"We both behaved abominably last year, and it was shocking that you should bear the brunt of it. I'll do my best to control myself in the Cabinet—although that man rouses all the devil in me; but not to fight at the head of my party. Oh! Can the leopard change his spots? I fear I shall die with my back against the wall, sir, and my boots on." "I haven't the slightest doubt of it. But be careful of giving too free and constant a play to your passions and your capacity for rancour, or your character will deteriorate. Tell me," he added abruptly, narrowing his eyes and fixing Hamilton with a prolonged scrutiny, "do you not feel its effects already?"

By this time the early, half-unwilling, half-magnetized affection which the boy in Hamilton had yielded to his Chief had given place to a consistent admiration for the exalted character, the wisdom, justice, and self-control of the President of the United States, and to a devoted attachment. The bond between the two men grew closer every day, and only the end of all things severed it. Hamilton, therefore, replied as frankly as if Washington had asked his opinion on the temper of the country, instead of probing the sacred recesses of his spirit:—

"There have been times when I have sat down and stared into myself with horror; when I have felt as if sitting in the ruins of my nature. I have caught myself up again and again, realizing where I was drifting. I have let a fiend loose within me, and I have turned upon it at times with a disgust so bitter and a terror so over-mastering that the mildness which has resulted has made me feel indifferent and even amiable to mine enemies. Whether this intimate knowledge of myself will save me, God knows; but when some maddening provocation comes, after reaction has run its course, I rage more hotly than ever, and only a sense of personal dignity keeps me from using my fists. I am two-thirds passion, and I am afraid that in the end it will consume me. I live so intensely, in my best and my worst! I would give all I possess for your moderation and balance."

"No, you would not," said Washington. "War is the breath of your nostrils, and peace would kill you. Not that the poise I have acquired brings me much peace in these days."

Hamilton, who had spoken dejectedly, but with the deep relief which every mortal feels in a moment of open and safe confession, sprang to his feet, and stood on the hearth rug, his eyes sparkling with humour. "Confess, sir," he cried gaily. "You do not like Jefferson any better than I do. Fancy him opposite to you day after day, stinging you with honeyed shafts and opposing you with obstacle after obstacle, while leering with hypocrisy. Put yourself in my place for an instant, and blame me if you can."

"Oh," said Washington, with a deep growl of disgust, "o-h-h!" But he would not discuss his Secretary of State, even with Hamilton.

XXVII

The bombardment from Freneau's Gazette opened at once. It began with a general assault upon the Administration, denouncing every prominent member in turn as a monarchist or an aristocrat, and every measure as subversive of the liberties of the country. Vice-President Adams received a heavy broadside, his "Discourses on Davila," with their animadversions upon the French Revolution in particular and Democracy in general, being regarded as a heinous offence against the spirit of his country, and detrimental to the political morals of the American youth. But although the Gazette kept up its pretence of being an anti-Administration organ, publishing in the interests of a deluded people, it soon settled down to abuse of Hamilton.

That a large number of the articles were from Jefferson's damning pen few of the Republican leader's friends denied with any warmth, and the natural deductions of history would have settled the question, had not Freneau himself confessed the truth in his old age. What Jefferson did not write, he or Madison inspired, and Freneau had a lively pen of his own. They had promising material in General St. Clair's recent and disastrous defeat by the Indians, which, by a triumph of literary ingenuity, was ascribed to the ease and abundance with which the Secretary of the Treasury had caused money to circulate. But a far stronger weapon for their malignant use was the ruinous speculation which had maddened the country since the opening of the Bank of the United States. It was not enough that the Bank was a monarchical institution, a machine for the corruption of the Government, a club of grasping and moneyed aristocrats, but it had been purposely designed for the benefit of the few—the "corrupt squadron," namely, the Secretary and his friends—at the expense of the many. The subsequent failure for $3,000,000 of one of these friends, William Duer, gave them no pause, for his ruin precipitated a panic, and but added distinction to his patron's villany.

For a time Hamilton held his peace. He had enough to do, steering the financial bark through the agitated waters of speculation, without wasting time on personal recrimination. Even when, before the failure, he was accused of being in secret partnership with Duer, he did not pause for vindication, but exerted himself to alleviate the general distress. He initiated the practice, followed by Secretaries of the Treasury at the present moment, of buying Government loan certificates in different financial centres throughout the country, thus easing the money market, raising the price of the certificates, and strengthening the public credit. He used the sinking-fund for this purpose.