With the discovery of the sources of revenue, and the establishment of its currents, Mr.Gallatin, in the first eight years of his administration of the Treasury, had nothing to do.

He had only to maintain those systems which Hamilton had devised, and which, wisely adapted to the growth of the country, proved amply adequate to the ordinary expenditures of the government and to the gradual extinguishment of the debt.

The entire revenue included three distinct branches: imposts on importations and tonnage, internal revenue, sales of public lands.

The duties on imports of foreign merchandise were alone sufficient to meet the current expenses of the various departments of administration on a peace establishment, and, increasing with the growth of the country, would prove ample in future.

The gross amount of imports in the four years of Adams's administration, 1796-1800, was about three hundred and fourteen millions of dollars, and the customs yielded about thirty millions.
Mr.Gallatin's first annual report, submitted to the House of Representatives in December, 1801, exhibited his financial scheme.