Lincoln, Abraham, 1809-1865; Presidents -- United States -- Biography; United States -- History -- Civil War, 1861-1865
This session of the Legislature was enlivened by a singular contest
between the Whigs and Democrats in relation to the State banks. Their
suspension of specie payments had been legalized up to "the
adjournment of the next session of the Legislature." They were not now
able to resume, and it was held by the Democrats that if the special
session adjourned _sine die_ the charter of the banks would be
forfeited, a purpose the party was eager to accomplish. The Whigs, who
were defending the banks, wished to prevent the adjournment of the
special session until the regular session should begin, during the
course of which they expected to renew the lease of life now held
under sufferance by the banks--in which, it may be here said, they
were finally successful. But on one occasion, being in the minority,
and having exhausted every other parliamentary means of opposition and
delay, and seeing the vote they dreaded imminent, they tried to defeat
it by leaving the house in a body, and, the doors being locked, a
number of them, among whom Mr. Lincoln's tall figure was prominent,
jumped from the windows of the church where the Legislature was then
holding its sessions. "I think," says Mr. Joseph Gillespie, who was
one of those who performed this feat of acrobatic politics, "Mr.
Lincoln always regretted it, as he deprecated everything that savored
of the revolutionary."
Two years later the persecuted banks, harried by the demagogues and
swindled by the State, fell with a great ruin, and the financial
misery of the State was complete. Nothing was left of the brilliant
schemes of the historic Legislature of 1836 but a load of debt which
crippled for many years the energies of the people, a few miles of
embankments which the grass hastened to cover, and a few abutments
which stood for years by the sides of leafy rivers, waiting for their
long delaying bridges and trains.
Public-domain text, read in full here on John Shaqi.
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