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Alexander Hamilton’s proposal for a First Bank of the United States met resistance from Thomas Jefferson and James Madison because the power to charter a bank or any other corporation was not a delegated power of the general government. When Hamilton suggested that Jefferson read between the lines, Jefferson responded that he could find only blank space.

Brion T. McClanahan Quote: “Alexander Hamilton’s proposal for a First Bank of the United States met resistance from Thomas Jefferson and James Madison because the power to charter a bank or any other corporation was not a delegated power of the general government. When Hamilton suggested that Jefferson read between the lines, Jefferson responded that he could find only blank space.”

“Alexander Hamilton’s proposal for a First Bank of the United States met resistance from Thomas Jefferson and James Madison because the power to charter a bank or any other corporation was not a delegated power of the general government. When Hamilton suggested that Jefferson read between the lines, Jefferson responded that he could find only blank space.”

Brion T. McClanahan

Brion T. McClanahan Quote: “Alexander Hamilton’s proposal for a First Bank of the United States met resistance from Thomas Jefferson and James Madison because the power to charter a bank or any other corporation was not a delegated power of the general government. When Hamilton suggested that Jefferson read between the lines, Jefferson responded that he could find only blank space.”
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