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OR,

A HISTORY OF THE WORKING OF THE AMERICAN

GOVERNMENT FOR THIRTY YEARS,

FROM 1820 TO 1850.

CHIEFLY TAKEN

FROM THE CONGRESS DEBATES, THE PRIVATE PAPERS OF GENERAL JACKSON,

AND THE SPEECHES OF EX-SENATOR BENTON, WITH HIS

ACTUAL VIEW OF MEN AND AFFAIRS:

WITH

HISTORICAL NOTES AND ILLUSTRATIONS, AND SOME NOTICES OF EMINENT

DECEASED COTEMPORARIES.

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BY A SENATOR OF THIRTY YEARS.

IN TWO VOLUMES.

VOL. II.

NEW YORK:
D. APPLETON AND COMPANY,

846 & 349 BROADWAY.
BOSTON: FREDERICK PARKER.

1856.

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CONTENTS OF VOLUME II.

CHAP

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PAGE OHAP .

PAGE

1 Inauguration of Mr. Van Buren

7 XXII. Mr. Clay's Resolution in Favor of Resum-

II. Financial and Monetary Crisis-General Sus-

ing Banks, and Mr. Benton's Remarks

pension of Specie Payments by the Banks

upon

it

91

III. Preparation for the Distress and Suspen-

XXIII. Resumption by the Pennsylvania United

sion

11

States Bank; and others which followed

IV. Progress of the Distress, and Preliminaries

her lead.

94

for the Suspension

16 XXIV. Proposed Annexation of Texas-Mr. Pres-

V. Actual Suspension of the Banks—Propaga-

ton's Motion and Speech-Extracts

94

tion of the Alarm

20 XXV. Debate between Mr. Clay and Mr. Cal-

VI. Transmigration of the Bank of the United

houn, Personal and Political, and lead.

States from a Federal to a State Institu-

ing to Expositions and Vindications of

tion

23

Public Conduct which belong to His-

VII. Effects of the Suspension-General Derange-

tory

97

ment of Business Suppression and Ridi-

XXVI. Debate between Mr. Clay and Mr. Cal-

cole of the Specie Currency-Submission

houn-Mr. Clay's Speech-Extracts 101

of the People--Call of Congress

26 XXVII. Debate between Mr. Clay and Mr. Calhoun

VIII. Extra Session--Message, and Recommenda-

-Mr. Calhoun's Speech-Extracts

103

tions

28 XXVIII. Debate between Mr. Clay and Mr. Calhoun

IX. Attacks on the Message--Treasury Notes 82

-Rejoinders by each

112

X. Retention of the Fourth Deposit Instalment 86 XXIX. Independent Treasury, or, Divorce of

XI. Independent Treasury and Hard Money Pay-

Bank and State-Passed in the Senate

ments.

89

- Lost in the House of Representa-

XIL Attempted Resumption of Specie Payments

tives

124

XIIL Bankrupt Act against Banks

43 XXX. Public Lands-Graduation of Price-Pre-

XIV. Bankrupt Act for Banks - Mr. Benton's

emption System-Taxation when Sold 128

Speech

45 XXXI. Specie Basis for Banks-One-third of the

XV. Divorce of Bank and State-Mr. Benton's

Amount of Liabilities the Lowest Safe

Speech

56

Proportion-Speech of Mr. Benton on

XVL First Regular Session under Mr. Van Bu-

the Recharter of the District Banks 128

ren's Administration-His Message

65 XXXII. The North and the South-Comparativo

XVII. Pennsylvania Bank of the United States-

Prosperity -- Southern Discontent- Its

Its use of the Defunct Notes of the ex-

True Cause

180

pired Institution

67 XXXIII. Progress of the Slavery Agitation-Mr. Cal-

XVIIL Florida Indian War-Its Origin and Cona

houn's Approval of the Missouri Compro-

duct

70

mise

184

XIX. Florida Indian War-Historical Speech of XXXIV. Death of Commodore Rodgers, and Notice

Mr. Benton

T2

of his Life and Character

144

XX. Resumption of Specio Payments by the New XXXV. Anti-duelling Act

148

York Banks

83

XXXVI. Slavery Agitation in the House of Repre-

XXI. Resumption of Specie Payments-Historical

sentatives, and Retiring of Southern

Notices-Mr. Benton's Speech-Extracts 85

Members from the Hall

160

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