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Editorial
March 7, 1814
Kentucky Gazette
Lexington, Fayette County, Kentucky
What is this article about?
Editorial critiques proposed national bank in Washington, D.C., questioning its constitutionality without amendment, dismissing federalist opposition claims, and praising Republicans for rejecting re-charter in 1812 while noting Federalists' 1791 charter.
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A NATIONAL BANK.
Exertions are at this time in operation at Washington City, to institute a national bank. The plan appears to be to locate the mother bank within the district of Columbia and by the consent of the state Legislatures to extend the branches to every part of the union.
The avowed object of requiring the consent of the states is to obviate the difficulty as to the constitutionality of such an institution.
Notwithstanding the sagacity which the projectors of this bank evince, there still seems to exist a difficulty on the subject. If congress have not the right by the constitution to create banks without the district of Columbia, how can they receive such power from the state Legislatures unless by an amendment of the constitution itself?
We should like to see this question solved.
The foolish and childish cant of the National Intelligencer, that all the federalists would oppose the bank, we trust can have no influence upon any person of sense. Let it ever be recollected that in 1791 the federalists when in power passed an unconstitutional law by chartering the U. States' Bank, and that in 1812 the republicans, tho' in power, had the virtue to reject an insidious attempt to induce them to continue the violation of that sacred instrument, by re-chartering the same bank.
We trust that the republicans will never tarnish the laurels which their uniform respect for the constitution has obtained for them.
Exertions are at this time in operation at Washington City, to institute a national bank. The plan appears to be to locate the mother bank within the district of Columbia and by the consent of the state Legislatures to extend the branches to every part of the union.
The avowed object of requiring the consent of the states is to obviate the difficulty as to the constitutionality of such an institution.
Notwithstanding the sagacity which the projectors of this bank evince, there still seems to exist a difficulty on the subject. If congress have not the right by the constitution to create banks without the district of Columbia, how can they receive such power from the state Legislatures unless by an amendment of the constitution itself?
We should like to see this question solved.
The foolish and childish cant of the National Intelligencer, that all the federalists would oppose the bank, we trust can have no influence upon any person of sense. Let it ever be recollected that in 1791 the federalists when in power passed an unconstitutional law by chartering the U. States' Bank, and that in 1812 the republicans, tho' in power, had the virtue to reject an insidious attempt to induce them to continue the violation of that sacred instrument, by re-chartering the same bank.
We trust that the republicans will never tarnish the laurels which their uniform respect for the constitution has obtained for them.
What sub-type of article is it?
Constitutional
Economic Policy
Partisan Politics
What keywords are associated?
National Bank
Constitutionality
State Consent
Federalists
Republicans
Bank Charter
Constitutional Amendment
What entities or persons were involved?
Congress
State Legislatures
Federalists
Republicans
National Intelligencer
U. States' Bank
Editorial Details
Primary Topic
Constitutionality Of A National Bank
Stance / Tone
Critical Of The Proposal And Supportive Of Republican Constitutionalism
Key Figures
Congress
State Legislatures
Federalists
Republicans
National Intelligencer
U. States' Bank
Key Arguments
Plan To Locate Mother Bank In District Of Columbia And Branches Elsewhere With State Consent To Address Constitutionality.
State Consent Cannot Grant Congress Power Without Constitutional Amendment If Not Already Possessed.
Federalists Unconstitutionally Chartered Bank In 1791; Republicans Virtuously Rejected Re Charter In 1812.
Dismisses National Intelligencer's Claim That Federalists Oppose The Bank As Foolish.