Life of Henry Clay

Cover Life of Henry Clay
Life of Henry Clay
Schurz, Carl, 1829-1906
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This 1844-1849. 299 was not surprising at a time when the question which most engaged people's minds and feelings did not form a clear issue between the political parties, but rather divided the parties within them- selves. Clay did not appreciate this. In a letter of August 4, 1847, to Daniel Ullmann he had still expressed the opinion that, with the exception of the United States Bank, — which he, too, by that time had dropped as no longer available, — the old issues would still be good for an...other campaign, such as the principle of protection, and internal improvements, and the " alarming increase of the vetoes, " and, added to these subjects, " the Mexi- can war, its causes, the manner of conducting it, and the great national debt " fastened by it on the country. But he was mistaken. The " free-trade " tariff of 1846 had not produced the destruction of prosperity which its opponents had predicted. The hard times, beginning with the crash of 1837, had at last been followed by a revival of business.

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