URA - GO & EXPOSITOR. CARLISLE; "PA. Wednesday,' Jug. 3, 11.542. SPEECH' or, HENRY CLAY.* 'll the G nut Barbecue al Lexington, Jane 9, 1842 Ma; Pausines.r, LA DIES 'A ND GENTLE:If:EI: was given to.our countryman, 'Franklin, to 1;. Mg down Ire lightning from Heaven.' To &ha - ble inn to be heard by Ibis immmense multitude, 01°101 have to invoke to my aid, and to throw into my voice, its loudest thutders. • As I cannot do that,.l hope, I shall likexclised for such. a use of my limes .• • ix Practicable, and not inconsistent - with the preservation of my health. And I feel . that it is our first dirty to express our obligations to a' kind and bountiful Providence, , for th e e o rop t i s . .uitl general shoWers with Which hedies just blessed our land—a iefieshment of which it stood much in need. For one, I offer to Him iny.liumble and dais ful thanks. • The incenvenience to us, on this fes, five 'occasion, is very slight, while the sum of go,.d • ' which these timely rains will produce is very great , and encouraging. •- , Fellow-citizens; I find myself now'in a situation , somewhat like one in which I was placed a few years ago, when travelling through the State of In (*loin which my friend (Mn-Rantrica) near me conies, i stopped at a village containing some • four or five hundred-inhabitants, and I had scarce ly alighted before I found myself surfounded in the liai-taint by every adult mule resident oftho.place. After a while, I observed a group, consulting tot gather in one corner of the room and shortly after, • I was dillitimitly approached by one of them,.a tall, lank, lead, but 'dote and sober looking person, With a long face rind high check bones, who, atl , • iiressing Inc, acid he, was coMmissioned. by his neighbors to request that I would say a few words t 'to theta ,Why, my good friend, said I, I -should be vv.... ) , haat iy to„ dmany thing gratifying to yourself nrkneiglibers,.bu t t I Mn very much fatigued and, hungry nail thirsty, and I do not think' the arca . . Mon its exactly suitable for a speech, I wish you would excuse me to your friends.. Well, says lie, Mr. Way, I confess I.ilwught so IPYReIf, especially as we have no wine to offer you to drink! Now if the worthy citizen of Indiana was right 'in supposing that a glees of wine was a necessary preliminary nd precedent condition to the-delieery of . a speech, have no just right to expeef one from me at this time; for during the sumptuous, re . past from. which, we have just iisen, you offered - me -not/Ong to drink but cold water—excellent water; it is . troe. from the classic fountain of our lamented - friend Mr. MAXWELL, which has.so erten regaled n 8 on'eelebtatiens of our great anniversary. [Great laughter.). 1 protest against any inference of my being naval to the Temperance Cause. On the contrary, I think it an admirable cause that has.dons. great 'good ill continue to do good as . lobg . as legal coercion is not employed; and it rests exclusively • 'esnii,persilasion amt Rouyn intrinsic Merit's. I haVe.ri great and growing repugnance to speak ,, • big , hi -the open- sir to large assetnblage; Det 1 whilst the I . :n.1116; of spee • ch remains to inr, leen • never feel that •rcpugnante, never fed other, than gratefiil sensations, in ittakineiny acknowledge ' mcnts under such circumstances as those which , bare, brought. us together. Not, that I am so pre , suinpthous as to believe that-I. have been the ocean /ion solely of collecting this Vast multitude—Among the intlueements,l cannot help thin,king that the fat white virgin heifer of my friend' Nl*. Demur s, tiTRCco4FS - 601T, - Which has j and' the ether good things' which have been so liberally spread before us, exerted some influence in swelling this unprecedentedly large meeting.= (Great laughter.] - • I cannot but feel, Mr. President, in offering my re.sacetful avkliotaleclgernents for the honor done me, in the e oquent address havolust delivered, and in the. sentiment -with which you concluded it, that your warm , partiality, and the • fervent friendship which has so_long existed_bm tureen us,-and the kindness of my_ neighbors rind friends around ine: have prompted an exaggerated thiseripti tn, ip too glowing colors, Of my public services and my poor abilities,, _ 'I seize the opportunity to present my heartfelt thanks to whole people of Kentucky, for all , • -the high hipsters and' distinguished favors which I Itao reeeived, during a long residence with them, at their hands; for the liberal patronage Wilich I re ceived. from them in my professional 'pursuit; for the einitient places in which they haVaput me, or enabled me to read.; for the generous and unbound ed confidence whi'eli they. have bestowed upon me, at all times, for the gallant.and unswerving fidelity and- attachment with Whieli they stood by toe, throughout all the trials and vicissitudes of an' eventful and arduous life; and, above all, for the is-wilful indignation with which they repelled an infamous calumny directed against my name and facie at a moniennions.period of my public career. I:I recalling to our memory the circumstances of that periad, one cannot but be tilled with astonishment at the indefatigaliilily with which:the calumny was propagatial and the zealous partizan use to which is - was applied, not only without evidence, but in the face of .a full and complete refutation. Under• whatever deception, delusion or ignorance, it was received .elsew hero, with you, my. friends and neigh . hors, and with the good people of Kentucky, It re served no countenance; hut in proportion to the . ,vettom and the malevolence of its circulation was• the vigor and magnanimity with which I was goner ousiy supported. - Upheld iby a consciousness of the injustice of the charge,,l should.have borne my self with becoming ; fortitude, if I bad been aban-, aimed by you as I was by so large a•portion of my countrymen;• but to have been sustained and vintli -rated as I was by the people of my own State, by you who know me best; and whom I had so many reasons to hive and. esteem, greatly cheered and en ' ernrragecl me in my onward progress, Eternal gratitude and thanks are due from me. • • I thank you, friends and fellow-citizens; for your • distinguished and enthusiastic'reeeptio'n of me this day; and for the excellence and abundance of the arbutm that has been provided for our entertain -- intent - And - I "thank; - froni the Bottom of my &Wrt, _countrywomen for honoring and .gracing and adding brilliancy to this - oceiiiiion - by their nu merous attendance. Ifthe delicacy anti refinement of their sex will not allow them to mix in the rougher scenes , of human life, we may be sure that whenever. by their presence,their smiles and appro.- Litton are bestowed, it is no ordinary occurrence. .that presence is nlwitys nn absolute guaranty of order, decorum and,. respect. take the greatest pleasure in bearing - testimony to their value and their virtue. I have ever found - in them true and steadfast-, friends, -.generously sympathizing to dis tress, and, by their courageous fortitude in bearing thernselves,onepuraging us to imitate their example. And we all knOw and remember how, as in 1840, they can powerfully aid a great rind good • cause,, without nny . departure from the propriety - or dignity of their sex. • • . Ire looking back upon my origin'and progress through life,' I have great reason to be thankful.— My father died in 1781, leafing me-an infant of " _ too tender years to' retain guy taco action of hie ' smiles or 'endearments. my surifiving parent remov. ad to this State in 1702, leaving me, a briy of fir - teen years of age, In the office of the High Court of Chancery, in the City of Richmond, without a guardian; without pecuniary means of support, to steer my course ne I might or could. A neglected education was 'reproved by my own irregular -exer tions, without the benefit of systematic instruction. I studied law principally in the office of a lamented frfand, 'the late Gov. Banottz, then Attorney Gen eral of Virginiis, and also under the auspices of the venerable and lamented Chatic•lor for whom I had acted as an amanuensis. I obtain ed a license to preetice 'the' profession from•the Judges of the . Court .of Appeals of Virginia, and established myself in liexingtonl in 1797, without patrons, without .the fiivor or countenance of the , great or ciMlent,,Withrtut the - Mans of paying my.. weeltly- s hoardomd in,the midst of a Bat laticont. Jaunty distingni;hedi by its members. I remember how comfortable I thought I ,should be 111 could, make £ lOO Virginia money per year; -and with -• • what delight 1 received the first fifteen shilling fee. lay InmesWeremore than realized. I immediately en shed into re successful and lucrative practice. • Afterwards, when I was absentYrom the County. of Fayette, at the Olyinplan Springs, without my 'knowledge or grevious contain l was brOught for ; ward as a - candiate and'eleeted to the General As vernblY of this State. , 'I served in that body se v eral --'-yearerand-Was-theri-tMnsferre&to-the-Sentite i -and- 1 • afterwards to the House of RepreSentedirea of the Jlnitcal States. 