pretty plain : Thefe officers bearing the title
of ininiller at war, minifter of Tiate, minilier loi' the finan-
ces,
