;
applies surplus as far as possible to Louisiana purchase, 222;
political effect of his success during Jefferson's first term, 223;
in 1805 raises estimate of permanent revenue, 223;
impresses economy upon other departments, 223;
prepares scheme of internal improvements, 224;
after Chesapeake affair recommends borrowing, 224;
and doubling duties in case of war, 225;
receipts during his second term, 226;
his warning of diminished resources in future ignored by Jefferson,
226;
estimates for 1809, 228;
points out necessity of submitting to war or loss of foreign trade,
228, 229;
promises not to use internal taxes, 229;
reports diminished income and deficiency in 1809, 230;
declares for a strict enforcement or abandonment of embargo, 230;
disgusted at refusal of Congress to recharter United States Bank, 231;
tenders resignation to Madison, 231;
obliged to remain for lack of possible successor, 231;
continues to advocate increased customs, 232;
points out that, had his recommendations been followed in 1809, there
would have been a large surplus, 232, 233;
forces Congress to choose between a bank or internal taxes, 233, 234;
himself proposes internal taxes, 234;
his last report predicts deficiency and asks a loan, 235;
his recommendations of internal taxes disregarded, 235;
his previous use of Hamilton's internal taxes, 235;
his suggestions followed in 1813, 236;
connection with sale of public lands, 238;
unable fully to utilize this resource, 239;
earliest public advocate of free trade, 240;
later in career becomes leader of cause, 241;
his part in convention of 1831, 241;
draws memorial to Congress, 242;
his views followed in tariff of 1846, 242;
opposed to protection, 242;
violently attacked by Clay, who apologizes, 242;
introduces reforms in annual report, 245;
tries to induce Congress and departments to adopt scheme of minute
appropriations, 245, 246;
carries system into his own household, 246;
effects of his methods, 247;
on Jefferson's dislike of banks, 251;
his report of 1809 on Hamilton's bank, 252, 253;
suggests its renewal, with modifications, 253, 254;
his testimony as to its value, 255, 256;
estimate as to state banks in 1811, 258;
describes hostility of Astor to bank, 259;
left, by failure to renew bank charter, at mercy of capitalists, 260;
his opinion that absence of bank caused suspension of s