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They enlarged the domains of commerce by treaties with all nations, upon the great principle of equal justice to all nations, and special favors to none.
The door of conciliation and compromise is finally closed by our adversaries, and it remains only to us to meet the conflict with the dignity and firmness of men worthy of freedom.
Certainly there was no just cause of complaint from the Northern States - no advantage was ever sought or obtained by them for their section of the Republic.
They all agree, they are all unanimous in Congress, in the States, on the rostrum, in the sanctuary - everywhere they declare that slavery shall not go into the Territories.
Conflicting commercial regulations of the different States shackled and diminished both foreign and domestic trade; hence the power to regulate commerce was conferred.
Besides, we had a large debt, contracted at home and abroad in our War of Independence; therefore the great power of taxation was conferred upon this Government.
I very much regret, in appearing before you at your request, to address you on the present state of the country, and the prospect before us, that I can bring you no good tidings.