Analysis of the Memorial Presented By the Secretary of the Treasury to the First

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Analysis of the Memorial Presented By the Secretary of the Treasury to the First
Albert Gallatin
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Luis, and Durango in the rank of the most wealthy States. Take from these States the con- sideration they derive from their mines, and in a moment they become the least important of the Federation; for it is well known that the scarcity of water in these districts is not only very un- favourable to the general progress of agriculture, but that it frequently occasions the total ruin of the crops, and the death of the cattle, preventing 71 these States from ever reaching, in this branch at least,... and those that immediately depend upon it, the prosperity attained by other provinces.
Having thus proved that there is no necessity for the measures proposed by the minister, that they are contrary to the real interests of the nation, and opposed to the established system of Government, it follows that they ought not to be acceded to. * The object of this Analysis being accomplished, the Committee will just glance at the political tenor of the Memorial that has been presented. In the first place, it is essential to remark, that although every branch of finance has been sepa- rately and circumstantially discussed, and the necessary contributions suggested, for meeting the supposed deficit, no proper notice has been taken of the Public Debt.


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