Give all the power to the many, they will oppress the few. Give all the power to the few, they will oppress the many.

CREDIT supposes specific and permanent funds for the punctual payment of interest, with a moral certainty of a final redemption of the principal.

In a free government, the security for civil rights must be the same as that for religious rights. It consists in the one case in the multiplicity of interests, and in the other in the multiplicity of sects.

Those who have a tolerable knowledge of human nature will not stand in need of such lights.

Can any reasonable man be well disposed toward a government which makes war and carnage the only means of supporting itself?

There are still to be found visionary or designing men, who stand ready to advocate the paradox of perpetual peace between the states, though dismembered and alienated from each other.... The genius of republics, say they, is pacific; the spirit of commerce has a tendency to soften the manners of men, and to extinguish those inflammable humours which have so often kindled into wars. Commercial republics, like ours, will never be disposed to waste themselves in ruinous contentions with each other. They will be governed by mutual interest, and will cultivate a spirit of mutual amity and concord.

The power of creating new funds upon new objects of taxation, by its own authority, would enable the national government to borrow as far as its necessities might require.