Thus the money issuing power should never be alienated from democratically elected government and placed ambiguously into private hands as it is in America in the Federal Reserve System today.

The Federal Reserve is not private.

Second, halt the bank’s privilege to create money by ending the fractional reserve system in a gentle and elegant way.

Which bank's privilege to create money through the fractional reserve system?

The Federal Reserve? Doesn't really use fractional reserve banking to create money.

Private banks? Why should fractional reserve banking be banned? Because you want to force private businesses to work like you want them to and just keep money in a vault like Scrooge McDuck?

Right from the Constitutional Convention delegates ignored society’s monetary power and the excellent record of government issued money in building colonial infrastructure and giving us a nation.* They left the money power up for grabs, when properly estimating it would have meant placing it in a fourth monetary branch of government.

Well, not exactly. Banking in the pre-Fed era was messy. The federal government actually issued coins (which means the Constitutional Convention delegates didn't "ignore society’s monetary power"), and banks would be chartered either by the federal government or a state government, who would then require them to purchase debt and issue currency against that. Since different banks and states had different credit ratings, if you wanted to convert between a New York banknote and a Kentucky banknote you had to reference a book listing the relative credit ratings of each bank in the same way you have to convert between dollars and euros today. It was really inefficient.