A Biography of Henry Clay, the Senator from Kentucky / Containing Also, a Complete Report of All His Speeches; Selections From His Private Correspondence; Eulogies in the Senate and House; and a Poem, by George D. Prentice, Esq.

by Unknown

MR. PRESIDENT AND FELLOW-CITIZENS,

In rising to make the acknowledgments which are due from me, for the sentiment which has been just drunk, and for the honors which have been spontaneously rendered to me on my approach, and during my visit to this city, I feel more than ever the incompetency of all language adequately to express the grateful feelings of my heart. Of these distinguished honors, crowned heads themselves might well be proud. They indeed possess a value far surpassing that of any similar testimonies which could be offered to the chief of an absolute government. There, they are, not unfrequently, tendered by reluctant subjects, awed by a sense of terror, or impelled by a spirit of servility. Here, in this land of equal laws and equal liberty, they are presented to a private fellow-citizen, possessing neither office nor power, nor enjoying any rights and privileges which are not common to every member of the community. Power could not buy nor deter them. And, what confers an estimable value on them to me—what makes them alone worthy of you, or more acceptable to their object, is that they are offered, not to the man, but to the public principles and public interests, which you are pleased to associate with his name. On this occasion, too, they emanate from one of those great productive classes which form the main pillars of public liberty, and public prosperity. I thank you, fellow-citizens, most cordially, for these endearing proofs of your friendly attachment. They have made an impression of gratitude on my heart, which can never be effaced, during the residue of my life. I avail myselfof this last opportunity of being present at any large collection of my fellow-citizens of Ohio, during my present visit, to express my respectful acknowledgments for the hospitality and kindness with which I have been every where received and entertained.

Throughout my journey, undertaken solely for private purposes, there has been a constant effort on my side, to repress, and, on that of my fellow-citizens of Ohio, to exhibit public manifestations of their affection and confidence. It has been marked by a succession of civil triumphs. I have been escorted from village to village, and have every where found myself surrounded by large concourses of my fellow-citizens, often of both sexes, greeting and welcoming me. Nor should I do justice to my feelings, if I confined the expression of my obligations to those only with whom I had the happiness to agree, on a late public event. They are equally due to the candid and liberal of those from whom it was my misfortune to differ on that occasion, for their exercise towards me of all the rights of hospitality and neighborly courtesy. It is true, that in one or two of the towns through which I passed, I was informed, that attempts were made, by a few political zealots, to dissuade portions of my fellow-citizens from visiting and saluting me. These zealots seemed to apprehend, that an invading army was about to enter the town; that it was necessary to sound the bells, to beat the drums, to point the cannon, and to make all needful preparations for a resolute assault, and a gallant defence. They were accordingly seen in the streets, and at public places, beating up for recruits, and endeavoring to drill their men. But I believe there were only a few who were awed by their threats, or seduced by their bounty, to enlist in such a cause. The great body of those who thought differently from me, in the instance referred to, remained firm and immovable. They could not comprehend that it was wrong to extend to a stranger from a neighboring state, the civilities which belong to social life. They could not comprehend that it was right to transform political differences into deadly animosities. Seeing that varieties in the mode of worshipping the great Ruler of the universe did not disturb the harmony of private intercourse, they could not comprehend the propriety of extending to mortal man a sacrifice which is not offered to our immortal Father, of all the friendly and social feelings of our nature, because we could not all agree as to the particular exercise of the elective franchise. As independent and intelligent freemen, they would not consent to submit to an arrogant usurpation which assumed the right to control their actions, and to regulate the feelings of their hearts, and they scorned with indignation, to yield obedience to the mandates of would-be dictators. To quiet the apprehensions of these zealots, I assure them, that I do not march at the head of any military force; that I have neither horse, foot, nor dragoon, and that I travel with my friendCharles, (a black boy, residing in my family, for whom I feel the same sort of attachment that I do for my own children,) without sword, pistol, or musket! Another species of attempted embarrassment has been practiced by an individual of this city. About an hour before I left my lodgings for this spot, he caused a packet to be left in my room by a little boy, who soon made his exit. Upon opening it, I looked at the signature, and that was enough for me. It contained a long list of interrogatories, which I was required publicly to answer. I read only one or two of them. There are some men whose contact is pollution. I can recognize no right in the person in question to catechize me. I can have no intercourse with one who is a disgrace to the gallant and generous nation from which he sprang. I cannot stop to be thus interrogated by a man whose nomination to a paltry office, was rejected by nearly the unanimous vote of the senate; I must be excused if, when addressing my friends, the mechanics of Cincinnati, I will not speak from his notes. On the renewal of the charter of the present bank of the United States, which I believe formed the subject of one or two of these interrogatories, I will say a few words for your, not his sake. I will observe, in the first place, that I am not in favor of such a bank as was recommended in the message of the president of the United States, at the commencement of the last session of congress; that, with the committee of the two houses, I concur in thinking it would be an institution of a dangerous and alarming character; and that, fraught as it would be with the most corrupting tendencies, it might be made powerfully instrumental in overturning our liberties. As to the existing bank, I think it has been generally administered, and particularly of late years, with great ability and integrity; that it has fulfilled all the reasonable expectations of those who constituted it; and, with the same committees, I think it has made an approximation towards the equalization of the currency, as great as is practicable. Whether the charter ought to be renewed or not, near six years hence, in my judgment, is a question of expediency to be decided by the then existing state of the country. It will be necessary at that time, to look carefully at the condition both of the bank and of the union. To ascertain, if the public debt shall, in the mean time, be paid off, what effect that will produce? What will be our then financial condition? what that of local banks, the state of our commerce, foreign and domestic, as well as the concerns of our currency generally? I am, therefore, not now prepared to say, whether the charter ought, or ought not, to be renewed on the expiration of its present term. The bank may become insolvent, and may hereafter forfeit all pretensions to a renewal. The question is premature. I may not be alive to form any opinion upon it. It belongs to posterity, and if they would have the goodness to decide for us some of the perplexingand practical questions of the present day, we might be disposed to decide that remote question for them. As it is, it ought to be indefinitely postponed.

