The Works of Daniel Webster Part 37

"And now, fellow-citizens," said he, "I rise to discharge the most pleasing part of my duty, which I fear you will think I have too long postponed; the duty which devolves on me, as the organ of your feelings toward our distinguished guest, the senior Senator of the Commonwealth.

And yet, fellow-citizens, I appeal to you, that I have approached this duty through the succession of ideas which most naturally conducts our minds and hearts to the grateful topic. I have proposed to you, Our country and its prosperity. Who among the great men, his contemporaries, has more widely surveyed and comprehended the various interests of all its parts? I have proposed, The Union of the States. What public man is there living, whose political course has been more steadily consecrated to its perpetuity? I have proposed to you, The Const.i.tution. And who of our statesmen, from the time of its framers, has more profoundly investigated, more clearly expounded, more powerfully vindicated and sustained it? But these topics I may pa.s.s over. They are matters which have been long familiar to you; they need not any comment from me.

"The events of the last year, and of the last session of Congress, and the present state of the country, invite our attention more particularly to the recent efforts of our distinguished guest on the subject of THE CURRENCY. I know not but some persons may think that undue importance has been attached to the questions which have divided parties on this subject; that these questions are not so vital to liberty as they have been represented. But such an opinion would be erroneous. Undoubtedly there are countries, not free ones, in which money questions, as connected with the government, are of minor consequence. In China, in Turkey, in Persia, I presume they are very little discussed. In these countries the great question is, whether a man's head at night will be found in the same pleasing and convenient proximity to his shoulders that it was in the morning; and this is a kind of previous question, which, if decided against him, cuts off all others. Under those arbitrary governments of Europe, where the prince takes what he pleases, and when he pleases, it is of very little moment where he deposits it, on its way from the pockets of the people to his own. But it was remarked by Edmund Burke, more than seventy years ago, that in England, (and _a fortiori_ in the United States, that is, under const.i.tutional governments,) the great struggles for liberty had been almost always money questions, and on this ground he excused the Americans for the stand they took in opposition to a paltry tax. But, most certainly, the money question, as it has been agitated among us, is vastly more important, more intimately connected with const.i.tutional liberty, than that which brought on the Revolution. The question with our fathers was one of a small tax; ours, of the entire currency. Theirs concerned three pence per pound on tea, illegally levied; ours, the entire currency illegally disposed of, the entire medium of circulation deranged, and for a period annihilated, the whole business of the country, in all its great branches, brought under the control of the treasury. The n.o.ble stand, therefore, taken by our distinguished Senator in this controversy has been upon points which concern the dearest interests of the people, and the elemental principles of the government.

"In fact, I know not that a policy can be imagined more at war with the true character of the government, than that which he has been called to combat. The past and present administrations, relying too confidently on the popular delusions which brought them into office, have systematically defeated one of the great original objects for which the Union was framed, that of a uniform medium of commerce. Nor has the manner of their policy been less objectionable than its design. They have crowded experiment upon experiment, with the fatal recklessness of the rash engineer who urges the fires in his furnaces till some n.o.ble steamer bursts in an awful explosion.[111] Our Senators and Representatives, and their a.s.sociates, could they have forgotten that a revered Const.i.tution and a beloved country were the chief victims, might well have folded their arms, and left the authors of the calamity to extricate themselves, as best they might, from the ruin. But not thus have they understood their duty; and we have seen them with admiration, in the last days of the session, gallantly putting out in the life-boat of the Const.i.tution, with an eye of fire at the top, and an arm of iron at the helm, to cruise about on the boiling waters, and pick up all that is left undestroyed. When I have seen the adherents of the administration rejecting, so far as they ventured, the salutary measures proposed or supported by our distinguished guest and his a.s.sociates, for the restoration of the currency and the reestablishment of the public credit, and clinging to all that events have spared of their discredited measures, they have seemed to me to resemble the sun-stricken victims of a moody madness, who, instead of thankfully embracing the proffered relief, would prefer to float about on the weltering waters, clinging to the broken planks and the s.h.i.+vered splinters of their exploded policy, sure as they are, at the very best, if they reach solid ground, to do so beneath the overwhelming surge of popular indignation.

