y.

The House has gone farther: it has declared conciliation admissible
_previous_ to any submission on the part of America. It has even shot a
good deal beyond that mark, and has admitted that the complaints of our
former mode of exerting the right of taxation were not wholly unfounded.
That right thus exerted is allowed to have had something reprehensible
in it,--something unwise, or something grievous; since, in the midst of
our heat and resentment, we, of ourselves, have proposed a capital
alteration, and, in order to get rid of what seemed so very
exceptionable, have instituted a mode that is altogether new,--one that
is, indeed, wholly alien from all the ancient methods and forms of
Parliament.

The _principle_ of this proceeding is large enough for my purpose. The
means proposed by the noble lord for carrying his ideas into execution,
I think, indeed, are very indifferently suited to the end; and this I
shall endeavor to show you before I sit down. But, for the present, I
take my ground on the admitted principle. I mean to give peace. Peace
implies reconciliation; and where there has been a material dispute,
reconciliation does in a manner always imply concession on the one part
or on the other. In this state of things I make no difficulty in
affirming that the proposal ought to originate from us. Great and
acknowledged force is not impaired, either in effect or in opinion, by
an unwillingness to exert itself. The superior power may offer peace
with honor and with safety. Such an offer from such a power will be
attributed to magnanimity. But the concessions of the weak are the
concessions of fear. When such a one is disarmed, he is wholly at the
mercy of his superior; and he loses forever that time and those chances
which, as they happen to all men, are the strength and resources of all
inferior power.

The capital leading questions on which you must this day decide are
these two: First, whether you ought to concede; and secondly, what your
concession ought to be. On the first of these questions we have gained
(as I have just taken the liberty of observing to you) some ground. But
I am sensible that a good deal more is still to be done. Indeed, Sir, to
enable us to determine both on the one and the other of these great
questions with a firm and precise judgment, I think it may be necessary
to consider distinctly the true nature and the peculiar circumstances of
the object which we have before us: because, afte