The public was not admitted to the galleries of Congress in those days, but a great crowd packed Wall and Broad streets while the Report was reading and until some hint of its contents filtered through the guarded doors.  Hamilton himself was at home with his family, enjoying a day of rest.  It is one of the most curious incidents in his career, as well as one of the highest tributes to his power over men, that Congress, after mature deliberation, decided that it would be safer to receive his Report in writing than in the form of a personal address from a man who played so dangerously upon the nerve-board of the human nature.  There hardly could be any hidden witchery in a long paper dealing with so unemotional a subject as finance; but no man could foresee what might be the effect of the Secretary’s voice and enthusiasm,—­which was perilously communicable,—­his inevitable bursts of spontaneous eloquence.  But Hamilton had a pen which served him well, when he was forced to substitute it for the charm of his personality.  It was so pointed, simple, and powerful, it classified with such clarity, it expressed his convictions so unmistakably, and conveyed his subtle appeals to human passions so obediently, that it rarely failed to quiver like an arrow in the brain to which it was directed.  And this particular report was vitalized by the author’s overwhelming sense of the great crisis with which he was dealing.  Reading it to-day, a hundred and eleven years after it was written, and close to the top of a twelve-story building, which is a symbol of the industry and progress for which he more than any man who has ever dedicated his talents to the United States is responsible, it is so fresh and convincing, so earnest, so insistent, so courteously peremptory, that the great century which lies between us and that empire-making paper lapses from the memory, and one is in that anxious time, in the very study of the yet more anxious statesman; who, on a tropical island that most of his countrymen never will see, came into being with the seed of an unimagined nation in his brain.

To condense Hamilton is much like attempting to increase the density of a stone, or to reduce the alphabet to a tabloid.  I therefore shall make no effort to add another failure to the several abstracts of this Report.  The heads of his propositions are sufficient.  The Report is accessible to all who find the subject interesting.  The main points were these:  The exploding of the discrimination fallacy; the assumption of the State debts by the Government; the funding of the entire amount of the public debt, foreign, domestic, and State; three new loans, one to the entire amount of the debt, another of $10,000,000, a third of $12,000,000; the prompt payment of the arrears and current interest of the foreign loan on the original terms of the contract; the segregating of the post-office revenue, amounting to about a million dollars, for a sinking fund, that the creation of a debt should always be accompanied