Inquiry Into the Origin and Course of Political Parties in the United StatesVan Buren, Martin
History
Inquiry Into the Origin and Course of Political Parties in the United States
Van Buren, Martin
Political parties -- United States
Hamilton had done much by their establishment and organization to
strengthen the Federal arm, and proportionately to weaken the State
governments, but the influence he derived from these measures was not
sufficiently operative upon several classes whom he desired to
conciliate. The wished for impression had been made upon the commercial
class,--at all times a powerful body and by the nature of their pursuits
inclined to favor strong governments, banks, and funding systems,--upon
the domestic creditors of the General Government, upon the creditors of
the several State governments, upon all who had a passion for gambling
in stocks, to whose appetites he furnished so much aliment,--a numerous,
crafty, and influential portion of almost every community,--and upon all
who wanted to borrow or had money to lend, a class still more numerous.
Besides these, whom Mr. Canning called the "train-bands of commerce," in
general the most dangerous to encounter and the most efficient when at
his service, there were still larger interests, and in the aggregate
more powerful, upon whom the Secretary desired to make similar
impressions and to secure their attachment to his system.
In August, 1791, whilst concocting the measures by which he hoped to
secure the support of these, and flushed by the success which had
hitherto crowned his efforts, he thus (as I have already quoted)
addressed his great rival, Mr. Jefferson:--
"I own," said he, "it is my opinion, though I do not publish it in Dan
or Beersheba, that the present Government is not that which will answer
the ends of society, by giving stability and protection to its rights,
and that it will probably be found expedient to go into the British
form; however, since we have undertaken the experiment, I am for giving
it a fair course, whatever my expectations may be. The success, indeed,
so far, is greater than I had expected, and therefore at present success
seems more possible than it had done heretofore, and there are still
other and other stages of improvement, which, if the present does not
succeed, may be tried and ought to be tried before we give up the
republican form altogether."
Public-domain text, read in full here on John Shaqi.
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