1 will not now dwell on the aubse (pent events ef my politiell life; of- eilunieritte the • . offices which have filled; During. My public . career. I have 'hail bitter,iniplicable,reekleas enemies. • Dut if I have been the object of misrepresentation' and unmerited calumny; rid- man hits been beloved or honored by snore , devoted, faithfutand • enthti. siaatio friends.' I have •no reproaches—none—tO make, towards my , country, which has ditilinguialied amlelevated me far beyond whit I had any right to expect. I forgive my enemies, & hope they-may live to obtain the forgiveness of their awn_hearts. It would neither be fitting, nor is it my purpose to pass judgment on Millie acts 'of my public life; but I hope I shall he excused for one or two observe: tione, which the occasion appears to me to authorize. I never but once changed my opinion on ant great limas* of National policy, or on any great, principle of construction of the National Constitu tion.. In early life. on deliberate consideration, I adopted the principled of. interpreting the Federal Constitution Which had been so ably developed and enforced by Mr. Madison; in his memorable Jepurt to the Virginia Legislatute, •and to them, mil un. derstood them, I, have e•,nstaritly adhered. Upon the question coming up in the Senate of the United States to rccharter the first Bank of the United States thirty years ag0,.1 opposed the recliarter up , oh convictions which I 'honestly entertained. The experience of the War, which shortly followed.-the condition into which - therrency of the country was thrown, without a Bank, end; I- may now add,. . later and more disastrous, experience, convinced me • I was wrpng. I publicly grated to my Constituents, in a speech in Lexington, (that which I had made ' in the House of Representatives of the United Slates net having been reported,) my , reasons - for that' change, and they are preserved in the archives uf,the country. lappeal to that record; & I am will ing to - he judged now and hereaft'cr by theinvnlidity. Ido not advert to the fact-of this solitary in stance of change of opinion as. implying any per sonal merit, but because it.is a fact. I will how.. ever,'aay that I think.it very 'perilous to the utility ,ot enY 'public man to make frequent changes of opinion, or arty eharige,bet neon grolinds so suffi cient mid palpable that the Public can. clearly see and approve then': If we- could look' , through a window into the human breast, and therediacover - the causes which lead to changes of opininn,•they might ho made without - lozara. But as it' is it'll- Posaible,,to penetrate the human heart, and 'distin guish between 'the sinister and honest Motives which prompt it, any public man that changes. his opinion, once, deliberately formed and promulgated, under other circuntstances than those which I have stated draws around him distrust, impairs the pub lic confidence, arid lessens his capacity to serve his country. • . _ . I will take this occasion now to say,- that Lam and have long been satisfit d,. that •it would have been wiser and rrore politic in me to have- declin ed accepting - the office of Secretary ofState in 1825: Not that my motives were not as pure and as pat ric t.c - as - ever carried any man into public office- 7 not. that the calumny "which w as applied to the fact was nut as gross and . astinfotinded as any that was ever propagated. (here somebody cried out that Mr. Carter Bev erly; who had' been made the organ of announcing it, had recently borne testimony to . , its being un founded. Mr. Clay said it was true that he had voluntarily borne such teatimerry. But with great earnestinais and emphaeis, Mr: Clay said i want no testimony : lierel-- . .lterti—nenz--(repeatedtv •totichiiwhie heart, amidet.trentendous cheers)-here iSthe best of all Wit nessee'ef my innocence.). .1. Not that valued , frichds and highly eriteithed Pe; pinciits did notunite in urging my acceptance the office; ,net that the adinirristration'of •Mr. Ad.' sins will not, I sincerely Icliem advantageously compare With that of any Of his predecessors, in economy, purity, prudence and wisdom; nor that Mr. - Adams was: himself wanting in any of those high qualifications and upright and patriotic inten tions which were suited to the office. Of that ex traordinary man, of *rare. and varied attainments, exigt to hie recent coursein the House of Representatives (& candor obliges me.to'say that there are some things in it which I 'deeply regret,) it is with no less truth than pleasure that I declare, that during the whole period alibi administration,Thied,essailetrand assaulted et , Akan cpuld have-slicoina 'more - devoted aqachnient to the Union and. all its great interests; a more arde nt desire, faithfully to discharge his whole duty.. - or brought to hie aid more useful experience and knowledge than he did. I never-transacted business with any man in my life with more ease, satisfaction and advantige than I did with that most able and indefatigable gentleman, as President of the United States. And I will add that more hurtnnny never prevailed in any Cabinet than in his. ' • • But my error, in the office, arose out of my underrating the power of detraction and . the force of ignorance, and abiding, with too sere a confidence in the conscious integrity and upright ness of my own motives. Of that ignorance, I had a remarkable and laughable example on an occasion 'Which I a ill relate, I was !ravelling. in .1828, through, I believe it was Spottsylvania in Virginia, on my return to Washington. In compa ny with some young friends. We halted at night at a tavern, kept by' an aged gentleman, who I quickly perceived, front the disorder and confusion which reigned. had not the happiness to haven wife. Aftera hurried and bad supper, the old gentleman sat down by me and without hearing ,my, name, hut understanding that I wax from Kentuckyoe- Marked that he bail four sons in that State, and that he was very.sorry they 'were divided in poli ties, two being for Adams and two for Jackson; he wished they were all for Jackson. Why'? I asked him. Because, be said, that fellow Clay and Adams had cheated Jackson out of the Presidency. Have you ever seen any evidence, my old friend. said I, of that! No, he replied. none, and he wanted to Woe mine. But', I observed, looking hint directly anti steadily in the face, suppose Mr. Clay were to come here and assure you, upon his honor, that it was all a vile calumny. and in t a word of truth in it,would you believe him! No,rcplied the old gentleman promptly and emphatically. I said to him'in • conclusion, will you be good enough to show me to bed, and hid• him good night. The next morning, having. in :the interv al- learnt- my 'name, he came came to me full of apologies, but I at once put him at his ease by assuring him that I did notice! in the slightest degree hurt or offended i with him. Mr. President, I have been accused of ambitbin, often accused of ambition. 1 believe, bowever,thaf my_ acctisera, will.be_generally. found- to be political opponents,or the friends of asp irants in whose way I was supposed to stand, and it was thought there fore-necessary-to-shove-me aside. I defy my ene mies to point out any act or instance of my life, in which I have sought the attainment of office by dis honorable or unworthy 'means. Did I display inor dinate ambition wheneunder the administration of Mr. Madison,! declined a eireign mission of the first grade,and an Executive Depart:tient, both of which he successively kindly tendered to me? When.un der that of his succeseor,Mr. Monroe,l was first im portuned (as no one liiFieWiTiatter than that sterling old patriot,Janathan Roberts, now threatimed,as the papers tell us, with expulsion from an office which was ,never filieirivith more honesty and uprightness because he declines to lie a servile instrument,) to accept a Secrete ryship.and was afterwards offered a carte blanche of all-the 'foreign missions! At the epoch of thd election of 1826.1 believe no one doubt. ed at Washington that, .if I had felt it my duty to vote for Gen. Jackson, lie would have invited me to take charge of a department. And such unoubtedly Mr. Crawford would have done,if he had been elec ted. When the Harrisburg Convention assembled. the general expectation was that the domination would be given to me. It was given to the lamented Harrison. Did I exhibit any extraordinary amlition when, cheerfully acquiescing, I threw myself into the canvass, end made every exertion in my Tower. to insure it &Micas? Was it evidence of 'unchasten ed ambition in me to resign, Oa I recently did, my seat in the Senate—to resign the BictatorshiNwith which my enemies had so kindly investedome, and come home to the quiet walks of private life? But I am tmkitious Weenie some of my country.' men have seen fit to associate, my, name with the succession for the Presidential office. Do those who prefer the charge know what I have done.'or not done, in connexion 'with that Object? Hive die) , given themselves the trouble to inquire at all into any agency of mine in respect to hi -I be lieve not. It is a subject which I approach with all' the delicacy which belongs to it, and with a due re gard to the dignity of tire, exalted station; but on which I shall at the same time. speak-to you, my friends and neighbors, without reserve,anti with the utmost candor: I have prompted none of those movements a mong the people of which we have seen accounts., As far as! am concerned, they are.altogether'spon. tanenus, and not only without Colleen with me, but most generally, without any sort of previous knowledge on my part, That I am thankful tind.l eful—profoundly-grateful—for--those-manifes-• tations of confidence and attachment, I will not conceal or deny. But I have been and mean to remain a passive if not indifferent spectator. I have reached a time of life, and 'seen enough of high official stations to enable me justly to appre ciate their value, their csrespliteir • responsibilities, their ceaseless" dutiel. That estimate' of their-I worth; in a personal point of view, would restrain me•from seeking to fill one; the higheaCtif them, in a scramble of doubtful ,issue' with , political °P• ponents, much•less with, political friends: That I 'should feel greatly honored' by a call from' a filajority .of the people of this country to the highest office within their gift, I shill not deny; not if my. . 