ution has placed it——with the immediate representatives of the people. for similar reasons the mode of keeping the public treasure should be prescribed by them， and the further removed it may be from the control of the executive the more wholesome the arrangement and the more in accordance with republican principle.
connected with this subject is the character of the currency. the idea of making it exclusively metallic， however well intended， appears to me to be fraught with more fatal consequences than any other scheme having no relation to the personal rights of the citizens that has ever been devised. if any single scheme could produce the effect of arresting at once that mutation of condition by which thousands of our most indigent fellow-citizens by their industry and enterprise are raised to the possession of wealth， that is the one. if there is one measure better calculated than another to produce that state of things so much deprecated by all true republicans， by which the rich are daily adding to their hoards and the poor sinking deeper into penury， it is an exclusive metallic currency. or if there is a process by which the character of the country for generosity and nobleness of feeling may be destroyed by the great increase and neck toleration of usury， it is an exclusive metallic currency.
amongst the other duties of a delicate character which the president is called upon to perform is the supervision of the government of the territories of the
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