PRESIDENT'S MESSAGE. leitote Citizen* 0/ /he Senote cml House ! •./ Repren ib-tlves ; The continued disorganization uf the Union, to which the ITeeideut has so often culled the attention of Congress, j i yet a subject of profound and patriot ic concern. We may, however, find sime relief from that anxiety in the re flection that the painful political situa tion, although before untried by our selves, is not new In the experience of nations. Political science, perhaps, as highly perfected in our own times and country as in any other, has not yet dis covered any means by which civil wars can be absolutely prevented. An en lightened nation, however, with a wise and beneficent Constitution of free government, may diminish their frequency and mitigate their severity by directing all its proeeedWigs in ac cordance w-:h its fundamental law. ltecoiutruction. When a civil war has beeaa. brought to a close, it is manifestly the first in terest and duty of the State to repair the injttrie which the war has inflicted and Pi secure the benefit of the lessons it teae'usßß- fully and as speediljj -i'.ie. Tiii-'duty was upon the tertd ination of tb* rebellion promptly eaee was believed . > be as easy and certain - It was in spensabfe. The expectations, howev er. shen so reasonably and confidently entertained, were disappointed by leg islation from which I felt cohstr.dne 1, by my obligations to the Constitution, to withhold my assent. It is therefore source of profound regret that in com niying with the obligation imposel up .: d still greater calamities. It was or dained not only to form a more perfect Union between the States, but to "estab lish justice, insuredomestic tranquility, provide for the common defence, pro mote the general welfare and secure the blessings ofliberty to ourselves and >ur jxsterity." Nothing but impli cit obedience to its requirements in, all uf the c-'intry will aocoiupii-h these great ends. Without that obedi .ince. u can Ick forward only to con tinual outrages upon Individual rights, Lm —ant breaches of the public {seace, ■ .uiouai weakness. financia' dishonor, • tonil los of our prosperity, the gen ial corruption of m >rals ani the final 1 Mtinetion of popular freedom. To ve our country from evils so appal ag as these we shoo id renew mr etforts in and again. To me the pre •f restoration ms perfectly plain id simple. It consists merely in a ithful application of the Constitution aid laws. The execution of the laws not now obstructed or opposed by iv-i'-al force. There is no military r other necessity, real or pretended, hich tan prevent obedience to the institution, either North or South. All the rights ami ail the obligations •f States and individuals can be pro • ctedand enforced by means perfctly •nsistent with the fundamental law. The Courts may be everywhere open, if open, their proces- would be un :mpeded. Crimes against the United - .'ie can he prevented or punished by the proper judicial authorities in a maa ner entirely practicable and legal.— T. -re i-. therefore, no reason why the ' :;?titution should not be obeyed, un - those who exercise its powers, have determined that it -hall be disre garded and violated. The mere naked •■ill of this Government, or of soute •ne or more of its branches, is the only bstaele that can exist to a perfect u aion of all the State- on this momen tous question. On some of the meas ures growing out of it. I have had the ratefortune to differ from Congress, and have expressed my convictions with out reserve, though with bo oming de ference to the opinion of the legislative L>epartment. Those convictions are not only unchanged, but strengthened '. y -üb-i*quent events and further re flection. The transcetelent iinportauee of the subject will lie a -ufficient excus for calling your attention to route of the reasons which have -o strongly in fluenced my own judgment. The hope that we may all finally con cur in a mode of settlement consistent at once with our true interest and with our -worn duties tc the Constitution, is i < natural and too ju-t to be easily re linquished. Itiseileartomy appreh- n -icai >hat the Mates lately in rebellion ..re still members of theNatiou-d I nioa. When did they cease to be no? The - ordinances of secession," adopted by.-. jh rtion. in most of them hy a very small jortion of their citizens, were mere nuilitie-. If *ue adroit now thai they were valid and effectual for the pur po-e intended by their authors, we -weep from under our feet trie wh< lie ground upon which we justifieiving it. Tic victory of the na •*s arms was not the disgrace of her I y. The defeat of secession on tiie aitie-fiekl was not the triumph of its v. principle: norroofai Congre-s, h or without the consent of the E.\- do anything which wonld h iv.- the effect, directly or indirectly, - ; t rating States from each other, o —olve the Union is to repeal the •u-titutioo which hold- it togette-r, .d that is a power which di>es not >ug to any uepartment of this Gov et men t, or to all of thtrn united.