J. M. CLAYTON, Esq.

LETTER FROM MIR. CLAY.
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ON AGRICULTURE AND THE BANKRUPT LAW.

 .4shl0nd, Aug. 20, 1S44.

 My Dear Sr:-T received your letter of the 12th inst. You surprised me by the statement of some opinions which are attributed to me. Nothing can be more unfounded than the assertion that am un- friendly to the protection of agriculture. con- slider that interest in all its departments as the pre- dominant interest in the United States Cotton, Hemp, Wool, manufactures of Tobacco, and other articles of agricultural product are now protected, and If the measure of protection be inadequate no man in the United States would be willing to 90 farther than I would in extending sufficient pro- tection l have never held or expressed any other sentiments. The substance of what have said and which is to be found in my published speeches is, that agriculture in the United States owing to our distance from European countries, needs but little protection. But the principal aim in intro- ducng and protecting manufactures is to benefit ag- riculture by opening new and home market for its surplus productions. Expressions disparaging to agriculture or rafher to the habits oc those who pursue it have been put into my mouth, and para ded at the head even of newspapers I never used such expressions. They have been forged or fabri. cated by political enemies Of all the pursuits of man, consider the cultivation of the earth as the most honorable. It is my own pursuit, and any | refiecting man must at once perceive that could say nothing derogatory of it.

 have already stated in letter which has been published that the General Assembly of Kentucky gave me no instructions to vote for the repeal o the Bankrupt Law Instructions were pending be. fore the Legislature but they fell by disagreement | between the two Houses.

 l consider that the American people have ex. pressed decided disapprobation to the late Bank rupt Law and for one, in deference to that opinion

 do not desire to see that law revived or any other Bankrupt law passed. .l..' 0'N''

 congratulate you. on the satisfactory result ol the August elections, and remain your friend, And obedient servant,

 1 Gen. R. L. CARurHERs. IT. Cr.Ay