wrote, to speak of the presidential election. The popular mind, owing to the prevailing distress, was occupied with schemes of relief. To be sure, the only adequate remedy for existing evils would be a “change of rulers.” Too much delay in considering how that change should be effected was as unadvisable as too great precipitancy. There ought to be a national convention to avoid division and lack of harmony; but all proper means should be used beforehand to concentrate public sentiment upon some candidate. He himself was not anxious — rather was “extremely unwilling” — to be “thrown into the turmoil of a presidential canvass.” But if he “were persuaded” that a majority of his fellow-citizens desired to make him President, his “sense of duty would exact obedience to their will.” And so on. In short, Clay was an aspirant for the Whig nomination for the presidency in 1840, and he desired the preliminary campaign to begin without delay.
Van Buren's message in September, 1837, was a surprise to those who had not considered him a man of courage. He gave a clear exposition of the causes which had brought on the existing distress. He admitted that the policy of depositing the public funds in state banks had proved a failure. He declared himself against a continuation or repetition of the experiment, and as firmly against a restoration of the United States Bank as the fiscal agent of the government. He recommended that the government itself, through its own
