By the defeat of Mr. Van Buren, in the presidential election of 1840, the administration of government was transferred, for the first time in twelve years, to the Whigs. An extra session of Congress was summoned to assemble in June, 1841, by President Harrison, who, however, died before it came together. At this extra session, it was the purpose of the whig party, under the leadership of Henry Clay, to overthrow all the great measures which the successive democratic administrations had established. The sub-treasury was to be demolished; a national bank was to be incorporated; a high tariff of duties was to be imposed, for purposes of protection and abundant revenue. The whig administration possessed a majority, both in the Senate and the House. It was a dark period for the Democracy, so long unaccustomed to defeat, and now beholding all that they had won for the cause of national progress, after the arduous struggle of so many years, apparently about to be swept away.
The sterling influence which Franklin Pierce now exercised is well described in the following remarks of the Hon. A. O. P. Nicholson:--
“The power of an organized minority was never more clearly exhibited than in this contest. The democratic senators acted in strict concert, meeting night after night for consultation, arranging their plan of battle, selecting their champions for the coming day, assigning to each man his proper duty, and looking carefully to the popular judgment for a final victory. In these consultations, no man’s voice was heard with more profound respect than that of Franklin Pierce. His counsels were characterized by so thorough a knowledge of human nature, by so much solid common sense, by such devotion to democratic principles, that, although among the youngest of the senators, it was deemed important that all their conclusions should be submitted to his sanction.
“Although known to be ardent in his temperament, he was also known to act with prudence and caution. His impetuosity in debate was only the result of the deep convictions which controlled his mind. He enjoyed the unbounded confidence of Calhoun, Buchanan, Wright, Woodbury, Walker, King, Benton, and indeed of the entire democratic portion of the Senate. When he rose in the Senate or in the committee room, he was heard with the profoundest attention; and again and again was he greeted by these veteran Democrats as one of our ablest champions. His speeches, during this session, will compare with those of any other senator. If it be asked why he did not receive higher distinction, I answer, that such men as Calhoun, Wright, Buchanan, and Woodbury were the acknowledged leaders of the Democracy. The eyes of the nation were on them. The hopes of their party were reposed in them. The brightness of these luminaries was too great to allow the brilliancy of so young a man to attract especial attention. But ask any one of these veterans how Franklin Pierce ranked in the Senate, and he will tell you, that, to stand in the front rank for talents, eloquence, and statesmanship, he only lacked a few more years.”