— is plain that it has been ■■- j DrBBOEEOW 4 L!"TZ Editors and Troprletors. | knowledge* 1 by all btanches of the Fed . oral Government. The Executive, my prede - -or es v. If as Myself, 1 and the heads of all the departments, have uniformly acted ujK'n the principle that the Union is not only uudi solved, butbidis-olubSe. Coagrrs- -übmittedan amendment of the Con-tltution to be ratified liy the South rr State-, aud ac j eepted their a -ts of re? ideation as a nec | esssary and lawful exereisg of their brgh j est function. If they were not States, i or were States, rait of th<> Union, their j consent toa change in th-* fundameutal ] law of the Union would have Uen nn | gatory and Congre--In editing it cn:.- j mitteda politiciti nb- ardft.v. The Ju ' dietary Itss also given t ':e solemn mne | tletent parts of the Union, the CViistitution is the supreme Uw for theni, lis it is for ail the other States. They are bound to obey it, and .-o are ne. The right of the Federal Govern ment, which is clear and nnqnestiona b!e. to enforce the Constitution upon them, impliestiteorrelariveobligation ■ on our part to observe its limitations j and execute its guarantees. Without '< j the Constitution weare nothing. By, j through and uwler the Consiiunion we ' are what it makes us. We may doubt the wisdom of the law ; we may not ap | prove of its provision#, but we can: it | violate it merely because i; -eetns to j coutineour powers within limits rar j rower than wec< u!d wish. It is not a i ; question of individual or class or sec- ! | tional interest, much les- of ] trty pre dominance, hut of duty, of high ani, sacred duty, which we are all sworn to j perform. If weeannot -upj-.rt the Constitution ! with the cheerful alacrity of the-,- who i ; love and believe in i;, we must give to I it at lea.-? the fid THy of public servants ' who act under solemn obligations and j command-- which they dare* rot di-re- ; I gard. The constitutional duty Is n ! , the only one which requires the SU::-* to be restore*!. There i.-aufrflu rcun-id eration, which, though of rain rim- portance, is yet of great weight. u!d be ! conducted soldy f-.r the purpose of preserving the Union and maintaining the supremacy of the Federal Consti ; tutiu and laws, without iuipairing j the dignity, equality and right- of the 'States, or of individuals, and t! . ? ' when this was done, the war -hould | cease. Ido no? say that thi- declara tion i- personally ( imlingon th -ewho join t—l lii making i? any morctiian in dividual member- of Congr- -- are p r sonaily bound to pay a public debt (-re lated under a law for vrhteh they vote l. But it wa- a - >letnn puiclc ftfi.a.d ' pledg>s ofthe national honor, and I can- J .not imagine uj qti what gr*;utS< the! repudiation oftt is to be j..-tit', u, jf be remembered that tit--' pr nnLs- was i r. it made to Rebels only. Tb -unds 1 of true men in the rsoulli werfe drawn : to our standard by it. and hunure U of i thousands in the North gave their' ■ lives in the belief that it would io ear fried out. It was ma o day af-! ter the first great battie of the war io. i ; been tought arei 10-r. All patriotic j . and intellic'-nt men then -aw th** ne-' ' •'—sty of giving such an assurance, and 1 believed that vnthout it the war a iid , end in di-aster to our cause. Having given that a—urae s. i: : the extremity ! of our pt-ril, the violation of it IVJ\V in , the day of our power, would be a rude rending of the: good faith which holds ! • the moral world togeth -r; our ; -usury j would cease to have anv claim Bp D . ' the confidence of in-.-;:. It would make i the war not oniya Mere but a fraud. ; i Being sincerely convinced that these view- are eorre-e?, I would b'- unfaith ful to my duty if I did not recommend the refieal ofthe acts of Congress which place ten of the Southern Stales under the domination of military rna-t-r-. If caim reflection sitali satefy a inaj->ri tv of your honorable b* lies that the acts referred to are not only a violation of the national faith, iiu* in direct con flict with the Constitution. I dare not permit my-elf to dot; t that you will • immediately strike themfroni th stat ute book. To demonstrate the unootl stitutionai eharui-ter of thc.-se nets I need do no more tlcm refer to their general provisions. It ants', be se:*u at once that they are not authorized to dictate what alteratkais -hali in- made in the Constitutions of the -cverai rotates, to antral trie elections of State Legislator- andstat - oil: ■ r-, menkwrs >f Gongre-ss. arid elector- of Prt stdi ot and Vice ITesident, by jridtrariiy d - j claring who shall vot- and who shall be excluded from that privilege, to dissolve .State Legislatures < r pr-v it them from amembiiug; to dismL— judge-and other civil fan<'ti -naries of 'i the s(atp.. and appoin others, without regard to suite laws: ?