"But if any circumstances should have taken place in consequence of the intimation of an intention to resign, or should otherwise exist, which serve to render my continuance in office in any degree inconvenient or ineligible, I beg to leave to assure you, sir, that I should yield to them with all the readiness naturally inspired by an impatient desire to relinquish a situation in which even a momentary stay is opposed by the strongest personal and family reasons, and could only be produced by a sense of duty or reputation."

Assurances being given by Washington of the pleasure with which the intelligence that he would continue at his post through the crisis was received; he remained in office until the commencement of the ensuing year. Immediately on his return from the western country, the dangers of domestic insurrection or foreign war having subsided, he gave notice that he should on the last day of January (1795) give in his resignation.

In the esteem and good opinion of Washington, to whom he was best known, Hamilton at all times maintained a high place. While deciding on the mission to England and searching for a person to whom the interesting negotiation with that government should be confided, the mind of the chief magistrate was directed, among others, to him. He carried with him out of office the same cordial esteem for his character and respect for his talents which had induced his appointment.

The vacant office of Secretary of the Treasury was filled by Oliver Wolcott, of Connecticut, a gentleman of sound judgment, who was well versed in its duties. He had served as Comptroller for a considerable time, and in that situation had been eminently useful to the head of the department.

The bill for the gradual reduction of the public debt, on the basis of Hamilton's plan, was resisted in detail through nearly the whole session of Congress, but by the persevering exertions of the Federal party was finally carried, and the system inaugurated by Hamilton became a permanent portion of the financial policy of the country.

On the 3d of March (1795) this important session was ended. Although the party hostile to the administration had obtained a small majority in one branch of the Legislature several circumstances had concurred to give great weight to the recommendations of Washington. Among these may be reckoned the victory obtained by General Wayne and the suppression of the western insurrection. In some points, however, which he had pressed with earnestness, his sentiments did not prevail. One of these was a bill introduced into the Senate for preserving peace with the Indians, by protecting them from the intrusions and incursions of the whites.

General Knox, Secretary of War, like Hamilton, was driven from the service of his country by the scantiness of the compensation allowed him. He resigned at the close of the year 1794. Colonel Pickering, a gentleman who had filled many important offices through the war of the Revolution, who had discharged several trusts of considerable confidence under the present government, and who at the time was Postmaster-General, was appointed to succeed him.

After the rising of Congress, Washington made a short visit to Mount Vernon. He returned to Philadelphia about the 1st of May. Meantime, on the 7th of March (1795) the treaty of amity, commerce, and navigation between the United States and Great Britain, which had been signed by the ministers of the two nations on the 19th of the preceding November, was received.

From his arrival in London, on the 15th of June, 1794, Mr. Jay had been assiduously and unremittingly employed on the arduous duties of his mission. By a deportment respectful, yet firm, mingling a decent deference for the government to which he was deputed with a proper regard, for the dignity of his own, this minister avoided those little asperities which frequently embarrass measures of great concern, and smoothed the way to the adoption of those which were suggested by the real interests of both nations. Many and intricate were the points to be discussed. On some of them an agreement was found to be impracticable, but at length a treaty was concluded, which Mr. Jay declared to be the best that was attainable, and which he believed it for the interests of the United States to accept. Indeed it was scarcely possible to contemplate the evidences of extreme exasperation which were given in America, and the nature of the differences which subsisted between the two countries, without feeling a conviction that war was inevitable, should this attempt to adjust those differences prove unsuccessful.

The constitution had provided that all treaties should be ratified by the Senate, and Washington summoned that body to meet on Monday, the 8th of June, in order to take it into consideration. In the meantime Washington devoted himself to the task of examining its provisions with the utmost care. It was not, in all respects, what he had wished and expected. Many points were omitted which he had desired to be introduced and settled, others were arranged so as to leave room for future misunderstandings between the two nations. But he felt satisfied that Mr. Jay had obtained the best terms in his power, and that this treaty was the best that could have been made under all circumstances. Important privileges were secured, no great national advantages had been sacrificed, nothing detrimental to the national honor had been admitted, and peace was maintained. That the rejection of the treaty would be followed by a calamitous war did not admit of a doubt. In the existing state of Europe a war with Great Britain would have involved the United States in the long-continued agitations of Europe and deprive them of all the advantages of neutrality and undisturbed commerce. Fully aware of all these considerations, Washington determined that if the Senate should ratify the treaty he would give it the sanction of his signature.