"I should take up a great deal more time than belongs to me, did I attempt even to sketch the distinguished services of our friend and guest in this const.i.tutional warfare. They are impressed on your memories, and on your hearts. In the thickest of the conflict, his plume, like that of Henry the Fourth of France, discerned from afar, has pointed out the spot where, to use his own language, 'the blows fall thickest and hardest'; and there he has been found, with the banner of the Union above his head, and the flaming cimeter of the Const.i.tution in his hand. If the public mind has been thoroughly awakened to the inconsistency of the government policy with the genius of our inst.i.tutions, if, to the experience we have all had of the pernicious operation of this policy, there has been added a clear understanding of the false principles, as well of const.i.tutional law as of political economy, on which it rests, how much of this is not fairly to be ascribed to the efforts of our distinguished guest, efforts never stinted in or out of Congress, repeated in every form which can persuade the judgment or influence the conduct of men, never less than cogent, eloquent, irrefutable, but in the last session of Congress, perhaps more than ever before, grand, masterly, and overwhelming. It has indeed been a rare, I had almost said a sublime spectacle, to see him, unsupported by a majority in either house, opposed by the entire influence of the government, denounced by the administration press from one end of the Union to the other, yet carrying resolution after resolution against the administration, carrying them alike against the old guard and the new recruits, and, notwithstanding their abrupt and ill-compacted alliance, compelling them, in spite of themselves, to afford some relief to the country.

"These are the services, fellow-citizens, for which you this day tender your thanks to your distinguished guest. These are the services for which, Sir, on behalf of my fellow-citizens, I thank you; for which they thank you themselves. Behold, Sir, how they rise to pay you a manly homage.[112] The armies of Napoleon could not coerce it; the wealth of the Indies could not buy it; but it is freely, joyously paid, by fifteen hundred freemen, to the man of their affections. They thank you for having stood by them in these dark times,--at all times.

They thank you, because they think they are beginning to feel the fruit of your exertions in the daily round of their pursuits. They ascribe it in no small degree to you, that the iron grasp of the government policy has been relaxed; that its bolts and chains, relics of a barbarous age, have been s.h.i.+vered as soon as forged, and before they were riveted on the necks of the people. They thank you for having stood by the Const.i.tution, in which their all of human hope for themselves and their children is enshrined. They thank you as one of themselves; and because they know that your affections are with the people from which you sprung. They thank you because you have at all times shown, that, as the Whig blood of the Revolution circles in your veins, the Whig principles of the Revolution are imprinted on your heart. They thank you for the entire manliness of your course; that you have never joined the treacherous cry of the 'hatred of the poor against the rich,'--a cry raised by artful men, who think to flatter the people, while in reality they are waging war against the people's business, the people's prosperity, and the people's Const.i.tution.

They are willing that this day's offering should be remembered, when all this mighty mult.i.tude shall have pa.s.sed from the stage. When that day shall have arrived, history will have written your name on one of her brightest pages; fame will have encircled your bust with her greenest laurels; but neither history nor fame will have paid you a truer, heartier tribute, than that which now, beneath the arches of this venerable hall, in the approving presence of these images of our canonized fathers, is tendered you by this great company of your fellow-citizens.

"I give you, Gentlemen,--

"DANIEL WEBSTER,--the statesman and the man; whose name is engraven alike on the pillars of the Const.i.tution and the hearts of his fellow-citizens. He is worthy of that place in the councils of the nation which he fills in the affections of the people."

Mr. Webster then rose, amidst enthusiastic cheering, and addressed the meeting in the following speech.

FOOTNOTES

[111] The disaster of the Pulaski occurred about the time of the delivery of these remarks.

[112] The entire audience rose at this moment.

PUBLIC DINNER IN FANEUIL HALL.[113]

GENTLEMEN:--I shall be happy indeed, if the state of my health and the condition of my voice shall enable me to express, in a few words, my deep and heartfelt grat.i.tude for this expression of your approbation. If public life has its cares and its trials, it has occasionally its consolations also. Among these, one of the greatest, and the chief, is the approbation of those whom we have honestly endeavored to serve. This cup of consolation you have now administered,--full, crowned, abundantly overflowing.