*> organi> and operate all the j- diticai rna -iiin ery of the tales; to re-gulate the who! j administration of their domestic and i local aflitirs according ■. she mere will . of Strang* and irr* -; - ; g*.rm sent among them for that purpose ; these are powers not granted to tise : Federal Government or to any one of its branches. Not being granted, we ■ violate them In tin fare- of a positive interdict, for the Constitution forbids i u- to do whatever it doe- not affirma tively authorize either by express words or by clear ImpHnfios. If the i authority we desire to ttse d>jta not . come to us through the CvosU'.ir.eir. -.*• '■ can exercise it f r;y by u.-arpat! n : and i usurpation Is the most dangerous >f j p Litieal crimes. By t'o.t crime, the ■ enemies of free goverr.ment in ail sgt-s j liave worked out their design- ag.c.nsi public liliertv and private right, it i leads directly and immediately to the I establishment of absolute rub.*; for j power yiiuiitsiitlHl land unrestrained. T.. . -of Conr i greas in quo-stiou are not ou'.y ob. j tioaable tor their assumption of uto • granted power, but i . n.. >f :leir i >- j vi-i ,'.r" in re;nflic w.th the dire-ct {prohibition- of the < e.. ci. ii j Coostitstion (xwuaajvb that a repohli | cnij fcrm of gqvi-ro: • guar anterel to aii the -. muton txr i -<>!: shall be deprivv-l <*t life, liberty or property withtmi due process of law, i arrested withtait a judicial warrant, or 1 puhhd wittioui a fair trial before i aii impartial jary*. that the privileg-: |of kabcx* oorpttt shall not be dested in | time of peace, and tlv.it no bill of u*- j tainder shall be passed even against a A LOCAL AND GENERAL NEWSPAPER, DEVOTED TO POLITICS, EDUCATION, LITERATURE AND MORALS single individual. Yet the syetetn of measures established by acta of Congress floes totally snbvert and de i stroy tie* form as well as the substance of republican government ia the ten •State.- to which they apply. It hi ads th'*; hand and foot in absolute slavery ; ; and -tibjfvts them to a strange and j hostile power, more unlimited and ' more likely to be than any oth • er now known among dviliaed "men. I ; It tramples down all those rights in ; ; whieh the e-svnee of liberty consists ! W'hl ha free government is al-] ways most .ureful kj protect. It de- I ohw the heb m corpus aud the trial by i jury. Per-mal fn-edom, projs rty and ' tif*. if as-ailtsi by the pa-sien. the pre judice or the rapacity of the ruler, have no security whatever. It has the ef | feet of a bill of attainder or bill of pains . and jienalties not upon a few individu | als, but upon whole masses, including 1 the mi lions who inhabit the sub ject States, and even their unborn chil dren. These wrongs being expressly for i bidden, cannot be constitutionally In- ' dieted upon any jortion of our people, ■ i no matter now" they may have come j ' within our jurisdiction, and no matter ! : whether they live in .States, Territor ies or districts. I have no desire to I -ave from the proper and just conse- j j quences of their greaf crime those who J 'engaged in rebellion against the Gov ernment. But as a mode of punish ment, the m j- ures under consujera- I tion are the niost unreasonable that i could Ive invented. Many of th<>se | ieople are perfectly innocent; many ; keep their fidelity to the Union uti- j ; tainted to the h*.-t; many were inc-a , pable of any legal offence; a large pro !>ortion even of the persons able to j i bear arms were forced into rebellion i i iigaiusi their will, and of those who I •re guilty with their own consent, the : degrees of guilt are as variou- as the j : -hades of their character and temper. ! lint tiic-se aei- of Gongre-s confound themall together, in one common doom. \ Indi-eriminate vengeance upou das- i sea, sects and parti: - or upon whole i < ommuni:;*--. for offences rearamitted . iy ti ;eai:;-t the ' governments to - which they ov 1 oltedience, was corn-' aiou .u i i:ur: ar '.:-age- >f the world. I But * "hri-1 -iity and civilization have * made such progt -s that recourse to a nuntskniuat cruel and unjust would \ iu-.vt with the condemnation of all uu- j prejutlicv-.i . i right-minded men.— j The puuiti l •* justice of this age, and j especially of this ->un:ry, does not eon- i -i-t in -tri: ; iug whole states of their j I liberties and reducing all their people, j without dis'.ia ion,to thp condition j of slavery. It deals separately with t each individual, confine- itself "to the j forms of fiw, and vindicates its own parity by an impartial examination of every case M-fore a eomjietent judicial j '.ributial. If thi- does not satisfy -all ! r desir - with regard to Southern i-tebeis. iet us coti-oie ourselves by re*- j i' ting that a free Constitution* tri- i umphant in war, and unbroken in • peace. Is Worth far mure, to us and our ] '.-:iii'ti**-i t!u-... il* grattncalion or any pre-*, nt ling. lam aware it is a.-- I -um-'l t: at this system of government j .-th 8 itiu ra >'- is not to be per- j pettuti. iti- true this Milimry Gov ernment is to be only provisional, but j through this temporary evil that a j greater evil is to be made pertteiuaL— j if theguarntee- of the Constitution can broken, pre visionally, to -erveatetn i very j urp .