The highest duties it exacted on foreign imports were fifteen per cent, while the average was only eight and a half per cent.

And yet it had not been long in force when the Government was receiving $200,000 a month, which enabled it to defray all the necessary public charges.

Hamilton, in the words of Daniel Webster, "smote the rock of National resources and copious streams of wealth poured forth.

He touched the dead corpse of public credit and it stood forth erect with life." The United States of all modern countries have been the best fitted by their natural resources to do without artificial stimulation, in spite of which fact they still cling, after one hundred and thirty-five years, to the easy and plausible tariff makeshift.

Washington himself believed that the tariff should so promote industries as to provide for whatever the country needed in time of war.
Two other financial measures are to be credited to Hamilton.