The ruin which Jackson's wild policy had prepared was close at hand, and three months after the inauguration the storm burst with full fury.

The banks suspended specie payments and universal bankruptcy reigned throughout the country.

Our business interests were in the violent throes of the worst financial panic which had ever been known in the United States.

The history of Mr.Van Buren's administration, in its main features, is that of a vain struggle with a hopeless network of difficulties, and with the misfortune and prostration which grew out of this wide-spread disaster.

It is not necessary here to enter into the details of these events.