From James Madison
Philada. Jany. 26. 95.
I have received your favor of Decr. 28. but [not]1 till three weeks after the date of it. It was my purpose to have answered it particularly, but I have been robbed of the time reserved for the purpose. I must of consequence limit myself to a few lines and to my promise given to the Fresco Painter to forward you the enclosed letter. Nothing since my last from Jay or Monroe. The Newspapers as usual teem with French victories and rumors of peace. There seem to be very probable indications of a progress made to this event, except in relation to G.B. with whom a Duet Campaign is the cry of France. The Naturalization has not yet got back from the Senate. I understand however it will suffer no material change. They have the prudence not to touch the Nobility clause. The House of Reps. are on the Military establishment and the public debt. The difficulty and difference of opinion as to the former, produced a motion to request the P. to cause an estimate of the proper defence &c. It was in its real meaning, saying we do not know how many troops ought to be provided by our legislative duty, and ask your direction. It was opposed as opening the way for dragging in the weight of the Ex. for one scale, on all party questions—as extorting his opinion where he should reserve for his negative, and as exposing his unpopular2 opinions to be extorted at any time by an unfriendly majority. The prerogative men chose to take the subject by the wrong handle, and being joined by the weak men, the resolution passed. I fancied3 the Cabinet are embarrassed on the subject. On the subject of the Debt, the Treasury faction is spouting on the policy of paying it off as a great evil; and laying hold of two or three little excises passed last session under the pretext of war, are claiming more merit for their zeal than4 they allow to the opponents of these puny resources. Hamilton has made a long Valedictory Report on the subject. It is not yet printed, and I have not read it. It is said to contain a number of improper things. He got it in, by informing the Speaker, he had one ready, predicated on the actual revenues, for the House whenever they should please to receive [it].5 Budinot the ready agent for all sycophantic jobbs, had a motion cut and dry just at the moment of the adjournment, for informing him in the language applied to the P. on such occasions, that the House was ready to receive the Report when he pleased, which passed without opposition and almost without notice. H. gives out that he is going to N.Y. and does not mean to return into public life at all. N. Jersey has changed all her members except Dayton whose zeal against G.B. saved him. There are not more than 2 or 3 who are really on all points Repubns. Dexter is under another sweat in his district, and it is said to be perfectly uncertain whether he or his Repub: competitor will succeed. Adieu Yrs.
Js. M. Jr
RC (DLC: Madison Papers); endorsed by TJ as received 11 Feb. 1795 and so recorded in SJL. Enclosure: Ignatius Shnydore to TJ, 20 Jan. 1795 (recorded in SJL as received from Philadelphia on 11 Feb. 1795, but not found).
Valedictory report: Alexander Hamilton’s Report on a Plan for the Further Support of Public Credit, 16 Jan. 1795, proposed a variety of measures for the systematic reduction of the national debt (Syrett, Hamilton description begins Harold C. Syrett and others, eds., The Papers of Alexander Hamilton, New York, 1961–87, 27 vols. description ends , xviii, 56–148).
1. Word supplied.
2. Word interlined in place of what appears to be “obnoxious.”
3. Word later reworked to “fancy” by an unidentified hand.
4. MS: “that.”
5. Word supplied.