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
Such a principle of political action, once fairly started in business
communities, is not easily uprooted. It continued to govern the
successors to the Federal party by whatever name they were called.
Indeed, the discrepancy that existed between its name and its principles
when it was first called _Federal_ has obtained in all its mutations.
Its principles have been the same, with a single exception, under every
name, until the perturbation of party names and systems recently
produced by the disturbing subject of slavery. When that influence is
spent, the individuals who now constitute the so-called Republican party
will in the main revert to their original positions. The exception
referred to consists in the exemption on the part of his political
disciples of the present day from the hallucination which Hamilton
carried to his grave in regard to the possibility of the ultimate
re-establishment of monarchical institutions in this country. In all
other respects we have had unvarying exhibitions of his well-known
sentiments upon the subjects of government and its administration; the
same preference for artificial constructions of the Constitution,
devised to defeat instead of to develop the intentions of those who made
it; the same inclination to strengthen the money power and to increase
its political influence--an object that occupied the first place in
Hamilton's wishes; the same disposition to restrict the powers of the
State governments, and to enlarge those of the Federal head; the same
distrust of the capacity of the people to control the management of
public affairs, and the same desire also for governmental interference
in the private pursuits of men and for influencing them by special
advantages to favored individuals and classes. A statement of the
extent to which the business, as distinguished from the agricultural and
other laboring classes, have been banded together in our political
contests by a preference for Hamilton's principles and by the
instrumentality of the money power, would be regarded as incredible if
the facts were not indisputable and notorious. Such has been the case
with those who hold the stock of our banks, and control their
action--agencies which enter into some of the minutest as well as the
most important of the business transactions of these great communities.
A vast majority in number as well as in interest of these are men deeply
imbued with Hamiltonian principles. The same thing may be said of our
insurance companies which have been invested with special privileges of
various grades, and are authorized to insure against perils by land, and
perils by sea, and against perils of almost every description. The same
in respect to our incorporated companies invested with like privileges,
and established for the manufacture of articles made of cotton, of wool,
of flax, of hemp, of silk, of iron, of steel, of lead, of clay, &c., &c.
The same of companies with like privileges for the construction of
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