It is my chief desire at this time, in a few spontaneous and affectionate words, to render you the thanks of a grateful heart. When I lately received your invitation in New York, nothing was farther from my thoughts or expectations, than that I should meet such an a.s.sembly as I now behold in Boston.

But I was willing to believe that it was not meant merely as a compliment, which it was expected would be declined, but that it was in truth your wish, at the close of the labors of a long session of Congress, that I should meet you in this place, that we might mingle our mutual congratulations, and that we might enjoy together one happy, social hour.

The president of this a.s.sembly has spoken of the late session as having been not only long, but arduous; and, in some respects, it does deserve to be so regarded. I may indeed say, that, in an experience of twenty years of public life, I have never yet encountered labors or anxieties such as this session brought with it.

With a short intermission in the autumn, so short as not to allow the more distant members to visit their homes, we have been in continual session from the early part of September to the 9th of July, a period of ten months.[114] On our part, during this whole time, we have been contending in minorities against majorities; majorities, indeed, not to be relied on for all measures, as the event has proved, but still acknowledged and avowed majorities, professing general attachment and support to the measures, and to the men, of the administration. My own object, and that of those with whom I have had the honor to act, has been steady and uniform. That object was, to resist new theories, new schemes, new and dangerous projects, until time could be gained for their consideration by the people. This was our great purpose, and its accomplishment required no slight effort. It was the commencement of a new Congress. The organization of the two houses showed clear and decisive administration majorities. The administration itself was new, and had come into its fresh power with something of the popularity of that which preceded it. It was no child's play, therefore, to resist, successfully, its leading measures, for so long a period as should allow time for an effectual appeal to the people, pressed, as those measures were, with the utmost zeal and a.s.siduity.

The president of the day has alluded in a very flattering manner to my own exertions and efforts, made at different times, in connection with the leading topics. But I claim no particular merit for myself. In what I have done, I have only acted with others. I have acted, especially, with my most estimable, able, and excellent colleague,[115] and with the experienced and distinguished men who form the delegation of Ma.s.sachusetts in the House of Representatives, a delegation of which any State might be justly proud. We have acted together, as men holding, in almost all cases, common opinions, and laboring for a common end. It gives me great pleasure to have the honor of seeing so many of the Representatives of the State in Congress here to-day; but I must not be prevented, even by their presence, from bearing my humble but hearty testimony to the fidelity and ability with which they have, in this arduous struggle, performed their public duties. The crisis has, indeed, demanded the efforts of all; and we of Ma.s.sachusetts, while we hope we have done our duty, have done it only in concurrence with other Whigs, whose zeal, ability, and exertions can never be too much commended.

This is not an occasion in which it is fit or practicable to discuss very minutely, and at length, the questions which have been chiefly agitated during this long and laborious session of Congress. Yet, so important is the great and general question, which, for the last twelve or fifteen months, has been presented to the consideration of the legislature, that I deem it proper, on this, as on all occasions, to state, at the risk of some repet.i.tion, perhaps, what is the nature of that important question, and briefly to advert to some of the circ.u.mstances in which it had its origin.

Whatever subordinate questions may have been raised touching a sub-treasury, or a const.i.tutional treasury, or a treasury in one, or in another, or in yet a third form, I take the question, the plain, the paramount, the practical question, to be this; namely, whether it be among the powers and the duties of Congress to take any further care of the national currency than to regulate the coinage of gold and silver.

That question lies at the foundation of all. Other questions, however multiplied or varied, have but grown out of that.