1 health were preserved, might I feel atfibeity4Ode. cline a summons adauthorative and ion : nending, - But I declare, most solemnly, that I have not. up to this moment, determined whether - I will consent to the use of my mime or. not as a candidate for the Chief Magistricy. That, is a grave question, which 'should be decided by. all attainable tights, • which I think, is not necessary yet to be decided, and a decision of which I reserve to myself, when it ought to be solved. , period has not,'es I think yet arrived: *hen it does. an impartial `survey of the whole ground should be taker.; the state ot public opinion properly considered, and one's personal condition, .physical and intellectual,' duly examined and weighed. •In their announcing a course of conduct for myself, it is hardly neces sary to remark that it is no part of my purpose to condemn, or express any opinion .Whatever upon. these popular movements which have been made, or may be contemplated, in respeet to the next election of a President of the United. States. , If to have served my country, 'during along se • ries of years, with fervent zeal and unshaken &deli ty; in seasons of peace and war, at-horrie and. a... broad,.in the Legislative Halls end in en Executive Department—if .to have labored most seduously to avert the embarrassment and distress which now overspread. this Union; and when 'they came. to have exerted myself . anxiously, at the. Extra Sea-. lion arid at this, to devise healing remedies ; if to have• desired to introdce economy and , reform in the general administration, curtail enormous •Ex ecutive power, and amply provide at the same time for the wants'of the Government and the wants of the People by a Tariff which would give it' rave. nue „Bed . them _protection ; if to ,have -earnestly. sought to 'establish the bright but too rare exam ple of a party in power,-faithful to its promises and. pledges made when out of power—if these services, exertions and - endeavars justify the accusation of ambition; I must plead guilty to the charge. have wished .the good opinion of the world; but I defy the most malignant of my enemies to show that I have Otterepted to gain it by any low or'grovellingarts, by any mean or unworthy sac rifices, by the'irialatidn of any of the obligations of honor, or by a breach of any of , the duties which I towed to my country. I titm, Sir, from these per sonal allusions and,reministerces,to the vastly more important subject - of the present actuaLconditipn of ttie country. If they could ever be justifiable or excusable it would be on such an oecateon as this,. when I ern addressing those to whom I am bound by so Many intimate and friendly t -• • • In speaking of the present state of the country, it will be necessary for me to touch with* freedom and independence upon the past as well as the present, and upon the cenduct, spirit and principles of parties, I doing this;l assure my• democratic brethren end fellow-cit'zens, of whom I am told there are many hero present, (and I tender them my cordial thanks for the honor done me by their . attendance here this day, _with as much •sincerity I and gratitede as if they agreed-with l ine in political. sentiment.) That nothing is Turthei from my intent lion.than' to say one single word that"ought..to wound their feelineor give offence to them. But . surely if-theremier were a period in the progress of any - people when all were called upon, with ealMness and candor, to consider thortimihly the present posture pf public and private affairs, and deliberately to enquire into Causes and remedies of this unpropitious state of things,• we have arrived at that period in the tinitelLStates—.And-ifiver-a people stood bound, by the highest duties to them solver and to their posterity, to sacrifice Upon the altar of their country, cherished .prejudices and• party predelictions and antipathies, we irenel, : called upon to make the sacrifice if necessary. 1 . What is our actual 'condition? ,Ttis'ene. tif.Mn.„ mxamidedrdistreturand'embarrassment, as universal as it is intensi,pervading the whole com,nunity,and !paring none. . Property of all kinds, and every where, fallen and falling.in value; agricultural pro duce of every description at the most red'uc'ed prices; Money - unsound and at the same time scarcer and becoming more scarce by preparations, of doubtful, and uncertain issue, to increase its soundness; all tWit departments of businesa inactive and stagnant; exchanges extravagantly. high and constantly fluc tuating; credit, public and privet", at the lowest ebb and confidence lost; and a feeling of general-dis couragement and depression. And what darkens the gloom which hangs, over the country, no one can discern any terminappp of this sad state of "hinge, nor see in the future any glimpse of light or hope., Is not this a faithful, although appalling, picture of the United States in 1842 1 I appeal to all pm sent; Whigs and Democrats, Ladies and Gentle. I men, to spy if it be at all too highly eitlorr , d. Now let us see what was our real condition only the short time of ten years ago. I had occasion, in February, 1 832, in the Senate of the United States,. when I was defending the American System against the late Col. HAIN': of South Carolina, to describe it; and I refer to this description as evidence of whet I . believe to lie the state of the country at that time. That itMonformed to the truth of the case, I appeal with confidenre to those now present. On, that occasion, among other things, I said: • "I have now to perform the more. pleasing task of exhibiting an imperfect sketch of sthe existing ewe" of the unparalleled prosperity of the country. On a general survey', we behold cultivation extended, the I arts flourishing, the face of the counirj, iniproved, our people fully and profitably empinyed, mid the public countenance exhibiting intrepidity, content ' meat and happiness. And, it we descend into parti culars, we have the a„, , treeablecontemp'ation ofa peo. ple out of debt, land rising slowly in value, but in a secure and salutary degree; a ready, thoughtiot ex travagant, market for all the' surplus productions of our industry; innumerable flocks anti 'herds brows ing and gamboling on tee Omand hale and plains, covered with rich and verdant grasses; our cities ei dainted, and whole villages springing tip as it were, ry enchantment; our exports and riurtinports he. encased and increasing; our tonnage, firreign'and coastwise, swelling and fully occupied; the rivers or our interior animated by the perpetual thunder and lightning- of countl, ss steamboats- the currency sountand abundant; the public debt of .two wars neprl redeereed;_and.to.crownall, , the-public trea sury overflowing, embarrassing Congress not to find subjects - of taxation, but to select the subje'ets 'which shall be liberated from the impost. It' the term of seven yearaiVere_te_lte_selected, or the givalest_proit_ perity which this people have enjoyed, since the es tablishment of their present Constitution, ii would be exactly that period of seven years which imme diately followed the passage of the Tariff a 1824." The contrast in the state of the country, at the two, periods'of 1832 ,and 1,842, is most remarkable and startling. What has precipitated us, from that great height of enviable prosperity down to the lowest depths of pecuniary embarrassment? What has occasioned the wonderful change? No foreign foe has ;needed and desolated the country. We have had neither famine nor earthquakes. Thai there exists a cause there can be no doubt; and I think it equally clear that the cause, whatever it maybe, must be a general one; for nothing but a general cause could have produced such wide spread ruin; and everywhere we behold the same or similar effects, every interest affected, every sec tion of the Union suffering, all descriptions of pro duce and property depressed in . value.. And whilst I endeavor to find out that cause, and to trace to their true source the disastrous effects which we wit. ness and feel, and lament, f entreat the Democratic portion of my audience, especially, to listen With patience and candor, and dismissing for a moment party Noses and prejuilkees, tikdeeide with impar- - tiality and inc spirit of genuine 'patriotism. It has been said by those high in authority,that the People areto blame and not the Government; that the dietresaes of the country 'have proCeeded from veva', cation and ovekrading. The people have been even reproached for exp_ectingtoo nittch from Government and not relying sufficiently upon their own exertions. And they have been reminded that the highest duty of the Government is to take care of Itsell,leavieg the People to shill for themselves as well ea, they can....