chies, noble orders, stockjobbers and chartered companies
enriched by law, must either be all blessings or all curses,
as the circulation of money is increased in all these cases,
first by taking it from the multitude, secondly by giving it
to the few, and thirdly by its employment in the purchase
of property and the enjoyments of luxury.
In the same ingenious mode a brisk circulation of power is also produced. Accumulated in a few hands, like money, it breaks down confinement, spreads itself far and wide, and compensates majorities as they are compensated for legal accumulations of money. Doctor Johnson has neglected to tell us, that mankind cannot have one of these blessings without the other; that money attracts power, and power, money; and that by accumulating either for the sake of a brisk circulation, you accumulate and circulate both. The accumulation of power has used two arguments in its defence, infinitely more plausible than any urged by legal projects for accumulating money; namely, the supposed benefits of a uniformity of religion, and the difficulty of governing an extensive territory. Europe, however, renounced a religious monarch, and the United States a civil one; the latter upon principles incapable of being dissevered from those which forbid legal accumulations of wealth. Knowledge and will being considered as the governing agents, it seemed unnatural to contract the agency, as the territory to be governed became more extensive. The sphere of one man's knowledge and will, is infinitely less than that of several millions of men. Each planet, however brilliant, is unable to exceed its limited orbit in the firmament. The knowledge and will of a monarch is limited by this moral geometry, like those of other men. When the territory bursts beyond his orbit, monarchy ceases, and some anomalous government ensues; oligarchical, military, deputy-royal, tumultuous, or infinitely variegated by circumstances. Hence neither the virtues nor vices of a monarch are felt at a distance from his person. Miserable provinces under a good, and flourishing under a bad mo-
