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.
Your pov is damaged more than advanced by such vitriol as:
1. Madison and Jefferson were complete numbskulls when it came to economics and finance. That is why Hamilton could make mincemeat out of them.
2. Jackson was a great leader but a financial nincompoop.
3. Those who laud Jefferson and disdain Hamilton know little or nothing about either.
4. Hamilton's reputation was destroyed by the hired lackies….
5. Modern politicians are historically ignorant and believe the LIE that Hamilton was for the rich and against the little guy.
Since neither of us were there, we must rely on the writings of these men for an insight into their beliefs and we must rely on what others wrote about them for a glimpse at their character. With regard to the latter issue, it is virtually impossible to have a strong objective view (unless there is virtual unanimity among credible sources). Failing such unanimity, a strong pov such as yours can only be based on subjectively and selectively embracing that which confirms your predisposed bias and subjectively and selectively rejecting that which refutes your predisposed bias.
With regard to the former, there is, at least, an objective basis for a strong pov. As a populist librertarian, I find nothing attractive in the policies of Hamilton, no matter how nice a guy he may have been when you got to know him. The policies of Jefferson and Jackson are much more to my liking, no matter how much of a stinker each may have been.