Life of James Buchanan, Fifteenth President of the United States. v. 1 (of 2)Curtis, George Ticknor
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Life of James Buchanan, Fifteenth President of the United States. v. 1 (of 2)
Curtis, George Ticknor
Buchanan, James, 1791-1868
“Let a bankrupt be presented to the view of society, who has become
wealthy since his discharge, and who, after having ruined a number of
his creditors, shields himself from the payment of his honest debts by
his certificate, and what effects would such a spectacle be calculated
to produce? Examples of this nature must at length demoralize any
people. The contagion introduced by the laws of the country would, for
that very reason, spread like a pestilence, until honesty, honor, and
faith will at length be swept from the intercourse of society. Leave the
agricultural interest pure and uncorrupted, and they will forever form
the basis on which the Constitution and liberties of your country may
safely repose. Do not, I beseech you, teach them to think lightly of the
solemn obligation of contracts. No government on earth, however corrupt,
has ever enacted a bankrupt law for farmers; it would be a perfect
monster in this country, where our institutions depend altogether upon
the virtue of the people. We have no constitutional power to pass the
amendment proposed by the gentleman from Kentucky; and if we had, we
never should do so, because such a provision would spread a moral taint
through society which would corrupt it to its very core.”
The next important discussion in which Mr. Buchanan took part was on a
bill relating to the Cumberland Road. Before he entered Congress, a
national turnpike had been built by the Federal Government, extending
from Cumberland in the State of Maryland to Wheeling in the State of
Virginia. It crossed a narrow part of Maryland, passed through a corner
of Pennsylvania, and touched but a small part of Virginia. The principal
interest felt in this work was in the Western States. It encountered
much opposition in Pennsylvania, where a turnpike road had been built,
under State authority, from Philadelphia to Pittsburgh, which was kept
in repair by tolls, and which paid a small dividend to its stockholders.
A national road, supported by the Federal Government, and taking the
travel from the Pennsylvania road was considered in that State as a
grievance. Moreover, whenever the question of appropriating money for
the continued support of this national road, or the alternative of
imposing tolls, arose in Congress, the question of constitutional power
to establish such means of communication necessarily arose at every
stage of the legislation. That legislation is of interest now, inasmuch
as the course taken by Mr. Buchanan illustrates the development of his
opinions upon the constitutional question.
Public-domain text, read in full here on John Shaqi.
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