If government is bound to take care that there is a good currency for all the country, then, of course, it will have a good currency for itself, and need take no especial pains to provide for itself any thing peculiar. But if, on the other hand, government is at liberty to abandon the general currency to its fate, without concern and without remorse, then, from necessity, it must take care of itself; amidst the general wreck of currency and credit, it must have places of resort and a system of shelter; it must have a currency of its own, and modes of payment and disburs.e.m.e.nt peculiar to itself. It must burrow and hide itself in sub-treasury vaults. Scorning credit, and having trust in n.o.body, it must grasp metallic money, and act as if nothing represented, or could represent, property, which could not be counted, paid piece by piece, or weighed in the scales, and made to ring upon the table; or it must resort to special deposits in banks, even in those banks whose conduct has been so loudly denounced as flagitious and criminal, treacherous to the government, and fraudulent towards the people. All these schemes and contrivances are but the consequences of the general doctrine which the administration has advanced, and attempted to recommend to the country; that is, that Congress has nothing to do with the currency, beyond the mere matter of coinage, except to provide for itself. How such a notion should come to be entertained, at this day, may well be a matter of wonder for the wise; since it is a truth capable of the clearest demonstration, that, from the first day of the existence of the Const.i.tution, from the moment when a practical administration of government drew a first breath under its provisions, the superintendence and care over the currency of the country have been admitted to be among the clear and unquestioned powers and duties of Congress. This was the opinion in Was.h.i.+ngton's time, and his administration acted upon it, vigorously and successfully. And in Mr. Madison's time, when the peculiar circ.u.mstances of the country again brought up the subject, and gave it new importance, it was held to be the exclusive, or at least the paramount and unquestioned, right of Congress to take care of the currency; to restore it when depreciated; to see that there was a sound, convertible paper circulation, suited to the circ.u.mstances of the country, and having equal value, and the same credit, in all parts of it. This was Mr. Madison's judgment. He acted upon it; and both houses of Congress concurred with him. But if we now quote Mr. Madison's sentiments, we get no reply at all from the friends of the government system. We may read his messages of 1815 and 1816 as often as we please.

No man answers them, and yet the party of the administration, professing to belong to Mr. Madison's political school, acts upon directly opposite principles.

Now, what has brought about this state of things? What has caused this attempt, now made, at the end of half a century, to change a great principle of administration, and to surrender a most important power of the government? Gentlemen, it has been a crisis of party, not of the country, which has given birth to these new sentiments. The tortuous windings of party policy have conducted us, and nothing else could well have conducted us, to such a point. Nothing but party pledges, nothing but courses of political conduct entered upon for party purposes, and pursued from necessary regard to personal and party consistency, could so far have pushed the government out of its clear and well-trodden path of const.i.tutional duty. From General Was.h.i.+ngton's presidency to the last hour of the late President's, both the government and the country have supposed Congress to be clothed with the general duty of protecting the currency, either as an inference from the coinage power or from the obvious and incontestable truth, that the regulation of the currency is naturally and plainly a branch of the commercial power. General Jackson himself was behind no one of his predecessors in a.s.serting this power, and in acknowledging the corresponding duty. We all know that his very first complaint against the late Bank of the United States was, that it had not fulfilled the expectation of the country, by furnis.h.i.+ng for the use of the people a sound and uniform currency. There were many persons, certainly, who did not agree with him in his opinions respecting the bank and the effects of its agency on the country; but it was expressly on the ground of this alleged failure of the bank, that he undertook what was called the great reform. There are those, again, who think that of this attempted reform he made a very poor and sorry business; but still the truth is, that he undertook this reform for the very purpose professed and avowed, that he might fulfil better than it had yet been fulfilled the duty of government in furnis.h.i.+ng the people with a good currency. The President thought that the currency, in 1832 and 1833, was not good enough; that the people had a right to expect a better; and to meet this expectation, he began what he himself called his experiment.

He said the currency was not so sound, and so uniform, as it was the duty of government to make it; and he therefore undertook to give us a currency more sound and more uniform. And now, Gentlemen, let us recur shortly to what followed; for there we shall find the origin of the present const.i.tutional notions and dogmas. Let us see what has changed the Const.i.tution in this particular.

