sooner had the powers of that government begun to be exercised under his guidance than they began to grow. In his famous Report on Manufactures were laid the foundations of that system of protective duties which was destined to hang all the industries of the country upon the skirts of the federal power, and to make every trade and craft in the land sensitive to every wind of party that might blow at Washington; and in his equally celebrated Report in favor of the establishment of a National Bank, there was called into requisition, for the first time, that puissant doctrine of the “implied powers” of the Constitution which has ever since been the chief dynamic principle in our constitutional history. “This great doctrine, embodying the principle of liberal construction, was,” in the language of Mr. Lodge, “the most formidable weapon in the armory of the Constitution; and when Hamilton grasped it he knew, and his opponents felt, that here was something capable of conferring on the federal government powers of almost any extent.”[1] It served first as a sanction for the charter of the United States Bank,—an institution which was the central pillar of Hamilton's wonderful financial administration, and around which afterwards, as then, played so many of the lightnings of party strife. But the
- ↑ Lodge's Alexander Hamilton, p. 105.