—:*, and in a part only of the country, we can destroy them ev- j .ryvvhere and f r all tim . Arbitrary • rally change far tte* It Is the i i*urs; of desp eisin that it has n halt- : ing place. The intermitted exercise of J : *;- power '.rings no s-cmeof security to | it- -tihJect-, fur they can never know | wl'at more they will be called to endure when its red right hand is armed to ! plague them again. Nor is it possible :u <- mjecture how or where power, un-' rcstrainetl by law, may seek it- next victim. The .Suites tliat are still free, : may b-enslaved at any moiueut, for,; , if iiieConstitution does not protect all, i: protects none. It is manifestly and avowedly toe object of the- laws to <* >nfer s'pa negroes the privilege of voting and to disfranchise such a nam* oertjwbi-.e dtlzeas as will give the ' former a el ear majority at ail elections in the s >utherii ritatcs. This to the minds of aotne per-ons, is so importaiit that a violation <>f the Constitution is •justified as a means of bringing it a- ! j bout. Xe'jro Suffrage. Th * morality is always false whieh ' excu.-e- a wrong b- cause it proposes to accomplish a desirable end. We are i not permitted to do evil that gol by act of l ingre-'-, atsd in * j 1 miHiary'ofli'.ser* were commanded t \ ; superintend the process of clothing tt j gro rut-" ith • ■ lit; .-.1 privileges torn from white m a. The idac-k-in the South are entitled t > bo well and humanely govenied,and j to l ave the protection ofjust laws for 1 all ticir rights of person and property., If ii v. -re j ra. ie.-bk: at this time to! give then) a government exclusively j Their own, under which they might manag* :he;r owe affairs in their own way, it would become a grave ques- j ; untry. Would such a ; trust and js.wer be safe in such hands? The peculiar qualities which should chw'-rsze any peqlt* who are fit to f ' : **i ?n<* 'management of pub ;i .. r - a great s* * ate have sciuotti U *•.) e>ntbin:-d. It is the glory of white men to know that they have had i qualities in sufficient liu e-urt* to bmid uyin this continent a great j-> j iiti al foi rie and to preserve its stabili-' t " for more than ninety y.-ars. while in ' ry other jrt of the world ail simil- ) ar experiments have failed. But if i BEDFORD. Pa.. FRIDAY. DECEMBER 13. 1867. ! anything can be proved by known facts, if all reasoning upon evidence is not abandoned, it most be acknowledg ed that in the progress of nations ne . rroes have shown less capacity for gov ernment than any other race of people, i No independent government of any , form has ever been successful in their : hands. On the contrary, wherever they have been left to their own devi ' eas they have shown a constant tenden cy to relapse into barbarism. In the Southern States, however, Congrses has undertaken to confer upon them -he privilege of the ballot. Just re leased from slavery, it may be doubted | whether, as a elas-, they know more than their ancestors, hov to organize ; and regulate civil society. Indeed, it is admitted that the biaete of the South ire not only regardless of the rights of i property, but so utterly ignorant of ; public affairs, that their voting can con sist of nothing more thtn carrying a : 'ollnt to the"place Where they are di rected to deposit it. I need not re mind you that the exercise of the elec •' tive franchise is the highest attribute : of an American citizen, and that, when guided bv virtue, intelligence, patriot ism, and a proper appreciation of our free institutions, it constitutes the true basis of a democratic form of govern ment, in which the sovereign power is lodged in the body of the people ; a trust artificially created, not for its own -ake, but solely as a means of promot ing the general welfare. Its influence for good must necessarily depend upon the elevated character and true alle giance of the elector. It ought, there fore, to be reposed in none except those who are fitted morally and mentally to administer it well; for. if conferred upon persons who do not justly esti mate its value, and are indifferent as to its results, it will only serve as a iSaans of placing power in the hands of the unprincipled and ambitious, and must eventuate in the complete de struction of that liberty of which it shoaid he the most powerful conserva tor. i have, therefore, heretofore urged upon your attention the great danger to be apprehended from an untimely extension of the elective franchise to any new class in our country. espec ially when the large majority of that (-la--, in wielding the power thus plac ed in their hands, cannot be expected correctly to comprehend the duties and responsibilities which pertain to suf frage. Yi-terday, as it were, four mil lions of persons were held in a condi tion of slavery. that had exi-ted for generations. * To-day they are freemen, and are assumed by law to be citizens. It cannot be presumed, from their pre vious condition of servitude, that, as a class, they are as well