Sir [he said] there are two Passions which have a powerful Influence in the Affairs of Men. These are Ambition and Avarice; the Love of Power and the Love of Money. Separately, each of these has great Force in prompting Men to Action; but when united in View of the same Object, they have in many Minds the most violent Effects. Place before the Eyes of such Men a Post of Honour, that shall at the same time be a Place of Profit, and they will move Heaven and Earth to obtain it. The vast Number of such Places it is that renders the British Government so tempestuous. The Struggles for them are the true source of all those Factions which are perpetually dividing the Nation, distracting its Councils, hurrying it sometimes into fruitless and mischievous Wars, and often compelling a Submission to dishonorable Terms of Peace.

The argument, of course, fell upon deaf ears. It really presupposes a numerous class, at once sufficiently free from pecuniary anxieties to give its exclusive attention to public duties, and sufficiently qualified to discharge them with the requisite degree of success. Such a class was not to be found in America, at any rate, and, even if it was, it would have been invidious in the eyes of a democratic community to limit the enjoyment of public office to it. The subsequent history of the Republic showed that, in the beginning of our national existence, even moderate salaries did not suffice to keep some of the ablest men in the United States from declining or resigning federal office. The long journeys and the bad roads and taverns of that day were probably responsible for this state of things. In the first thirty years after the adoption of the Federal Constitution, no less than one hundred and ten seats in the United States Senate were resigned, and Washington experienced great difficulty in inducing lawyers to accept positions even on the Supreme Bench of the United States. It is a remarkable fact that, during the first thirty years after the adoption of the Federal Constitution, ten persons either declined to serve as associate justices of the Supreme Court, or resigned the office. It is a still more remarkable fact that both Jay and Ellsworth resigned as Chief Justice after brief terms of office. There was, however, undoubtedly an element of expediency in the views of Franklin, for it is no uncommon thing in the United States to see the supervisory functions of certain offices, connected with the educational or eleemosynary systems of the country, more efficiently and faithfully exercised, when exercised without pay by men, in whom public spirit or philanthropic zeal is highly developed, than they would be, if exercised by the very different kind of men who would be attracted to them, if salaried.

In connection with another question, the extent to which the superior wealth and population of the larger states were to be represented in Congress, it was the fortune of Franklin to exert a powerful and decisive influence. The debate over this question was so protracted and heated, the smaller States demanding equal representation with the larger in both Houses of Congress, and the larger repelling the claim as utterly unreasonable and unjust, that it looked, at one time, as if the Convention would break up like a ship lodged on a fatal rock. Then it was that Franklin found out to his surprise that his colleagues did not set the same value as himself upon the harmonizing influence of prayer. Not only was his suggestion that the proceedings of the Convention be opened each day with it rejected, but the controversy became more acrimonious than ever; John Dickinson, one of the members from Delaware, who always had a way of chafing in harness, even declaring that rather than be deprived of an equality of representation in the Legislature he would prefer to be a foreign subject. At this point, Franklin came forward with a proposition of compromise, accompanied by one of his happy illustrations.

The diversity of opinion [he said] turns on two points. If a proportional representation take place, the small States contend that their liberties will be in danger. If an equality of votes is to be put into its place, the larger States say their money will be in danger. When a broad table is to be made, and the edges of the planks do not fit, the artist takes a little from both, and makes a good joint.

He then proposed that all the States should have an equal number of delegates in Congress, and that on all questions affecting the authority or sovereignty of a State, or, when appointments and confirmations were under consideration, every State should have an equal vote, but that on bills to raise or expend money every State should have a vote proportioned to its population. This compromise did not meet with the favor of the smaller States. Under the lead of Dickinson, they still contended for unvarying equality between them and the larger States. At length, a committee was appointed to consider the matter, and to report a compromise, and Franklin was one of its members. It came back with a plan, proposed by his constructive intellect, namely, that, in the Senate, every State should have equal representation, but that, in the other House, every State should have a representation proportioned to its population; and that bills to raise or expend money should originate in the other House. The report of the committee was adopted, and no device of the Constitution has, in practice, more strikingly vindicated the wisdom of the brain by which it was conceived than that hit upon by Franklin for disarming the jealousy and fears of the smaller States represented in the Convention.

