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Lodge, Henry Cabot, 1850-1924

"George Washington, Volume II"

For this reason he exercised a jealous care in everything
touching the organic law of the Union, and he was peculiarly sensitive
to constitutional objections to any given measure. In the case of the
national bank, the objections were strongly as well as vigorously
urged, and Washington paused, before signing, to the utmost limit of
the time allowed. He turned to Jefferson and Randolph, both opposed
to the bill, and asked them for their objections to its
constitutionality. They gave him in response two able reports. These
he sent to Hamilton, who returned them with that most masterly
argument, in which he not only defended the bank charter, but
vindicated, in a manner never afterwards surpassed, the new doctrine
of the implied powers of the Constitution. With both sides thus before
him, Washington considered the question, and signed the bill.
Rives, in his "Life of Madison," intimates that Washington had doubts
even after signing, but of this there is no evidence of any weight. He
was not a man who indulged in doubts after he had made up his mind and
rendered a decision, and it was not in his nature to fret over what
had been done and was past, whether in war or peace. The story that he
was worried about his action in this instance arose from his delay in
signing, and from the disappointment of those who had hoped much
from his hesitation. This pause, however, was both natural and
characteristic. Washington had approved Morris's bank policy in the
Revolution, and remembered the service it rendered.


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