had self-government, enjoyed all the benefits of a free people,
and that the only right the Home Government reserved was the appointment
of the Governor-General, although it assumed the responsibility
of protecting every inch of their territory from encroachment.
Since this sensible advice from the Colonial Secretary,
I have heard nothing more of the agitation for independence.

From a commercial point of view, and for the welfare of the people,
there is not much to choose to-day between a Limited Monarchy and a Republic.
Let us, for instance, compare England with the United States.
The people of England are as free and independent as the people
of the United States, and though subjects, they enjoy as much freedom
as Americans. There are, however, some advantages in favor of a Republic.
Americans until recently paid their President a salary of only $50,000 a year;
it is now $75,000 with an additional allowance of $25,000
for travelling expenses. This is small indeed compared with the Civil List
of the King or Emperor of any great nation. There are more chances
in a Republic for ambitious men to distinguish themselves; for instance,
a citizen can become a president, and practically assume the functions
of a king or an emperor. In fact the President of the United States
appoints his own cabinet officials, ambassadors, ministers, etc.
It is generally stated that every new president has the privilege
of making more than ten thousand appointments. With regard to
the administration and executive functions he has in practice
more power than is usually exercised by a king or an emperor
of a Constitutional Monarchy. On the other hand, in some matters,
the executive of a Republic cannot do what a king or an emperor can do;
for example, a president cannot declare war against a foreign nation
without first obtaining the consent of Congress. In a monarchical government
the king or the cabinet officials assume enormous responsibilities.