The Fairfield herald. [volume] (Winnsboro, S.C.) 1849-1876, 1867-12-11
Continuation of tho Messaga.

of being. tried himself for the offence of |
slandrring MS. suborIinatcs 2 In tho
present circumstances OF the country,
some one must be held responsible for
Official delinquency oil every kind. 1t
Is extremely difficult to say where that
responsibility should be thrown, if it be
not left where it has been placed by the
Constitution. BuL all Just men Will
;.dmit that the President ought to be
entirely relieved from such responsible
~, II he cannot meet it by reason Of
restrictions placed BY law upon his ac-
ton.
The unrestricted power Of removal
from Office 10 very great one to be
trusted even to 4 Magistrate chosen by
the general suffrage of the whole peo.
pie. and accountable directly to them
for his acts. 1T is undoubtedly liable
to abuse and at some periods OF our
history perhaps has been abused. If it
be !lioLglt desirable and constitutional
that il sloul bc so limited rs to make
tho President merely a common inform
or against other public agents, he should
ut least be permitted TO act in that ca
pacity before some open tribunal, mdc-
pendent Of party politics ready to III.
ves!igatc the merits Of every case,
furnished with the mean Of taking evil
dence, and bonnd to decide according to
established rules THIS would gnaran-
tee the safely Of the accusrr when he
acts in good faith, and at the same time
secure the rights OF the other party. I
speak of course "ilh alt proper re-
spec, for the present Senate, but it. does
not seem to me tl.at amy Legislative
body can be so constituted rs TO- in
sure lis fitness Tor these functions
1t is nyt the theory OF this Govern.
menl 'ha, public Offices are The pr>
pcr,v OF those who hold them. They
arc given merely as a trust for the pnb.
lie benefit sometimes for Il fixed period,
sometimes during good behavior but
generally they arc liable to be tcrmna.
ted at tho pleasure Of The appointing
power, which represents the collective
majesty and speaks Tic will Of the pro.
pie. Thr forced retention in Office OF a
single dishonest person may work great
injury to the public interest. The dan.
ger to the public service comes not from
The power 10 remove, but from the pow.
or 10 appoint. Therefore il was tha,
power of removal unrestricted, while
they gave the Senate right TO rcicc
all appointments, which, in its opinion
were not tit to be made. \ little rcllec
ton on tins subject will probably salts
ly all who have The good Of the countr,
nt heart that our best cuuisc is to tax,
the Constitution for our gmdr. walk il
the path marked out by The founders 0
the Republic, aud obey the rules mad
sacred by the observance Of our grca
predecessors.
RESUMPTION OF SPECIE PAYMENT RE
COMMENDED.
The present condition Of our finances
aud circulating medium IL ono 10 whc
your carly consideration is invited.
The proportion which tho currency O
any country should bear to the who'll
value Of the annu' produce circulate,
ny It's means is question upon whici
political economists have not agreed. =
Nor can it be controlled by Legislation
bat must be lcit to the irrevocablc law
Which everywhere regulate commcrc
and trade. The circulating medium wi
ever irrcsistibly llow to those point
where 1t is in the greatest demand. Th
law of demand and supply is rs nncrr
ing as that which regulates the tides 0
ihr ocean; and indeed currency, hk,
the tides has its chbs and flows through
out the commercial world
At tho beginning Of the rebellion th
bank note circulation Of the countr,
amounted to not much more than tw,
hundred millions of dollars now th
circulation of National Bank notes an,
those Enown rs illegal tender" is ncarl,
seven Hundred millions. While it /
urged by some that this amount shout
he increased, others contend that u de
cdcd reduction is absolutely essential t,
the best interest Of the country. II
view OF these diverse opinions, /, may be
well TO ascertain tho real value OF on,
paper issues. when compared with (
metallic or convertible currency. Fol
this pnrposr, let us inquire how mucl
gold and silver could DO purchased by th,
seven hundred millions OF paper none,
now III circulation? Probably 10. NOR;
''''' ''h'' ''iC DI INC EIllCt-
showing thnt when our paper currency
's compared with gold and silver its
commercial value is compressed into
three hundred and fifty millions. This
striking fact makes 1t the obvious duty
OF the Government, rs early as may Bt
consistent with the principles Of sount
political economy, to take such measure.
as will enable the holder Of its note.
and those OF the National Banks tc
convert them, without loss, into spcci,
or its equivalent. A reduction Of on,
paper circulating medium need moi
necessarily follow. This, however
would depend upon the law of demand
aud supply, though it should be borne
IN mind that by making lcgal-tcndcr
and bond notes convertible into col
or its equivalent their present specie
value in the hands Of their holders
would be enhanced ono hundred nc,