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.