The Writings of Thomas Jefferson, Vol. 6 (of 9): Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and PrivateJefferson, Thomas
History
The Writings of Thomas Jefferson, Vol. 6 (of 9): Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and Private
Jefferson, Thomas
United States -- Politics and government -- 1775-1783; United States -- Politics and government -- 1783-1865
But will you say our elections are pure? Be it so, upon the whole;
but do you recollect in history a more corrupt election than that of
Aaron Burr to be President, or that of De Witt Clinton last year? By
corruption here, I mean a sacrifice of every national interest and honor
to private and party objects. I see the same spirit in Virginia that
you and I see in Rhode Island and the rest of New England. In New York
it is a struggle of family feuds--a feudal aristocracy. Pennsylvania is
a contest between German, Irish and old England families. When Germans
and Irish unite they give 30,000 majorities. There is virtually a white
rose and a red rose, a Cæsar and a Pompey, in every State in this Union,
and contests and dissensions will be as lasting. The rivalry of Bourbons
and Noaillises produced the French revolution, and a similar competition
for consideration and influence exists and prevails in every village
in the world. Where will terminate the _rabies agri_? The continent
will be scattered over with manors much larger than Livingston's,
Van Rensselaers's, or Philips's; even our Deacon Strong will have a
principality among you Southern folk. What inequality of talents will
be produced by these land jobbers. Where tends the mania of banks? At
my table in Philadelphia, I once proposed to you to unite in endeavors
to obtain an amendment of the constitution prohibiting to the separate
States the power of creating banks; but giving Congress authority to
establish one bank with a branch in each State, the whole limited to
ten millions of dollars. Whether this project was wise or unwise, I know
not, for I had deliberated little on it then, and have never thought it
worth thinking of since. But you spurned the proposition from you with
disdain. This system of banks, begotten, brooded and hatched by Duer,
Robert and Gouverneur Morris, Hamilton and Washington, I have always
considered as a system of national injustice. A sacrifice of public and
private interest to a few aristocratical friends and favorites. My scheme
could have had no such effect. Verres plundered temples, and robbed a
few rich men, but he never made such ravages among private property in
general, nor swindled so much out of the pockets of the poor, and middle
class of people, as these banks have done. No people but this would
have borne the imposition so long. The people of Ireland would not bear
Wood's half-pence. What inequalities of talent have been introduced into
this country by these aristocratical banks! Our Winthrops, Winslows,
Bradfords, Saltonstalls, Quinceys, Chandlers, Leonards, Hutchinsons,
Olivers, Sewalls, &c., are precisely in the situation of your Randolphs,
Carters, and Burwells, and Harrisons. Some of them unpopular for the
part they took in the late revolution, but all respected for their names
and connections; and whenever they fell in with the popular sentiments
are preferred _ceteris paribus_, to all others. When I was young the
Public-domain text, read in full here on John Shaqi.
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