It may indeed be fairly said, that nothing is disgraceful with the majority in America, which the law cannot lay hold of. [See Note 1.] You are either in or out of the Penitentiary: if once in, you are lost for ever, but keep out and you are as good as your neighbour. Now one thing is certain, that where honesty is absolutely necessary, honesty is to be found, as for example among the New York merchants, who are, as a body, highly honourable men. When, therefore, the Americans will have moral courage sufficient to drive away vice, and not allow virtue to be in bondage, as she at present is, the morals of society will be instantly restored--and how and when will this be effected? I have said that the people of time United States, at the time of the Declaration of Independence, were perhaps the most moral people existing, and I now assert that they are the least so; to what cause can this change be ascribed? Certainly not wholly to the spirit of gain, for it exists every where, although perhaps nowhere so strongly developed as it is under a form of government which admits of no other claim to superiority. I consider that it arises from the total extinction, or if not extinction absolute bondage, of the aristocracy of the country, both politically as well as socially. There was an aristocracy at the time of the Independence--not an aristocracy of title, but a much superior one; an aristocracy of great, powerful, and leading men, who were looked up to and imitated; there was, politically speaking, an aristocracy in the senate which was elected by those who were then independent of the popular will; but although a portion of it remains, it may be said to have been almost altogether smothered, and in society it no longer exists. It is the want of this aristocracy that has so lowered the standard of morals in America, and it is the revival of it that must restore to the people of the United States the morality they have lost. The loss of the aristocracy has sunk the Republic into a democracy--the renewal of it will again restore them to their former condition. Let not the Americans start at this idea. An aristocracy is not only not incompatible, but absolutely necessary for the duration of a democratic form of government. It is the third estate, so necessary to preserve the balance of power between the executive and the people, and which has unfortunately disappeared. An aristocracy is as necessary for the morals as for the government of a nation. Society must have a head to lead it, and without that head there will be no fixed standard of morality, and things must remain in the chaotic state in which they are at present.