The secretary had securely laid the foundations of his policy.

Time and sheer necessity would compel the completion of his work in essential accord with his original design.

The President's message at the opening of the winter session added greatly to the prestige of Hamilton's policy by calling attention to the great prosperity of the country and the remarkable rise in public credit.

The excise law, modified to apply to distilled spirits, passed the House in January.

The principle of a direct tax was admitted.