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.nY Governnaent than to4rust inc purse and 1, he sword of the nation in the same hands. In what Government, possessing tho sem olance of freedom, have these two powers ever been united in one hand! In Bhat sol-s, itary instance has the King of England ev- CT assumed ever the finances, tilis power: t I very much doubt whether the King either of England or France, could, at shis day, E do such an act as 10 seize on the public E the laws of the land, as would subject him to apefl which no man can, in these United States, at this day, be subjected to-the 1 peril of losing his head. One King of France has escaped this peril, not long ago, for a less gross abuse Of power than iiIis.

 And what was the emergency, asked HIr. MD which, sixty days before the meeting of Congress. called upon the Pre- sident of the United States to intetpose and exercise this unconstitutional power! Why, sir, said he, from the document to which have aheady had occasion to refer, 1t would really appear that nothing could well be more distressing to the President, than the necessity of exercising this power; and 1t Is worthy of remark here. to what al ex- traordinary degree public men can deceive

 themselves as to the motives of their acts,

 especially when they have reached the

 highest point of power. Instances of this

 kind. sir. are not rare in history. It Is cu-s rious to read, as a commentary on his pro-

 eeedineS, what the President says on this

 subject. The President s;ys the man.

 itesto, " would have felt himself relieved

 from heavy and painful responsibility, If,

 in the charter to the Bank, Congress had

 reserved to itself the power of directing at

 its pleasure, t he public money 10 be else

 where deposited, and had not devolved that power exclusively, y,''-not on the President

 no, ST, but Son one of the Executive

 Departments" What an astonishing iuna-

 hle of ldeas And, again, (yery sound doc

 tFiiie too,11 although, according to the

 frame and principle of Our Government,

 this decision would seem more properly to

 belong to the Legislative power, yet as the

 law has imposed 1t on the Executive De-

 Partment, the duty ought to be faithfully and

 firmly met, and the decision made and exc

 euted upon the best lights that can be ob-

 tained, and the best judgment that can be

 formed. It would II beeome'-not the

 President, sir, but the Executive 5ralch of

 the GoFefnment-'s to shrink from any du-

 y which the law imposes upon t, to fix up-

 on others, the responsibility which justly

 belongs 10 itself" Now, again, the argu-

 ment comes to Us ln q new aspect, energ- Ing from the obseuTiiY of EXeeutive. De- Rartnen.s and branches, < n hiie fhe pfesi- deat anxiously wishes to abstain from the exercise of doubtful power, and to avoid all

 interference with the rights and duties of others, he must yet, with unshalsea con- staney, discharge his own obligations. ''-- So II seems, (said Mr. M'D.) thai tie Pre-. sident has exercised this power from the sheer necessity of the edse-a case of great pubic emergency, which admitted no de- lay, and that he has assumed this high re-

 faGrasflsliitsz spith@tho cFraatost rel,4etaree.-

 v liy' SIT, every body knows that Executive power particularly that highest order of executive power whichis above the law, Is assumed with great reluctance 1t would 1 nave been extremely distressing to Cesar 10 have been obliged to assume the Eipolv oftiee but Casar put by the crown. f was, according 10 history, very distressing 'o hiellafd III. to accept the Kingly power wien urged upon him with such ciamor by lis own procurement. But he yielded. sayii'g' as Shakespeare writes for him:

 '' am not made of stone

 on' penetrable to your kind entreaties.

 AioeIt against my conscience and my

 soul.'' ''! oi al the difficulties that he had ever l encountered, Mir. MD. said, in any doen- : neh'' the greatest was that of decynberino rem this Manifesto, the ground upon which F ms raeasure had been taken by the pres;- i; lent. V hat did that document contain T 7 loes II clalm right for the President to :. : emoYe the dePosites Does it recoenize :, ne li exclusive right of the Secretary of tbo d feasufy over them Or what does # nar. :; o.N '',.. V th ah the exertion of his humble Il overs oi comprehension, RIr. MD. said Il Il 7 eoold hof draw any satisfactory eof,sii :, on OH the subject. lie was so struck by <, .e resemblance between the sort of tile n, , 5t t up Tor the President 10 dispose of inc n 7 s.l'c treasure, and the title set up by one

 the hlngs Of England to the crown. that n could e not avoid looking up the latter. and n n naa "a d copy of itnow before him. Henry sb ! ouf'h' It seems, came to the throne by CT % title, as far as legitimacy was Te n When he claimed the crown. di "as m document which the histo,,a,3 x, c,I reIo ded because or It's singularty, in ar arr following terms - a'' '4

 in the name of Father, Son, and Holy er, ly los'' l Henty of Lancaster, challenoe of h aIl tl,e ,,,a,l, nSiaiue' and the crown hir

 elliols sN, an0 the appuftcnan- Ra