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.

Here sir, the people govern.

A struggle for liberty is in itself respectable and glorious. . . . When conducted with magnanimity, justice and humanity, it ought to command the admiration of every friend to human nature. But if sullied by crimes and extravagancies, it loses its respectability.

Its objects are CONTRACTS with foreign nations which have the force of law, but derive it from the obligations of good faith.

That this gentleman [President John Adams] ought not to be the object of the federal wish, is, with me, reduced to demonstration. His administration has already very materially disgraced and sunk the government. There are defects in his character which must inevitably continue to do this more and more. And if he is supported by the federal party, his party must in the issue fall with him.

If the end be clearly comprehended within any of the specified powers, and if the measure have an obvious relation to that end, and is not forbidden by any particular provision of the Constitution, it may safely be deemed to come within the compass of the national authority.

The genius of the people will ill brook the inquisitive and peremptory spirit of excise laws.