No bank could be established unless it was based on their principles.

The first bill, proposing a paper-money bank, originated in the House, and was killed there by a strong majority, Mr.Webster making a long speech against it which has not been preserved.

The next bill came from the Senate, and was also for a paper-money bank.

Against this scheme Mr.
Webster made a second elaborate speech, which is reprinted in his works.
His genius for arranging and stating facts held its full strength in questions of finance, and he now established his reputation as a master in that difficult department of statesmanship.

His recent studies of economical questions in late English works and in English history gave freshness to what he said, and in clearness of argument, in range of view, and wisdom of judgment, he showed himself a worthy disciple of the school of Hamilton.