The rural States of Virginia, North Carolina, and South Carolina did
not adopt the new frame without a struggle. Georgia was a Southern
exception; but population dwelt so exclusively along the coast in the
new State of Georgia that it was really a commercial State, settled
largely by New Englanders.
The mercantile class of the Northern and Central States, after Anti-
Federalism had been silenced by the success of the new Government, was
ready to adopt the theory of loose construction or interpretation by
inclusion, which would tend toward the realisation of a more potent
union. At the same time, a bank, supported by the patronage of the
National Government, with no danger of competition for twenty years,
offered not only a security for capital against such dangers as it had
previously known, but also, through its branches, an extended agency
for transacting business. Many details of the bill, such as the
advantages given to holders of national rather than State certificates
in subscribing for stock, contributed to the sectional division. The
national certificates were held in the commercial centres.
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