Page:Congressional Government.djvu/205

 to the suggestions of one body, and taxing in obedience to the suggestions of another entirely distinct, would very quickly bring us into distress; it would unquestionably break down under any attenpt to treat revenue and expenditure as mutually adjustable parts of a single, uniform, self-consistent system. They can be so treated only when they are under the management of a single body; only when all financial arrangements are based upon schemes prepared by a few men of trained minds and accordant principles, who can act with easy agreement and with perfect confidence in each other. When taxation is regarded only as a source of revenue and the chief object of financial management is the graduation of outlays by income, the credit and debit sides of the account must come under a single eye to be properly balanced; or, at the least, those officers who raise the money must see and be guided by the books of those who spend it.

It cannot, therefore, be reasonably regarded as matter of surprise that our financial policy has been without consistency or coherency, without progressive continuity. The only evidences of design to be discovered in it appear in those few elementary features which were impressed upon it in the first days of the government, when Congress depended upon such men as Hamilton and Gallatin for guidance in putting the