This delay of war proved most fortunate in the end. Those twenty years allowed the American merchantmen to increase in numbers until they were able to work such devastation on British commerce as marked the course of the War of 1812. The period allowed the new nation to acquire the strategic mouth of the Mississippi, and to make such inroads of settlers in the debatable land of the Floridas that Britain was unable to secure a permanent footing in them during hostilities. Twenty years carried forward the Old World struggle to a point so near its close that the Americans were able in the end to make surprisingly good terms in the general European demand for a world-peace. As if to put the strict constructionists to the test on every side, the twenty years for which the Hamilton bank had been chartered expired in the midst of a conviction that war was inevitable. The bank, as a means of securing loans, would be indispensable during a war. The liberal-minded Gallatin brought in a report to Congress advocating a re-charter of the bank for another term of years. His arguments were much like those of Hamilton twenty years before. Is it given to the departed to know such a mortal pleasure as vindication? Gallatin's recommendation evoked a storm of dissent from those members of the party who adhered to early principles. They would not give a new lease of life to this monopoly, unconstitutional in its origin and abused in its administration. State banks, if given an opportunity, could care for the United States money as well as an aristocratic, exclusive institution, seven-tenths of whose stock was held in England. This plea for the individual was the argument by which the opponents of re-charter met the predictions of financial ruin with which the advocates of Gallatin's suggestion filled the air. The withdrawal of twenty-four million dollars from circulation would mean a national panic, it was claimed. Arguments of expediency were heard where constitutionality had held twenty years before. The unionising process which the former individualists had undergone in ten years of administration is illustrated by the speech of Crawford, of Georgia, a lifelong adherent to the principles of Jefferson in the main, but too liberal to be bound to a dead past. A rational analysis of the Constitution, he thought, would show that it was not perfect in language as commonly supposed, but that it occasionally gave a general power followed by a specific power. "This analysis," said he, "may excite unpleasant sensations, it may assail honest prejudices; for there can be no doubt that honest prejudices frequently exist and are many times perfectly innocent. But when these prejudices tend to destroy even the object of their affection, it is ostensibly necessary that they should be eradicated."