To this party it was evident that the colonies had lost much by falling out of the place in the family of nations which they had filled as part of the British Empire, and they believed that a similar place must now be won on an independent footing. They understood the necessity of well-regulated foreign relations, of foreign commerce, and of public credit. Their general effort was, therefore, to secure order and peace in the internal relations of the country by establishing liberty indeed, but liberty under law; and to secure respectability and respect abroad by fidelity to treaties and pecuniary engagements, by a reputation for commercial integrity, and by a development of the arts of peace. The first requisite to all this was a more perfect union. The two parties, therefore, formed about the issue of a revision of the Articles of Confederation, but it was not until the absolute necessity of the objects aimed at by the Federalists--objects which are in their nature less directly obvious and tangible--had been demonstrated by experience, that this revision was brought about. The Union was not the result of a free and spontaneous effort, but was “extorted from the grinding necessity of a reluctant people.” A political party which resists a proposed movement by predicting calamitous results to flow from it must abide by the verdict of history. Tried by this test, the anti-Federalists are convicted of resisting the most salutary action in our political history. The victory was won, not by writing critical essays about the movement and the relations of parties, but by the direct and energetic activity of those men of that generation who had enjoyed the greatest advantages of education and culture. Three evils were inherited under the new Constitution from the old system: slavery (which the framers of the Constitution tolerated, thinking it on the decline), paper money (which they thought they had eradicated), and the mercantile theories of political economy. These three evils, in their single or combined development, have given character to the whole subsequent political history of the country. One of them has been eliminated by a civil war. The other two confront us as the great political issues of to-day.