It is needless to go into details, now that public loans, the funding of floating indebtedness in excess of current income, and the maintenance of a national banking system to supply machinery of credit, are such well recognized functions that the wonder is how any statesman could have ever thought otherwise.

Jefferson's arguments, when read with the prepossessions of the present day, are so apt to leave an impression of absurdity that they constitute a troublesome episode for his biographers.
Jefferson's maneuvering utterly failed to injure Hamilton in Washington's esteem, but it did have the effect of so thoroughly disgusting Washington with public life that at one time he was determined to refuse a reelection, and even went so far as to ask Madison to prepare a valedictory address for him.

He consented to serve another term most reluctantly, and not until he had been besought to do so by the leaders on both sides.

Jefferson was as urgent as was Hamilton.

While Washington was still wavering, he received a strong letter from Edmund Randolph that doubtless touched his soldierly pride.