nation; stakes the national safety upon the capriciousness
and selfish views of every predominant party; involves the
necessity of nurturing at the general expense a minor interest, and terminates in the state of England. The quackery
of defending nations by banking, is a mine of wealth to an
order of bankers, as the quackery of defending then; by feudal tenures, was to the order of nobles. Give us all the land, said the feudal barons, and we will defend you. Give us all the money and credit, say the bankers, and we will do it. In both cases, nations pay the hire, and do the work
themselves. Just as the quackery of salvation w as a mine
of wealth to the priesthood, and purchased nothing for the
laity. What mystery can be more absurd, than the doctrine
that an entire nation cannot defend itself, but that it can be
defended, by the device of converting a few of its members
into bankers?
Mr. Adams asserts, and republicans admit, that a policy which confers civil power on one separate interest, is more imperfect than one which divides it among three. It is better to have no predominant separate interest, or more than one. None is freedom, one is tyranny, and several may be a mixture of both. If the king and the house of commons, were cut out of the English government, the nobility would be tyrants. By aggrandizing the nobility with a certain degree of wealth, the king and the house of commons would be nearly or entirely expunged from the English form of government. By aggrandizing a banking interest co-extensively, the same result ensues. The history of feudal barons and religious titularies proves, that wealth, and not title, conveys power.
Election advances and rivets the power of a wealthy order. In England, election, so far from producing an order or interest to counterpoise the stock order or interest, produces the most effective instrument for advancing its wealth at the expense of the nation. Could any better means have been devised for increasing the income of the stock order, than a house of commons? If the eligibility of the king or