He approved the proposed article making the presidential term of office seven years, and declaring its incumbent ineligible for a second term. The sagacity of this conclusion has been confirmed by experience. There was nothing degrading, Franklin thought, in the idea of the magistrate returning to the mass of the people; for in free governments rulers are the servants, and the people are their superiors and sovereigns. The same popular bias manifested itself when the proposition was made to limit the suffrage to freeholders. "It is of great consequence," he said, "that we should not depress the virtue and public spirit of our common people, of which they displayed a great deal during the war, and which contributed principally to the favorable issue of it." The British statute, setting forth the danger of tumultuous meetings, and, under that pretext, narrowing the right of suffrage to persons having freeholds of a certain value, was soon followed, he added, by another, subjecting the people, who had no votes, to peculiar labors and hardships. Some days later, Madison informs us, he expressed his dislike to everything that tended to debase the spirit of the common people. If honesty was often the companion of wealth, and, if poverty was exposed to peculiar temptations, it was not less true, he declared, that the possession of property increased the desire for more property. Some of the greatest rogues he was ever acquainted with were the richest rogues. They should remember the character which the Scriptures require in rulers, that they should be men hating covetousness. The Constitution would be much read and attended in Europe, and, if it should betray a great partiality to the rich, would not only cost them the esteem of the most liberal and enlightened men there, but discourage the common people from removing to America.

He strongly favored the clause giving Congress the power to impeach the President. When the head of the government cannot be lawfully called to account, the people have no recourse, he said, against oppression but revolution and assassination. These, it should be recollected, were the utterances of a man who was from age too near the end of political ambition to be possibly influenced by demagogic designs of any sort. Franklin also opposed the idea of conferring an absolute veto upon the President, and the requirement of fourteen years' residence as a condition of citizenship. Four years he believed to be enough. He approved the article making an overt act essential to the crime of treason, and exacting the evidence of two witnesses to establish the overt act.

He also forcibly expressed his views with regard to the respective powers with which the two Houses of Congress should be invested. When the Convention was drawing to a close, he urged its members in a tactful and persuasive speech to lay aside their individual disappointments, and to give their work to the world with the stamp of unanimity. As is well known, when the last members were signing, he looked towards the President's chair, at the back of which there was a representation of a rising sun, and, after observing to some of his associates near him that painters had found it difficult in their art to distinguish a rising from a setting sun, he concluded with this exultant peroration: "I have often and often, in the course of the session, and the vicissitudes of my hopes and fears as to its issue, looked at that behind the President, without being able to tell whether it was rising or setting: but now, at length, I have the happiness to know, that it is a rising and not a setting sun." And a rising sun, indeed, it was, starting out upon its splendid circuit like the sun in the lines of Charles Lamb, "with all his fires and travelling glories round him."

The opinions of Franklin with regard to general political topics are always acute and interesting, and, unlike the opinions of most great men, even the greatest, are rarely, if ever, flecked by the errors of his time. In some quarters, there has been a disposition to reproach him with being an advocate of what since his day has come to be known in the United States as rag or fiat money. The reproach loses sight of the fact that the currency problems, with which he had to deal, did not turn upon the true respective functions of paper and real money, under conditions that permit their application to their several natural and proper uses. No such conditions existed in America during the colonial period or the Revolutionary War. There was no California, Alaska, Nevada, or Colorado then. "Gold and Silver," Franklin said in 1767, in his Remarks and Facts Concerning American Paper Money, "are not the Produce of North-America, which has no Mines."

Every civilized community, unless it is to be remanded to mere barter, must have some kind of convenient medium for the exchange of commodities and the payment of debts, even though it be no better than wampum or tobacco. Paper money, whether it bore interest or not, and whether it was a legal tender or not, was, unsupported by any real provision for its redemption, a dangerous currency for America, in her early history, as it is for any country, whatever its state of maturity; but she had no choice. It was either that or something not even as good on the whole for monetary purposes. Not only were there no gold or silver mines in North America, but the balance of trade between the Colonies and Great Britain was so greatly in favor of the latter country that even such gold and silver coin, as found its way to them, was at once drawn off to her.