Extract from the speech ef Mr. Hayne in

 reply to Mr. Clay.
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The Senator from Kentucky, < MT. Clay, commenced his remarks few days ago, by complaining of the advances of age, and mourned the decay of his eloquence. so eloquenlly as to prove it was still in full vigor. He then went on, Sir, to make a most able and ingenious argument, amply sustaining his high reputation as an accom- plished orator.

 With this example before me, MT. Pres- ident, I an, almost deterred from offering any apology lest should create expecta- tions which it will not certainly be in my power to gratify. And yet, perhaps it may he permitted to one so humble as myself to say that it belongs not to me at any time or under any circumstances, and, least of all, at this moment, and on this oc- casion, to satisfy the expectations of those. if any such there be, who may have come here to wituess the graces of Oratory. or to be delighted with the charms of eloquence. I would not, Sir, on this occasion, play the orator if could. Icame here to-day for higher and far nobler purposes. l stand on this floor as one of the represent atives of high minded, generous and con- fiding people, whose dearest rights and in- terests I am now to vindicate and main- tain. In such situation would lose every thought of myself in the greatness of the cause. Confding in the indulgence of the Senate, and deeply sensible of my inability to do justice to the important sub feet embraced in these resolutions, shall proceed at once in the plain, unadorned language of soberness and truth, to the ex- animation of the question before us.

 The gentleman from Kentucky set out with the declaration that be did not deem it necessary to offer any argument in favor ofthe American System, that the protect ing policy stands self-vindicated-that 1t has scattered its rich fruits over the land and is sustained by the experience of all powerful and prosperous nations" Sir, we meet these positions at once, by assert ing, on our part, that the protecting sys., tenn stands self-condemned condemned in our own country, by the desolation which has followed in its train, and the dis contents it has produced-condemned by the experience of all the world, and the al. most unanimous opinion of enlightened men iu modern times. And now, having fairly joined issue with ttss gentleman. we might put ourselves upon the country and snbmit the case without argument, no' should I have any fears for the result. il tha issue was to be tried and decided by an impartial tribunal, free from the dis turBiDg influence of popular prejudice and