You should have not tried to hide the fact that not only was the ability of the fedgov to issue paper voted down but so was the prohibition against the fedgov being allowed to issue paper. Isn't hiding such a fact a little dishonest? I was not aware of it. Was the prohibition in an early draft and removed? Was it actively considered and rejected? If so, I stand corrected (please provide whatever info you have on this). Were you aware of both? Using your own criteria, doesn’t that make you a little dishonest in prior posts?
Those who opposed [the Bank] most vociferously could not dispute the great success it achieved in spurring the development of the country.
Check your premises. The First Bank was defeated for renewal; Years later, the Second finally passed and was not renewed.
Far from being a monopoly….
How many of those had national charters? How many of those had the power of government as partner? How many of those had exclusive claim to the federal government's banking needs? How many of those had charters that forbade the federal government from incorporating other similar institutions?
Righteous reasoning for the benefit and protection of freedom was Hamilton's stock in trade …. It is also unfortunate that no man has ever given more to the cause of Liberty than Hamilton and suffered such malignant and odious attacks for those gifts
In the light of those attacks, shouldn't you check your premises? Many Republicans and Democrats proudly claim their Jeffersonian roots while ZERO politicians proudly proclaim their Hamiltonian roots? This gives you no pause?
Both sides of that question were voted down. That is all I know of it. It seems clear that the CC didn't quite know how to handle the issue. No dishonesty on my part I merely said the founders could have prohibited issuance of paper and didn't.
My premises are sound the only reason the Congress refused Madison's request to renew the charter was because of bone-headed fanatics from the West not any misdeeds or lack of success of the Bank. Their financial ignorance was collosal and they used Class WArfare just like their RAT descendents. Even a republican fireeater like Albert Gallatine admitted the Bank had been a great success and was well run. After financial chaos ensued upon the Bank's closure even the knuckle-headed lamebrains voted for it. It also was a great success until another financial idiot killed it also leading the nation in financial chaos and the worst depression the nation ever experienced until 1929. Jackson was a great leader but a financial nincompoop.
That was not your argument. It sounded as though you were arguing that this Bank was a monopoly and it wasn't.
Those who laud Jefferson and disdain Hamilton know little or nothing about either. As I have carefully studied the period there is no question which is the greater man in every area except political conniving, deceit, Architecture and possibly science. Hamilton's reputation was destroyed by the hired lackies of the democratic-republican press and has only been resurrected by those who care about the truth. Modern politicians are historically ignorant and believe the LIE that Hamilton was for the rich and against the little guy. Such leftist crap always has a big sale in this nation. Meanwhile the TRUE aristocrat, Jefferson, gets a pass because of his rhetoric and little else. Interestingly two of our most powerful Senators wrote biographies of Hamilton: Arthur Vandenburg (The Greatest American) and Henry Cabot Lodge. But that was from a day before left wing propaganda had swept Truth from the field.
Another reason is that Jefferson had an entire region willing to spread the lies about Hamilton and the States' Righters hate for him was unrivaled. Hamilton thought states were mostly impediments to national/rational development thus had none of them ready to stand up for Truth. Not even his own state, NY. Hamilton was in many ways the First American. Most of his contemporaries thought of themselves as citizens of a state first the nation second, if at all. Not Washington but many of the lesser founders.
Most of the greatness of Hamilton is outside the mental grasp of the majority of the population while the buzzwords of Jefferson are easy to grasp. Just don't look for any action from the man. Talk, pie-in-the-sky schemes was about all you would get from him and deception.
Jefferson is our most over-rated president by a long shot.