The Writings of Thomas Jefferson, Vol. 9 (of 9): Being His Autobiography, Correspondence, Reports, Messages, Addresses, and Other Writings, Official and PrivateJefferson, Thomas
History
The Writings of Thomas Jefferson, Vol. 9 (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
Baldwin mentions at table the following fact: When the bank bill was
under discussion in the House of Representatives, Judge Wilson came in,
and was standing by Baldwin. Baldwin reminded him of the following fact
which passed in the grand convention: Among the enumerated powers given
to Congress, was one to erect corporations. It was, on debate, struck
out. Several particular powers were then proposed. Among others, Robert
Morris proposed to give Congress a power to establish a national bank.
Gouverneur Morris opposed it, observing that it was extremely doubtful
whether the constitution they were framing could ever be passed at all
by the people of America; that to give it its best chance, however, they
should make it as palatable as possible, and put nothing into it not
very essential, which might raise up enemies; that his colleague (Robert
Morris) well knew that "a bank" was, in their State, (Pennsylvania,)
the very watch-word of party; that _a bank_ had been the great bone of
contention between the two parties of the State from the establishment
of their constitution, having been erected, put down, and erected again,
as either party preponderated; that therefore, to insert this power,
would instantly enlist against the whole instrument, the whole of the
anti-bank party in Pennsylvania. Whereupon it was rejected, as was every
other special power, except that of giving copyrights to authors, and
patents to inventors; the general power of incorporating being whittled
down to this shred. Wilson agreed to the fact.
Mr. Hunter, of South Carolina, who lodges with Rutledge,[13] tells me
that Rutledge was explaining to him the plan they proposed to pursue as
to war measures when Otis came in. Rutledge addressed Otis. Now, sir,
says he, you must come forward with something liberal for the southern
States, fortify their harbors, and build gallies, in order to obtain
their concurrence. Otis said, we insist on convoys for our European
trade, and _guarda costas_, on which condition alone we will give them
gallies and fortifications. Rutledge observed, that in the event of war,
McHenry and Pickering must go out; Wolcott, he thought, might remain,
but the others were incapable of conducting a war. Otis said the eastern
people would never abandon Pickering, he must be retained; McHenry might
go. They considered together whether General Pinckney would accept the
office of Secretary of War. They apprehended he would not. It was agreed
in this conversation that Sewall had more the ear of the President than
any other person.
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