informed as to the nature of our Government as the intelligent foreigner who makes our land the home of his choice. In the case of the latter, neither aiesidenceof rive years, and the knowledge of our in stitutions which it gives, nor attach ment to the principles of the Constitu tion, are the only conditions upon which he can I*? admitted to eitizen £2d nmralThanwreT; reasonable ground for the belief that he will be faithful to the obligations which he assumes as a citizen of the Republic. Where a people, the source of all political power, speak, by their suffrages, through the ballot-box, it mu-t l>e carefully guarded against the control of those who are corrupt in principle and enemies of free institu tion-. for it can only become to our po liti L! and social sy-ttm a safe conduc tor of healthy popular sentiment when kept ft. • from demoralizing influences. Controlled through fraud and usurpa tion, by the designing. anarchy and despotism must inevitably follow. In the hand* of the patriotic and worthy our Government will tie preserved up on the principles of the Constitution inherited from our fathers. It follows, therefore, that in admitting to the bal lot-box n new Ha—of voters not quali fied for the exercise of the elective fran , we weaken our system of govern ment instead of aiding to its strength and durability. I yield to no one in alt t -htricnt to that "rule of general suf frage which distinguishes oar policy as a nation. But there is a-limit, wisely ob- rved hitherto, which makes the ballot a privilege aud a trust, and which requires of some classes a time -uitabie for probation and preparation. To give it indiscriminately to a new clas-, wholly unprepared by previous habits and opportunities to perform tlie tru-t which it demands, "1- to de gra ie it and fin ally to destroy its pow er, for it may be -afely assumed that no i*>liticai truth is better established than that such indiscriminate and all . mbra -ing exten-ion of popular suf frage must end at last in its overthrow and destruction. I rej>eat the expression of my will ingnes- to join in any plan within the scope of our constitutional authority, which promises to better the condition fth negroes in the South by encour aging them in industry, enlightening their minds, improving their morals, and giving protection to a'! their just right- as btit the transfer of our political inheritance to them would, in my opinion, bean abandonmeot of a duty*which we owe alike to the memo ry of our father-aud the rights of our children. The plan of putting the Southern States wholly, and the Gen eral Government partially, into the hand-of negroes, i- proposed at a time peculiarly unpropitious. The founda tions of society have been broken up by civil wan industry must beres-ognized; ju-tice re-established; public credit maintained, and order brought out of confusion. To accomplish these ends would require all the wisdom and vir tue of the great men who formed our institutions originally. I confidently believe that their descendants will be equal to the arduous ta-k before them, but it i- worse than madness to expect that the negroes will perform it for us. C rtainly we ought not to ask their a— ; s: stance until despair of our own competency. The great difference be tvvi-cu the "two races in physical, men tal and moral characteristics will pre vent an amalgamation or fusion of them together in one homogeneous mas-. I f the inferior obtains the ascendancy over the other it will govern with ref erence only to its own interests, for it will recognise no common interest, and ate such a tyranny as this continent i - never yet witnessed. Already the r;"greets are influenced by promise of •ouf-ration and plunder: they are taught to regard as an enemy every white man who has any respect for the right- of his own race. If this contin ues it must become worse ami worse, until all order will be subverted. all in dustry cease, and the fertile fields of the South grow up into a wildernes*. e stKVes-fullv oppusrd. Bvcry weaker pit--.ion will disappear before that love of liberty and law for which the Ameri can people are distinguished above ail others in the world. Duty of" tit* l^rtsidatl. How far the duty of the President to preserve, protect aud defend the Con stitution requires him to go in oppos ing an unconstitutional act of Congress, is a very serious and important ques tion on "which I have deliberated much and felt extremely anxious to reach a proper conclusion. Where an act has been pa"? civil war, and civil war must be resor- • ted to only as the last remedy for the worst of evils. Whatevef might tend to j provoke it should lie most carefully j avoided. A faithful atd conscientious magistrate will concede very much to honest error, and something even to personal malice, before he will endang er the public peace; and he will not adopt forcible measures, or such as ■ might lead to force, as long as those which are p-aceable remain open to hiin or to his constituents. It Is true that cases may