If any single scheme could
produce the effect of arresting at once that mutation of condition
by which thousands of our most indigent fellow-citizens by their
industry and enterprise are raised to the possession of wealth,
that is the one. If there is one measure better calculated than
another to produce that state of things so much deprecated by all
true republicans, by which the rich are daily adding to their
hoards and the poor sinking deeper into penury, it is an exclusive
metallic currency. Or if there is a process by which the character
of the country for generosity and nobleness of feeling may be
destroyed by the great increase and neck toleration of usury, it
is an exclusive metallic currency.
Amongst the other duties of a delicate character which the
President is called upon to perform is the supervision of the
government of the Territories of the United States. Those of them
which are destined to become members of our great political family
are compensated by their rapid progress from infancy to manhood
for the partial and temporary deprivation of their political
rights. It is in this District only where American citizens are to
be found who under a settled policy are deprived of many important
political privileges without any inspiring hope as to the future.
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