The third resolution declares the necessity and propriety of a national
bank. During the last fifty years so much has been said and written both
as to the constitutionality and expediency of such an institution, that
we could not hope to improve in the least on former discussions of the
subject, were we to undertake it. We, therefore, upon the question of
constitutionality content ourselves with remarking the facts that the
first national bank was established chiefly by the same men who formed
the Constitution, at a time when that instrument was but two years old,
and receiving the sanction, as President, of the immortal Washington;
that the second received the sanction, as President, of Mr. Madison, to
whom common consent has awarded the proud title of "Father of the
Constitution"; and subsequently the sanction of the Supreme Court, the
most enlightened judicial tribunal in the world. Upon the question of
expediency, we only ask you to examine the history of the times during
the existence of the two banks, and compare those times with the
miserable present.
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