discovery and working of the rich placer mines of California and the
consequent flow, in enormous volume, of her golden treasure into the
Eastern States, could not stay-the wide-spread flood of disaster.
President Fillmore, who had succeeded General Taylor on the latter's
death, frequently called the attention of Congress to the evils produced
by this Free Trade, and to the necessity of protecting our manufactures
"from ruinous competition from abroad." So also with his successor,
President Buchanan, who, in his Message of 1857, declared that "In the
midst of unsurpassed plenty in all the productions and in all the
elements of national wealth, we find our manufactures suspended, our
public works retarded, our private enterprises of different kinds
abandoned, and thousands of useful laborers thrown out of employment and
reduced to want." Further than this, the financial credit of the Nation
was at zero. It was financially bankrupt before the close of Buchanan's
Presidential term.

CHAPTER IV.

POPULAR SOVEREIGNTY.

But now occurred the great Presidential struggle of 1860 --which
involved not alone the principles of Protection, but those of human
Freedom, and the preservation of the Union itself-between Abraham
Lincoln of Illinois, the candidate of the Republican party, as against
Stephen A. Douglas of Illinois, the National or Douglas-Democratic
candidate, John C. Breckinridge of Kentucky, the Administration or
Breckinridge-Democratic candidate, and John Bell of Tennessee, the
candidate of the Bell-Union party. The great preliminary struggle which
largely influenced the determination of the Presidential political
conflict of 1860, had, however, taken place in the State of Illinois,
two years previously. To that preliminary political contest of 1858,
therefore, we will now turn our eyes--and, in order to fully understand
it, it may be well to glance back over a few years. In 1851 the
Legislature of Illinois had adopted--[The vote in the House being 65
yeas to 4 nays.]--the following resolution: "Resolved, That our Liberty
and Independence are based upon the right of the people to form for
themselves such a government as they may choose; that this great
principle, the birthright of freemen, the gift of Heaven, secured to us
by the blood of our ancestors, ought to be secured to future
generations, and no limitation ought to be applied to this power in the