American politics (non-partisan) from the beginning to date : $b embodying a history of all the political parties, with their views and records on all important questions. Great speeches on all great issues, and tabulated history and chronological events.Cooper, Thomas V. (Thomas Valentine)
History
American politics (non-partisan) from the beginning to date : $b embodying a history of all the political parties, with their views and records on all important questions. Great speeches on all great issues, and tabulated history and chronological events.
Cooper, Thomas V. (Thomas Valentine)
Political parties -- United States; United States -- Politics and government
It was sent to the President, and vetoed by him July 10, 1832; the
message stating his objections being an elaborate review of the subject;
the veto being based mainly on the unconstitutionality of the measure.
The veto was sustained. Following this the President after the
adjournment removed from the bank the government deposits, and referred
to that fact in his next annual message on the second day of December,
1833, at the opening of the first session of the twenty-third Congress.
Accompanying it was the report of the Secretary of the Treasury, Hon.
Roger B. Taney, afterwards Chief Justice of the Supreme Court of the
United States, giving the reasons of the government for the withdrawal
of the public funds. Long and bitter was the contest between the
President on the one side and the Bank and its supporters in the Senate
on the other side. The conduct of the Bank produced distress throughout
the country, and was so intended to coerce the President. Distress
petitions flooded Congress, and the Senate even passed resolutions of
censure of the President. The latter, however, held firm in his
position. A committee of investigation was appointed by the House of
Representatives to inquire into the causes of the commercial
embarrassment and the public distress complained of in the numerous
distress memorials presented to the two Houses during the session; and
whether the Bank had been instrumental, through its management of money,
in producing the distress and embarrassment of which so much complaint
was made; to inquire whether the charter of the Bank had been violated,
and what corruptions and abuses, if any, existed in its management; and
to inquire whether the Bank had used its corporate power or money to
control the press, to interpose in politics, or to influence elections.
The committee were granted ample powers for the execution of these
inquiries. It was treated with disdain and contempt by the Bank
management; refused access to the books and papers, and the directors
and president refused to be sworn and testify. The committee at the next
session made report of their proceedings, and asked for warrants to be
issued against the managers to bring them before the Bar of the House to
answer for contempt; but the friends of the Bank in the House were able
to check the proceedings and prevent action being taken. In the Senate,
the President was sought to be punished by a declination by that body to
confirm the President’s nomination of the four government directors of
the Bank, who had served the previous year; and their re-nomination
after that rejection again met with a similar fate. In like manner his
re-nomination of Roger B. Taney to be Secretary of the Treasury was
rejected, for the action of the latter in his support of the President
and the removal of the public deposits. The Bank had lost much ground in
the public estimation by resisting the investigation ordered and
attempted by the House of Representatives, and in consequence the
Public-domain text, read in full here on John Shaqi.
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