• Accordingly we have seen the Government retreatingi from the worm which, it will beiteen irt the sequel, itself created ondtaking shelter - 4 mine the .9 üb-Trea saw That. there Nave been some speculation and overtrading may be true; but all have n , t speculated and overtraded; whilst the distress reaches, if not in the same, degrees- the captious and the prudent, as well as the enterprising and adventurous. , The er ror of the argument cameos in mistaking the effect rer'the manse. What predated ,the overfeeding?... What was the cause of speculation? llow Were the" people tempted to abandon the lndustrionsandaccurst pursuits of life,and embark in-doubtful and perilous, 'but sedUchtgiaMterprizeri? That is the important question. Now, felledrhiltisene, I take upon myself to show that the people have been.far less to blame than , the • General Garernmentsind that whatever of error they committed,was thenatural consequence:of theunwise policy of their relent. To the action of Goirerriment` is mainly Mbe sweribed the Aitiordera, elnbarrPo* manta and distress which all,fiave now so mush nsa snn to depio'ee. Anti& be yet More speeificel think they are to lee fitirlpattributed.to the . actton or. the Executive brauch.,ef the Federal Gorerioracut. • . .„ . 'Threetitt4 or events,all happentegUbouttlie same, lime, it Otertikamitdiate erects are, duly: othisidered, will afford, aVeartind satisfactory solution dull the PeceeittrY 3 ' kills which now unhappily sect Allis etow.try, , 'NKfirit`waethe'veto 'or thereoharter of the us thelji;',States; the second. Was the.remo , ci pb tat , of ' erefepositelt. from that Hank. to local banks.: And the third was the refusal of the.PreSideni of Mel United States, by an arbitrary stretch of power, to _OittionAe:passage of the Land Hill. -These events e'ecurreth in quick succession, in , 18.32 , --33;' and each of them deSerrapal rticuar c o n s i dera ti on. icl • 1. tiltitithe Batik of the United states Irad•fully 1 recovetetlViom its early adininistration, and at the ,period Vflt it was proposed to re-Charter it, if furl -, unshed th e best currency that ever existed, possessing not merely-unbounded confidence in the U.States,but throughout the whole commercial siorlptits institu- - - tion was ei)er more popular,and the ut - of a Bank of the U.Statei Wasacknowledged by President Jack son in his Veto' Message,in winch he expressly stated tharlieriiiiiild 1104 suggested to Ctingress the . plan of artunexceptionable charter, if application had been made to him.. , Arid I state as alact e what many,( tun sure, w4l lucre remember and sustain that during the canvass theiii - gOing on for the Preardency,many of his. friendi in this State tutie assurance that; in ti e'eveut ofhisre•election, a J3:uik of the 'United States Wallet he, establish...ol; It was held out to the people dines better'ettraney 'should be supplied, and a more safe . anti &Wife' execution - of the fiscal clUtiestowards the Government would he performed by the local banks than by the Bank of the United States, - Whitt Witt Abe immeditute -effect of the overthrow of that institution? The estabi i shment of innumerable local banks,'.whiell'aptung up everywhere with a ra pidity to which we catinotiook back withoutartnize 'meal. Areikotable document which 1 now bold iii my bandjlielieve etirretrly 'sMtes that "in 1890 the asSretMtsiiiidtitig capital of the'Union wa55145,190,- 268. ' Within tie yea; a slier, the removal of the de litositeS, the banking capital had swollen to $331,250,;' 1 337. While theU. S. Bank was in eXistence,the lo cal banks', net a spiring' to.the regulation of the cur rency ,were chartered with small capitalCas occasion and business required., After 1893, they werechar; treed withnut neceisity,and multiplied beyond exam ple:. in December 1837, there were no less tlitin 709 State Banitikr..,Nearly_four Itundre:d_bwaks sprung .up.. upon the ruins of the U. S. Bank oind $250,000,000 of capital wee incorporated,to supply the uses formerly itisclosoged by the $35„U00 000 of capital of the flank_ of the U.States. The impulse given to extrayngance and speculation by this.etiormous increase of bank ing capital Wei qklieked by the circulars of the Trea sury Department to the pet State Banks that -were trade the custodiers of the National Revenue." A vast proportion of these new banks, more 1 be lieve than four fifths,were chartered by the Legisla tures in which the Democratic party had the undis puted ascendsOicy. I well remember that!i this state the presses. 01,4 hat patty made a grave charge against me.of being inimical to the' establishment but of State Banks; and fags opposed to their establish ment,until all Prospect vanished of getting it United States Bank.' The effect upon the country of this sudden increase. to s u ch an immense amoont of the banking capital of the country. 'could not fhil to be very grentif not disastrous. It threw out, in the ut most profusion, bank accommodations itt all the va riety of formsowdinary book tiotes,post notes checks, dratts,bills,&e. 'I lie currency Alms put 101111111 e peo ple bad been assured was better - than 'that supplied by the U. S. Bank; and after the removal of tlic de noshes, the I.ocal Banks were urged and stimulated by the Secretary of the I;i:ea:airy freely to discount and accommodate upoti the basis of those deposites. i Flooded as the country was; by those means fi l l in this way,witli allapecies of batik inotiVjfiMilliieilitlea,, is it_ surprising that they should have rushed into '. speoidafion,and freely ,adVentured in the most drape; rateenterpises? It would have been better to have :ornitted them; it would have -been IWtierthat the peo ple should hays been wiser end more prudent thaii the but who is Most to blame, thriy,n ho 'Yieldee' to temptation so thrown out before them— they who yielded 'confidence to their curers—they who'coold not see when this inordinate issue of Illp ivy was to cease, or to become vitiated; or Goverli that It-- ted seduced and betniyed them? ' rvv-eitizens, do let us,in calmness mail ,or a moment to some of the meant toyed to break alowla the U.S. Batik, II the country all the_sad consequett ,- , I. I shall not thip to expose the met .tvca of the assault) upon that institution, and to show dint it was because it refused to make itself basely - - Intl servilely instrumental to the twomotion. of.polit-- jest views and objects.'Aie - Drilik - ii in's - denounced as a monster, stiming,as - v aiftleclared,to rob.the people of their libeities,and to subvert the government of the -coot try. The Bank to subvert the Government!— Why,how could the Batik continue to exist alter the overthrow or that Government to which it,aasin (fettled for its existentle, stud in -virtue of whu7ie-au iliority it could alone successfully operate! Convul sions, revolutions, civil wars, are tint.the social con ditions most favorableto Bank, prosperie.i; but flourish-most when order, law, regularity, pimetuali iy.ntid soccessfut business prevail. - , Rob the pebple atheir liberties! And pray allot would it do with them after the 'robbery was perpe trated? It could act put them in its vaults, oe make interest or profit upon them, the !endive; it not the sole subject do Bank. And how could it destroy the liberties of the peeple,w ithout, at the slime time, de stroying the liberties of all tit-wins interested or con ' cerned in the Bank? What is a Dank? It is a eolith: rntion, the aggregate of v. liose.ctip:tat ix couttilitited by individual share-holdersond employed in lies ittii ary operations, under the managoinent.of President, Directors,CtialikWl'eller and Clerks. Now,all these persons are usually citizens of the United Stitten.jost as much interested in the preservation of the liber ties of the country as shy other eitizeitn. What earth ly motive could prompt them to seek the destruction or the liberty of theie fellow-citizens, and with it their own? 