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642 corrupt understanding between Adams and Clay, and this accusation received color from the fact that Adams promptly offered Clay the portfolio of secretary of state, and Clay accepted it. This was the origin of the &ldquo;bargain and corruption &rdquo; charge, which, constantly repeated, pursued Clay during the best part of his public life, although it was disproved by the well-established fact that Clay, immediately after the result of the presidential election in 1824 became known, had declared his determination to use his influence in the house for Adams and against Jackson. As secretary of state under John Quincy Adams, Clay accepted an invitation, presented by the Mexican and Colombian ministers, to send commissioners of the United States to an international congress of American republics, which was to meet on the Isthmus of Panama, to deliberate upon subjects of common interest. The commissioners were appointed, but the Panama congress adjourned before they could reach the appointed place of meeting. In the course of one of the debates on this subject, John Randolph, of Roanoke, denounced the administration, alluding to Adams and Clay as a &ldquo;combination of the Puritan and the blackleg.&rdquo; Clay thereupon challenged Randolph to a duel, which was fought on 8 April, 1826, without bloodshed. He negotiated and concluded treaties with Prussia, the Hanseatic republics, Denmark, Colombia, Central America, and Austria. His negotiations with Great Britain concerning the colonial trade resulted only in keeping in force the conventions of 1815 and 1818. He made another treaty with Great Britain, extending the joint occupation of the Oregon country provided for in the treaty of 1818; another referring the differences concerning the northeastern boundary to some friendly sovereign or state for arbitration; and still another concerning the indemnity to be paid by Great Britain for slaves carried off by British forces in the war of 1812. As to his commercial policy, Clay followed the accepted ideas of the times, to establish between the United States and foreign countries fair reciprocity as to trade and navigation. He was made president of the American colonization society, whose object it was to colonize free negroes in Liberia on the coast of Africa.

In 1828 Andrew Jackson was elected president, and after his inauguration Clay retired to his farm of Ashland, near Lexington, Ky. But, although in private life, he was generally recognized as the leader of the party opposing Jackson, who called themselves &ldquo;national republicans,&rdquo; and later &ldquo;whigs,&rdquo; Clay, during the years 1829-&rsquo;31, visited several places in the south as well as in the state of Ohio, was everywhere received with great honors, and made speeches attacking Jackson's administration, mainly on account of the sweeping removals from office for personal and partisan reasons, and denouncing the nullification movement, which in the mean time had been set on foot in South Carolina. Yielding to the urgent solicitation of his friends throughout the country, he consented in 1831 to be a candidate for the U. S. senate, and was elected. In December, 1831, he was nominated as the candidate of the national republicans for the presidency, with John Sergeant, of Pennsylvania, for the vice-presidency. As the impending extinguishment of the public debt rendered a reduction of the revenue necessary, Clay introduced in the senate a tariff bill reducing duties on unprotected articles, but keeping them on protected articles, so as to preserve intact the &ldquo;American system.&rdquo; The reduction of the revenue thus effected was inadequate, and the anti-tariff excitement in

the south grew more intense. The subject of public lands having, for the purpose of embarrassing him as a presidential candidate, been referred to the committee on manufactures, of which he was the leading spirit, he reported against reducing the price of public lands and in favor of distributing the proceeds of the lands' sales, after certain reductions, among the several states for a limited period. The bill passed the senate, but failed to pass the house. As President Jackson, in his several messages, had attacked the U. S. bank. Clay induced the bank, whose charter was to expire in 1836, to apply for a renewal of the charter during the session of 1831-&rsquo;2, so as to force the issue the presidential election. The bill renewing the charter passed both houses, but Jackson vetoed it, denouncing the bank in his message as a dangerous monopoly. In the presidential election Clay was disastrously defeated, Jackson receiving 219 electoral votes, and Clay only 49.

On 19 Nov., 1832, a state convention in South Carolina passed an ordinance nullifying the tariff laws of 1828 and 1832. On 10 Dec., President Jackson issued a proclamation against the nullifiers, which the governor of South Carolina answered with a counter-proclamation. On 12 Feb., 1833, Clay introduced, in behalf of union and peace, a compromise bill providing for a gradual reduction of the tariff until 1842, when it should be reduced to a horizontal rate of 20 per cent. This bill was accepted by the nullifiers, and became a law, known as the compromise of 1833. South Carolina rescinded the nullification ordinance, and Clay was again praised as the &ldquo;great pacificator.&rdquo; In the autumn of 1833, President Jackson, through the secretary of the treasury, ordered the removal of the public deposits from the U. S. bank. Clay, in December, 1833, introduced resolutions in the senate censuring the president for having &ldquo;assumed upon himself authority and power not conferred by the constitution and laws.&rdquo; The resolutions were adopted, and President Jackson sent to the senate an earnest protest against them, which was severely denounced by Clay. During the session of 1834-&rsquo;5 Clay successfully opposed Jackson's recommendation that authority be conferred on him for making reprisals upon French property on account of the non-payment by the French government of an indemnity due to the United States. He also advocated the enactment of a law enabling Indians to defend their rights to their lands in the courts of the United States; also the restriction of the president's power to make removals from office, and the repeal of the four-years act. The slavery question having come to the front again, in consequence of the agitation carried on by the abolitionists, Clay, in the session of 1835-&rdquo;6, pronounced himself favor of the reception by the senate of anti-slavery petitions, and against the exclusion of anti-slavery literature from the mails. He declared, however, his opposition to the abolition of slavery in the District of Columbia. With regard to the recognition of Texas as an independent state, he maintained a somewhat cold and reserved attitude. In the session of 1836-&rsquo;7 he reintroduced his land bill without success, and advocated international copyright. His resolutions censuring Jackson for the removal of the deposits, passed in 1834, were, on the motion of Thomas H. Benton, expunged from the records of the senate, against solemn protest from the whig minority in that body.

Martin Van Buren was elected president in 1836, and immediately after his inauguration the great financial crisis of 1837 broke out. At an extra