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 they escape a superficial observation, they are the main point and the very soul of every faction in the United States.

To quote a recent example: when the president attacked the bank, the country was excited and parties were formed; the well-informed classes rallied round the bank, the common people round the president. But it must not be imagined that the people had formed a rational opinion upon a question which offers so many difficulties to the most experienced statesmen. The bank is a great establishment which enjoys an independent existence, and the people, accustomed to make and unmake whatsoever it pleases, is startled to meet with this obstacle to its authority. In the midst of the perpetual fluctuation of society, the community is irritated by so permanent an institution, and is led to attack it, in order to see whether it can be shaken and controlled, like all the other institutions of the country.

Secret Opposition of wealthy Individuals to Democracy.—Their retirement.—Their taste for exclusive Pleasures and for Luxury at Home.—Their Simplicity Abroad.—Their affected Condescension toward the People. sometimes happens in a people among which various opinions prevail, that the balance of the several parties is lost, and one of them obtains an irresistible preponderance, overpowers all obstacles, harasses its opponents, and appropriates all the resources of society to its own purposes. The vanquished citizens despair of success, and they conceal their dissatisfaction in silence and in a general apathy. The nation seems to be governed by a single principle, and the prevailing party assumes the credit of having restored peace and unanimity to the country. But this apparent unanimity is merely a cloak to alarming dissensions and perpetual opposition.