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President Madison warns against Bank and tariff excesses
Madison reports defend financial policy after war with Mexico, opposing a national bank, protective tariffs, and broad internal improvements. He argues for limited federal power, payment of debt, and a strict view of constitutional authority, warning of aristocratic power and public distress if expansion continues. He notes Indian treaties, Navy and Post Office progress, and urges prudent fiscal reform.
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Lme
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Europe
Great Briain
Commonwealth
U.S. A
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T Mera
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Uregihae
National Bank
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Senate
Hamilton
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House of
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House of Repres
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House of Congress
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Wissen
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