| Merchant:
Benjamin Ballard
Benjamin Ballard was born into a wealthy New York family in February
1763. As the oldest of four children, it was understood that one day he
would take over the family business. His father and grandfather owned a
large distillery that manufactured rum from molasses. They also owned a
fleet of ships that brought in the molasses from the West Indies. Soon
after Ballard graduated from King's College, his grandfather died of tuberculosis.
Ballard became a partner in the business and was quickly involved in the
challenges of keeping his business competitive.
Ballard had paid little attention to the debate over the Constitution.
It was not until his father turned management of the entire company over
to Benjamin that he began to realize how politics, as well as politicians,
affected his financial affairs. He aligned himself with politicians who
supported favorable trade policies, and avoided those such as Jefferson
who thought that industry was an evil influence best left to other countries.
Ballard had recently taken some of the profits from his rum trade and invested
in a new enterprise in Rhode Island, Samuel Slater's spinning mill. Rather
than depending upon England for cloth, Ballard hoped that other mills would
be built on New England's rivers so that the American textile industry
might supply the needs of the American market. He knew the English merchants
would respond to efforts by Americans to compete with British industries
as they had in the past. They would dump goods on the market at prices
so low that the new American businesses could not possibly match them.
If American businesses were ever to compete with these established British
industries, they needed protection by the U.S. government until they got
on their feet.
1. How might Ballard's background have affected the way he thought
about politics and politicians?
2. What was Ballard's main concern for the way the government was
being run?
Other events were disturbing Ballard's sleep. Increasingly, American
ships were being looted by pirates. Entire crews were murdered and thrown
overboard. The ships, as well as the cargo, were stolen. Ballard was losing
his fleet, his crews, and an enormous amount of money. The surviving crews
were demanding higher wages for the increasingly dangerous job. Ballard
felt this was another example of the need for a strong government that
would enforce law, order, and a respect for property. The disorder in Western
Pennsylvania was making headlines, as farmers defied the new government.
News of the mayhem taking place in France also reached him. The rebellion
in Pennsylvania increased his fear that something like the French rebellion
might happen in his own country. The Whiskey Rebels compared their resistance
to what Americans did in opposing the British violations of our rights
to property. But Americans were not represented when the British taxed
our property. These Whiskey Rebels had representation.
1. Why did Ballard feel it was the government's obligation to protect
his ship?
2. Ballard states that the Whiskey Rebels had representation. Do
you think this statement is true?
The actions of the farmers in Pennsylvania made Ballard worry even more
about Thomas Jefferson's calls for putting government in the hands of the
common people. Did they have the education or experience to make responsible
decisions? Or would they simply grab up the possessions of others simply
because they outnumbered those who owned property? That certainly seemed
to be what was happening in France. He suspected that if government were
placed into the hands of these uneducated farmers and workers they would
fall prey to dishonest men who would appeal to their greed and lead them
toward resentment of those who had prospered. It would be a simple matter
for the mob to violate the rights of the smaller number of Americans who
owned substantial property.
1. Who is Ballard referring to as common people? Why does he worry
about government by the common people?
2. What effect is the French Revolution having on Ballard's thinking?
Things had gotten out of hand, and Ballard was disgusted. He felt citizens
should be grateful to have a strong national government to turn to for
help. Ballard knew the government should take more control over issues
facing the nation. He was a businessman, and thought the country should
be run as a business in order to be successful. He felt Secretary Hamilton's
plan would build a strong economy that would protect the future for this
great nation. Hamilton realized that businessmen were vital to the survival
of the republic. He would put tariffs in place to raise the price of European
goods in America. His bank would provide a common American currency that
would make it easier for business to be conducted up and down the east
coast. He had wisely allowed businessmen to invest in the Bank. As businessmen
prospered, so would the country. As business made profits, they would expand
and create more jobs for the people of the country. Those people like the
farmers in Pennsylvania were short-sighted in blaming Hamilton for favoritism.
By protecting men of business, Alexander Hamilton was working for the common
good of all.
1. How would Hamilton's plan help businessmen like Ballard?
2. Why does Ballard think that Hamilton's plan serves the interest
of all Americans? |