dependence of the administration upon the floor of congress. When, however, the financial system of general Jackson was brought forward and fully developed, it was strenuously opposed by Mr. Webster. He foretold with accuracy the explosion which took place in the spring of 1837, and contributed materially to rally the public opinion of the country alike against the first phase of the new financial system, which was that of an almost boundless expansion of paper currency, issuing from the state banks, and against the opposite extreme, which was adopted as a substitute, that of an exclusive use of specie in all payments to or by the government. Mr. Webster maintained with great force of argument, and variety of illustration, the superior convenience of the financial system which had been adopted in the infancy of the government, with the approval of every administration, from that of Washington down, viz: that of a mixed currency of specie and convertible paper, kept within safe bounds by the law requiring all payments to be made in specie or its equivalent, and regulated by a national institution acting as a check upon the state banks. The clear and forcible manner in which these principles were inculcated by Mr. Webster contributed materially to the downfall of Mr. Van Buren's administration. In 1839, Mr. Webster made a short visit to Europe. His time was principally passed in England, but he devoted a few weeks to the continent. His fame had preceded him to the old world, and he was received with the attention due to his character and talents at the French and English courts, and in the highest circles of both countries. On the accession of General Harrison to the presidency, Mr. Webster was placed at the head of his cabinet as secretary of state. His administration of the department during the two years he remained in it was signalized by the most distinguished success. The United States was at that time involved in a long standing controversy with Great Britain, on the subject of the northeastern boundary of Maine. To this had been added the difficult questions arising out of the detention of American vessels by British cruisers on the coast of Africa. Still more recently, the affair of M'Leod, in New York, had threatened an immediate rupture between the two governments. The correspondence between the United States' minister, in London, in 1841, Mr. Stevenson and the British secretary of state for foreign affairs, Lord Palmerston, was of an uncompromising character. Other causes of mutual irritation existed, which the limits of this sketch do not permit us to enumerate.
Shortly after the accession of General Harrison, the Melbourne administration was overturned in England, and Sir Robert Peel returned to power. This cotemporary change of government in the two countries was favorable to a settlement of the long-standing difficulties. Mr. Webster, after coming into the department of state, intimated to the British minister that the government of the United States was convinced of the impossibility of settling the boundary-line by adhering to the course hitherto pursued—that of topographical explorations, with a view to the literal execution of the treaty of 1783—but was prepared to adopt a conventional line, on the basis of mutual gain and concession, if such a line could be agreed upon. The new ministry, taking advantage of this overture, immediately determined to send Lord Ashburton as a special envoy to the United States, to negotiate upon this and the other subjects in controversy. Massachusetts and Maine were invited to take part by their commissioners
