3. After the overthrow of the Federalists by Mr. Jefferson, in the year 1800, there was no national party struggle on the old issues, but in every portion of the country were individuals who adhered to the views of Alexander Hamilton as to the proper construction of the Constitution of the United States. Many of these were men of great social and professional eminence. 4. Under Mr. Madison and his successors there was, in fact, no party but the Democratic-Republicans. Every one who hoped for political promotion professed the faith of that organization. There was no party division as to the Bank or the United States, or the tariff of duties on foreign imports. 5. In the year 1825 the State was graced by the visit of General La Fayette. A half century before he had left his wife and all the charms of life in Paris to do battle in behalf of the struggling American colonies. After acting a distinguished part in the French Revolution, he had returned as the Nation's guest, to receive the thanks of another generation for the great services he had rendered in the past. He went from State to State, every where greeted with the utmost love and veneration. He soon returned to France in the United States ship Brandywine, after receiving princely recognition and rewards from Congress. 6. In this year, also, a considerable excitement was created on account of an extraordinary advance in the price of cotton. In a few weeks the price went from twelve to thirty-two cents per pound. This great rise was only temporary, and many people were ruined by the sudden and unexpected fall. 7. In 1825 the election of John Quincy Adams, by The House of Representatives, to the Presidency, resulted in giving a new aspect to political matters. General Andrew Jackson, who had received the largest popular vote, and was then a Senator from Tennessee, became the leader of those who were called "Democrats." Those who were opposed to him assumed the name of "Whigs." 8. Mr. Adams, though elected as a Democrat-Republican, soon found that party arrayed against his administration. Henry Clay, and all of those who had been Federalists, supported the President. In North Carolina many prominent men arrayed themselves with the new party. These Whigs, as they were called, advocated a continuance of the United States Bank, a tariff for protection on importations, and a distribution to the several States of the money realized by the sale of public lands. 9. General Jackson and the Democrats favored a tariff for revenue. They contended that the National Bank was not only unauthorized by the Constitution, but also dangerous to the liberties of the people. They were likewise unfriendly to the plan of making the States pensioners of the general government, as proposed in the policy of distribution.