Thomas Jefferson Papers
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To Thomas Jefferson from Albert Gallatin, 3 May 1804

From Albert Gallatin

Washington 3d May 1804

Dear Sir

Finding your return somewhat retarded, my anxiety to take Mrs. Gallatin to her father & to place my children at school induces me to go now, as I presume I could not have left this city for some weeks after your return. I expect to be absent three weeks from this day, and hope I shall not be wanted during that time. Finding the business of the supervisor of Massachusets brought to a close, I have anticipated your decision & written to him that his office was suppressed. I was prevented from doing the same in Tenessee & Virginia only on account of the provisions enacted last session respecting the redemption of lands sold for non-payment of taxes. The necessary arrangements have been made to carry into effect the land & revenue laws of last session with two exceptions, vizt. the appointment of a register at Detroit & of an agent at Natchez. For the first office there are two characters at Detroit—Bates & Lewis Bond. The first is preferable, so far as I can judge; but may be wanted for Receiver. For the other office Mr Poindexter attorney general of the territory is recommended by Mr Briggs & by Mr Williams. The remittances for the Dutch debt are paid for & made so as to meet all demands there till 1 June 1805 & the istalmt. of Septer. 1805 will be anticipated & paid this year. In every arrangement not connected with this department which may be adopted, I have but one observation which is to request that the treasury may not be pressed this year beyond our former calculations. The Norfolk act will cause some defalcation this year. I allow 300,000 dollars to the Secretary of the Navy for the equipment of the four additional frigates; he wants four hundred thd.; but that is too much as he pays them only four months pay & about 8 months provisions. Those together make a considerable sum beyond the estimates of last year; and although the revenue exceeds our calculations, the exportations & debentures this winter & spring are very large. But it is not only on account of the Treasury that I wish an abstainance of expences; it is on account of the prodigious drain of specie principally dollars which has taken place and continues. There are not at present one hundred thousand dollars in dollars in Philadelphia, New York & Boston, put together. More than three millions of dollars have been exported within six months from the vaults of the Bank of the United States alone; and our 2d instalment to Great Britain will in July take nearly nine hundred thousand dollars more. The principal cause of the drain is that no specie has been last year or is now imported either from the British & Spanish american colonies. Under those circumstances, it is highly desirable to leave as large deposits with the Bank as the public service will permit. If we press them hard, they must curtail their discounts suddenly to an extent equally injurious to commerce and to our revenue.

With sincere attachment & respect Your obedt. Servt.

Albert Gallatin

RC (DLC); at foot of text: “Thomas Jefferson President of the United States”; endorsed by TJ as received from the Treasury Department on 7 May and “Supervisor Mass. Virga. & Tennissee” and so recorded in SJL; also endorsed: “register Detroit agent Natchez. Bates. Poindexter. Dutch debt. State of finances.”

On this day, Gallatin wrote to Jonathan Jackson, the internal revenue supervisor for Massachusetts, and informed him that his office was “discontinued by direction of the President.” By an “Act further to amend the act intituled ‘An act to lay and collect a direct tax within the United States,’” tax collectors had three months to deliver to revenue supervisors any transcripts of lists of land tracts sold for nonpayment of taxes prior to the passing of the act (Gallatin, Papers description begins Carl E. Prince and Helene E. Fineman, eds., The Papers of Albert Gallatin, microfilm edition in 46 reels, Philadelphia, 1969, and Supplement, Barbara B. Oberg, ed., reels 47-51, Wilmington, Del., 1985 description ends , 47:1188; U.S. Statutes at Large description begins Richard Peters, ed., The Public Statutes at Large of the United States … 1789 to March 3, 1845, Boston, 1855-56, 8 vols. description ends , 2:262).

former calculations: Vol. 41:497-500.

For the norfolk act, which suspended for one year bond payments from residents of Norfolk and Portsmouth, Virginia, see TJ to Thomas Newton, 5 Mch.

The second installment to great britain was for the settlement of prewar debt claims (Vol. 33:277n).

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