Yes, that is what I meant by 'not trust the wisdom of the masses'. Apparently I was not very clear about that in my writing, that is my fault.
The convention was split between three groups, one that wanted a more direct democracy, that would allow the president to be selected through popular vote, and another that wanted Congress to select the president from one of their number, and a third that thought that the governors of the states should select the president from one of their number. The argument over this became contentious enough that they ended up tabling the matter and sending it to the Committee of Eleven.
Late in the convention, the Committee of Eleven on Postponed Matters, devised the electoral college system in its original form. This plan, which met with widespread approval by the delegates, was incorporated into the final document with only minor changes. It sought to reconcile differing state and federal interests, provide a degree of popular participation in the election, give the less populous states some additional leverage in the process by providing “senatorial” electors, preserve the presidency as independent of Congress, and generally insulate the election process from political manipulation. It is worth noting that just a few elections later they had to revise this system with the 12th Amendment, as it turned out the system in the Constitution does not work very well. The very first election in which George Washington was not on the ballot (he won unanimously on both of his terms) it split the president and vice president from competing parties, both of which worked to undermine each other for who America supported in the French Revolutionary Wars.
In the end the electoral college was part of the compromises made at the convention to satisfy the small states. Under the system of the Electoral College each state had the same number of electoral votes as they have representative in Congress, thus no state could have less then 3, which gave considerably more voting power to the smaller states then a direct vote would.
So, yes. I know my history.