occur in which the Exe i eutive would be compelled to stand on YOLCUS <0: SO. 49. fits own rights ami maintain them re j gam teas of all eonaeqnenoes, if Congress i uhould pass an act which is not only in palpable conflict with the Constitution but will certainly, if carried out, pro | dues immediate and irreparable in/urv I to the organic structure of the Gov ernment; and if there be neither judi i eial remedy for the wrongs it inflicts, ■norpower in the people to protect i themselves without the ofticial aid of 1 their elected defender; if, for instance, the legislative department should pass an act, even through all the forms of law, to abolish a co-ordinate depart ment of the Government in such a cas the President must take the high responsibility of bis office and save the life ot the nation at all hazards. The so-called iteeonstruetion act, though as plainly unconstitutional as aov that can lie imagined, were not believed to be within the class last mentioned.— The people were not wholly disarmed -**f >*•* 1 •-- ' *t _U -A- - Northern States they still held in their hands the sacred right of the ballot, and it was safe to believe that in due time they would come to the rescue of their own constitution. It gives me pleasure to add that the appeal to our common constituencies wa- not taken in vain, and that myconfidenceintheir wisdom and virtue seems not to have been misplaced. lievatuti Fraud* — Tuatrt of OfjU Bill It is well and publicly known that enor mous frauds have been perpetrated on the Treasury and that colossal fortunes have been made at the public expense. This spe cies of corruption has increased, is increas- and if not diminished, will soon brinr u into total run and disgrace. The public creditors and tax-payers are aike interested in an honest administrat ion of the finances, and neither cb-v will long endure the large handed robberies of the recent past. For this discreditable state of things there are several causes. Some of the taxes are so laid as to present an irresistible temtUation to evade payment: the great sums which officers may win by connivance at fraud, cre ate a pressure which it more than the vir tue of many can withstand, and there can be no doubt tli3t the open di regard of con stitutional obligations, assumed by some of the hie best and most influential men in the country, has greatly weakened the moral sense of those who serve iu subordinate pla ces Tbe expenses of the 1 nited States, including interest on the public debt, are more than six time- as much as they were seven years ago. To collect and disburse this va-t amount requires careful supervis ion as well as systematic vigilance. The system, net or perfected, wa- mv'h disor ganii vf by the Tenure of Office bill, whieh ha- almost destroyed official accountability. The Prc-ideot maybe thoroughlyconvinced that an off, - r is incapable, dishonest or un faitfcfn'to the Con-titution. but under the law which I have named, tbe utmost he c-an do is to complain to the Senate and ask the privilege of supplying his place with a belter man. If the Senate ce regarded as person ify or politically hostile to the President, it is natural, and not altogether unreasonable, for tbe offie w to expect that it will take his place, and give him a triumph over Ins Kx •rotive superior. The officer has other r-hances of impunity, arising from accidental defc cts of evidence: the mode of investi gating it and the secrecy of the hearing.— It is not wonderful that official malfeasance th -uld become bold in proportion as the delinquents learn to think tbeniselves safe. 1 am entirelv per-uaded that under such a rule the I'resident cannot perform tbe great duty assigned to him of seeing thelavrs faith fully executed. and that it disabic him most especially from en forcing that rigid accounta bility which is Deoessary to the due execu tion of the r- venue laws. The Con-titution invests tbe President with authority to de tide whether a removal should be made in any given ea-e : the act of Congress declares n substance that he - hall only accuse such as fie supposes to be unworthy of their trust, rhc Co--ritatwnmakes him sole judge io the premises, but tbe statute takes away ilia jurisdiction, transfers it to the Senate ind leaves him nothing but the odious and )metimes impracticable duty of becoming * prosecutor. The prosecution is to be con luv L-ol before a tribunal whose members are not like him—rt -ponsible to the whole peo ple. but to separate constituent bodies, and who may hear his accusation with great dis- Fav-w. The Senate is absolutely without my known standard of decision applicable to ,-h a ease. Its judgment cannot he an icipated, for it is not governed by any role, rhc law docs not define what shall be leemed good cause for removal, and it is mpossible even to conjecture what may or n>y not be • considered by the Senate. — Fhe nature of the subject forbids clear proof, [ftbe -barge be incapacity, what will sup port it ? Fidelity to the Constitution may few understood