W CI.AY IN RALEIGH.
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az SIX O'CLOCK, anu look a TIC IesueASS "


Gov. Morehead. He was met a few hundred


yards beyond The Depot by fise or six hundred


persons, and welcomed as the. guest of tie State,
BY Mr. Badger, of this City; and on Saturday


he made the speech, to an assemblags of twelve or


fifteen hundred persons, exclusive of those who


were present from the city. It-is our purpose to


give as plain and correct outline of this speech


as we can, reserving our remarks until the outline
! shall have been completed.


He commenced by complimenting the State for


its high and sober character; alluded to the Meek
,enbufg Declaration; pronounced the State House


finished and elegant specimen of architecture;
and expressed great pleasure in having for the


first time, set foot upon the soil of the capitol of


North Carolina. He said he came, not. as an


electioneerer, but as private citizen, 10 crafty
wish he had long cherished; and that he desired
Ito break no man from his allegiance to his party


Indeed he held party feaIty subordinate to the great


interests of the country and not to be preserved
when it came in conflict with those duties of the
citizen which are higher and holier in their ma
ture He then proceeded to draw what he con-


ceived to be the lines between the two great par


ties. He said the great and radical difference be-
tween them seemed to be, that the Wing party was
a law-Ioving and law-abiding party; whereas,


the democratic party was inclined to disobey the


laws and to set the regularly constituted AUTHORITIES


at defiance. To prove this charge upon the de-


mocratic party, he alluded to the action of the


present House of Representatives in relation 10 the


law Of the last Congress districting the States;


took up the case of the suffrage men OF Rhode


Island, and pronounced them rebels and disoTgan-


izers; and cited Mississippi as democratic re-


pudiating State. In addition to this, he alluded


10 the refusal of certain States to receive portion


Of the land money, and charged them in so refus-


ing with having violated. at the instigation of the


democratic party, the established law Of the land.
He then proceeded to enforce his measures, and,


as the most prominent and important of them all,


he took up the question ofthe tariff. He said the


country ought TO encourage its domestic industry


that it ought not to be dependent upon other coun


tries for food and raiment; that we ought to en-


courage manufactures in order to prepare in peace


for state of war; that we could do this by To-
eating the wealth Of manufacturers in particular
spots, OF that in doing il, this wealth would be So


located; and that as England took no bread stuffs
from Us, we ought to retalate by taxing out her
products He said he was identified with the pre-
teenVe policy; that he wanted to see it kept up
and thGt he should hold on to 1t, because II ena-
bled to compete with other nations in the manu-
featuring arts rendered US independent OF foreign
supplies and bulk up a, market for ps at home.


He was not, however, for the system Of prohibf
ton. He was as much opposed 10 that as he was
free trade, which, he said, the favorite sys
TEN Of the democratic party. Protection, be said,
had been the settled policy for thirty years, and
the issue was between protection and free trade. |
He justified the present tariff; said it was shed
ding its rich blessings the people, and exhibit
ed silk handkerchief manufactured in this State,
and asked the people what they thought of party
that opposed system which was diffusing so ma
ny benefits and blessings He was willing, how
ever, to conciiiate and compromise We had
great and varied country" What suited one portion
might not suit another; our Constitution itself
was based on compromise, and compromise was
tariff for reUsnue, discriminating for protection.


Mr.. Clay next took up the question of the cur
rency. He said a national currency was as ne
;essary as any thing thatwas national; that other
nations had their navies and armies, and we had
lavies and armies to match them; and that as t
England had her Bank, so we ought to have a
National Bank to enable US to compete with her
n commerce and in regulating the exchanges of l
he world. He said, moreover, that National {
Bank was necessary to control, guide, counsel, q
md correct the State Banks; and that the great +
ssue on the question of the currency was, = t
ween sound State Banks controlled by National C
Bank, and specie circulation. He also Indirect u
y apologized for the conduct Of the late National
Sank, by asking when and where the Liberties of ii
lations had been endangered BY similar institu- n
ions. .-s@s go - Il
Towards the conclusion Of his remarks ban u
er with coon upon it, with his claws upon the 6
hroat of Chapman's Grower, was borne before a
i'm. This gave him occasion to allude to coon. C
kins, songs, and hard-cider, which he did in u
manner that must have panied the more intelli-
,ent portion Of his auditors He said it was :,
that same old told his followers that =
hese things-these pictures of coons, and the
ongs, and the hard-cider, were innocent instru-
sents; and that the democrats must meet them, :.