d he, in 1825, "let us remember that it is
only religion and morals and knowledge that can make men respectable and
happy under any form of government; that no government is respectable
which is not just; that without unspotted purity of public faith,
without sacred public principle, fidelity, and honor, no mere form of
government, no machinery of laws, can give dignity to political society."
Thus did he discourse in those proud days when he was accepted as a
national idol and a national benefactor,--those days of triumph and of
victory, when the people gathered around him as they gather around a
successful general. Ah! how they thronged to the spot where he was
expected to speak,--as the Scotch people thronged to Edinboro' and
Glasgow to hear Gladstone:--
"And when they saw his chariot but appear,
Did they not make an universal shout,
That Tiber trembled underneath her banks
To hear the replication of their sounds
Made in her concave shores?"
But it is time that I allude to those great services which Webster
rendered to his country when he was a member of Congress,--services that
can never be forgotten, and which made him a national benefactor.
There were three classes of subjects on which his genius pre-eminently
shone,--questions of finance, the development of American industries,
and the defence of the Constitution.
As early as 1815, Mr. Webster acquired a national reputation by his
speech on the proposition to establish a national bank, which he
opposed, since it was to be relieved from the necessity of redeeming its
notes in specie. This was at the close of the war with Great Britain,
when the country was poor, business prostrated, and the finances
disordered. To relieve this pressure, many wanted an inflated paper
currency, which should stimulate trade. But all this Mr. Webster
opposed, as certain to add to the evils it was designed to cure. He
would have a bank, indeed, but he insisted it should be established on
sound financial principles, with notes redeemable in gold and silver.
And he brought a great array of facts to show the certain and utter
failure of a system of banking operations which disregarded the
fundamental financial laws. He maintained that an inflated currency
produced only temporary and illusive benefits. Nor did he believe in
hopes which were not sustained by experience. "Banks," said he, "are
not revenue. They may afford facilities for its collection a
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