speech, upon an occasion to which we shall shortly come, was itself an event. Lincoln found in it as inspiring a political treatise as many Englishmen have discovered in the speeches and writings of Burke. Henry Clay was a slighter but more attractive person. He was apparently the first American public man whom his countrymen styled "magnetic," but a sort of scheming instability caused him after one or two trials to be set down as an "impossible" candidate for the Presidency. As a dashing young man from the West he had the chief hand in forcing on the second war with Great Britain, from 1812 to 1814, which arose out of perhaps insufficient causes and ended in no clear result, but which, it is probable, marked a stage in the growth of loyalty to America. As an older man he was famed as an "architect of compromises," for though he strove for emancipation in his own State, Kentucky, and dreamed of a great scheme for colonising the slaves in Africa, he was supremely anxious to avert collision between North and South, and in this respect was typical of his generation. But about 1830 he was chiefly known as the apostle of what was called the "American policy." This was a policy which aimed at using the powers of the national Government for the development of the boundless resources of the country. Its methods comprised a national banking system, the use of the money of the Union on great public works, and a protective tariff, which it was hoped might chiefly operate to encourage promising but "infant" industries and to tax the luxuries of the rich. Whatever may have been the merits of this policy, which made some commotion for a few years, we can easily understand that it appealed to the imagination of young Lincoln at a time of keen political energy on his part of which we have but meagre details.