or misunderstood in a thous ind different ways, and by violent party men in violent party times, unfaithfulness to tbe Constitution may even come to be ron-idered meritorious. If tbe officer be incused of dishonesty, how shall it be made out? Will it be inferred from acts uncon nected with pulic duty, frotu private history. >r f:-,ai general reputation? or must the President aws.it the ammis-ioc of an actu i] misdemeanor in office? Shall he in the mean time risk the character and interest of the nation in the hand' of men to whom he -ttOTi"-. ci't- I,U Must 1m COT bear Lis complaint until the mischief is done and cannot l>e prevented ? If his zeal in the pur lie service should impel him to an ticipate the overt act, must he move at the ■ ril >,f 1-ring tried himself for tbe offence of slandering his subot dinates ? In the present circumstances of the country some one mast be held responsible for official dc iinoueney of every kind. It is extremely dtffi--.lt to -ay where that responsibility •ho'jld be- thrown, if it be not left where it ha- been placed by the Constitution. _ But alt just men wilt admit that the President ought to be entirely relieved from such re sponsibility. if he cannot meet it. by reason of restrictions placed by law upon his actioo. Tbe unrestricted power of removal from of fice i* a very great one to be trusted, even to a mag'-'tratc chosen by the general suf fruge of the whole people, and accountable directly to them for his acts: it is undoubt edly liable to abuse, and at some periods of our history perhaps has been abased. If it be thought desirable and Constitutional that it should be so limited as to ruake the Pres ident merely a common informer against other public agents, he should at least be permitted to act in that capacity before some open tribunal, independent of party polities, ready to investigate the merits of every ease, furnished with the means of taking evidence, and bound to decide accord ing to established rules. This would guar antee the safety of the accuser when he acts in gocd faith, and the same time secure the rights of the other party. I speak, of oour.se. with all proper respect for the pres ent Senate, tat it does not seem to me that anv legislative My can be so constituted as to in-ore its fitness for these functions. It J is not the theory of this Government thst public offices are the property of those who bold them. They are given merely as a trust for the public benefit, sometimes for a i fixed period, sometimes during good beha vior, out generally they are liab.e to be ter minated at the pleasure of the appointing power which represents the collective majes ty and speaks the will of the people. The loroed retention in office of a single dishon est person msy work great injury to the public interests. The danger to the public service comes not from the power to remove but from the power to appoint; therefore, it was that the framers of the constitution left the power of removal unrestricted, while they gave the Senate a. right to reject all appointments which, in its opinion, were not fit to be made. A little reflection on this subject will probably satisfy all who have the good of the country at heart, that our best course is to take the Constitution for our guide, walk in the path marked out bv the founders of the Republic, and obey the rules made sacred by tbc obser vance of our great predecessors. The Financex and the Currency. 1 he present condition of our finances and circulating mcuium is one of which your j early consideration is invited. The propor tion which the currency of any country should bear to the whole value of the annu al produce circulated by its means is a Ques tion upon which political economists have not agreed, nor can it be controlled by leg islation. but must be left to the irrevocable iaws, which everywhere regulate commerce and trade. The.circulating medium will ever irresistibly flow tothose points where it j 10 f r y test demand. The law of supply and la'es i he tides o?the ocea tea d omd ec d c u rrency like the tides, has its ebbs and flows through out the commercial world. At the begin ning of the rebellion the lank note cirula tion of the country amounted to not much more than two hundred millions of dollars; now. the circulation of national bank notes and those known as legal tenders, is nearly -even hundred millions. While it is urged by some that this amount should be in creased, others contend that a decided re duction is absolutely essential to the best nterests of the country. In view of these diverse opinions, it may be well to ascertain the real value of our paper issues. When compared with a metalic or convertible cur rency for this purpose, let us inquire how much gold and silver could be purchased by the seven hundred millions of paper money now in circulation. Probably not more than half of the amount of the latter, showing that when our paper currency is compared with gold and silver, its commercial value is compressed into three hundred