"The slavery debate has been really a death-struggle from that moment. Mr. Clay thought not. Mr. Clay was a shrewd politician, but the difference between him and Calhoun was the difference between principle and expediency. Calhoun's sharp, incisive genius has engraved his name, narrow but deep, upon our annals. The fluent and facile talents of Clay in a bold, large hand wrote his name in honey upon many pages. But time is already licking it away. Henry Clay was our great compromiser. That was known, and that was the reason why Mr. Buchanan's story of a bargain with J.Q. Adams always clung to Mr. Clay. He had compromised political policies so long that he had forgotten there is such a thing as political principle, which is simply a name for the moral instincts applied to government. He did not see that when Mr. Calhoun said he should return to the Constitution he took the question with him, and shifted the battle-ground from the low, poisonous marsh of compromise, where the soldiers never know whether they are standing on land or water, to the clear, hard height of principle. Mr. Clay had his omnibus at the door to roll us out of the mire. The Whig party was all right and ready to jump in. The Democratic party was all right. The great slavery question was going to be settled forever. The bushel-basket of national peace and plenty and prosperity was to be heaped up and run over. Mr. Pierce came all the way from the granite hills of New Hampshire, where people are supposed to tell the truth, to an- nounce to a happy country that it was at peace — that its bushel-basket was never so overflowingly full before. And then what ? Then the bottom fell out. Then the gentlemen in the national rope -walk at Washington found they had been busily twining a rope of sand to hold the country together. They had been trying to compromise the principles of human justice, not the percentage of a tariff ; the instincts of human nature and consequently of all permanent government, and the conscience of the country saw it. Compromises are the sheet-anchor of the Union — are they? As the English said of the battle of Bunker Hill, that two such victories would ruin their army, so two such sheet- anchors as the Compromise of 1850 would drag the Union down out of sight forever."