I had against me the general drift of events; the intense hostility of Governor Morton and his friends throughout the State; nearly all the politicians in the District, and nine of its twelve Republican newspapers, and the desperate energy and cunning of trained leaders in both political parties, who had pursued me like vultures for a dozen years. My triumph had no taint of compromise in it, and nothing saved me but perfect courage and absolute defiance of my foes. One of the great compensations of the war was the passage of the Homestead Act of the 20th of May. It finally passed the House and Senate by overwhelming majorities. Among the last acts of Mr. Buchanan's administration was the veto of a similar measure, at the bidding of his Southern masters; and the friends of the policy had learned in the struggle of a dozen years that its success was not possible while slavery ruled the government. The beneficent operation of this great and far-reaching measure, however, was seriously crippled by some unfortunate facts. In the first place, it provided no safeguards against speculation in the public domain, which had so long scourged the Western States and Territories, and was still extending its ravages. Our pioneer settlers were offered homes of one hundred and sixty acres each on condition of occupancy and improvement, but the speculator could throw himself across their track by buying up large bodies of choice land to be held back from settlement and tillage for a rise in price, and thus force them further into the frontier, and on to less desirable lands. In the next place, under the new and unguarded land-grant policy, which was simultaneously inaugurated, millions of acres fell into the clutches of monopolists, and are held by them to-day, which would have gone to actual settlers under the Homestead law, and the moderate land grant policy originated by Senator Douglas in 1850. This was not foreseen or intended. The nation was then engaged in a struggle for its existence, and thus exposed to the evils of hasty legislation. The value of the lands given away was not then understood as it has been since, while the belief was universal that the lands granted would be restored to the public domain on failure to comply with the conditions of the grants. The need of great highways to the Pacific was then regarded as imperative, and unattainable without large grants of the public lands. These are extenuating facts; but the mischiefs of this ill- starred legislation are none the less to be deplored.