On that issue, to quote a phrase used on another occasion, "they were all Federalists and all Republicans." Mr.Hamilton's celebrated report on Manufactures, submitted in answer to a request from the House of Representatives of December, 1790, sustained and elaborated the views on which Congress had already acted, and brought the whole influence of the Executive Department to the support of a Protective Tariff.

Up to that period no minister of finance among the oldest and most advanced countries of Europe had so ably discussed the principles on which national prosperity was based.

The report has long been familiar to students of political economy, and has had, like all Mr.Hamilton's work, a remarkable value and a singular application in the developments of subsequent years.
MR.

HAMILTON'S PROTECTION VIEWS.
Mr.Hamilton sustained the plan of encouraging home manufactures by protective duties, even to the point in some instances of making those "duties equivalent to prohibition." He did not contemplate a prohibitive duty as the means of encouraging a manufacture not already domesticated, but declared it "only fit to be employed when a manufacture has made such a progress, and is in so many hands, as to insure a due competition and an adequate supply on reasonable terms." This argument did not seem to follow the beaten path which leads to the protection of "infant manufactures," but rather aimed to secure the home market for the strong and well-developed enterprises.

Mr.Hamilton did not turn back from the consequences which his argument involved.