The Anti-Federalists by Jackson Main, 1961, Edited Excerpts
Arguments would not pay the debt, and if the impost were to be rejected, some alternative way to preserve the government’s credit had to be found.
Joseph Jones to Madison, June 7 1787: “One of the first objects with the national government to be elected under the new constitution, it is said, will be to provide funds for the payment of the national debt, and thereby to restore the credit of the United States, which has been so much impaired b the individual states. Every holder of a pubic security of any kind is, therefore, deeply interested in the cordial reception, and speedy establishment of a vigorous continental government.”
The Federalists were trying to bring about a major political change and were insisting that this change was essential. To justify the Constitution, it had to be proved that conditions were desperate and that extensive alterations in the government were imperative. Accordingly, they insisted that a serious commercial depression existed, that the credit of the
The prospect that creditors could sue in the federal courts and recover claims in real money was particularly pleasing to creditors at a time when the collection of debts was exceptionally difficult. Creditors had encountered difficulties in collecting debts, threatened as they were with installment and tender laws, paper money, and even rebellion. The Constitution was, Federalists hoped, calculated to make men honest.
To the Antifederalists, there was no need for so drastic a cure as the Constitution. The Antifederalists believed that the Constitution created too strong a government. It was not so much any particular power which proved the danger, but the combination of control over taxation and the army together with the judicial powers. The Antifederalist wished to retain the Articles and to strengthen the Confederation.
While the Antifederalists denied that the Articles of Confederation had completely failed, they nonetheless admitted the need for reform. Nearly every individual who dealt with the problem believed that changes were necessary. The Antifederalists found themselves in a dilemma: at once accepting the necessity of change and denying the changes suggested, fearing to grant powers so great as those demanded by the Constitution, yet fearful of a total rejection. The Antifederalists were forced on the defensive, if not ratification, then what?