'fie Ede of the Bank of the United Stales clearly demonstrated- where the real' dance to Alit; public liberties exists. It was not the bunk. Its poptilari ty had !welt great, and the conviction of its utility strong and Rehml up to the period of the Bank Veto.' Unbounded as was the - influence of President Jack .arm, soul undisguised ashiis hostility was to the Bank. he could not prevent the passage through Congress of a bill to re-charter it. to such fitvor and esteem week twill, that the Legislature of Pennsylvania, in which his -friends. livid uncontrolled sway, almost imattiteolisly recommended the re.yliarter. But his Vt - to came; he Mew his whistle fir its destruction; it was necessary to sustain his part., whickcould on-.° ly be done by sustidoing liim,sind imtantly,and every where-down with the ILA and !maxi-16r the Vct , t, .... became the watchwords and the rallying cry of his partizans. That same Legislature nt Petinsyltania, now, with equal unanimity, apprOved the destruction eau institution whieli they hail believed to be so indisliensable to the Wilk prosperity, and deluded people felt as if they had fortunately escaped a great National calamity! • The Veto notwithstanding., the House of Repre sentatives, by a large majority, resolved that the pub lic deposites were safe in the custody of the Rank of the United States, where they were placed under the sanction and hy tlw commantiof_thc lawp and-it--was - weir known at Washington, that this resolution was passed in anticipation and to prevent the possibilit) tf their removal. In 4W face and in contempt of this decision of the Representatives of the People, and in violation of-a-positivelawytlie removal-was ordered by the Preslifent a fear months after, the Secretary of the Tress; ry haying;been previously himself reniov ed to :accomplish the object. And this brings me to consider the effect produced upon the interest of the country by thy. • 2l event fn which I ',Sit. alluded. It k well known to be the usage of 13a to act upon the standing average amount of deposites as upon a permanent feud. The Bail of the United States had so regula ted its transactions Minn the dew - mites of the 101.ited States, and had granted accommodations and extend as far as could be safely done on that basis. Thetleposites Sevre removed and dispersed among various local banks, which were urged by an mithofity not..likelv to be disregarded, especially. when seconiling r as it did; their owro'pectiniary in terests, to discount 'and accommodatefreely on them. They did so; and thus these deposites performed a double office, by being the basls of Bank facilities, first, in the hands 0 the batik of the United/States, and.afterwards itt 'the pnesession of the local hanks. A Va.l addition to the circulation nt the colours: en sued, to that illreatly so copiously put forth by the multitude of new Banks, whirl' were spring ing•np like mush-roans. Thisfspeculatiou and mer trading should have followed were to have been na turally expected. is surprising that there were 'riot more'. Pricesirose enormoubly.,avaiiodier ears setpuencei wild thousands were tempted, as is always the ease in advancing market, to hold on or to make purchases , under the hope of. prices .rising still higher.. \ A rush of speculators was made upon the public Wide, and the money invested in their. purchase, coming back. to the depoSite banks, was apin and againicianed on' to the music or other spe 7 etilators,to make other and other purchasers.. Who . was to blame:for this hifloted and artificial state of things? Who for. the speadation which was its naturaltApringl The polies of Gmrernroent which produced it, or the people? The seducer, or the se diiced?, The People; who only used the 'means so abutidantly - supplied in virtue ofilie ;Odic authority, or our rulers, whose unwise polies tempted them in to 1111110USepecuyimi! * . F 3. There was it measure. the passage.' or which Would haie greatly mitigated this unnatural state of things. It was not diffibult to forme alter the Veto of the BankOnime of the consequence' that would folloW; The multiplication of Banks, a su perabundant ourrenity, rash, and inordinate ',peen. lation,Vind probable ultimate suepaysion ofapeeie' payments:, And the piddle domain waeloti.bril- Haut and-tempting a prize not to be among the drat objects that -would attract speculation.. In March 1833, a bill passed both Houses of Congiess to die. • Iriblite among. the: States the proceeds of eales of the public lands.' Itwas, a measure ofstrict jus tice to - the States, and one of sound policy' as it , respects the revenue of the United States; but the view I now rook° to take of it applies altogether , . to the Influence which it would have upon circulation and speculation. It was the corictitu ; timid duky.ofthe President to have returned the bill to Congress: MA his objections, if he was op. posed, to it; or with his sanction if he approved it; but:the bill fell by his arbitrarily withholding it from Congrese. ' • Let us,here pause and consider what would have been ,the operation of that most timely and saluta- ry measure, if it had not been arrested. The bill passed in 1633, and in a short time after,the sales of the public lands were made to an unprecedented extent; insomuch,. that in one year they, amounted to $25,000,00Q, and in a few years to an ag. gregate of about $50,000,000.: It was manifest that, if this fluid so - rapidly accumulating, remain ed in the custody of the local banks, in conformity With the Treasury Circular, and with their inter., h:sts, it would be made the basis of bow loans, new accommodations,fresh bank facilities.. It was man ifest that, the same identicabsum of 'money might, as it in fact did, purchase many tracts of kind, by making the circuit from the: land offices to' the banks and from the banks ,to the land offices, be sides stimulating speculalion in other forms. - Under the operation or the measure of the die. that great flind would have been -semi annually returned to the States & would have been applied, under the. direction of their respective le gislatures,to various domestic and useful purposes. It would have fallen upon the land, like the rain of heaven,in gentle; genial & general showers, pass ing through a thousand rills, and fertilizing and beautifying the country. Instead of being em ['toyed in purposes of speculation, it would , have been .applied to the mien mon . benefit of the whole people..Fintilly,when the fund had accumulated was aceumblittirigin an alarming degree, it was distributed among the States by the deposite act, but so suddenly distributed in such large masses, and to a inanner so totally in violation of all the • laws and rules of finanre,thiit the crisis of suspen- Sian in 1837 was greatly aCeeleiqed. This would have been postponed, if. nqt altogether avoided, if the handbill of 1833 had been approved.Scexecuted. • To these three causes, fellow-citizens, the Veto -of-the - Bank' of the - United States, with tlk CORSO quent creation of innumerable local hanks, the re moval of the deposites of the United States from the 'Bank of th 6 United States, and their subse quent free use, and the. failure of the land-bill or 1833, I verily believe, all, or nearly all of The pt teuniary embarrassments Ofilte, country nre plain ly attributable. If the hank-had been rechartered, the public depe,sites %Offered to remain undisturb ed where the law required them to be made,& the land bill gone into operation, it. is my firm convic tion that we' should have had no more individual. distress & . ruin than is coninion,in brdinory & re;' gular times, to a trading and commercial commu nity. And do just now take a rapid review of the experiments of our rulers. They began with in. contestibly the best currency in the world; - and promised a better. That better currency was to be Applied ley the local banks; and, in the first .stages of the experimein, after the removal of.the deposites, .they were highly commended-from high authority, for the benefiei. 1, and" extensive operations in exchange, the financial facilities which they afforded to the. Government, &c. &c. But the dayal trouble aoffdifficultY which had been predicted, for the Want of a United States 4-3ank, came. They could pot stand -the shock, bat gave way, and the suspension, of 1837 took place.-- Then What Was the course of these same rulers? They had'denouneed and 'put rdoWn 'the the U.S. Bank:: It was monSter. They laud ex tolled and lavished praises on the local Now, they turned round against the ,objects .of their. Own creation and comthendation. Now - they . were'? limed of little iininaters,,corrupt amt.-cur.