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strong temptations

strong temptations

Here are strong temptations to abuse which did not exist in the case of the continental money; which, for the last year or two of its existence, was jimmy choo shoes of no more importance than the right jimmy choo uggs to coin cents, or the little shin-plasters of the present day. The people, therefore, who should give to a single executive the power of making money at pleasure, though only of paper, would have their folly well illustrated by the fable Cheap Timberland Boots of the wood, which, in granting the liberty of cutting a helve, granted that by which the whole forest was soon levelled to the ground.The constitutionality of a bank established by Timberland Boots congress will not jimmy choo be here discussed, but it will be assumed that such a one may be legitimately created, not only on account Timberland Boots for Men of the long acquiescence of the people in the establishment of two such banks, during the alternate sway of Timberland Boots for Women the two great parties that have divided the United States, but also because, if that were not the case, the constitution might be altered, and the power be given, if it should be found, on experience, that the objections to it were either not valid, or were outweighed by superior benefits. It is to be presumed that no one, out of superstitious regard for the constitution, as it was framed, would feel himself bound by the opinions of its framers, who, however sagacious and intelligent, had not the lights of our experience, and could not possibly foresee what would suit us as well as we can feel and know what does suit us.Let us, then, Timberland Boots Outlet calmly consider the benefits and disadvantages of a national bank apart from any i constitutional objections, and unbiassed by the support it has received from a majority of Timberland Outlet the nation at one time, or the reprobation it has received at another.The advantages on which its friends rely are, that it furnishes the nation with an uniform currency, which is attainable in no other way ; that it is a salutary check on the state banks, whereby their excessive issues, their eventual failure, and a vitiated currency, are prevented; that such a bank is a great convenience to the government, in collecting, keeping, and disbursing the public revenue; and that its credit may give most important aid in great national emergencies.

the power

       the power

There is, indeed, no way in which the power of making and issuing paper currency can be so jimmy choo shoes given to the officers of the government that it Timberland Boots Outlet nay not be abused, and become dangerous dangerous, Timberland Boots for Men too, not merely to the property of the commonwealth, but to what is of far higher importance, to the moral purity of its citizens and their political rights.Perhaps the practice of issuing paper money during the devolution may be referred to in proof of the practicability and safety jimmy choo of such a function of government. But to this it may be Timberland Boots for Women replied, in the first place, that we do not know that the trust was never abused. But, admitting it was not, itdoes not seem reasonable to draw examples for a permanent course of policy from a period when, if ever, men are to be found pure, disinterested, and rising superior to ordinary temptations in the sense of common danger, and the ennobling duties of patriotism. That abuse of trust which did not exist in the course of six years, (from to , Timberland Outlet when further Cheap Timberland Boots issues of paper ceased,) might have occurred if they had continued some years longer. We find that the burgomasters of Amsterdam performed their duty faithfully for more than a century, but that they finally yielded to the temptation to which they were exposed; and that the chief functionaries of the government were participators in their fraud.But there are other points of difference between the old continental money, issued during the revolution, and a paper currency to be now issued by the federal government. Then, the guardians of this trust were appointed by thirteen different states, annually, and in their numbers, their short term of service, and their responsibility to different legislatures, there was sufficient security for the faithful discharge of their duty, if they Timberland Boots had not been prompted to it by higher motives. But, at present, all the business of disbursing the public, money, and of superintending the agents of the disbursements, devolve on the federal executive, who is independent of the legislature, and of the people themselves,for four years; who has a jimmy choo uggs strong interest during that time to secure his reelection for four years more; and who may indulge the hope that, in the course of eight years, he may, by a diligent and skilful use of all his means, hope to continue his power beyond that time.

We every day

       We every day

We every day see the men who compose it, tolerate and approve what, as individuals, they would revolt at. We may then infer, that Timberland Boots for Women such potent means of influence would not Timberland Boots be conferred by any Timberland Outlet people possessing the smallest degree of discernment, or jealousy of power, and that in this country the experiment will never be made until the love of civil freedom shall cease to find a place in the hearts of the American people. But, Timberland Boots for Men it may be urged, that while the government would be unfit to manage a bank of discount, it might safely supply the country with a paper currency, by issuing notes, redeemable at the treasury and its jimmy choo shoes offices, in payment of its Timberland Boots Outlet debts; and that in thus supplying the nation with a circulation which would have a solidity that the paper of no joint-stock bank could possess they might make a correspondent profit in aid of the revenue.It is true, that a government, in good credit, might circulate its paper to a considerable extent, in payments of its officers and contracts; and if there was no other paper currency, it might thus supply the country with all that part of its circulation for which paper was preferable jimmy choo uggs to the precious metals. But would it be safe to vest even this more limited power in the agents of the government ? On the contrary, may we not confidently pronounce that it would be abused ?In issuing this paper, the public officers would perform the part of bankers, whether it consisted in paying to the state creditors the government paper directly, or in giving treasury drafts on distant places, or in exchanging paper for specie; and when it was found that this paper had the credit and currency of gold and silver, it cannot be supposed that it would not sometimes be used to serve the private purposes of the administration, orof the officers themselves. Would not ought not then, the jealousy to which we Cheap Timberland Boots adverted refuse to repose so great and dangerous a trust in those who jimmy choo would have the strongest inducements to violate it, who could violate it with the most facility and the least danger of detection, and whose violation would be the most serious and perilous to the nation in its dearest interests ?