Clearfield Republican. [volume] (Clearfield, Pa.) 1851-1937, 1880-12-22

scheme was lOuhueu upon LAW iuea
of utilizing the deprecated paper with
which Louis the XVth's profnsion had
deluged France. By receiving hun
dreds of millions of this paper at its
market value in payment for shares in
various enterprises, Law soon raised
the price of paper above that of gold,
and thus afforded the strange spectacle
of people selling their family plate in
order to buy a dead kings promises TO
pay. Hamilton, of course, intended to
stop short of Laws fatal excuses. He
was as honorable person in all mat.
tiers pecuniary as ever drew the breath
OF life, and consequently, his bank was
TO have a sound basis of two millions
oi pounds sterling of borrowed money,
to which should be added subscrip-
tion OF two hundred millions Of dollars
in the deprecated paper of Congress.
At once, the thought, the paper would
rise in value and become an instru-
mcnt of good. The existence of the
bank he thought would make it the
immediate interest Of the moneyed men
to cooperate with the government in
its support This was the key to his
financial system, for he never advanc.
ed beyond the ideas Of this production.
1t was ever his conviction that a gov.
ernment could not stand t0hich II iCdS
not the interest of capitalists 10 uphold ;
and By capitalists he meant the class
,0ho control money, ,oho tiUe in cities and
can speculate in paper, He meant Wal
Street, though as yet the actual street
of that name was only pleasant lane
of modest Dutch.looking residences"
II feel deeply the truth of Jcffers MS
remarks that Hamilton gaS The eUh gen.
iuS Of America. He meddled baleiully
with the metal of American institu.
tions while ii was cooling, and so mud
died the political system of the coun.
try that probably it will never get the
shape originally intended till it is re.
cast At the moment when | am
writing these words the country is SfriU
ing 10 rid itself Of that miserable fdg end
of one Of HdmitoR'S ridiculous ingenW
tieS--the Electoral College. Perhaps IN
1851, the huhu[euIh anniversary oi tne
constitutional convention, Tue country
may Do Ilpo lor y seconu Iohstllu.lon' i,, ~,
a. OohVehuon' wn'h wiz tnorougn!y
Jenersohlze tne uenerai uoVorhincnV ,
making II tne s'hpioi strong' "uu
strictly limited agency "h,cn thc poo
PIC meant IL snVulu s oe' "nu uesllo =, Sia' ,'
IL snail DC; why nave "rltten Noh'
s''Vu',oh u 5s nv W Vo io'e 'ousY
conPl'su WIN hVM sa'9' noM "ise'
now auapteu 10 our lllhlteu hu,iau ~ Va
paolty 'he S.inpie tuvoi VI tno u9,,Si wi a.
uo'ernhen' which 'ehelsoii anu hau'
'soh ueienucu'
Now take the character oil Thomas
Jefferson as contrasting picture.
Hamilton was Killed by Aaron Burr
on the 18th OF July, 1914, IN a duel at
Hoboken, year before Thomas JET.
ierson was trlumphantly reelected
President OF the United States, while
his great work oil acquiring Louisiana
IRON France was progressing The
same great writer that gives us the
portrait oil Alexander Hamilton, made
oy ueheral uarheld, lhe louhder oi lhe
Federal or kepubllcan party, gives
another and a lar different estimation ol
Jenerson,the founder oil the Democratic
party and today, when the new Pres'
idcnt OF the United States goes back
10 draw his inspiration from the les
sons oi a man whose whole dream was
to mould our country into a vast en-
pre-, IL IS httlng that the American
people should Dc turned to the teach
lngs oi that magninceht leader, the
author OF the Declaration oil American
independence, VINO dled on the 4th OF
July, 1870, on the same day when hlr
contemporary and irlend,John Adams
oil Massachusetts, the second President
oil inc United states, oreathed bis ias'
at quincy, IN that state. what u par
allel between these glowing words o.
the Incompatible writer anu the STRAIN
cd eulogy oil 1eneral uarheld oi th'
man who created tho Federal, wing
ana Republican parties farIon salo
Oi Jefferson:
lie was an almost perfect citizen
lie loved and believed IN his species
Few men have ever been better edu
Gated than he, or practced more habit
ually the methods OF an educated per
son. He defended the honor OF thu
human intellect when its natural foe
throughout Christondom conspired u
revile, degrade, and crush IL. Aite
Washington he was the best chic
magistrate OF republic the world ha
ever known, and in some particular
be surpassed Washington. He keenl,
enjoyed his existence, and made it
beneiaction 10 mankind"
Thomas Jefferson builded better thaI
he knew. No American example ha
grown so wonderfully with the year,
from tnat iouhtaih oi american irs'
I'm, ''., tpo D'. 10 wv, o., " n~n .san"a;n. -
uOP'"uon0., Hn oui .ns 'a''I'o.' .'
@ anu uan"'11e, ,,i'' s anu IL Tu,ma'ah wa uas s.
vohsnuouSy So,I "" no"su, s, n' '' Tas 'n0 "is 80
"d. ysd .h'y o. O., "ua. nln, n'';,, s,ate,yi W
eau.t a,,,a ~ 'u0 ~ nis' o, ,vae a.qu.''.'S"
ri',h,s ~ % ,ho adnn,od % '';,i,.n and - :
,bs, Na,;,o r,er!nan nas,r -, wh H.
~ ~ n,o'torn pan,hIioanr r "ra.d 80 na,
rrsl @ mrodnn, ,ha nrea,icaI T ad,oo',,a a" I.
,ha aro,aa,;pn v,S ''U % PaU .na.;"on ;nJas,,,
'ho ~ pVsn ,"a r'ass raa - ~ ali monnnni,as =
roo, anos,,o ~ Of nniverSaI aJnco,io, m
And ,ba r,len,Iess enemy ot ali ;ot
and corrnn,,on in gov.rnmont II
died at thp grca, ase Of "a alter
90 reor s,Ii y, Sondsrinl works no, m
Isas, oi which yas his hones,y nnri,,
na,r;o,;su ond Iarno hnmo1i,r <
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