By multiplying the means of gratification, by promoting the introduction and circulation of the precious metals, those darling objects of human avarice and enterprise, it serves to vivify and invigorate the channels of industry, and to make them flow with greater activity and copiousness. The assiduous merchant, the laborious husbandman, the active mechanic, and the industrious manufacturer,-all orders of men, look forward with eager expectation and growing alacrity to this pleasing reward of their toils.

But though a funded debt is not in the first instance, an absolute increase of Capital, or an augmentation of real wealth; yet by serving as a New power in the operation of industry, it has within certain bounds a tendency to increase the real wealth of a Community, in like manner as money borrowed by a thrifty farmer, to be laid out in the improvement of his farm may, in the end, add to his Stock of real riches.

A habit of labor in the people is as essential to the health and rigor of their minds and bodies as it is conducive to the welfare of the state.

A fondness for power is implanted in most men, and it is natural to abuse it when acquired. This maxim, drawn from the experience of all ages, makes it the height of folly to intrust any set of men with power which is not under every possible control; perpetual strides are made after more as long as there is any part withheld.

The administration of private justice between the citizens of the same state, the supervision of agriculture and of other concerns of a similar nature, all those things in short which are proper to be provided for by local legislation, can never be desirable cares of a general jurisdiction . . . the attempt to exercise these powers would be as troublesome as it would be nugatory; and the possession of them, for that reason, would contribute nothing to the dignity, to the importance, or to the splendour of the national government.

The praise of a civilized world is justly due to Christianity;—war, by the influence of the humane principles of that religion, has been stripped of half its horrors. The French renounce Christianity, and they relapse into barbarism;—war resumes the same hideous and savage form which it wore in the ages of Gothic and Roman violence.

It is one thing to be subordinate to the laws, and another [for the Executive] to be dependent on the legislative body. The first comports with, the last violates, the fundamental principles of good government; and, whatever may be the forms of the Constitution, unites all power in the same hands.