Chambers, there is a greater disposition to abstract speculations, but the reference is always, in form at least, to acknowledged and received principles. No individual, as far as we are informed, ever undertook even there to broach an entirely new theory upon any subject, and demand, at the same moment, that it should be made the basis of immediate proceedings of the highest moment. To do this was reserved for the statesmen of the Carolina school, and they have done it at every stage in the progress of this business. At the very outset, Mr. McDuffie one fine morning rises in the House of Representatives, and, after entertaining his colleagues with a dissertation on the abstract principles of political economy, concludes by saying to them,--'Gentlemen, all this is entirely new: nobody ever heard of it before; it is directly opposed to all the received opinions on this subject; Adam Smith, Say, Ricardo, Hamilton, Gallatin know nothing about it, but so it is;--_ipse dixi_;--I have said it, and you will of course act upon it, and change at once the whole basis of your economical legislation.' The majority, as might naturally have been expected, decline complying with this polite proposal. This refusal is the intolerable grievance, of which the Carolina gentlemen are now complaining. What shall be the remedy?--At this point Mr. Calhoun in his turn takes the field, with an entirely new theory on the principles of the Constitution; for the very statement of which he is obliged to invent new forms of language, and which goes to nothing less than giving to one member of the body politic a right of controlling the action of all the rest. Novel, dangerous as, on the face of it, it is, this speculation too must be made the basis of immediate action: and sorry we are to say, that its author has found, in his own State, a majority of the community prepared to act upon it. For ourselves, we cannot recognise such a mode of proceeding as judicious, customary, or at all admissible in the practical administration of a wise and great people.