CHAPTER III
THE MASTER BUILDER
The subject of national finance had long interested Hamilton. His ideas
had been matured by a diligent and minute study of English precedents, and
now that his opportunity had come he was ready to grasp it. Soon after he
took office, the House resolved that "an adequate provision for the
support of the public credit" should be made, and it directed the
Secretary of the Treasury "to prepare a plan for that purpose and to
report the same to the House at its next meeting." This was, in effect, a
postponement until the second session of the First Congress, which began
in January, 1790. In his opening address to Congress, Washington pointedly
referred to the public credit resolution which he had noted "with peculiar
pleasure." On the next day a letter from Hamilton was read in the House
stating that he had prepared his plan and was ready to report the same to
the House when they should be pleased to receive it.
This announcement brought up anew the question in what manner the
Secretary should make his report. Gerry was on his feet at once with a
motion that it should be made in writing. Boudinot "hoped that the
Secretary of the Treasury might be permitted to make his report in person
in order to answer such inquiries as the members might be disposed to
make, for it was a justifiable surmise that gentlemen would not be able
clearly to comprehend so intricate a subject without oral illustration.
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