For this deficiency, and the sum required for the sinking fund, Gallatin was authorized in May to borrow from the Bank of the United States $3,750,000 at six per cent., reimbursable on December 31, 1811.

Of this sum only $2,750,000 was taken, the expenses having proved less than Mr.
Gallatin had anticipated.
Madison called Congress together on November 1, 1811.

The political tension was strong, and he was anxious to throw the responsibility of peace or war upon Congress.

On November 22, 1811, Mr.Gallatin made his report on the finances and the public debt.

It was, as usual, explicit and in no manner despondent.