* rolling, with separate privileges, preying neer' the vitals of the State. They vehemently mill out ftir it divorce of Stateeind Bank, and meanly retreat .lug under the Sub-Treasury, from a storm - which theniselves;hael-raist..elrleav i ng.thepeupletoruffcr _under all its kiting and pitiless rage, they add in sult to injury, by telling them that they unreason ably expect . toomuch-from„Government,thatthey . must take= cureellheenselves, and that it is, 1.)). highest and most patriotic duty of a•frecGoverti 7 mein to take care.of itself,without regard .to.thie sufferings and distresses of the people; They began With the- best currency,promised a better, and ended by'gleing none!..Por-ive might, as well resort to-the costumes ()four original par ents in the Gurtien'of Eden,Jonttempt in this en lightened age, with, the example of the whole-corn .mercial world holier°. us, to cramp this energetic and enterprising people by a circulation exclusive ly eiftlic precious metals. Let us see how the mat ter stands with us here in Kentucky, and I believe we stand as w.Chl as-the people; do in most of the States. We laws a circulation in Bank notes a. mounting to about two millions arid a half, found ed upon specie in the vaults amounting to about one million and a quarter, half the actual circula. tion. Have we too much money? [No, no! ex claimed sunny voices.] Hull Banks were put doivn end all paper annihiletted,we should have just.onc half the money that we now have. I am quite sure that une of the immediate , causes of our pre- sent difficulties, is a defect in quantity as well as the quality of our circulating medinin. And it would be impos4 hie, if- we,were reduced to such a regimen 'as is proposed, by the hard-moneyed theorists, to avoid stop laws, relieflaWs, repodia bankruptcies, and perhaps civil commotion. - 1 have traced the principal causes oldie present embarrassed condition of the the country, I hope with, pander arid fairness, and without giving.oe fence to uny of my fellow.citizens, who may have differed in political opinion from me: It would .have been ,fiir more 'agreeable to my feelings to have dwelt, as I did in 1832, during the. third year of the first term of President Isekson's Adminis tration, upon bright and elteerilig prospects ofgen eral prosperity. I thought it useful to contrast 'that period with the present one,and to inquire in to the causes which have brought upon us such a sad and dismal reverse: A much more inipor hint object remains to me to attempt, and that is, to point out remedies finexisting evils & disorders. rich 'tiro first.] would .suggest requires the co operation of the Government and the People—it is economy DWI frugality; strict. and persevering economy, both in public tied private affairs. Gov. ernment should incur or continuo no expense that can be justly 'or honorably avoided, and individu. l eis slieuld do the same. The prosperity ,of the country has been impaired by causes operating throughout several years, and it will net be restor ed in a, day or yeur,.perhaps not in a_peyied, less than it has taken to destroy it, But we must nor only be economical, we must be industrious, inde futigably industrious. An immense amount of capital has been wasted'and squandered in vision, ry or-unprofitable enterpriae,.pu idle and private. linen be reproduced by littler road saving. • The second remedy which I would stsgest,and that with Out which all others must prove abortive pr ineffixtual,is a sound currency,of unitnim val ue throughout the Union, & redeemable in specie upon the donned:orate holder. I know of but one modeler which thatobject can be accomplished,, and that has stoi.d the test of time and practical experience. 'fatty other,cati be devised than an U. S. Bank, which should be safe anff certain, & free from. the in fl uence of Government, and espe dially net under the control of the Executive de. .Partment, I should, for-one, gladly see it embrac ed. I am not exchesiVely wedded toe U.S. Bank, nor do I desire tii see ono establisled against the will and without the consent of the People. But all my observation and reflection ha t ve served to strengthen aim confirm my conviction, that such an institution emanating from the authority of the GencrielGoverepent,properly restricted & guard ed, With such improvements as, experience bus pointed out , . can alone supply a reliable currency. Accordingly, at the Extra Session, a bill passed both houses of Congress, which, in my opinion, contained an excellent - charter, with one or two slight•defects, which it was istended to curb by a supplemental bill, if the Veto hatl.not been exer cised. -That charter contained two new, and ig think admirable features; one was to separate the operation of issuing a circulation. from that of banking; confiding these faculties"' to different boards. ' and the other was to limit the dividends of thebinit, bringing,the excess, beyond the pre sent.preseribed amount, into the public treasury. In the preparation of the - charter, every sacrifice was made to accommodate it, especially in regard to the branching power; to the. reputed opinions of the President. But instead of Teeting us in a i ' mutual spirit of conciliation, he fired, as was apt ly said by. a Virginia editor, upon the flag of truce from the capitel. Congressibeing anxious to fulfil the expectations of the people k a. Bank bill was prepared, in confor mity with the plan ofa bank sketched by the acting. ~Presidentin iisVeto messageeter a previous con sultation between him and some • distinguished. members of Congress, and t(vo loading members of hie cabinet. The bill. was eloped in precise conformity tehieriews,as communicated by thOse members of.the Cabinet,ond as communicated to othere,Und . wairernhinittedetv hiS inspection after it. Wes no prepared; and he gave assurances that he would approve such •a bill. I was no party to the transaction,but 'I donut entertain a doubt of what I state. The bill passed both houses of Congress.r without any alt4ation or ainenchnent'whatever. and the Veto was again employed.' . •- • . 'l s t is painful, for _meto advert to a grove occur- •• rence k =irked by. such dishonor and bad faith. •Although, the President * through his reeognlzed organ; derides aud . donounces the Whigs, and dis owns being one; although he administers the Ex, ecutive branch of the. Government in contempt of their feelings and in violation of their principles; and although all.whem he chooses to have demon inated • as ultra Whigs', that is to 'say the great body of the. Whig pal ty,have come under his ban, and those of them in office ate threatened with h is expulsion, I wish not to say of him one word that is not due to truth and to the country. I will, however, say' that iti o nly opinion, the . Whigs can-. not.be justly held responsible for his administra tion.Of the Executive departinent, for the mea .surea•lie-niiiy recommend, or for his failure to re commend others, nor esp9cially for the manner in which he distriblites . the public patronage. They will do • their duty,,l hope, towards the country, and render all good - Mid proper support to Govern- . went; but they ought not , to' be held accountable tot hip conthict. They elected him, it is true, but for another, o ffi ce, and he aura into the present one by a lamentable .visitation of Providence.-- There had been no such instance occurring under the Government. If the Whigs were :bound. to scrutinize his opinions. in reference to an offide which no one ever afiticipited liawould fill,he was bound hi honor. 'and.good faith to - ffeeline the Har, risburgnoinination,,if he could not conscientious ly co-operate with them in sustaining the..princi: pies that brr ught him into office. Had the Free!: dent who was dlccted lived, had that honest and good man, en whose face, in that picture, we now gaze, beim spared, , I feel_ perfectly confident that all the measures which the principles of the Whigs authoebed the country to expect,ineiuding a Bank of the United States, would have been curl ied out,' But it may be , said that a sound curreney,such as I have described, is , unattainable during the' administration of Mr. Tyler. It will be, if it can only he obtained through the instrumentality of a Bank of the U.States, unless he changes his' opinion, no he has done in regard to. the luncLbill.- - Unfortunately, our Chief Magistrate possesses more power, in some respects, than a King or Q.neen of England. The crown is never separated om 'the nation, but is obliged to conform to its will. If the Ministry holds opinions adverse to 'the nation, and is thrown' into minority_ in the House of Commons, the crown is Constrained to dismiss the Ministry, +&. appoint one whose °pin icina coincide with the nation. . This, Queen Vie. toria has recently been obliged to do; and not merely to cliangeAlie Ministry, but to dismiss the official attendant upon her person. But here-, the President.holds•opiniona adverse to that of' Con ' gresS and the nation upon important public meit. sures, and there is no remedy but upon the periodi cal return °Nile rights of tine ballot box. -:Anotins remedy, powerfully demanded bf the .necessities of the times, an i requisite.th maintain ing the'currency 'in u sound state,ia a Tariff which will lessen importations from abroad, and tend to increase supplies at home from domestic Induetry. I have so, often expressed my views on this sub-' ject, and soreeently in the , Senate of the U. States, that I do not-think- there ienny„oceasiondor my- I enlarging upon it at this time. I do not think That. a high tariff is riceessary,liut one that shall insure an - adequate .revenne,and reasonable protection; and it so happens that the ititerestabfthe Treasury . . and the wants of the people now perfectly ceineide, -Union its our highesland greatest hiterest., No one can look beyond its dissolution without horror and dismay.. harmony, is essential to the preaer. vatioirof the [Wen. It was the leuding,althOugir ' not the only motive, in proposing thp compromise act, to preaerve that harineny, The power of pro tooting the interests of our own country_saniieVerd be surrendered to.foreign natione,withofit a culpa ble dereliction of duty.. Of this trutli,.all parts of the. tuition are every day becoming more and more ensible.