In 1833, the public deposits were removed, by an act of the President himself, from the Bank of the United States, and placed in certain State banks, under regulations prescribed by the executive alone. This was the experiment. The utmost confidence, indeed, an arrogant and intolerant confidence, was entertained and expressed of its success; and all who doubted were regarded as blind bigots to a national bank. When the experiment was put into operation, it was proclaimed that its success was found to be complete. Down to the very close of General Jackson's administration, we heard of nothing but the wonderful success of the experiment. It was declared, from the highest official sources, that the State banks, used as banks of deposit, had not only shown themselves perfectly competent to fulfil the duties of fiscal agents to government, but also that they had sustained the currency, and facilitated the great business of internal exchanges, with the most singular and gratifying success, and better than the same thing had been done before. In all this glow and fervor of self-commendation, the late administration went out of office, having bequeathed the experiment, with all its blus.h.i.+ng honors and rising glories, to its successor. But a frost, a nipping frost, was at hand. Two months after General Jackson had retired, the banks suspended specie payments, deposit banks and all; a universal embarra.s.sment smote down the business and industry of the country; the treasury was left without a dollar, and the brilliant glory of the experiment disappeared in gloom and thick darkness! And now, Gentlemen, came the change of sentiments, now came the new reading of the Const.i.tution. A national bank had already been declared by the party to be unconst.i.tutional, the State bank system had failed, and what more could be done? What other plan was to be devised? How could the duty of government over the currency be now performed? The administration had decried a national bank, and it now felt bound to denounce all State inst.i.tutions; and what, therefore, could it do? The whole party had laid out its entire strength, in an effort to render the late Bank of the United States, and any bank of the United States, unpopular and odious.

It had p.r.o.nounced all such inst.i.tutions to be dangerous, anti-republican and monarchical. It had, especially, declared a national bank to be plainly and clearly unconst.i.tutional. Now, Gentlemen, I have nothing to say of the diffidence and modesty of men, who without hesitation or blus.h.i.+ng, set up their own favorite opinions on a question of this kind against the judgment of the government and the judgment of the country, maintained for fifty years. I will only remark, that, if we were to find men acting thus in their own affairs, if we should find them disposing of their own interests, or making arrangements for their own property, in contempt of rules which they knew the legislative and the judicial authorities had all sanctioned for half a century, we should be very likely to think them out of their heads. Yet this ground had been taken against the late bank, and against all national banks; and it could not be surrendered without apparent and gross inconsistency. What, then, I ask again, was the administration to do? You may say, it should have retracted its error, it should have seen the necessity of a national inst.i.tution, and yielded to the general judgment of the country.

But that would have required an effort of candor and magnanimity, of which all men are not capable. Besides, there were open, solemn, public pledges in the way. This commitment of the party against a national bank, and the disastrous results of its experiment on the State inst.i.tutions, brought the party into a difficulty, from which it seemed to have no escape, but in s.h.i.+fting off, altogether, the duty of taking care of the currency. I was at Wheeling, in Virginia, in May of last year, when the banks suspended payment; and, at the risk of some imputation of bad taste, I will refer to observations of mine made then, to the citizens of that town, and published, in regard to the questions which that event would necessarily bring before the country.[116] I saw at once that we were at the commencement of a new era, and that a controversy must arise, which would greatly excite the community.

No sooner had the State banks suspended specie payments, and among the rest those which were depositories of the government, than a cry of fraud and treachery was raised against them, with no better reason, perhaps, than existed for that loud, and boisterous, and boastful confidence, with which the late administration had spoken of their capacity of usefulness, and had a.s.sured the country that its experiment could not fail. But whether the suspension by the banks was a matter of necessity with them, or not, the administration, after it had happened, seeing itself now shut out from the use of all banks by its own declared opinions and the results of its own policy, and seeing no means at hand for making another attempt at reforming the currency, turned a short corner, and in all due form denied that the government had any duty of the kind to discharge. From the time of the veto of the bank charter, in 1832, the administration had been like a man who had voluntarily deserted a safe bottom, on deep waters, and, having in vain sought to support himself by laying hold on one and another piece of floating timber, chooses rather to go down than to seek safety in returning to what he has abandoned.

