He then reviewed and arraigned with the greatest severity the history of Jackson's administration, abstaining in his characteristic way from all personal attack, but showing, as no one else could show, what had been done, and the results of the policy, which were developing as he had predicted.

He also said that the worst was yet to come.

The speech produced a profound impression.

People were still reading it when the worst really came, and the great panic broke over the country.

Mr.Webster had, in fact, struck the key-note of the coming campaign in the Niblo-Garden speech of 1837.