The events of this story are morally indefensible. But the greed that motivated the human actors—excluding of course the slaves themselves—was so ove… - Harry V. Jaffa

While slavery meant Egypt, and slavemasters meant Pharoah, America itself remained the promised land. The slaves knew that it was not in Africa, Europe, or anywhere else that a nation had been founded upon the self-evident truth that all men are created equal. It was their destiny to cross over jordan here, and to make their decisive contribution to the human story here, by partaking of that new birth of freedom that alone could vindicate the cause of all human beings everywhere.

What exactly did these words, of both the Declaration of Independence and the Gettysburg Address, mean? They meant that there was no difference, between one human being, and another human being, that made one the master and the other the servant. As Jefferson once put it, some men are not born with saddles on their backs, nor are others born booted and spurred to ride them. That a man or woman rides a horse corresponds with the difference in their natures. No injustice is done to the horse! That an ox should pull a plow, while a man walks behind, is according to nature. In these cases, servitude follows from the laws of nature. But these same laws of nature tell us that when a human being is subjected to other human beings as if he were a horse or an ox, the laws of nature are violated. All human beings are accordingly equal in their right not to be enslaved, and in their right to be in secure possession of their lives, liberties, and property. To this end they have a right to be governed only by laws to which they have consented.

Madison, by the way, had opposed both the bank and tariffs when Hamilton was Secretary of Treasury. He signed into law the Second Bank of the United States, and endorsed the tariff, said that it has been ratified by the people in subsequent elections, so he reversed his position on that.