The Works of Daniel Webster, Volume 1Webster, Daniel
History
The Works of Daniel Webster, Volume 1
Webster, Daniel
United States -- Politics and government -- 1815-1861
What was not less harassing than this diversity was the uncertainty
everywhere prevailing, how far the reputed rate of depreciation in any
particular case might represent justly the real condition of a bank or
set of banks. In other words, men were obliged to make and receive
payments in a currency of which, at the time, the value was not
certainly known to them, and which might vary as it was passing
through their hands. The enormous injustice suffered by the citizens
of different States, in being obliged to pay their dues at the
custom-houses in as many different currencies as there were States,
varying at least twenty-five per cent. between Boston and Richmond,
need not be pointed out. For all these mischiefs the resolution of Mr.
Webster afforded a remedy as efficient as simple; and what chiefly
moves our astonishment at the present day is, that a measure of this
kind, demanded by the first principles of finance, overlooked by the
executive and its leading friends in Congress, should be left to be
brought forward by one of its youngest members, and he not belonging to
the supporters of the administration. But commanding talent and
profound knowledge of the subjects to be treated vindicate to
themselves a position in public bodies, which official relations can
neither confer nor take away. It would not be easy to name a political
measure, in the history of the government, which has accomplished its
design with greater simplicity and directness; and that design one of
paramount importance to the country, and coming home to the business
of every individual.
In all the other public measures brought forward in this Congress for
meeting the new conditions of the country, Mr. Webster bore an active
part, but they furnish no topic requiring illustration. At the close of
the first session, in August, 1816, he executed the project to which we
have already alluded of removing to a wider professional field. After
some hesitation he decided on Boston, in which and its vicinity he has
ever since made his home. He had established friendly relations here at
an early period of life. In no part of the Union was his national
reputation more cordially recognized than in the metropolis of New
England. He took at once the place in his profession which belonged to
his commanding talent and legal eminence, and was welcomed into every
circle of social life.
FOOTNOTES
[4] Lives of the Chancellors, Vol. VII. p. 218; see also p. 301.
[5] The friend to whom the letter referred to by Mr. March was
written, was Mr. Justice Story, who adds: "Such praise from such
a man ought to be very gratifying. Consider that he is now
seventy-five years old, and that he speaks of his recollections
of some eighteen years ago with a freshness which shows how
deeply your reasoning impressed itself upon his mind. Keep this
_in memoriam rei_."
CHAPTER III.
Public-domain text, read in full here on John Shaqi.
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