This scarce antiquarian book is a selection from Kessinger Publishing's Legacy Reprint Series. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment to protecting, preserving, and promoting the world's literature. Kessinger Publishing is the place to find hundreds of thousands of rare and hard-to-find books with something of interest for everyone!

This scarce antiquarian book is a selection from Kessinger Publishing's Legacy Reprint Series. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment to protecting, preserving, and promoting the world's literature. Kessinger Publishing is the place to find hundreds of thousands of rare and hard-to-find books with something of interest for everyone

Purchase of this book includes free trial access to www.million-books.com where you can read more than a million books for free. This is an OCR edition with typos. Excerpt from book: of the United States, which had been unequivocally and emphatically demanded by the people, and of which measure, therefore, Mr. Clay was the most prominent advocate?the exciting debate upon the President's extraordinary and unprecedented Protest; ? in the discussion of all these, and many other questions of minor importance, did this indefatigable and able Statesman participate with his accustomed eloquence and ability, establishing new claims to the respect and admiration of his countrymen, and laying still more broadly the firm foundations of an enduring and overshadowing fame. As an instance of remarkable prescience, displayed by him in 1835, we give a short extract from a speech delivered at this time in the Senate. How truly did he then predict the policy of the administration towards the catastrophe now so widely felt and deplored " There being," said he, " no longer any sentinel at the head of our banking establishments, to warn them, by its information and operations, of approaching danger, the local institutions, already multiplied to an alarming extent, and almost daily multiplying in seasons of prosperity, will make free and unrestrained emissions. All the channels of circulation will be gorged. Property will rise extravagantly high, and, constantly looking up, the temptation to purchase will be irresistible. Inordinate speculation will ensue, debts will be freely contracted, and when the season of adversity comes, as come it must, the banks, acting without concert and without guide, obeying the law of self-preservation, will all at the same time, call in their issues: the vast number will exaggerate the alarm, and general distress, wide-spread ruin, and an explosion of the general banking system, or the establishment of a new Bank of the United States, will be the u...

This scarce antiquarian book is a selection from Kessinger Publishing's Legacy Reprint Series. Due to its age, it may contain imperfections such as marks, notations, marginalia and flawed pages. Because we believe this work is culturally important, we have made it available as part of our commitment to protecting, preserving, and promoting the world's literature. Kessinger Publishing is the place to find hundreds of thousands of rare and hard-to-find books with something of interest for everyone!