Washington: A. & G. Way, Printers, 1814.
1 vols. 8vo. Disbound, some browning and chipping, ex-library with markings and stamps, some short tears, not affecting text. Item #54838
An important record of the war economics. Days after becoming the Secretary of the Treasury, Dallas was requested by the Committee of Ways and Means (letter from John W. Eppes) for suggestions on ways to sustain public credit and reduce the war debt and therefore the government embarrassment over it. Dallas' response was well received, he showed that the monies needed could not all be raised from taxes as previously planned, how there was a need for loans and treasury notes and he recommended the incorporation of a national bank. The President vetoed his plan, though the act to incorporate a national bank was passed in 1816 and the bank did a great deal towards helping re-establish the government credit. This pamphlet contains the text of Eppes' letter and Dallas' response with all his points and recommendations laid out. Document 10.