Life of James Buchanan, Fifteenth President of the United States. v. 1 (of 2)Curtis, George Ticknor
History
Life of James Buchanan, Fifteenth President of the United States. v. 1 (of 2)
Curtis, George Ticknor
Buchanan, James, 1791-1868
Taking the entire composition of the Senate at that period, with the
opposing forces of the Democratic and the Whig parties, and with Mr.
Calhoun’s intermediate position, there has never been a period in the
history of that body, when there was more real power of debate
displayed, or when public measures were more thoroughly considered. If
Mr. Clay, Mr. Calhoun and Mr. Webster towered above the other senators,
there were not wanting men who may be said to have approached them in
ability; and if Mr. Clay and Mr. Webster, on the Whig side, sometimes
appeared to give to the opposition a preponderating intellectual force,
it was not always a supremacy that could be said to be undisputed by
their Democratic opponents, although they did for a long time control
the action of the Senate. The country looked on upon these great
senatorial contests with predilections which varied, of course, with the
political feelings and associations of men; but the President, his
measures and his policy, notwithstanding the power of the Senatorial
opposition, continued to grow in the popular favor, and to receive
constant proofs of the popular support. To some of the principal
questions of the time I now turn. The first in which Mr. Buchanan took
part, soon after he entered the Senate, related to the conduct of
France.
In 1831 a convention was concluded between the United States and the
government of King Louis Philippe, by which the latter bound itself to
pay to the United States twenty-five millions of francs, for the
liquidation of certain claims of American citizens against France, and
to be distributed to the claimants by the American Government, as it
should determine. The Government of the United States, on its part,
engaged to pay to the French government one million five hundred
thousand francs, to liquidate the claims, urged by the French government
for its citizens, on the United States, and to be distributed by the
French government, as it should determine. Each party bound itself to
pay its stipulated sum in six annual instalments: those payable by the
United States to be deducted from the larger sums payable by France. The
first French instalment, $4,166,666.66, became due at the expiration of
one year next following the exchange of ratifications. The exchange of
ratifications took place February 2d, 1832, and consequently the first
French instalment became due on the 3d of February, 1833. A bill of
exchange was drawn by the Secretary of the Treasury on the French
Minister of Finance, for the amount of the instalment, and sold to the
Bank of the United States. Payment was refused at the French Treasury
when the bill was presented, for the reason that the Legislative
Chambers had made no appropriation to meet the instalment. We have seen
that when Mr. Buchanan was in Paris, in the summer of 1833 he held
conversations on this matter with the Duc de Broglie and Count Pozzo di
Borgo; from which it appears that moderate and rational persons in
Public-domain text, read in full here on John Shaqi.
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