Seeing that it had deprived itself of the common means of regulating the currency, it now denied its obligation to do so; declared it had nothing to do with the currency beyond coinage; that it would take care of the revenues of the government, and as for the rest, the people must look out for themselves. This decision thus evidently grew out of party necessity. Having deprived themselves of the ordinary and const.i.tutional means of performing their duty, they sought to avoid the responsibility by declaring that there was no such duty to perform. They have looked further into the Const.i.tution, and examined it by daylight and by moonlight, and cannot find any such duty or obligation. Though General Jackson saw it very plainly, during the whole course of his presidency, it has now vanished, and the new commentators can nowhere discern a vestige of it. The present administration, indeed, stood pledged to tread in the steps of its predecessor; but here was one footprint which it could not, or would not, occupy, or one stride too long for it to take. The message, I had almost said the fatal message, communicated to Congress in September, contained a formal disavowal, by the administration, of all power under the Const.i.tution to regulate the general actual currency of the country.

The President says, in that message, that if he refrains from suggesting to Congress any specific plan for regulating the exchanges, relieving mercantile embarra.s.sments, or interfering with the ordinary operations of foreign or domestic commerce, it is from the conviction that such measures are not within the const.i.tutional provision of government.

How all this could be said, when the Const.i.tution expressly gives to Congress the power to regulate commerce, both foreign and domestic, I cannot conceive. But the Const.i.tution was not to be trifled with, and the people are not to be trifled with. The country, I believe, by a great majority, is of opinion that this duty _does belong_ to government, and ought to be exercised. All the new expounders have not been able to erase this general power over commerce, and all that belongs to commerce. Their fate, in this respect, is like that of him in ancient story. While endeavoring to tear up and rend asunder the Const.i.tution, its strong fibres have recoiled, and caught them in the cleft. They experience

"Milo's fearful end, Wedged in the timber which they strove to rend."

Gentlemen, this const.i.tutional power can never be surrendered. We may as well give up the whole commercial power at once, and throw every thing connected with it back upon the States. If Congress surrender the power, to whom shall it pa.s.s, or where shall it be lodged? Shall it be left to six-and-twenty different legislatures? To eight hundred or a thousand unconnected State banks? No, Gentlemen, to allow that authority to be surrendered would be to abandon the vessel of state, without pilot or helm, and to suffer her to roll, darkling, down the current of her fate.

For the sake of avoiding all misapprehensions on this most important subject, I wish to state my own opinion, clearly, and in few words. I have never said, that it is an indispensable duty in Congress, under all circ.u.mstances, to establish a national bank. No such duty, certainly, is created by the Const.i.tution, in express terms. I did not say _what particular measures_ are enjoined by the Const.i.tution, in this respect.

Congress has its discretion, and is left to its own judgment, as to the means most proper to be employed. But I say the general duty does exist.

I maintain that Congress is bound to take care, by some proper means, to secure a good currency for the people; and that, while this duty remains unperformed, one great object of the Const.i.tution is not attained. If we are to have as many different currencies as there are States, and these currencies are to be liable to perpetual fluctuation, it would be folly to say that we had reached that security and uniformity in commercial regulation, which we know it was the purpose of the Const.i.tution to establish.

The banks may all resume specie payments to-morrow,--I hope they will; but how much will this resumption accomplish? It will doubtless afford good local currencies; but will it give the country any proper and safe paper currency, of equal and universal value? Certainly it cannot, and will not. Will it bring back, for any length of time, exchanges to the state they were in when there was a national currency in existence?

Certainly, in my opinion, it will not. We may heap gold bags upon gold bags, we may create what securities, in the const.i.tution of local banks, we please, but we cannot give to any such bank a character that shall insure the receipt of its notes, with equal readiness, everywhere throughout the valley of the Mississippi, and from the sh.o.r.es of the Gulf of Mexico to the St. Lawrence. Nothing can accomplish this, but an inst.i.tution which is national in its character. The people desire to see, in their currency, the marks of this nationality. They like to see the spread eagle, and where they see that they have confidence.

