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
I know well, and so must be understood, that nothing like a majority in
Congress had yielded to this corruption. Far from it. But a division,
not very unequal, had already taken place in the honest part of that
body, between the parties styled republican and federal. The latter being
monarchists in principle, adhered to Hamilton of course, as their leader
in that principle, and this mercenary phalanx added to them, insured him
always a majority in both Houses: so that the whole action of legislature
was now under the direction of the Treasury. Still the machine was not
complete. The effect of the funding system, and of the Assumption, would
be temporary; it would be lost with the loss of the individual members
whom it has enriched, and some engine of influence more permanent must be
contrived, while these myrmidons were yet in place to carry it through
all opposition. This engine was the Bank of the United States. All that
history is known, so I shall say nothing about it. While the government
remained at Philadelphia, a selection of members of both Houses were
constantly kept as directors who, on every question interesting to that
institution, or to the views of the federal head, voted at the will of
that head; and, together with the stockholding members, could always make
the federal vote that of the majority. By this combination, legislative
expositions were given to the constitution, and all the administrative
laws were shaped on the model of England, and so passed. And from this
influence we were not relieved, until the removal from the precincts of
the bank, to Washington.
Here then was the real ground of the opposition which was made to the
course of administration. Its object was to preserve the legislature
pure and independent of the executive, to restrain the administration
to republican forms and principles, and not permit the constitution to
be construed into a monarchy, and to be warped, in practice, into all
the principles and pollutions of their favorite English model. Nor was
this an opposition to General Washington. He was true to the republican
charge confided to him; and has solemnly and repeatedly protested to me,
in our conversations, that he would lose the last drop of his blood in
support of it; and he did this the oftener and with the more earnestness,
because he knew my suspicions of Hamilton's designs against it, and wished
to quiet them. For he was not aware of the drift, or of the effect of
Hamilton's schemes. Unversed in financial projects and calculations and
budgets, his approbation of them was bottomed on his confidence in the
man.
Public-domain text, read in full here on John Shaqi.
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