The Press

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VOL. VII | May, 1791

The First Bank of the United States

What does the future hold for a Nation without finance? A Nation weakened by empty accounts is naturally prone to many calamities. Be it internal unrest of the many impoverished within the nation, or the foreign encroachment on land in which we are too poor to fight for, the future for a nation without money is indeed bleak.

Upon the passage of the National Coinage Act, these United States began a long journey to financial solvency -- a journey that by every account is far from over.

The next step of this journey takes place upon the backs of a National Bank -- an institution to serve the finance of and economic need of our young Nation. Free from the political trappings and failings of our Congress, but beholden to our Department of Treasury and to its own Shareholders, this institution is far from a Despotic Altar that the financially-illiterate Whigs wish to paint it. Nay, this institution is one governed by the joint hands of our Government and our People, unified in the pursuit of monetary growth and economic gain.

To those in the many states of our great Nation, who must contend with local, unpredictable banks and the hassle of inter-state trade, this bank levels the playing field and creates a truly unified national system. To those who worry of states rights, and this bank's place in them, fear not. The great war debts of each of these United States will fall upon our bank to be sold as shares, and relieved of the states that currently hold them. For isn't the one of the greatest freedoms a state can have that of being debt-free?

All citizens may invest in shares of this bank -- a literal investment into our nation that shall by all means serve as the most democratic means possible of governing our economy. All citizens, from the monied New York Businessman to the Georgian farmer may invest in our government, and reap their rewards. For this is a bank that is governed fairly, and destined to grow.

Bold ideas can seem daunting, especially to those too reactionary to understand their necessity. Fear not of these fearmongers. Our nation is on the road to financial recovery, a ship that must be steered by a trustworthy and seasoned crew. Instead of the many captains in each of our States that wish to steer the ship in a dozen directions, this Nation Bank provides a single and reasoned path -- one to growth.

We all wish to see our nation -- and ourselves -- succeed, and for our wealth to grow. It is time to pursue the same lofty dreams this nation was founded upon, and found a Bank for the People.

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VOL. VIII | November, 1791

The Assumption of State Debts

To the States who wish their debts assumed by the federal government, hear, hear!

In avoidance of Democratic-Republican favouritism, the Hamiltonian National Bank plan includes the federal assumption of all state debts. This action will no doubt release your states from a great burden, and make their payment all the more obtainable.

If you, the people of these states with outstanding debt, wish to see yourselves treated fairly, you must urge your Representatives to vote YEA to the National Bank Act. If they fail to do this, regardless of their affiliation, they must be removed from office and replaced with a Delegate who will represent your state's interest fairly.

Make your voice heard! Be you in a new state, or one that has existed since the beginning of this great nation, support of the National Bank is support of your state, your pocketbook, and your nation.

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VOL. IX | November, 1791

Foe of the State, Foe of the People

Alas, Gentlemen, the attacks levied by the Radical-endorsed Whig faction and their rabidly jealous leader, Mr. Samuel Adams, have become all the more dire, and all the more preposterous.

In his attacks on the Hamiltonian Bank Plan, Mr. Adams has invoked the specter of British Monarchy, American Subjugation, and Financial Ruin. Such a bleak picture truly gives us an idea of the inner-workings of the mind of this troubled man. What he fails to see, however, is that this is what he is promising our Nation by opposing necessary financial reforms.

You will hear the "Republicans" as they are so known, and the Whigs cry ghastly things about the limiting of State's rights by a National Bank. These men are clearly gifted at driving up hysteria, but lack the capacity to back it. With a National Bank, we would see a fair alleviation of state debt, unlike the favoritism that Mr. Madison now practices. Without alleviating our State Debts, we are condemning our States -- those that Mr. Madison and Mr. Adams so champion -- to decades more of financial insolvency and tumult. If these men so loved our states, wouldn't they wish to see them liberated from a crushing war burden -- a war burden that our Bank would assume? What these men fail to see is that a little government can go a long way.

Let us envision a world in which our National Bank does not pass. Our States are saddled with great debts, leaving them tethered and financially immobile, and your pocketbooks are continually shrinking or stagnant due to a lack of economic growth. No Bank leaves us all the poorer, our states all the weaker, and our national all the more vulnerable. Aren't these the things that Mr. Adams said would happen if we did create the bank?

Gentlemen, the fractured Whig-Republican bloc may not agree even with itself on most days, but they stand united in projecting their insecurities onto the Hamiltonians. A National Bank is a critical institution for our nation, and should be adopted with haste.

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