There are men who could neither be distressed nor won into a sacrifice of their duty; but this stern virtue is the growth of few soils: And in the main it will be found, that a power over a man's support is a power over his will.

We are now forming a republican government. Real liberty is never found in despotism or the extremes of democracy, but in moderate governments.

Good constitutions are formed upon a comparison of the liberty of the individual with the strength of government: If the tone of either be too high, the other will be weakened too much. It is the happiest possible mode of conciliating these objects, to institute one branch peculiarly endowed with sensibility, another with knowledge and firmness. Through the opposition and mutual control of these bodies, the government will reach, in its regular operations, the perfect balance between liberty and power.

The only constitutional exception to the power of making treaties is, that it shall not change the Constitution.… On natural principles, a treaty, which should manifestly betray or sacrifice primary interests of the state, would be null.

But though a funded debt is not in the first instance, an absolute increase of Capital, or an augmentation of real wealth; yet by serving as a New power in the operation of industry, it has within certain bounds a tendency to increase the real wealth of a Community, in like manner as money borrowed by a thrifty farmer, to be laid out in the improvement of his farm may, in the end, add to his Stock of real riches.

These powers ought to exist without limitation, because it is impossible to foresee or to define the extent and variety of national exigencies, and the correspondent extent and variety of the means which may be necessary to satisfy them.

If government is in the hands of the few, they will tyrannize the many; if in the hands of the many, they will tyrannize over the few. It ought to be in the hands of both, and be separated...they will need a mutual check. This check is a monarch.