With respect to the American system, which demands your undivided approbation, and in regard to which you are pleased to estimate much too highly my service, its great object is to secure the independence of our country, to augment its wealth, and to diffuse the comforts of civilization throughout society. That object, it has been supposed, can be best accomplished by introducing, encouraging, and protecting the arts among us. It may be called a system of real reciprocity, under the operation of which one citizen or one part of the country, can exchange one description of the produce of labor, with another citizen or another part of the country, for a different description of the produce of labor. It is a system which develops, improves, and perfects the capabilities of our common country, and enables us to avail ourselves of all the resources with which Providence has blest us. To the laboring classes it is invaluable, since it increases and multiplies the demands for their industry, and gives them an option of employments. It adds power and strength to our union, by new ties of interest, blending and connecting together all its parts, and creating an interest with each in the prosperity of the whole. It secures to our own country, whose skill and enterprise, properly fostered and sustained, cannot be surpassed, those vast profits which are made in other countries by the operation of converting the raw material into manufactured articles. It naturalizes and creates within the bosom of our country, all the arts; and, mixing the farmer, manufacturer, mechanic, artist, and those engaged in other vocations, together, admits of those mutual exchanges, so conducive to the prosperity of all and every one, free from the perils of sea and war;—all this it effects, whilst it nourishes and leaves a fair scope to foreign trade. Suppose we were a nation that clad ourselves, and made all the implements necessary to civilization, but did not produce our own bread, which we brought from foreign countries, although our own was capable of producing it, under the influence of suitable laws of protection, ought not such laws to be enacted? The ease supposed is not essentially different from the real state of things which led to the adoption of the American system.

That system has had a wonderful success. It has more than realized all the hopes of its founders. It has completely falsified all the predictions of its opponents. It has increased the wealth, and power, and population of the nation. It has diminished the price of articles of consumption, and has placed them within the reach of a far greater number of our people than could have found means to command them, if they had been manufactured abroad instead of at home.

But it is useless to dwell on the argument in support of thisbeneficent system before this audience. It will be of more consequence here to examine some of the objections which are still urged against it, and the means which are proposed to subvert it. These objections are now principally confined to its operation upon the great staple of cotton wool, and they are urged with most vehemence in a particular state. If the objections are well founded, the system should be modified, as far as it can consistently with interest, in other parts of the union. If they are not well founded, it is to be hoped they will be finally abandoned.

In approaching the subject, I have thought it of importance to inquire, what was the profit made upon capital employed in the culture of cotton, at its present reduced price. The result has been information, that it nets from seven to eighteen per cent. per annum, varying according to the advantage of situation, and the degree of skill, judgment, and industry, applied to the production of the article. But the lowest rate of profit, in the scale, is more than the greatest amount which is made on capital employed in the farming portions of the union.

If the cotton planter have any just complaint against the expediency of the American system, it must be founded on the fact, that he either sells less of his staple, or sells at lower prices, or purchases for consumption, articles at dearer rates, or of worse qualities, in consequence of that system, than he would do, if it did not exist. If he would neither sell more of his staple, nor sell it at better prices, nor could purchase better or cheaper articles for consumption, provided the system did not exist, then he has no cause, on the score of its burdensome operation, to complain of the system, but must look to other sources for the grievances which he supposes afflict him.

As respects the sale of his staple, it would be indifferent to the planter, whether one portion of it was sold in Europe, and the other in America, provided the aggregate of both were equal to all that he could sell in one market, if he had but one, and provided he could command the same price in both cases. The double market would indeed be something better for him, because of its greater security in time of war as well as in peace, and because it would be attended with less perils and less charges. If there be an equal amount of the raw material manufactured, it must be immaterial to the cotton planter, in the sale of the article, whether there be two theatres of the manufacture, one in Europe and the other in America, or but one in Europe; or if there be a difference, it will be in favor of the two places of manufacture, instead of one, for reasons already assigned, and others that will be hereafter stated.

It could be of no advantage to the cotton planter, if all the cotton, now manufactured both in Europe and America, was manufactured exclusively in Europe, and an amount of cotton fabricsshould be brought back from Europe, equal to both what is now brought from there, and what is manufactured in the United States, together. Whilst he would gain nothing, the United States would lose the profit and employment resulting from the manufacture of that portion which is now wrought up by the manufacturers of the United States.