On the 7th of April, 1842, Mr. Buchanan addressed the Senate in opposition to a measure advocated by the Whigs, which proposed to pledge and appropriate the proceeds of the public lands to the payment of the interest and principal of the public debt. It must be remembered that this speech was made under very peculiar circumstances, and it is not necessary to reproduce it.

In the spring of the year 1844, it seemed that the old story of “bargain and corruption” in the election of John Quincy Adams in 1825 was about to be revived. General Jackson had again become excited on this subject by persons who wished at once to injure Mr. Clay and Mr. Buchanan. The following letter from Governor Letcher of Kentucky, an ardent admirer of Mr. Clay, informed Mr. Buchanan of what was impending:

[GOVERNOR LETCHER TO MR. BUCHANAN.]

(Private.)Frankfort, June 20, 1844.

My Dear Sir:—

Mr. Clay is very much provoked with General Jackson and other malicious persons for attempting to revive against him that old vile, miserable calumny of “bargain and sale.” It is, I must confess, as you and I both know, a most villanous outrage, and well calculated to excite the ire of any man upon earth. I am not at all surprised that he should feel indignant upon the occasion.

I am told he is resolved upon “carrying the war into Africa.” Indeed I saw him for a few minutes shortly after he returned from Washington, when he alluded in some such terms to the subject. He was quite unwell at the time, and the conversation was very brief. It seems now (I was so informed an evening or two ago) he threatens to make a publication in vindication of his own character. What else he may do or say, I do not know. This much I learn, he will call upon me to give a statement of the conversation which took place between you and himself in my room in reference to the contest then pending between Adams and Jackson.

I shall regret exceedingly if any such call is made upon me. Many years ago, as you remember, a similar call was made, and on my part refused. I do not at present perceive any good reason why I should change my opinion. The truth is, if my recollection serves me, after several interviews with you in regard to the matter, I told you explicitly I did not feel at liberty to give the conversation alluded to, and would not do so under any circumstances, without your express permission. Am I not right in my recollection?

I do not think I shall or can be convinced that my decision as heretofore made is not perfectly correct.

With great regard,