A Biography of Henry Clay, the Senator from Kentucky: Containing Also, a Complete Report of All His Speeches; Selections From His Private Correspondence; Eulogies in the Senate and House; and a Poem, by George D. Prentice, Esq.
History
A Biography of Henry Clay, the Senator from Kentucky: Containing Also, a Complete Report of All His Speeches; Selections From His Private Correspondence; Eulogies in the Senate and House; and a Poem, by George D. Prentice, Esq.
Clay, Henry, 1777-1852; Speeches, addresses, etc., American
imagination ever invented, trampling upon all order and restraint,
diffusing the wildest intoxication through every department of public
and private life, and making them the rendezvous of the worst evils
known or named among men. The causes of these singular phenomena, a
brief recital of facts, as connected with the subject of our memoir,
will explain; to gather which, we must enter the territory whose
condition we have been anticipating. The first that we notice is the
policy of general Jackson towards the bank of the United States――an
institution which he found in most prosperous circumstances, and
answering every expectation that could be reasonably entertained
in relation to such an establishment, and pronounced by the best
financiers sound and safe. Nevertheless, soon after entering upon his
official duties, he commenced his ‘humble efforts’ at improving its
condition, which, however, aimed at nothing more nor less than making
it subservient to party interests. Attempts were made to accomplish
this, which, however, proved utterly abortive; the president of the
bank replying to them, that its management should not be in any way
connected with politics, and that the position which it should maintain,
would be that of a _faithful and impartial friend_ to the government,
and not that of a party or government politician. Enticement proving
unsuccessful, resort was then had to threats, which, however, failed of
their effect. President Jackson, in his first message, commenced paving
the way for the destruction of the bank, by causing the impression to
be received that it was unsound, and that _the people_ questioned the
constitutionality and expediency of the law by which it was established.
In his second message he intimates the same, and makes such allusions
to the _veto power_ as to show that he designed to employ it, unless
his own peculiar views should be consulted in renewing the charter
of the bank. In his third message he takes similar ground in relation
to it, but says he ‘leaves the subject to the investigation of
the people and their representatives.’ This was promptly made, and
resulted in rechartering the bank, by a vote of one hundred and seven
to eighty-five in the house, which was as promptly vetoed by him.
In his veto message is the following remarkable passage. ‘_If the
executive had been called on to furnish the project of a national
bank, the duty would have been cheerfully performed._’
Public-domain text, read in full here on John Shaqi.
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