Wlliam Gilmore Simms
Selections from the Letters and Speeches of the Hon. James H. Hammond, of South Carolina >> An Oration on the Life, Character, and Services of John Caldwell Calhoun, Delivered on the 21st November 1850, in Charleston, S.C., at the Request of the City Council >> Page 277

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Page 277

Speech | The Reprint Company; John F. Trow & Co. | 1866, 1978
Transcription 277
with delight the Treaty of Peace, which was ratified
early in 1848.
The first important consequence of the war was an
immense expenditure far exceeding the ordinary
revenues, and entailing on the country a heavy debt,
which has put an end to all prospect of an early
reduction of the Protective Duties. The next was the
overthrow of the political party which conducted it,
by the elevation of one of its successful Generals to
the Presidency ; an event not due so much to the
errors committed by the one, or the wisdom and pat-
riotism displayed by the other party, as to the disgust
felt by a large portion of the people for both, and
their desire to establish for once an administration that
would not be governed by party considerations —a
desire which has been altogether disappointed. The
third great consequence of 'the war has been the
unparalleled excitement occasioned by the attempt
and failure to make a fair division between the Slave-
holding and non-Slaveholding sections of this con-
federacy, of the immense territory acquired from
Mexico an excitement in the midst of which we now
are, and the result of which it is not given us to
foresee.
I have omitted thus far to do more than incidentally
allude to a question of the highest and most vital
interest, which has long and deeply agitated our coun-
try, in the conduct of which Mr. Calhoun has acted
throughout a conspicuous and leading part. At the
period of the- Declaration of Independence, African
Slavery was established in every Colony, and, as late
as the formation of the Constitution, slaves were still
held in every State. But it was a decaying institution
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