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[206] multitudinous bankruptcies of individuals is rich, and was never at any moment more productive than it is now. We could, without injury, bear taxation to thrice the amount that would be needful to put the finances of the general government into the best possible condition. But this subject can be approached only through a discussion and adjustment of the whole tariff; and the tariff is a name that, more than any other, rouses up the sectional feelings and interests, and disturbs the passions of the country. It must, however, be discussed and settled, and that, too, in the course of the months of June and July. The country requires it, and it must be done. That a really wise and judicious tariff will be made, I do not venture to hope; but no doubt, as it seems to me, a tariff equal to the wants of the government will be passed, and after that there will be no more talk of financial difficulties. It is quite ridiculous that they have ever existed, and has been wholly owing to the state of parties; but the mass of the people, who have been forgotten in the strife for office and power, are the real masters, and they have plainly determined that their interests shall no longer be sacrificed. Congress will obey, and, with the settled finances of the country, its prosperity will return.

On our foreign relations, I have always told you, I have no anxiety, Mr. Webster's wisdom and moderation are a guaranty for peace, and Lord Ashburton has so found it. Everything in our relations with England will be settled, and that speedily, and placed on a more firm and satisfactory foundation than they have been before, since the two countries were separated. The only point of any real difficulty has been found to be the Northeastern Boundary. This Mr. Webster has skilfully composed, by asking Maine and Massachusetts to appoint commissioners, with full powers to consent to such an adjustment as they may deem satisfactory, and honorable, to their respective States . . . .

The other points—the affairs of the Creole and the Caroline, with the right of search on the coast of Africa, as explained by Lord Aberdeen—are very easy to adjust, and are in fact adjusted. The whole, too, has been done, as between the principal negotiators, in the best possible spirit. Mr. Webster told me the other day, that he did not think a person, more fitted to the place he fills than Lord Ashburton, could have been found in the Queen's dominions; and I understand Lord Ashburton, on his part, is equally well pleased. The English affairs, then, I consider settled; though, when the treaty comes before the Senate, there will be some factious opposition to it, and though you will not have the official annunciation for a couple of months.


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