The Refutation of Publicola for the People of New York A few nights ago I was reading through the New-York Daily Gazette and I came across a concerning patch of questions raised by Publicola. The man raised many questions about the necessity of a National Bank and if it would be worth all the trouble. The questions Publicola raised were very important and understandable, so I am writing this article to set my fellow readers of the New-York Daily Gazette on the track to properly understanding the concept of our Nation’s bank. The first question raised was if a National Bank can be established with safety to the interests of the people of the United States, to which the answer must clearly be yes. The whole ideal of the National Bank is to do good for the people of our nation. Many have claimed that the bank is simply a way to resolve the debts of the north and put the pressure of repayment more heavily on the south, which is preposterous. One thing I believe the bank will do is bring the nation together and help eliminate the …show more content…
The people’s ideal is represented through our Nation’s constitution which some believe does not cover the creation of any corporations, let alone a National Bank. However, per the Constitution, the creation of corporations is as implied as any other action the government has taken. The National Bank is lawful to erect as the means of the Bank aligns with the means and powers of the National Government. It is within the powers of the National Government to collect tax money and regulate a nationally economy, so the Bank falls under the rights of the National Government. Another point is that the rule’s origin stems from a Roman law, which should be something Publicola is familiar with as his pen name is derived from on of the men who overthrew Caesar and stole