The tendency of a national bank is to increase public and private credit. The former gives power to the state, for the protection of its rights and interests: and the latter facilitates and extends the operations of commerce among individuals. Industry is increased, commodities are multiplied, agriculture and manufacturers flourish: and herein consists the true wealth and prosperity of a state.

If we are in earnest about giving the Union energy and duration we must abandon the vain project of legislating upon the States in their collective capacities.

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

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.

That there may happen cases in which the national government may be necessitated to resort to force, cannot be denied.

The true principle of a republic is that the people should choose whom they please to govern them. Representation is imperfect, in proportion as the current of popular favor is checked. The great source of free government, popular election, should be perfectly pure, and the most unbounded liberty allowed.

Has it not. . . invariably been found that momentary passions, and immediate interests, have a more active and imperious control over human conduct than general or remote considerations of policy, utility and justice?