Who, if he will look at the present state of things, is not wise enough to see that there is much and deep cause for fear in regard to the future, unless the government will take the subject of currency under its own control, as it ought to do. For one, I think I see trouble ahead, and I look for effectual prevention and remedy only to a just exercise of the powers of Congress. I look not without apprehension upon the creation of numerous and powerful State inst.i.tutions, full of compet.i.tion and rivalry, and under no common control. I look for other and often-repeated expansions of paper circulation, inflations of trade, and general excess; and then, again, for other violent ebbings of the swollen flood, ending in other suspensions. I see no steadiness, no security, till the government of the United States shall fulfil its const.i.tutional duty. I shall be disappointed, certainly, if, for any length of time, the benefits of a sound and uniform convertible paper currency can be enjoyed, while the whole subject is left to six-and-twenty States, and to eight hundred local banks, all anxious for the use of money and the use of credit in the highest degree.

As I have already said, these sub-treasury schemes are but contrivances for getting away from a disagreeable duty. And, after all, there are scarcely any two of the friends of the administration who can agree upon the same sub-treasury scheme. Each has a plan of his own. One man requires that all banks shall be discarded, and nothing but gold and silver shall be received for revenue. Another will exclaim, "That won't do; that's not my thunder." Another would prohibit all the small notes, and another would banish all the large ones. Another is for a special deposit scheme; for making the banks sub-treasuries and depositories; for making sub-treasuries of the broken, rotten, treacherous banks; for taking bank-notes, tying them up with red strings, depositing them in the vaults, and paying them out again.

It has been the proposition of the administration to separate the money of the government from the money of the people; to secure a good medium of payments, for the use of the treasury, in collecting and disbursing revenue, and to take no care of the general circulation of the country.

This is the sum of its policy. Looking upon this whole scheme but as an abandonment of clear const.i.tutional obligation, I have opposed it, in every form in which it has been presented. My object, as I have already said, and that of those with whom I acted, has been, to prevent the sanction of all or any of these new projects, by authority of law, until another Congress should be elected, which might express the will of the people formed after the present state of things arose. In this object we have succeeded. If we have done little positive good, we have at least prevented the introduction and establishment of new theories and new contrivances, and we have preserved the Const.i.tution, in this respect, entire. No surrender or abandonment of important powers is, as yet, indorsed on the parchment of that instrument. No new clause is appended to it, making its provisions a mere _non obstante_ to executive discretion. It has been s.n.a.t.c.hed from the furnace. From this furnace of party contention, heated seven times hotter than it has been wont to be heated, the Const.i.tution has been rescued, and we may hold it up to the people this day, and tell them that even the smell of the fire is not upon it.

But now, Gentlemen, a stronger arm must be put forth. A mightier guardians.h.i.+p must now interfere. Time has been gained for public discussion and consideration, and the great result is now with the people. That they will ultimately decide right, I have the fullest confidence. Party attachment and party patronage, it is true, may do much to delay the results of general opinion, but they cannot long resist the convictions of a whole people. It is most certain that, up to the present hour, this new policy has been most unfavorably received.

State after State has fallen off from the ranks of the administration, on account of its promulgation, and of the persevering attempt to raise upon it a system of legal, practical administration. The message of September completed the list of causes necessary to produce a popular revolution in sentiment in Maine, Ohio, New Jersey, and New York. Since the proposition was renewed, at the late session, we have witnessed a similar revolution in Connecticut and Louisiana, and very important changes, perhaps equivalent to revolutions, in the strength of parties in other States. There is little reason to doubt, if all the electors of the country could be polled to-day, that a great and decisive majority would be found against all this strange policy. Yet, Gentlemen, I do not consider the question, by any means, as decided. The policy is not abandoned. It is to be persisted in. Its friends look for a reaction in public opinion. I think I understand their hopes and expectations. They rely on this _reaction_. Every thing is to be accomplished by _reaction_. A month ago, this reaction was looked for to show itself in Louisiana. Altogether disappointed in that quarter, the friends of the policy now stretch their hopes to the other extremity of the Union, and look for it in Maine. In my opinion, Gentlemen, there can be no reaction which can reconcile the people of this country to the policy at present pursued.

