Vermont phÅ“nix. [volume] (Brattleboro, Vt.) 1834-1955, 1839-08-30
NO. So.
Mr.. CLAY's SPEECH AT
SARATOGA


Advertiser, who was present at the reception
OF Mr.. Clay at Saratoga, gives the following
outline OF the speech OF the Kentucky Sena-
tor
After brief pause Mr. Clay commenced
speaking in reply. Hew somewhat hoarse
from previous exertions. fatigued by his jour
ney, and evidently oppressed, ifnot embar-
rasssed BY the spectacle around him. He
began slowly. and stated the original object
OF his journey, which was honestly intended
TO be private. His object was health and
recrea,ion--to gaze for the FIRST time upon
the stupendous cataract of Niagara, the
greatest natural curiosity in the world-to
visit the rich Western garden Of New York,
of which he had heard so much---to view
the mighty ST. Lawrence, second only TO
the father Of rivers in his own country, and
the great outlet or connecting link Of our
mighty inland seas with the ocean--and
TO visit for the first time the celebrated foun-
.ains Of Saratoga.
Nothing was more remote from his inten-
tons than a public journey and parade like
that Of this day. But from the moment Of
his treading the soil Of New York at Buffalo,
through the range of beautiful towns in the
western part Of this State, until his arrival
in Ogdensburg.he had been so overwhelmed
with the kindness Of the people, that at
length he was obliged 10 escape for time
for refuge, TO the dominions Of the young
and beautiful Queen of England. Ia the
Canadas, too. he had every where been recei-
we'd and treated with the greatest kindness
and attention. And now, on reaching the
State IN. Y. again be was overwhelmed
by attentions like those which he had most
unexpectedly welcomed on this occasion.
Having concluded beautiful exordium,
he proceeded TO speak upon the topics which
il had been intiinaied 10 him the people
would expect him to discuss. He avowed
himself in principle democrat He was,
however, not a democrat of the modern
school, but ofthc school Of l798--a demo-
cratic republican. deriving bis principles
from Jefferson and Madison and Franklin,
and the fathers of the republic He then
proceeded 10 point out the radical difference
existing between the democratic republican,
ism of '9s, and Of the present day. The
democracy then was jealous ofthe accumu-
lation of Executive power.
It was held in those days. that the Execu-
tive must bend to the will OF the people,
when clearly and calmly expressed. But
very different is the democracy of which so
much is quoted at the present day. which
inculcates The doctrine that the people must
bow 10 the opinions of the Executive He
illustrated his position by a history Of the
sub-Treasury system, which thrice ,repuda-
ted by the people, is yet persisted in by the
Executive, as announced in his recent
speech at Castle Garden He commented
upon this subject at length. and only regret
ted that he could not discern his liule friend
The President among the crowd. that he
might pay his respects 10 him in person.
His next point was the financial condition
oftbe country in the discussion of which
he had occasion TO review the history of the
administration OF Mr. Adams, with which
he was connected. In this part of the speech
he was exceedingly hnppy-showing with
the pencil of satire, and with inimitabe ef-
feet. the differences in regard to the 6nan-
cial administration OF Adams, and Jackson
and Van Buren,. The administration Of
Mr. Adams. with an expenditure of twelve
millions and half per annum, was hunted
down by the cry Of extravaganza. while the
economists who succeeded him, had cut the
annual expenditures down from thirteen TO
hiriy-mins millions per annum
: But we have not room to sketch the points
even that have been retained by memory.
The sub Treasury system was farther dis
cussed, and the beauties thereof illustrated
in the examples of Price aud Swartwout
Next in order be discussed the deranged
state OF urrency--reviewng the course. the
experiments. and the quackeiy Of Jackson.
sm--in whose footsteps his successor had
promised to walk-The war upon the Ma
lonal Bank was reviewed, and the result
thereof
In connexion with this subject. he drew
glowing though gloomy picture Of the ex.
isting condition OF things in our commercial
cities-New York in particnlar-where--
our own national bank having been destroy
ed, for the want theIeofour merchants and
bankers. with agitated and trembling ankle
tv, are from week to week awaiting the
movements of our foreign masters, the thir.
teen gentlemen in the green parlor oil the
Bank of England He avowed his belief
that another rational bank was necessary
but he hoped it would be proposed by no
one, until It should be sternly demanded
once more by the people
He next discussed the conduct OF the pres
ent and late executive in their general course
OF usurpaiion-their appointments TO office
rewards of friends and Furnishing Of enc
mies-appoinling to Office. nlmos, invaria
bly,, those who have been discarded by III,
people. and those who have been treacherou.
to the people. Facts in illustration were
: given oithe most startling character. which
we have not space 10 enumerate.
In conclns;op Mr. CLAW nressed unou The