On all these subjects Mr.Gallatin was in accord with his chief.

Only upon the bank question were they at issue.

Mr.Jefferson detested or feared the aristocracy of money, while Gallatin, with a clearer insight into commercial and financial questions, recognized that in a young country where capital was limited, and specie in still greater disproportion to the increasing demands of trade, a well-ordered, well-managed money institution was an enormous advantage, if not an imperative necessity to the government and the people.
Peace was necessary to the success of this general policy of internal progress, but peace was not to be had for the asking.

It was not till half a century later that the power of the western continent as a food-producing country was fully felt by Europe, and peace with the United States became almost a condition of existence to millions in the old world, while this country became independent, in fact as in name, to the fullest meaning of the word.

Peace was not menaced during Jefferson's first administration, for the Federalists had left no legacy of diplomatic discord to embarrass their successors.