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Origins
Continued from page 5
nationhood, and foresaw that few presidents would be entirely adequate in both roles. Hamilton believed this to be an intrinsic flaw in the presidency, and thought Washington should remedy the problem by following the British example. That is, Washington should fill the symbolic role and turn the running of the government over to a cabinet headed by a “prime minister,” namely Hamilton himself.
Jefferson thought Hamilton’s idea would amount to a return to monarchy and fiercely opposed it. Jefferson saw no reason why the president could not play both roles satisfactorily, and in fact when he became president he did so with consummate skill — but he was one of the few who could.
Washington steered a middle course. He rejected Hamilton’s posiF
& M dividend
The Board of Directors of F & M National Corporation declared a regular first quarter cash dividend of 12 1/2 cents at its meeting Feb. 8.
The dividend is payable March 27 to stockholders of record as of Feb. 24.
96.3%