and fifty millions. This striking feet makes it the obvious duty of the Government, as early as it may be consistent with the principles of sound political economy, to take such meas ures as will enable the holders of its notes, and those of the national backs, to convert them without loss on specie or its equiva lent. A reduction of our paper circulating medium n- ed not neoessanly follow. This, however, would depend upon the law of demand and supply, though it should be borne in mind that by making legal tender and lank notes convertible into coin or its equivalent, their present specie value in the hands of their holders would be enhanced one hundred per cent Legislation for the accomplishment of a result so desirable is demanded by the highest rubfic considera tions. The Constitution contemplates that the circulating medium of the country shall be uniform in quality and Talue at the time of the foimation of that instrument. The country had just emerged from the war ofthe Revolution, and was suffering from - the effects of a redundant and worthless pa per currency. The sages of that period were anxiou- to protect their posterity from the evils which they themselves had experienced. Hence in providing a circulating medium, they conferred upon Congress the power to fang) tko rnLio a at Tilt! SSHie uuic tbc r.tofes from making anything but gold and silver a tender ID payment of debts. The anomalous con dition of oar currency is in striking contrast with that which was originally designed. Our circulation now embraces first, notes of the national banks, which are made receiv able for all dues to the Government, exclud ing imports, and by all its creditors, except ing in payment of interest upon its bomb and the securities themselves : second, lega tender notes issued by the United States, and which the law requires shall be received a- well in payment of ali debts between citi zen-, as of ail Government dues, excepting imports ; and third, gold and silver coin.— By the operation of our present system of finance, however the metalic currency when collected is reserved only for one class of Government creditors, who, holding its bonds, semi-annually receive tbeir interest in coin for the National Treasury. They are thus made to occupy au invidious po sition, which may be used to strengthen the arguments of those who would bring into disrepute the obligations of the nation. In the payment of ali its debts the plighted faith of the Government should be inviola bly maintained: but, while it acts with fidelity towards the bondholder who loanded his money, that the integrity of the Union might be preserved, it would at the same time, observe good faith with the great mass cf the people who. having rescu ed the Union from the perils of rebellion, nnv bear the burdens of taxation that the Government may be able to fulfil its engage ments. There is no reason which will be accepted as satisfactory by the people, why those who defend us on the land and pro tect us on the sea, the pensioners upon the gratitude of the nation, braving the scars and wounds received while in itsservioe, the public servants in the various depart ments of the Government, the farmer who supplies the soldiers of the army and the sailors of the navy, the artisan who toils in the nation s workshops, or the machanics an! laborers who build its edifices and con struct its forts and vessels of war, sbouid in payment of their just and hard earned dues receive depreciated paper, while another class of their countrymen.no more deserving are paid in coin of gold and silver. Equal nd exact justice requires that all the cred itors of the Government should be paid in a currenry possessing n uniform value. This can only be accomplished bv the restoration of the currency to the standard established by the Constitution, and by this means we would remove a discrimination which may, it it has not already done so, create preju dice that may become deep rooted and wide spread. and imperil the national credit. The feasibility of making our currencv correspond with the Constitutional standard may be seen by reference to a few facts derived from our commercial statistics. The production of precious metals in the United S tales from 1-49 to l s *<7, inclusive, amounted to $579- 900,000; from 1856 to 1860. inclusive to £137,500.'. making total coinage since 1849, sf>74,- ' 000,0' O. From 1849 to 1857, inclusive, the exports of specie amounted to $271,000,- 000; from 1-5-to iB6O, inclusive. $148,- W.'JOOand from I*ol to 1867, inclusive, it was, 8422.000,000, making the aggregate of net exports since 1849, $741,000,000. There arcin the Treasury $1 11,000,000 in coin, something more than $40,000,000 in circu lation on the Pacific Coast, and a few mil -1 lion' in the national and other banks, in ali abcroi *160,600,00). This, however, taking , into account the specie in tbe country prior to I|4>, leave: more than three hundred I million? of dollars which have not been ac- I (Continued on Fovrih Page.)