In tracing the causes which led to this interesting state of things, it will be necessary to carry back our attention to the conclusion of the war.
A government authorized to declare war, but relying on independent states for the means of prosecuting it; capable of contracting debts, and of pledging the public faith for their payment, but depending on thirteen distinct sovereignties for the preservation of that faith, could not be rescued from ignominy and contempt, but by finding those sovereignties administered by men exempt from the passions incident to human nature.
The debts of the union were computed, on the first of January, 1783, at somewhat more than forty millions of dollars. "If," say congress, in an address to the states, urging that the means of payment should be placed in their hands, "other motives than that of justice could be requisite on this occasion, no nation could ever feel stronger; for to whom are the debts to be paid?
"To an ally, in the first place, who to the exertion of his arms in support of our cause has added the succours of his treasure; who to his important loans has added liberal donations, and whose loans themselves carry the impression of his magnanimity and friendship.
"To individuals in a foreign country, in the next place, who were the first to give so precious a token of their confidence in our justice, and of their friendship for our cause, and who are members of a republic which was second in espousing our rank among nations.
Another class of creditors is, that illustrious and patriotic band of fellow citizens, whose blood and whose bravery have defended the liberties of their country, who have patiently borne, among other distresses, the privation of their stipends, whilst the distresses of their country disabled it from bestowing them: and who, even now, ask for no more than such a portion of their dues, as will enable them to retire from the field of victory and glory, into the bosom of peace and private citizenship, and for such effectual security for the residue of their claims, as their country is now unquestionably able to provide.
"The remaining class of creditors is composed partly of such of our fellow citizens as originally lent to the public the use of their funds, or have since manifested most confidence in their country, by receiving transfers from the lenders; and partly of those whose property has been either advanced or assumed for the public service. To discriminate the merits of these several descriptions of creditors, would be a task equally unnecessary and invidious. If the voice of humanity plead more loudly in favour of some than of others, the voice of policy, no less than of justice, pleads in favour of all. A wise nation will never permit those who relieve the wants of their country, or who rely most on its faith, its firmness, and its resources, when either of them is distrusted, to suffer by the event."
In a government constituted like that of the United States, it would readily be expected that great contrariety of sentiment would prevail, respecting the principles on which its affairs should be conducted. It has been already stated that the continent was divided into two great political parties, the one of which contemplated America as a nation, and laboured incessantly to invest the federal head with powers competent to the preservation of the union. The other attached itself to the state government, viewed all the powers of congress with jealousy, and assented reluctantly to measures which would enable the head to act, in any respect, independently of the members. Men of enlarged and liberal minds who, in the imbecility of a general government, by which alone the capacities of the nation could be efficaciously exerted, could discern the imbecility of the nation itself; who, viewing the situation of the world, could perceive the dangers to which these young republics were exposed, if not held together by a cement capable of preserving a beneficial connexion; who felt the full value of national honour, and the full obligation of national faith; and who were persuaded of the insecurity of both, if resting for their preservation on the concurrence of thirteen distinct sovereigns; arranged themselves generally in the first party. The officers of the army, whose local prejudices had been weakened by associating with each other, and whose experience had furnished lessons on the inefficacy of requisitions which were not soon to be forgotten, threw their weight almost universally into the same scale.
The other party, if not more intelligent, was more numerous, and more powerful. It was sustained by prejudices and feelings which grew without effort, and gained strength from the intimate connexions subsisting between a state and its citizens. It required a concurrence of extrinsic circumstances to force on minds unwilling to receive the demonstration, a conviction of the necessity of an effective national government, and to give even a temporary ascendency to that party which had long foreseen and deplored the crisis to which the affairs of the United States were hastening.
Sensible that the character of the government would be decided, in a considerable degree, by the measures which should immediately follow the treaty of peace, gentlemen of the first political abilities and integrity sought a place in the congress of 1783. Combining their efforts for the establishment of principles on which the honour and the interest of the nation were believed to depend, they exerted all their talents to impress on the several states, the necessity of conferring on the government of the union, powers which might be competent to its preservation, and which would enable it to comply with the engagements it had formed. With unwearied perseverance they digested and obtained the assent of congress to a system, which, though unequal to what their wishes would have prepared, or their judgments have approved, was believed to be the best that was attainable. The great object in view was, "to restore and support public credit," to effect which it was necessary, "to obtain from the states substantial funds for funding the whole debt of the United States."