Page:Speeches, correspondence and political papers of Carl Schurz, Volume 5.djvu/463

Rh application of those fundamental principles of which Webster had such a masterly grasp; but, notwithstanding this, his deep insight into the nature and conditions of credit, and his thorough study and profound judgment of the functions of banking, made him an invaluable teacher of the science of public finance. Nobody has ever depicted the vices and dangers inherent in an unsound currency, and the necessity of grounding the monetary system upon a firm basis of value, with greater force and more convincing lucidity.

But in spite of the brilliancy and strength of his efforts in opposing Jackson's willful and erratic policies, Webster never became the real leader of the Whig party. Although he was greatly the superior of Clay in wealth of knowledge, in depth of thought, in statesmanlike breadth of view, in solidity of reasoning power and in argumentative eloquence, he fell far behind him in those attributes which in contests for general leadership are apt to turn the scale—the spirit of initiative, force of will, that sincere self-confidence which extorts confidence from others, bold self-assertion in doubtful situations and constant alertness in watching and directing the details of political movements. Clay, therefore, remained the general leader of the Whig party, while Webster, with New England at his back, stood now by his side, now behind him, as in feudal times a great duke, rich in treasure and lands and retainers, himself of royal blood, may have stood now behind, now by the side of his king.

Unhappily for himself, Webster was not satisfied with the theater of action on which his abilities fitted him for the greatest service, and on which he achieved his highest renown. At a comparatively early period of his career he ardently wished to be sent as Minister to England, and he bore a grudge to John Quincy Adams for his failure to gratify that desire. Ever since his “Reply