...if the deferred debt should be immediately provided for in favor of the purchasers of it in the deferred shape, and since the unanimous vote that … - James Madison

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...if the deferred debt should be immediately provided for in favor of the purchasers of it in the deferred shape, and since the unanimous vote that no change should be made in the funding system, my imagination will not attempt to set bounds to the daring depravity of the times. The stockjobbers will become the pretorian band of the Government, at once its tool and its tyrant; bribed by its largesses, and overawing it, by clamours and combinations.

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About James Madison

James Madison Jr. (16 March 1751 – 28 June 1836) was an American statesman, diplomat, and Founding Father who served as the fourth president of the United States from 1809 to 1817. Madison was popularly acclaimed the "Father of the Constitution" for his pivotal role in drafting and promoting the Constitution of the United States and the Bill of Rights.

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Also Known As

Birth Name: James Madison, Jr.
Alternative Names: James Madison Jr. President Madison President James Madison

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In order to render this change eligible as well to the society as to the slaves, it would be necessary that a complete incorporation of the latter into the former should result from the act of manumission. This is rendered impossible by the prejudices of the whites, prejudices which proceeding principally from the difference of color must be considered...

It is due to justice; due to humanity; due to truth; due to the sympathies of our nature; in fine, to our character as a people, both abroad and at home, that they should be considered, as much as possible, in the light of human beings, and not as mere property. As such, they are acted on by our laws, and have an interest in our laws. They may be considered as making a part, though a degraded part, of the families to which they belong.

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It is of great importance in a republic, not only to guard the society against the oppression of its rulers, but to guard one part of the society against the injustice of the other part. Different interests necessarily exist in different classes of citizens. If a majority be united by a common interest, the rights of the minority will be insecure. There are but two methods of providing against this evil: the one by creating a will in the community independent of the majority, that is, of the society itself; the other, by comprehending in the society so many separate descriptions of citizens as will render an unjust combination of a majority of the whole very improbable, if not impracticable.

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