operating for publick good, then wherever a legislature is
guided or influenced by the opinion of a banking party, the
government has ceased to be a republick, as completely as
if it was influenced by a king.
Despotisms are more lasting than free governments, because, as they do not suffer an order or a party possessed of exclusive power and privileges to exist, they are not subject to party spirit. By making free governments as little subject to party spirit, they will probably become more permanent than despotisms. It is excluded from despotisms, by excluding separate interests, calculated to plunder, and then dethrone the monarch with his own wealth; and it will be excluded from free governments, by forbearing to create these separate interests, still more dangerous to national wealth and sovereignty.
The appearance of parties of interest under a despotick government, is a proof that a new power has crept in, aspiring to the control of the despotism. A conflict of course commences, which ends in the destruction of one of the combatants. The appearance of such an aristocracy, under a free government, or one founded on common interest, indicates also the existence of a new power, and a similar conflict is unavoidable. Despotism will seldom create and nurture its own foe; free government is frequently seduced to do so. A despotick sovereignty keeps patronage in its own hands, and never confers privileges independent of its own will. A national sovereignty surrenders patronage to an individual, and charters away exclusive rights and emoluments. The consequences which would result to a despotick sovereignty from such a policy, do result to a national sovereignty. Reasoning is at an end, if the same moral causes, are not allowed to produce the same effects. If parties under despotisms are in collision with despotick sovereignty; parties under free governments must be in collision with national. And if the suppression of a party interest, is necessary to save a despotism, it must be necessary to save a free government. The appearance of party is a beacon
