At home, a sound credit had been created; an immense floating debt had been funded in a manner perfectly satisfactory to the creditors: an ample revenue had been provided; those difficulties which a system of internal taxation, on its first introduction, is doomed to encounter, were completely removed; and the authority of the government was firmly established. Funds for the gradual payment of the debt had been provided; a considerable part of it had been actually discharged; and that system which is now operating its entire extinction, had been matured and adopted. The agricultural and commercial wealth of the nation had increased beyond all former example. The numerous tribes of warlike Indians, inhabiting those immense tracts which lie between the then cultivated country and the Mississippi, had been taught, by arms and by justice, to respect the United States, and to continue in peace. This desirable object having been accomplished, that humane system was established for civilizing, and furnishing them with the conveniences of life which improves their condition, while it secures their attachment.

Abroad, the differences with Spain had been accommodated; and the free navigation of the Mississippi had been acquired, with the use of New Orleans as a place of deposit for three years, and afterwards, until some other equivalent place should be designated. Those causes of mutual exasperation which had threatened to involve the United States in a war with the greatest maritime and commercial power in the world, had been removed; and the military posts which had been occupied within their territory, from their existence as a nation, had been evacuated. Treaties had been formed with Algiers and with Tripoli, and no captures appear to have been made by Tunis; so that the Mediterranean was opened to American vessels.

This bright prospect was indeed, in part, shaded by the discontents of France. Those who have attended to the particular points of difference between the two nations, will assign the causes to which these discontents are to be ascribed, and will judge whether it was in the power of the President to have avoided them, without surrendering the real independence of the nation, and the most invaluable of all rights —the right of self-government.

Such was the situation of the United States at the close of Washington's administration. Their circumstances at its commencement will be recollected; and the contrast is too striking not to be observed.

That this beneficial change in the affairs of America is to be ascribed exclusively to the wisdom which guided the national councils will not be pretended. That many of the causes which produced it originated with the government, and that their successful operation was facilitated, if not secured, by the system which was adopted, will scarcely be denied. To estimate that system correctly, their real influence must be allowed to those strong prejudices, and turbulent passions, with which it was assailed.

Accustomed in the early part of his life to agricultural pursuits, and possessing a real taste for them, General Washington was particularly well qualified to enjoy, in retirement, that tranquil felicity which he had anticipated. Resuming former habits, and returning to ancient and well known employments, he was familiar with his new situation, and therefore exempt from the danger of that disappointment which is the common lot of those who, in old age, retire from the toils of business, or the cares of office, to the untried pleasures of the country. A large estate, which exhibited many proofs of having been long deprived of the attentions of its proprietor, in the management and improvement of which he engaged with ardour, an extensive correspondence, and the society of men and books, gave employment to every hour which was equally innocent and interesting, and furnished ground for the hope that the evening of a life which had been devoted to the public service, would be as serene, as its mid-day had been brilliant.

Though devoted to these occupations, an absolute indifference to public affairs would have been incompatible with that love of country which had influenced all his conduct. Feeling strong impressions in favour of that system, with regard to foreign powers, which had been adopted by himself, and which was faithfully pursued by his successor, he could not be inattentive to the immense, and continued exertions, made by a powerful party to overturn it. Yet for a time, he sought to abstract himself from these political contests, and to diminish the interest which his feelings impelled him to take in them. His letters abound in paragraphs not unlike the following. "I have confidence however in that Providence which has shielded the United States from the evils that have hitherto threatened them; and, as I believe the major part of the people of this country to be well affected to its constitution and government, I rest satisfied that, should a crisis ever arise to call forth the sense of the community, it will be strong in support of the honour and dignity of the nation. Therefore, however much I regret the opposition which has for its object the embarrassment of the administration, I shall view things in the 'calm light of mild philosophy,' and endeavour to finish my course in retirement and ease."

But the designs of France were soon manifested in a form which, to the veteran soldier and statesman of Mount Vernon, appeared to be too dangerous as well as unequivocal, to admit the preservation of this equanimity.

The French government refuses to receive General Pinckney as minister.

In the executive of that republic, General Pinckney encountered dispositions of a very different character from that amicable and conciliatory temper which had dictated his mission. After inspecting his letter of credence, the Directory announced to him their haughty determination "not to receive another minister plenipotentiary from the United States, until after the redress of grievances demanded of the American government, which the French republic had a right to expect from it." This message was succeeded, first by indecorous verbal communications, calculated to force the American minister out of France, and afterwards, by a written mandate to quit the territories of the republic.