Excerpt from Mr. Webster's Remarks Upon That Part of the President's Message Which Relates to the Revenue and Finances: Delivered in the Senate of the United States, December 16 and 17, 1840
States 1n the Bank of the United States for which bonds had been given to the Treasury by the Bank of the United States of Pennsylvania, which bonds are now paid, there have been received eight millions. Now, sir, these are all items of a pre-existing fund, no part of which has accrued since January, 1837.
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Daniel Webster was a leading American statesman during the nation's Antebellum Period. He first rose to regional prominence through his defense of New England shipping interests. His increasingly nationalistic views and the effectiveness with which he articulated them led Webster to become one of the most famous orators and influential Whig leaders of the Second Party System.
Daniel Webster was an attorney, and served as legal counsel in several cases that established important constitutional precedents that bolstered the authority of the Federal government. As Secretary of State, he negotiated the Webster-Ashburton Treaty that established the definitive eastern border between the United States and Canada.
Webster tried three times to achieve the Presidency; all three bids failed, the final one in part because of his compromises. Similarly, Webster's efforts to steer the nation away from civil war toward a definite peace ultimately proved futile. Despite this, Webster came to be esteemed for these efforts and was officially named by the U.S. Senate in 1957 as one of its five most outstanding members.
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