I purposely avoid entering upon any discussion respecting the exclusion from the convention of regularly elected delegates from different Democratic States. If the convention which nominated Mr. Douglas was not a regular Democratic convention, it must be confessed that Breckinridge is in the same condition in that respect. The convention that nominated him, although it was composed of nearly all the certain Democratic States, did not contain the two-thirds; and therefore every Democrat is at perfect liberty to vote as he thinks proper, without running counter to any regular nomination of the party. [Applause and cries of “three cheers for Breckinridge and Lane.”] Holding this position, I shall present some of the reasons why I prefer Mr. Breckinridge to Mr. Douglas. This I shall do without attempting to interfere with any individual Democrat or any State Democratic organization holding different opinions from myself. The main object of all good Democrats, whether belonging to the one or the other wing of our unfortunate division, is to defeat the election of the Republican candidates; and I shall never oppose any honest and honorable course calculated to accomplish this object.

To return to the point from which I have digressed, I am in favor of Mr. Breckinridge, because he sanctions and sustains the perfect equality of all the States within their common Territories, and the opinion of the Supreme Court of the United States, establishing this equality. The sovereign States of this Union are one vast partnership. The Territories were acquired by the common blood and common treasure of them all. Each State, and each citizen of each State, has the same right in the Territories as any other State and the citizens of any other State possess. Now what is sought for at present is, that a portion of these States should turn around to their sister States and say, “We are holier than you are, and while we will take our property to the Territories and have it protected there, you shall not place your property in the same position.” That is precisely what is contended for. What the Democratic party maintain, and what is the true principle of Democracy is, that all shall enjoy the same rights, and that all shall be subject to the same duties. Property—this Government was framed for the protection of life, liberty, and property. They are the objects for the protection of which all enlightened governments were established. But it is sought now to place the property of the citizen, under what is called the principle of squatter sovereignty, in the power of the Territorial legislature to confiscate it at their will and pleasure. That is the principle sought to be established at present; and there seems to be an entire mistake and misunderstanding among a portion of the public upon this subject. When was property ever submitted to the will of the majority? [“Never.”] If you hold property as an individual, you hold it independent of Congress or of the State legislature, or of the Territorial legislature—it is yours, and your Constitution was made to protect your private property against the assaults of legislative power. [Cheers.] Well, now, any set of principles which will deprive you of your property, is against the very essence of republican government, and to that extent makes you a slave; for the man who has power over your property to confiscate it, has power over your means of subsistence; and yet it is contended, that although the Constitution of the United States confers no such power—although no State legislature has any such power, yet a Territorial legislature, in the remote extremities of the country, can confiscate your property!

[A Voice. “They can't do it; they ain't going to do it.”]

There is but one mode, and one alone, to abolish slavery in the Territories. That mode is pointed out in the Cincinnati platform, which has been as much misrepresented as anything I have ever known. That platform declares that a majority of the actual residents in a Territory, whenever their number is sufficient to entitle them to admission as a State, possess the power to “form a constitution with or without domestic slavery, to be admitted into the Union upon terms of perfect equality with the other States.” If there be squatter sovereignty in this resolution, I have never been able to perceive it. If there be any reference in it to a Territorial legislature, it has entirely escaped my notice. It presents the clear principle that, at the time the people form their constitution, they shall then decide whether they will have slavery or not. And yet it has been stated over and over again that, in accepting the nomination under that platform, I endorsed the doctrine of squatter sovereignty. I suppose you have all heard this repeated a thousand times.

[A Voice. “We all knew it was a lie!”]

Well, I am glad you did.

How beautifully this plain principle of constitutional law corresponds with the best interests of the people! Under it, emigrants from the North and the South, from the East and the West proceed to the Territories. They carry with them that property which they suppose will best promote their material interests; they live together in peace and harmony. The question of slavery will become a foregone conclusion before they have inhabitants enough to enter the Union as a State. There will then be no “bleeding Kansas” in the Territories; they will all live together in peace and harmony, promoting the prosperity of the Territory and their own prosperity, until the time shall arrive when it becomes necessary to frame a constitution. Then the whole question will be decided to the general satisfaction. But, upon the opposite principle, what will you find in the Territories? Why, there will be strife and contention all the time. One Territorial legislature may establish slavery and another Territorial legislature may abolish it, and so the struggle will be continued throughout the Territorial existence. The people, instead of devoting their energies and industry to promote their own prosperity, will be in a state of constant strife and turmoil, just as we have witnessed in Kansas. Therefore, there is no possible principle that can be so injurious to the best interests of a Territory as what has been called squatter sovereignty.

Now, let me place the subject before you in another point of view. The people of the Southern States can never abandon this great principle of State equality in the Union without self-degradation. [“Never!”] Never without an acknowledgment that they are inferior in this respect to their sister States. Whilst it is vital to them to preserve their equality, the Northern States surrender nothing by admitting this principle. In doing this they only yield obedience to the Constitution of their country as expounded by the Supreme Court of the United States. While for the North it is comparatively a mere abstraction, with the South it is a question of co-equal State sovereignty in the Union.

If the decrees of the high tribunal established by the Constitution for the very purposes are to be set at naught and disregarded, it will tend to render all property of every description insecure. What, then, have the North to do? Merely to say that, as good citizens, they will yield obedience to the decision of the Supreme Court, and admit the right of a Southern man to take his property into the Territories, and hold it there just as a Northern man may do; and it is to me the most extraordinary thing in the world that this country should now be distracted and divided because certain persons at the North will not agree that their brethren at the South shall have the same rights in the Territories which they enjoy. What would I, as a Pennsylvanian, say or do, supposing anybody was to contend that the legislature of any Territory could outlaw iron or coal within the Territory? [Laughter and cheers.] The principle is precisely the same. The Supreme Court of the United States have decided,—what was known to us all to have been the existing state of affairs for fifty years,—that slaves are property. Admit that fact, and you admit everything. Then that property in the Territories must be protected precisely in the same manner with any other property. If it be not so protected in the Territories, the holders of it are degraded before the world.

We have been told that non-intervention on the part of Congress with slavery in the Territories is the true policy. Very well. I most cheerfully admit that Congress has no right to pass any law to establish, impair or abolish slavery in the Territories. Let this principle of non-intervention be extended to the Territorial legislatures, and let it be declared that they in like manner have no power to establish, impair or destroy slavery, and then the controversy is in effect ended. This is all that is required at present, and I verily believe all that will ever be required. Hands off by Congress and hands off by the Territorial legislature. [Loud applause.] With the Supreme Court of the United States I hold that neither Congress nor the Territorial legislature has any power to establish, impair or abolish slavery in the Territories. But if, in the face of this positive prohibition, the Territorial legislature should exercise the power of intervening, then this would be a mere transfer of the Wilmot proviso and the Buffalo platform from Congress, to be carried into execution in the Territories to the destruction of all property in slaves. [Renewed applause.]