It is not agreeable to be obliged to assume that a gentleman of General Hamilton's elevated character in private life, upon whose integrity and fidelity in his personal dealings and in the discharge of every private trust that was reposed in him no shadow rested, who was indifferent to the accumulation of wealth, who as a public man was so free from intrigues for personal advancement, and whose thoughts and acts in that character were so constantly directed to great questions and great interests, could yet prove faithless to one of the most sacred public trusts that can be placed in man--the execution of the fundamental law of the land. If Hamilton had been asked, as a private man, whether he believed it was the intention of the framers of the Constitution to confer upon Congress the power to establish a national bank, and whether he believed that the people when they ratified it supposed that it contained such a power, he would, if he answered at all, have answered "No!" He was incapable of willful deception on the subject. This discrepancy between his conduct as a statesman in the management of public affairs and his integrity and truthfulness in private life was the result of a vicious opinion as to the obligations of a public man, and in no degree attributable to any inferior sense of personal honor, nor was it ever otherwise regarded. His position upon this point is understood to have been founded on the following opinions: That the people as a body were not capable of managing their public affairs with safety to their happiness and welfare; that it was, therefore, a proper exercise of power to give the management of them into the hands of those who were capable, and to place the latter in positions, as far as practicable under the circumstances, beyond popular control; that it was the sacred duty of those who were so intrusted to exercise their power truly and sincerely for the best interests of those for whom they acted; that if those interests could be well administered without transcending the power with which the public functionary was invested, or without the practice of deception or corruption, such would be the preferable and proper course; but if violations of the popular will, deception, or corruptions--not those of the grosser kind, like direct bribery, but such as belonged to the class he spoke of to Mr. Adams as constituting the life-giving principle of the English system--were necessary, in the best judgment of men in power, to the security or advancement of the public welfare, the employment of such means was justifiable. Without stopping to cite authorities, I assume--on the strength of the opinion of the age in which he lived, of his writings, of his declarations, which were, beyond almost all other public men, without reserve, and of his acts--that such were his views, and content myself with the declaration that the existence of such views is the best, if not the only, excuse that can be made for his official course.