There must, in my opinion, be a change. If the administration will not change its course, it must be changed itself. But I repeat, that the decision now lies with the people; and in that decision, when it shall be fairly p.r.o.nounced, I shall cheerfully acquiesce. We ought to address ourselves, on this great and vital question, to the whole people, to the candid and intelligent of all parties. We should exhibit its magnitude, its essential consequence to the Const.i.tution, and its infinite superiority to all ordinary strifes of party. We may well and truly say, that it is a new question; that the great ma.s.s of the people, of any party, is not committed on it; and it is our duty to invoke all true patriots, all who wish for the well-being of the government and the country, to resist these experiments upon the Const.i.tution, and this wild and strange departure from our hitherto approved and successful policy.

At the same time, Gentlemen, while we thus invoke aid from all quarters, we must not suffer ourselves to be deceived. We must yield to no expedients, to no schemes and projects unknown to the Const.i.tution, and alien to our own history and our habits. We are to be saved, if saved at all, _in_ the Const.i.tution, not _out_ of it. None can aid us, none can aid the country, by any thing in the nature of mere political project, nor can any _devices_ supply the place of regular const.i.tutional administration. It was to prevent, or to remedy, such a state of things as now exists, that the Const.i.tution was formed and adopted. The time when there is a disordered currency, and a distracted commerce, is the very time when its agency is required; and I hope those who wish for a restoration of general prosperity will look steadily to the light which the Const.i.tution sheds on the path of duty.

As to you and me, fellow-citizens, our course is not doubtful. However others may decide, we hold on to the Const.i.tution, and to all its powers, as they have been authentically expounded, and practically and successfully experienced, for a long period. Our interests, our habits, our affections, all bind us to the principles of our Union as our leading and guiding star.

Gentlemen, I cannot resume my seat without again expressing my sense of grat.i.tude for your generous appreciation of my services. I have the pleasure to know that this festival originated with the Boston mechanics, a body always distinguished, always honored, always patriotic, from the first dawn of the Revolution to the present time.

Who is here, whose father has not told him--there are some here old enough to know it themselves--that they were Boston mechanics whose blood reddened State Street on the memorable 5th of March. And as the tendencies of the Revolution went forward, and times grew more and more critical, it was the Boston mechanics who composed, to a great extent, the crowds which frequented the old Whig head-quarters in Union Street; which a.s.sembled, as occasion required patriots to come together, in the Old South; or filled to suffocation this immortal Cradle of American Liberty.

When Independence was achieved, their course was alike intelligent, wise, and patriotic. They saw, as quick and as fully as any men in the country, the infirmities of the old Confederation, and discerned the means by which they might be remedied. From the first, they were ardent and zealous friends of the present Const.i.tution. They saw the necessity of united councils, and common regulations, for all the States, in matters of trade and commerce. They saw, what indeed is obvious enough, that their interest was completely involved with that of the mercantile cla.s.s, and other cla.s.ses; and that nothing but one general, uniform system of commerce, trade, and imports could possibly give to the business and industry of the country vigor and prosperity. When the convention for acting on the Const.i.tution sat in this city, and the result of its deliberations was doubtful, the mechanics a.s.sembled at the Green Dragon tavern, and pa.s.sed the most firm and spirited resolutions in favor of the Const.i.tution; and when these resolutions were presented to the Boston delegation, by a committee of which Colonel Revere was chairman, they were asked by one of the members, how many mechanics were at the meeting; to which Colonel Revere answered, "More than there are stars in heaven." With statesmanlike sagacity, they foresaw the advantages of a united government. They celebrated, therefore, the adoption of the Const.i.tution by rejoicings and festivals, such, perhaps, as have not since been witnessed. Emblematic representations, long processions of all the trades, and whatever else might contribute to the joyous demonstration of gratified patriotism, distinguished the occasion. Gentlemen, I can say with great truth, that an occasion intended to manifest respect to me could have originated nowhere with more satisfaction to myself than with the mechanics of Boston.