T H E   R E T R O B O R O
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                             RETRO EVOLUTION
       
       
       
       
       
  TEXT            The breakdown of the rules of descent        
       
       
       Soon after his appointment by President George Washington as 
       Treasury Secretary, Alexander Hamilton proposed that the federal 
       government establish a national bank. His proposal was vehemently 
       opposed by Thomas Jefferson and James Madison on Constitutional 
       grounds. Washington asked Jefferson to put his objections in 
       writing, which he did in the following report. His report has 
       relevance to today because of his explanations of the two "general 
       phrases" in Article I, Section 8 of the Constitution listing the 
       enumerated powers of Congress, as well as to how such a central bank
       must trespass on powers reserved to the States, and so "break down 
       the most ancient and fundamental laws" which constitute the pillars 
       of the free System of English Laws upholding State government.
       
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