The O1d Federal spirit.-sinee the nan
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Inc Old Federal Spirit.-Snce the name of Federalists has become so unpopular with the great mass of the people, it is well known what abhorence the present Whig party evince, when they-are reminded of their for mer title. They would shake it of, as they would the touch of a poisonous viper. But, at times, their natural instincts betray their discretion, and the old leaven works up in a manner not to be mistaken.

 For example, the Richmond Whig, of Oc- tober 23d, an acknowledged organ of Henry Clay, is out in defence of Alexander Hamil- ton, against the charge of Jefferson that fia- milton was inclined to establish monarchy Ill this countryl After stating this, it is hardly necessary to add, that the article also contains filings and inuendoes at the memory of Jefferson. We confess that at this day we were surprised to see, even in Whig paper a labored palliation of Hamilton's Englsl, principles. In the Northern States, it is not denied that Hamilton was decidedly in favor of the United States Senators Aoldiag for life. And this monarchical doctrine was on ly ill consonance with the high-toned notions of government which he openly held. The concentration of his system seemed to be-  that the People were made for the Govern ment, while with far reaching sagacity and patriotism, Jefferson assumed the fundament- al principle of American Democracy, thai Government was made only for the People The Federalists gloried in Hamilton, as theil great champion, while Jefferson gradually drew around him the hearts of the American people, by the freedom and moral beauty ol his principles, under the unpretending name of Democrats. And to this day, admiration of Hamilton, or of Jefferson, draws the line between the true Federalsts and the true De- mocrats of this country.

 This defence of Hamilton's ultra notions in the Richmond Whig, is the more worthy of notice, because the editor continually af- fleets not to agree with Hamilton's political opinions; but under the circumstances, this disclaimer only manifests that he is fully aware that in the present era of human pro- gress, 1t would not be safe to outrage public sentiment so far as to be the avowed advo- cate of the ultra doctrines of Alexander Ha- milton.

 We would point the Democracy to these indications, as unerrlng tests of the secret bias of the Whig leaders, and the confidential or gans of the Clay party; and we may properly add that these lessons are, at this time, the more appropriate, as the old opponents ol Jefferson are making the most serious efforts to assume the name of Democratic Wings.

 .al6aay Argus