The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1867-12-10

Nuu NAV even come 20 tie HAE4ltieFN.E
meritorious II the oilietr Do accused
n dishonesty. hov shall it be made ont
VII It T., inferred from acts nnouunoc-
tod with tbc public duty, from private
history. or nom general reputation or
must sho President await the c9mmis-
iau ol an actual m.~slouieauug IA office 2
Shall Be 10 the meantime risk the char
..rter sid interests 81 the nation IN the
hands ~ men 10 whom be cannot give
hrs co6dence Must be foreboar his
complaint until the mischief Is done
And cannot b. prevented II his gal
ih tie public service .hnnld impel him
10 anticipate tbe overt act, must le
move al the peril Of being tried him
self for the offence q s'anaering bis
subordinatey Ia the present circum-
stances of the country, some one must
be held responsible Tor official deiin-
quoucies u every kind; il il extremely
difficult TO say whore the responsibility
should be thrown II Il be not left where
it has been placed by the Constitution,
bat al just men WI admit that the
President ought 10 be entirely relieved
from such responsibility, If he cannot
meet It by reason Of restrictions placed
~ law upos his action The unrustric-
ted power Of removal from Office IL a
very great ono to be trusted 20 a mag
istrate chosen by the general suffrage
Of the whole people aud accountable
directly 20 them for his acts 1t is an
doubtedly liable 10 abuse, and at some
periods Of our history has been abused
II il bo thought desirable and constitu-
tional that it should be so limited as 60
make the President merely common
informer against other pubic agents,
be should at least be permitted TO act
IN that capacity before some tribunal
Independent Of party politics, ready to
investigate the merits OF every case,
furnished WITH the means OF taking eyi-
dence, and bound to decide according
to established rules. This would guar
sntee the safety OF tho accuser when hc
acts in good f,tith, aud at the same time
secure the rights OF the other party ]
speak, OF course with all proper respec;
for tho present Senate, but 1t does not
seem to me that any Legislative body
can be so constituted as to insure Its
itnuss for those functions 1t il not the
theory OF this Government, that public
Office are the property OF those who hold
hem. They are given merely as trust
for public benefit, sometimes for fixed
period, sometimes during good be-
ihayior, but generally they are liable tc
be terminated at the pleasure Of the
appointing power, which representa-
the collective majesty and speaks the
will of the people The forced reten-
ZION Of Office by single dishonest per
son may work great injury TO the pub.
lie interests. The danger TO the pub.
lie service comes not from Che power
to remove but from the power to up,
point; therefore it was that the trainers
Of the Constitution left the power o.
removal unrestricted, while they gave
the Senate right to reiec oil appoint
ments which in it's opinion were not fl
to be made. A little reflection on this
subject will probably satisfy all who
have the good Of tho country at heart
the our best course is to take the Con
stitution for our guide, walk in the path
marked out by the founders Of the Re
publid, and obey The rules made sacred
by the observance Of our great pre-.
decessors.
FINANCIAL MATTERS.
The present condition Of our Gnan.
ces and circulating medium is one &c
which your early consideration is inyi
ted. phe proportion which the cur
rency Of any country should bear to the
, whole value OF the annual products cir
culated by its means is a question upon
whibL political economists lave moi
agreed. Nor can it be controlled by
Legislation, but must be left to the ire
yocable laws which everywhere regu
late commerce and trade The circu
lating medium will ever irresistibly flow
to those points where it is III Creates
demand The law of demand and sup
ply is as unerring as that which regu
lates the tides Of the ocean, and, indeed
currency, like the tides, has its ebbi
and flows throughout the Commercial
world, At the beginning Of the robel
lion the bank note circulation Of th,
country amounted to not much nor,
than two hundred millions Of dollars
Now the circulation Of National Banl
notes, and those known as legal ten
ders, is nearly seven hundred millions
+ while it ig urged by some that thii
amount should be increased, others con
tend that a decided reduction is ALSO
lutely essential to the best interests o
tho country. In view of these divers,
opinions it may be as well to ascertain
the real value OF our paper issues whei
compafed with metallic or convert
bic currency. For this purpose, let n
inquire how much gold and silver coulC
be purchased by tho seven hundret
millions'of paper money now in circula
ton; probably not moro than half tn,
amount Of the latter, showing tina
when our paper currency is compared
| with gold and silver its commercial val
ue is compressed into three hundred
aud fifty millions. These striking fact
make it the obvious duty of the govern
ment as early as may be consistent viii
the principles Of sound political ecopo
q