The elements of a monarchy do not exist among us; the habits of the entire country are opposed to the reception of such a form of government. Nor do we know, bad as our condition is rapidly getting to be, strong as are the tendencies to social dissolution, and to the abuses which demand force to subdue, that anything would be gained by the adoption of any substitute for the present polity of the country to be found in Europe. The abuses there are possibly worse than our own, and the only question would seem to be as to the degree of suffering and wrong to which men are compelled to submit through the infirmities of their own nature. There is one great advantage in the monarchical principle, when subdued by liberal institutions, as in the case of the government of that nation from which we are derived, which it would seem a republic cannot possess. We allude to the transmission of a nominal executive power that spares the turmoil, expense, and struggles of an election, and which answers all the purposes of the real authorities of the State in designating those who are to exercise the functions of rulers for the time being. It has often been predicted that the periodical elections of the chief magistrate of this country will, at no distant day, destroy the institutions. It would be idle to deny that the danger manifestly increases with the expedients of factions; and that there are very grave grounds for apprehending the worst consequences from this source of evil. As it now is, the working of the system has already produced a total departure from the original intention of the Government; a scheme, probably, that was radically defective when adopted, and which contained the seeds of its own ruin. Recourse to electors has become an idle form, ponderous and awkward, and in some of its features uselessly hazardous. We are in the habit of comparing the cost of government in this country with that of other nations in the Old World. Beyond a question, the Americans enjoy great advantages in this important particular, owing to their exemption from sources of expenses that weigh so heavily on those who rely for the peace of society solely on the strong hand. But confining the investigation simply to the cost of Executives it may well be questioned if we have not adopted the most expensive mode at present known among civilized nations. We entertain very little doubt that the cost of a presidential election fully equals the expenditures of the empire of Great Britain, liberal as they are known to be, for the maintenance of the dignity of its chief magistracy. Nor is this the worst of it; for while much of the civil list of a monarch is usefully employed in cherishing the arts, and in fostering industry, to say nothing of its boons to the dependent and meritorious in the shape of pensions, not a dollar of the millions that are wasted every fourth year among ourselves in the struggles of parties, can be said to be applied