Refer to the passage. Jefferson objected to Hamilton's financial plan primarily
because
It was not 'till the last session that I became
unequivocally convinced of the following truth"That Mr.
Madison cooperating with Mr. Jefferson is at the head of
a faction decidedly hostile to me and my administration,
and actuated by views in my judgement subversive of
the principles of good government and dangerous to the
union, peace and happiness of the Country."
Mr. Jefferson with very little reserve manifests his dislike
of the funding system generally; calling in question the
expediency of funding a debt at all. ... In various
conversations with foreigners as well as citizens, he has
thrown censure on my principles of government and on
my measures of administration. He has predicted that
the people would not long tolerate my proceedings & that
I should not long maintain my ground. ... In the question
concerning the Bank he not only delivered an opinion in
O it placed the location of the nation's new capital in
New York.
O it failed to assume state debts incurred during the
revolution.
O it increased the power of the federal government
O it favored the interests of southern farmers over
northern businessmen.