The Rhode-Island Republican. [volume] (Newport, R.I.) 1809-1841, 1840-07-01
POLITICAL.
Es,rae, from the II. Y Democratic Address.
ORIGIN OF THE REPUBLICAN AND
FEDERAL PARTIES.


( When the bill to establish National Bank
was presented TO President Warrington, ne.
hestated as to giving il his approval. tie ask
ed The opinion Of the Secretary Of the Treasury
as to the precise time at which the ten days al
lowed the President by the Constitution to con-
slider bill. would expire, and kept II until the
last moment, The opinions Of the members
Of his cabinet were taken, and on iha, occasion
Jefferson and Hsmilton took their stands at the
head Of the two great political schools wh'eh
have ever since divided the county Then
Was achieved the first great triumph OF the ar's-
tocratic principles over the true spirit and in
tents Of the Federal Constitution. To that act
are to be attributed most of the embiusred po-
liticsl excitements. and y large portion Of the
actual mischirfs which have agi,a'ed and dis
tressed the county ever since. IL is true that
the Republican party in 1911, faithful to their
principles and TO the Constitution, refused to
renew the charter of that bank. and II wound up
i,s affairs; but the example was set; Wash
ins,on had signed the bill. precedent had been
obtained which. in isl led to the establishment,
Of smother with three fold strength. the power
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The influence snd integrity Of Washington
prevented any signal exhibition Of the practical
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ai,p,easure. rendered him. in y,.,, d.y,.e
sucssssful.
The signing OF the Bank Bill, and a few 9th
or acts Of Washingtsu's administration, done
under the advice Of Hamilton and his political
associates. gave the Rspublicaa friends of tho
4 President great unsssiaess, but lead TO no dis
tinet organization OF parties. None doubted
esi-sd at first the complicated danger, which
lurked under the principles avowcd BY Hamil-
ton; and sll were desirous that Washington
should leave public life without n shade on his
glory. or feeling to mar the happiness Of his
remaining days. In the eloquent language Of
Mr.. jefferson who viewed tho transactions of
tho day with the eye Of a philosopher and a
patriot, "they would not suffer the temporary
alteration 10 weigh against the imine
merits Of his lie aud sthoueh they tunbled
his sedueers from their places, they preserved
his memory smbalmed in their hearts with un-
diminished love and devotion, and there il will
forever remain smbalmed, in entire oblivion of
every temporary thing which might cloud the
gloires Of his splendid life."
THE REIGN OF TERROR
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or IN, Go,.,,m.,, ,h,, ,h. ,n,, d.,,...,,,.
n,;,eipl.. made, IN. .,u. ofr.ds,,,i.u h.,,.
to show itself openly in prse,iee. lie was sue-
eeeded in the Presidential chair BY John Adams.
an .yowed' n,ossrchist. Within two yssrs from
hi. accession to the Presidency. the calm which
hsd preceded and accompanied the retirement
Of Washington. was changed into q storm Of
political excitement by the boldness aud rseL-
Irssbess with which the new administration at
tempted to carry into practices the svowsd prin-
cpss OF the Federal party. Then. for the frs,
time, were the people Of this country divided by
distinct party lines upsn the principles which