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The open question, as Pocock suggested,<ref>Pocock, (1972)</ref> of the conflict between personal economic interest (grounded in Lockean liberalism) and classical republicanism, troubled Americans.  [[Thomas Jefferson|Jefferson]] and [[James Madison|Madison]] roundly denounced the Federalist for creating a national bank as tending to corruption and monarchism; [[Alexander Hamilton]] staunchly defended his program, arguing that national economic strength was necessary for the protection of liberty. Jefferson never relented but by 1815 Madison switched and announced in favor of a national bank, which he set up in 1816.

The open question, as Pocock suggested,<ref>Pocock, (1972)</ref> of the conflict between personal economic interest (grounded in Lockean liberalism) and classical republicanism, troubled Americans.  [[Thomas Jefferson|Jefferson]] and [[James Madison|Madison]] roundly denounced the Federalist for creating a national bank as tending to corruption and monarchism; [[Alexander Hamilton]] staunchly defended his program, arguing that national economic strength was necessary for the protection of liberty. Jefferson never relented but by 1815 Madison switched and announced in favor of a national bank, which he set up in 1816.

[[John Adams]] often pondered the issue of civic virtue. Writing [[Mercy Otis Warren]] in 1776, he agreed with the Greeks and the Romans, that, "Public Virtue cannot exist without private, and public Virtue is the only Foundation of Republics."  Adams insisted, "There must be a positive Passion for the public good, the public Interest, Honour, Power, and Glory, established in the Minds of the People, or there can be no Republican Government, nor any real Liberty. And this public Passion must be Superior to all private Passions. Men must be ready, they must pride themselves, and be happy to sacrifice their private Pleasures, Passions, and Interests, nay their private Friendships and dearest connections, when they Stand in Competition with the Rights  

[[John Adams]] often pondered the issue of civic virtue. Writing Mercy Otis Warren in 1776, he agreed with the Greeks and the Romans, that, "Public Virtue cannot exist without private, and public Virtue is the only Foundation of Republics."  Adams insisted, "There must be a positive Passion for the public good, the public Interest, Honour, Power, and Glory, established in the Minds of the People, or there can be no Republican Government, nor any real Liberty. And this public Passion must be Superior to all private Passions. Men must be ready, they must pride themselves, and be happy to sacrifice their private Pleasures, Passions, and Interests, nay their private Friendships and dearest connections, when they Stand in Competition with the Rights  

of society."<ref>Adams quoted in Paul A. Rahe, ''Republics Ancient and Modern: Classical Republicanism and the American Revolution. Volume: 2'' (1994) P. 23.</ref>

of society."<ref>Adams quoted in Paul A. Rahe, ''Republics Ancient and Modern: Classical Republicanism and the American Revolution. Volume: 2'' (1994) P. 23.</ref>