There is at this present juncture, a certain fermentation of mind, a certain activity of speculation and enterprise which if properly directed may be made subservient to useful purposes; but which if left entirely to itself, may be attended with pernicious effects.

The inhabitants of territories, often the theatre of war, are unavoidably subject to frequent infringements on their rights, which serve to weaken their sense of those rights; and by degrees, the people are brought to consider the soldiery not only as their protectors but as their superiors.

The great leading objects of the federal government, in which revenue is concerned, are to maintain domestic peace, and provide for the common defense.

There is at this present juncture, a certain fermentation of mind, a certain activity of speculation and enterprise which if properly directed may be made subservient to useful purposes; but which if left entirely to itself, may be attended with pernicious effects.

The multitude . . . have not a sufficient stock of reason and knowledge to guide them. . . . It is not safe to trust to the virtue of any people.

Now, mark my words. So long as we are a young and virtuous people, this instument will bind us together in mutual interests, mutual welfare, and mutual happiness. But when we become old and corrupt, it will bind no longer.

As riches increase and accumulate in few hands . . . the tendency of things will be to depart from the republican standard.