- - Irrtireirreautlihejliis indispensable pow..' er should be exercised with a discretion & inoder. etion, and in a' form least calculated to revive pre. indices ; or to check the progiess . of reform noiv going on ire publicopinion. In connexion with a system of 'remedial mea.- sdres.l only - allude without ping.tod well d on the distrihntion bill,thai just and equitable set tlement of a great National question,whicir sprung up_durink.the-Revolutionary - Warm 1101 has seri ously agitated-the country; and which it is deeply to .be regretted,had not been settled - ten years ago, as then praposed: Independent Of nil other con siderations, the fluetTktion in the receipts from sales of the public lands. is so ,great and constant, that it is a resource on which the General Govern ment' ought not to rely for revenue. It is far bet ter that the advice of a Democratic land Commit tee of the. Setinto,at the head of which was-the,ex perieneed.and diqinguished ingiofAlabanni, given some years ago, should be followed, that: the Federal Treasury be replenished with duties on import , , without bringing into it any part of the land mad. I have thus suggested measures of riliceadapi ed to the present state of the countiy,' and 1 hav noticed sonic of the differences which unfortunate. ly exit t between the two leading parties into which our people are unhapfdly - divided. Lt considering the qiio , tion whether the commis of the one or the other of those parties are wise.4,and best calcula ted to advance the interests, the honor, and the' prospority of the diation,which every citizen ought to de,wc should discard ull passion iiiiirkejuilice, and cx,reiscos lilt - as possible,a pet feet impartiali ty. And we shouretnuteuntine our attention 1110.T ly tot particular measures which those parties respci lively espouse or oppose, but extend it to their ••eneral course and conduct, and to the spirit and purposes by which trey are sniinxted. -We should anxiously enquire whither shall we be led by following in the lead of the one or the other of those parties—shall we be tarried to the achieve. merit ‘tf the glorious destiny, wlikilt patriots here, and the liberal portion of mardtind eyery w here, have fondly hoped awaits no? or shall we. inglori ously terminate our carecr,by adding another mel ancludy einmplcof the instability of human and the folly with which bele-government is ad ministered? - I do nut arrogate to myselfmore impartiality,or greater, freedom from party bias, than belong to ether men; but unless I deseive Myself, I think I have reacluld4l time afire, and am now in u posi tion of retirement,trom which I can look back with calmness, and speak, 1 hope, with candor and jus tice. Ido not intend a general contrast between the two parties, as to zheiZ course, doctrines and' - spirit - Thitt would fie tin) expensive and laborious an undertaking for the occasion, but I purpose to specify slew recent instances, in which, I think, our political opponents have exhibited a spirit find bearing, disorganizing and dangerous to the per manency and stability of our institMions, and I invoke the serious and Holum attention to them, of . all who are here assembled. The first I would notice is the manner in which Territories have been lately a,dinitted,as States,in. to the Uniom---The early and-r - Ogular practice of the Government .vas for Congress to puss previ. nusly a law authorizing a Convention, regulating the appointment of members to it, specifying the qualification* of voters, &c. In 'what way most of the States were received. Of late, withoutany previous Sanction er authority from Congress,sek• end Territories have proceeded of themselves to call Conventions, forth Constitutions, and demand admission into the Union; and they were adinittAl. I do not deny that population and condition . enti. tied then/ to admission; bht I insist:that it should have been done in the regular andestablished mode. In the case of Michigan, aliens wore allowed to vote, as aliens have been allowed to became pre. emptioners fettle public lands. And a majority in Congress sanctioned the proceeding.. When for eigners are naturalized and incorporated, as citi. zens,-in our community,they, are entitled to all the privileges, within the limits of the Constitution, which belodzs to a .native horn citizen; and, ifne. cessary, they shotild be protected, at home and a. broad--the thundezef our artillery 'Should roar, as louland effectually. in their defence as if Weir birth were upon American soil. 'cllßut icashint+tit think it wrong and hazardons,to allow aliens,who have just landed upon our shores.who have not yet renounced their allegiance to Foreign potentates, nor sworn fidelity to otir constitution, with all the influences of monarchy and anarchy about tbere,to participate in our elections,St affect our .9. The New Jersey Elm:titan—the great seal of the State and the decition of the local euthurPl us were put aside by the House of Representativesok • a majority thus secured to the Dernocratic party. • 3 Nullification, which is nothing4nore er less than an aesumption by one State to abrogate with. in its limits ti law passed by 26 States in Congress assembled. • 4. A late revolutionary attempt in Maryland to subvert the "existing Government. without any .authority oflaw. . ••• •• 5. The refusal oft minority in the Legislature of Tennessee to co-operate with the majority (their Constitution requiring the presence of two-thirds of the members,) to execute a positive injuction of the-Constitution of the U. S. to appoint two U; S.. Senators. In principle,that refinial was equivalent to announcing the willingness of that "minority to dissolve the:Union. 'For,lll3 or l 4 of the 26 States were to . refuse altogetherto elect SeMitors, a dis. solution of the Union•vvould be the •consequenee. That minority. for weeks together, and time after time, deliberately refused to enter •urintthe elec. lion. And, if , thelinion ie not in factdissolved,il is not because the priieiple involved would 'not lead to a dissolution, but•beCunsa 12 or 13 other States haye not like themselves refused to perform ahigih constitutional duty. And why did they refusel - because they apprehended the election to the Senate of political opponents. The seats of the two Tennessee Senators in the U. StatesSenatiaile now vacant, and Tennessee has no voice in that branch . of the general legislation. Oneof the high cet compliments which 1- ever received was to have. been appointed, at a popular meeting ln Tennes. see, ono of her Swink conjunction -with-a die- - tinguislicd Senato"froin 'Su - nth Carolina, with all the authbrity that such an aPpointment could be.: stow. I repeat here amexpresnion of my (tawny- . t tea a i t g a n s ed a w K l e ie n ri tu l ck g y ave ir At a generalt l," and g m h y .l lodgments for an honor,' which most ambitiously s uP Senator. y • 6. Theo there is repildiation,that foul stain upon the • American eharacter,east chiefly by Democrats of iisissippiartid which it will require, years to efface from our bright escutcheon. 7. The stipport given niEsecuilve osurpation,and he-expungirig the records of the Senate of the U.S. 8. 'the.recent refusal of State legislatul•es to pass laws to carry iota effect the Act of Distribution: An ' Act of Congress, passed aceordiegthall the forms of the constitution,afterample discussion and deliberate eimaideratioisitund of the lapse of teflyea vs from the period it was first proposed. It is the duty of all to, submit to the laws reglarly passed. They may at tempt to get them repealed; they have a right to test their validitymbinission to them is not merely a con-' stitutional and legal,but a Moral duty: In this case it is true that those who refuse to abide by diem duly bite their own noses. But it is the principle of the refusal to which I 'call your attention. 'lf a minority may refuse compliance shit one law,what is to pre vent minorities front disregardingsall IoW?- - 1s this any thing but a modification of nullification? Whit right have the servants of the people (the legislative bodies) to withhold from their 'masters their asSigri ed rpotas of a great public fund? 9. 'file last ,though lupins Ica st,instan ce of the Man .ifestatiomordisorganiiiition-whieb-,1 phial- notice; is--• the recent convulsion irrllhode 'slink!. That little • hut gallant and potrititic State lad a barter derived coin ti British King,in operaticin between one mid to o hundred years. N There had been; engrafted upon it laws and it's: gra,fromlime to time, and altogether a practieal Constitution spirant? 