The Life of Alexander Hamilton

Cover The Life of Alexander Hamilton
The Life of Alexander Hamilton
John C John Church Hamilton
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HAMILTON. 235 " Tenthly — In granting the United States the sole pow- er ' of regulating the alloy and value of coin struck by their own authority, or by that of the respective states, ' without the power of regulating foreign coin in circulation, though one is essential to the due exercise of the other, as there ought to be such proportions maintained between the na- tional and foreign coin, as will give the former a prefer- ence in all internal negotiations ; and without the latter power, the
... operations of government, in a matter of prima- ry importance to the commerce and finances of the United States, will be exposed to numberless obstructions.
"Eleventhly — In requiring the assent of nine states to matters of principal importance, and of seven to all others, except adjournments from day to day, a rule destructive of vigour, consistency, or expedition, in the administration of affairs, tending to subject the sense of the majority to that of the minority, by putting it in the power of a small combination to retard and even to frustrate the most neces- sary measures, and to oblige the greater number, in cases which require speedy determinations, as happens in the most interesting concerns of the community, to come into the views of the smaller ; the evils of which have been felt in critical conjunctures, and must always make the spirit of government a spirit of compromise and expedience, rather than of system and energy.


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