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Alexander James Dallas:

DALLAS, Alexander James, statesman, born in the Island of
Jamaica, 21 June 1759; died in Trenton, New Jersey, 14 January 1817. He was
the son of a Scottish physician who immigrated to Jamaica about 1750. The
son was educated in Edinburgh and at Westminster under James Elphinston, the
friend of Dr. Johnson, whose acquaintance and that of Dr. Franklin he made
while a student. He then studied law in London, returned to Jamaica in 1780,
and, upon the remarriage of his mother and his exclusion from the
inheritance of his father's estate, removed in April 1783, to Philadelphia.
He took the oath of allegiance to the common-wealth of Pennsylvania in June
1783, was admitted to the bar in July 1785, and a few years later was
admitted to practice in the United States courts, and became eminently
successful as a lawyer in Philadelphia. He wrote for periodicals, and was
for a time editor of the "Columbian Magazine." In January 1791, he was
appointed secretary of the commonwealth of Pennsylvania, and in December
1793, his commission was renewed. While in this office he prepared an
edition of the laws of Pennsylvania, with notes. He also compiled four
volumes of "Reports of Cases ruled and adjudged by the Courts of the United
States and of Pennsylvania, before and since the Revolution " (Philadelphia,
1790-1807).
He accompanied an armed force to Pittsburgh, in the capacity of
paymaster-general, in 1794. It e was again appointed secretary of state in
December 1796, and held the office until Thomas Jefferson became president
in 1801 and appointed him, as an ardent supporter of the Republican Party,
U. S. district attorney for the eastern district of Pennsylvania, which
office he held till 1814, when he was called into the cabinet as secretary
of the treasury by President Madison. When he entered upon this office, 6
October 1814, the government was seriously embarrassed in its finances
through the war with Great Britain, and the committee of ways and means in
congress applied to Mr. Dallas for suggest, ions as to the best mode of
raising money for the requirements of the government, and of sustaining the
public credit. In a masterly report he showed that the money required could
not be raised by taxation alone, but must be obtained in part by loans. He
proposed for the purpose of raising a loan the establishment of a government
bank. The house, in committee of the whole, reported in favor of the bank on
24 October 1814, and a bill was passed on 20 January 1815, but was vetoed by
President Madison. Having been interrogated as to the probable effect of a
large issue of treasury-notes, Secretary Dallas made a reply that had much
influence in restoring public confidence and arousing the spirit of
patriotism. On 3 April 1816, an act to incorporate a national bank was
passed by congress and received the signature of the president. Mr. Dallas's
administration of the treasury department was able and energetic.
Treasury-notes, which were scarcely current when he assumed office, were
sold at par, with interest added, a few months later. The bank had the
effect of greatly improving the credit of the government.
After March 1815, he discharged the duties of secretary of war in addition
to the direction of the treasury department, and superintended the reduction
of the army consequent upon the restoration of peace. Having contributed, to
the extent of his ability, to extricate the government from its financial
difficulties, and having seen the United States bank firmly established, he
retired from office in November 1816, and returned to the practice of law in
Philadelphia, but died a few weeks afterward. Besides the works mentioned
above and his treasury reports, he published "Features of Jay's Treaty"
(Philadelphia, 1795); "Speeches on the Trial of Blount"; "Address to the
Society of Constitutional Republicans" (1805); and " Exposition of the
Causes and Character of the War of 1812-'15." He left unfinished a " History
of Pennsylvania." The third edition of his "Reports of Cases," with notes by
Thomas J. Wharton, appeared in Philadelphia in 1830.
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