History of the United States of America, Volume 5 (of 9) : $b During the first administration of James MadisonAdams, Henry
History
History of the United States of America, Volume 5 (of 9) : $b During the first administration of James Madison
Adams, Henry
United States -- History -- 1801-1809; United States -- History -- 1809-1817
Gallatin had at last found a capable senator to support him. The
political fortunes of William Henry Crawford, which ended only at the
threshold of the White House, drew no small part of their growth from
his courageous defence of the Treasury during these chaotic years.
Crawford showed the faults of a strong nature,--he was overbearing,
high-tempered, and his ambition did not spurn what his enemies called
intrigue; but he possessed the courage of Henry Clay, with more than
Clay’s intelligence, though far less than his charm. Crawford was never
weak, rarely oratorical; and if he was ever emotional he reserved his
emotion for other places than the Senate. “One man at last appeared
who filled my expectations,” wrote Gallatin many years afterward
to an old and intimate friend.[270] “This was Mr. Crawford, who
united to a powerful mind a most correct judgment and an inflexible
integrity,--which last quality, not sufficiently tempered by indulgence
and civility, has prevented his acquiring general popularity.” February
5 he introduced into the Senate a bill continuing the old Bank charter
for twenty years on certain conditions; and February 11 he supported
the bill in a speech remarkable for the severity of its truths. He
began by challenging the Constitution itself:--
“Upon the most thorough examination [of the Constitution] I
am induced to believe that many of the various constructions
given to it are the result of a belief that it is absolutely
perfect. It has become so extremely fashionable to eulogize
this Constitution, whether the object of the eulogist is the
extension or contraction of the powers of the government, that
whenever its eulogium is pronounced I feel an involuntary
apprehension of mischief.”
Upon the party theory that Congress could exercise no implied
power, and therefore could not charter a corporation, Crawford fell
energetically, until he came in contact with the instructions of State
legislatures, which he swept out of his path with actual contempt:--
“What is the inducement with these great States to put down
the Bank of the United States? Their avarice combined with
their love of domination!... The great commercial States are to
monopolize the benefits which are to arise from the deposits of
your public money. The suppression of this Bank will benefit
none of the interior or smaller States in which there is little
or no revenue collected. As the whole benefit is to be engrossed
by three or four of the great Atlantic States, so the whole of
the power which the dissolution of this Bank will take from the
national government will be exclusively monopolized by the same
States.”
Public-domain text, read in full here on John Shaqi.
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