41N:which tarried the SisiZdts one of the glorious thieteen,through the Res. ollithrmand brought her safely into the Unmn. Under it lice Greens and Perris and other distinguished, .men,were born and rose to eminence. The Legisla implied called a collreldioll to remedy whatever de fects it ha d.sorlto atilt p 1 it to the progressive i mprove ments of the age. lit that writ It of reform the Doer Party.might lave co-operated; Li:tarot chosing to co operate:, and in ,wanton detitthee .of all established a ntliority,they uialertook,subsettuently,to csil another Convention. The remit' was two Constitutions, not clesseidially differing op the principal voint of cFm lroversy, the night of suffrage. ' ' • Upon submitting to the people that which was for med by the regular conveittion,a small majority vo ted against itprodueed by a tudomin casing votes,be -tween the Doer party unit some of the friends of the old Charter who_were opposed - to any change. The other Cottitittition being also submitted tit the people, an as nmjerity.yoted for it,--.made up of every ption of votes; legal nod illegnl, by proxy and otheriVist ,takthrin the most irregulsr aind unauthor ized matinee. The Dom party proceeded to put their Constitution iwoperatinti,hy electing him astite Go vernor of the:. State,metninera to the mock Legislature,' - and other ollieers:,- Bid:they ,did riot stop here; they Proceeded, nreollect,to drill and to marshal a and poitded their etottion against the Arson al of the State. The. President was called upon to in iterpoSe the power rif tin Union to preserve the peace of the State; nr conformity with an es press. provision Of tire Federal • Constitution. Asul - I halve as much _pleasure_in_expressingtny optnion.thut limfaithfully -performed-histhrtr-in-restranding to that call, as it gave pie pain to be obligjd to uotrinuchert on other parts of his conduct. 'Flue luau tug pressesof the Loco Poco party at IYashing,ton,_Alltativ,lWV_Yealcand ieliniond and ‘ enteo liere,eutruni °urn) support [ldle Do. Do. r part symeouraging them in their work of. Rebel. hots and Tress nu. And when matters had got to .a crisis & the wo pieties were preparing for chi' war and every - hbur it was eXperted (0 IdaZe cut, st_grest Tammany meeting Was held in the City of , l , l.lYork, beaded•by the leading men oftlie-purty,the Catnbrer; longs, the Vanderpoels,the A Ileits,fsce. with a:perfect kstow ledefethat ilte milititry power of the Union was to InTeniploved,if neeessary.to suppress the insurrec. tiou,andaiolw i I listand nig, they passed resolutions ten inT,„ to itwe the President fk•to countenance St. cheer the- rreilholl. Forionstely,itinulters:of theDorr party abandoned their Chief: IM fled and 'Diode Islatitl,ute• aldctl I tv an y' : ; e to:d 'force of- the Federal authority, proved herself able alone to maintain law under the government n ithin her herders.- -Ido net attribute re my tidlow-cilizeoltereassembletlfrom whom 1 dif fer in opinion any disposition to coil:4 , ounce the rev olittionarr proceedings in It hod,i Isintitl. I do not Ite hove t h at they sports e it. Ido not believe Alutetheir p arty getter: Ily could improve itatomairne of the otht r evatopirs of a ,r.iCit of iliso..g.:noz ifion which I 11111 e eallalerated; hal the inisfortinie, is, in time of high part% exeitentent tint the leaders svinniiit themselses and commit the body of their psi ty, who per ceive that ocless they stand by mid stistaio their lea ders, n disisiriu uml ja.rhallS.deStrarlioll of the party Would be tin consequence. t •1' all the springsollionisn action lit lTt Iv ties ate pellet ps the most powerful.. In wrest hats been supposed to he nr;re so,but party ties nee more MMus ti I I Ila-VSSthe,' pre regarded' MIS molif te .,l t toot imaginary interest: Under their sway We have seen not only indivichols.lnat a lode conrinu dine!' ahalld ,a their long , elierished interest. mid pHs 'ciples and nun round a ,i 1 oppose them withviolence. Di•l the is I.:Alio:1 in Itlinde Island find Gar its support it i'reeedeid t at:110'511ml by the mujoi its fn Congsess, ' •of T -rritori •- in the irregular ntiorissintt s. es as States dish the Ultimo° wliuh I have hereunto alluded? Is . there not reasonto fent• that thin example Which Con. 'cross had l u res Musty presented eitcoursged the RhOde Island rebellion? It has beettld , elllld. , ll to defend tttot rebellion upon the .:Metellies of the -Ann ricait D duration of hide lcmde.iee,hut nn c m itettance to it can be fairly deriv ed from them. 'Villa declaration aSserts,it is true,that whenevei , n governmeitt becomes'illlrstructive to the enuls.of I ifs;, liberty toll the popgun or happiness, for the security of which it was instituted, it is du right of the people to niter or Idol ialt it and institutes new loverwitent; and Si undoubtedly it is. 111111 this is a ' meld only to be exerci•ed in gl'ar'e nf extreme cases. .Prudence indeed will dictate,' stiy s that s encrusted Mat riiroent,4lint Carerldlleal long . establisWerl not be changed lot-light and transient causes.' But' abet; a long train of:II n+t•stiud IlSarladions,pursuing i o vurialdy the same object, evince a design to is duce (twos under alt absolute despotism, it is their right, - their duty to throw ofr such government.' Will it be pu etended that the nennil Government of Rhode Isl and is destructive of life,liheriy• or the pursuit of hap piness? Tlut it has perpetrated a long- train of abuses ' and smorpations,puratting_titesatsiolhrapw,te object,. to reduce the people :dater ithmints desprmsm? Or tharatte other rause of coniplaint:esisted but such as :night he petteefisily remedied, a itbout violence and without, Wood? Such as,in pint of faettlie legitimate Goverlintrit had regularly munitioned I(C:invention to redress, but for the result of whose deliberations the restless 'spirit of disorder and rebelling had not the patience to wait? Why,felloW-citizens,little "Ma rty ((Ind bless and metiers e her!) is one of the most proquerouS; - enterprising told etilightesied Statessin the Union. Nowhere is lite, liberty and property more perfectly sectire. Fellow-citizens: I !MAT enumerated these examples of a sinngerous spirit or disorganization & disregerd of law, svith no purposeof giving offence or exciting hitter and unkind feelings here or els'ew here; but to illustrate the principles, character and tendency of the two great monies iuto which Mir:country is divi !led. Itrall• these ex:similes die-Democratic party, as it calls itielf,(a denotninatiawto which I respectfully think it has not the least just pretension,"cirluirge por tions of that intrty,estending to a hole States, united. with apparent cordiality. ro all of thens the Whig party was constantly and firmly opposed. And now , let me'risk youi,itu f all candor antkincerity,to say truly and impaiitally to %Odell of these two parties can the interests,the ha lbbies:rand the di Allies ofthis geoid people he most safely confided? l appeal eopecully Had with perfect confidence, to the saindor of the real, the aticientand long-tried. Democracy—that old 'k ind:Henn party With whom 1 stood side lie side during same of she darkest days of the Republic, in seasons of hotly War and Peace. • ' Fellow-citizens tf all parties! The present situa tion of our country is one of unexampled distress and difficulty; but there is no occasion (bratty desponden cy. A kind and bountiful Provideace has never de serted us• and 0111 misdeeds, We have a warted ri mo nished uktiejterhaps,lias for our neglect ofbie and fertile soil, a genii, r olimat t and free institutions. Our whole laud as covered, in prefasion, 1011 i -the means of subsistence and the comforts of. life. Our gallant Ship ,it is unfortunately true,litis itelpless,tosa ed ono tempestuous sea,amidst the conflicting billow a of contending parties, withntit;st rudder and Yiiithout a faithful pilot. But that Ship is our eotntrye:M ing all pastglory, a!! our true hopes. Its crew is our whole people, by whatever political denomination they are known. Ifs e goes own,they , all go down together. Let us remember the dying worth of the gallant Lawrence—" Don't give, by the Ship!" 'The Klorlotts banner of our canary, with its Stars - and Stripes, still prinidly floats at its mast head. Wiih mom hearts and i istrong arms, we can surmount all diWiculties. Let, us ali.-01--rally around that Ban. ner,lind firmly resolve to perpetuate our liberties_ Mitt regain our lost prosperity. Whigs! arouse front the ignoble supiniMess which encompasses yotta wake fromthe.leduiiitr,ln which you lie hot-mil—cast 'from yeti that unworthy apatliv which seems to make you indifferent to the fate Or your ebuntry—arouse, awake ! shake` Off the dew drkips that glitter on your garments, and once more Marclf to Bmtle and to ViCtory! You have beendis appointed, deceived; betrayed, shamefully deceived and betrayed. But will you therefore also prove false , and faithless to yotic couittry7tr obeY the impulses of just and patriotic indignation? As for Captain Ty- ler, lie is a mere santr=a flash in. the pan; pick your AVtlik . flints and try your rifles again? - •