The following year Hamilton gave another proof of his power by carrying through Congress, in the face of the strongest opposition, a measure for the relief of the financial straits of the government. The only banks in the country were one each in Philadelphia, New York, and Boston, all of which were State institutions. He advocated the establishment of a bank in which the government should be one-fifth owner of the capital stock of $10,000,000 and a preferred borrower to the same amount. It was to be under private manageIn the face of the strong opposition, the act creating it was passed, and it was chartered for twenty years. The subscriptions required that one-fourth should be paid in specie and the rest in six per cent. certificates of the bank. Within two hours after the subscription books were opened the entire amount of stock was subscribed. The United States Bank was destined to play an important part in national affairs in after years. PASSAGE OF A TARIFF BILL. Having provided the means for funding the debt and for borrowing money, it yet remained to find some way of earning the money. The method was so apparent that Congress lost no time in passing a tariff bill. A law placed a duty on imported and domestic spirits, and, in February, 1792, a protective tariff bill was enacted. This provided that the materials from which goods are manufactured should not be taxed, while articles competing with those made in this country were prohibited. A mint was also established in Philadelphia for coining money. THE FEDERAL JUDICIARY ORGANIZED. The plan for the Federal judiciary was perfected on the lines proposed by Ellsworth, of Connecticut. The national judiciary consisted of a supreme court, having a chief justice and five associate justices, who were to hold two sessions annually at the seat of the Federal government. Specified jurisdiction was given to the circuit and district courts, and each State was made a district; the Territories of Maine and Kentucky were provided for in the same manner, and the remaining Territories were grouped into three circuits. When the matter in dispute amounted to $2,000, an appeal could be taken from the lower courts to the supreme court. The President was to appoint a marshal in each district, possessing the general powers of a sheriff, and the interests of the government were placed in the hands of a district attorney. The first chief justice of the United States was John Jay, of New York, while Edmund Randolph, of Virginia, was made attorney-general. The associate judges were John Rutledge, of South Carolina; James Wilson, of Pennsylvania; William Cushing, of Massachusetts; Robert H. Harrison, of Maryland; and John Blair, of Virginia. BENJAMIN FRANKLIN. 159 Vermont was admitted to the Union on March 4, 1791; Kentucky, June 1, was apprenticed to his brother, who was a printer, and while a boy gave evidence of his remarka- BEN FRANKLIN MOULDING CANDLES IN HIS ble keenness and brilliant common FATHER'S SHOP. sense. Rebelling against the discipline of his brother, he ran away, tramping most of the distance to Philadelphia. There he secured a situation and showed himself so skillful and tasteful a printer that he never lacked for work. He established a paper in Philadelphia in 1729, and began the publication of Poor Richard's Almanac in 1732, the year in which Washington was born. The wit, homely philosophy, and keen penetration shown by Franklin attracted wide attention and gave the almanac an enormous circulation, which lasted as long as it was published. Many of his proverbs are still popular and widely quoted. In 1753, he was appointed deputy postmaster of the British colonies, and, as a delegate to the Albany Convention in 1754, proposed an important plan for colonial union. From 1757 to 1762, and again from 1764 to the Revolution, he was agent of Pennsylvania in England; part of the time also for Massachusetts, New Jersey, and Georgia. Returning to Philadelphia in 1775, he was at once chosen a delegate to the Continental Congress. Few persons, in looking at his handsome signature on the Declaration of Independence, would suspect that it was written when he was seventy years old. It has been shown that he was one of the committee of five who drew up the Declaration, and in the following autumn was sent to Paris to join Arthur Lee and Silas Deane. His services there were of the highest importance. He had a leading part in the negotiations of the treaty of peace in 1783, after which he negotiated a favorable FRANKLIN'S GRAVE. treaty with Russia. He returned to America in 1785, and was chosen president of Pennsylvania, and again in 1786 and 1787. He was an influential member of the Constitutional convention, and probably was second to Washington in popularity. His funeral in Philadelphia was attended by more than 20,000 persons. Franklin's researches in electricity, though slight as compared with the discoveries since made by Edison, Tesla, and others, extended his fame to Europe. By means of the kite which he sent aloft in a thunderstorm, he proved that the lightning in the atmosphere is identical with that developed by frictional electricity. This discovery led to the invention of the lightning-rod for buildings, which has been the means of saving property beyond estimate. He was |