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
The conduct of the President in the matter of the vetoes of the two bank
bills produced revolt against him in the party; and the Whigs of the two
Houses of Congress held several formal meetings to consider what they
should do in the new condition of affairs. An address to the people of
the United States was resolved upon. The rejection of the bank bill gave
great vexation to one side, and equal exultation to the other. The
subject was not permitted to rest, however; a national bank was the
life—the vital principle—of the Whig party, without which it could not
live as a party; it was the power which was to give them power and the
political and financial control of the Union. A second attempt was made,
four days after the veto, to accomplish the end by amendments to a bill
relating to the currency, which had been introduced early in the
session. Mr. Sargeant of Pennsylvania, moved to strike out all after the
enacting clause, and insert his amendments, which were substantially the
same as the vetoed bill, except changing the amount of capital and
prohibiting discounts on notes other than bills of exchange. The bill
was pushed to a vote with astonishing rapidity, and passed by a decided
majority. In the Senate the bill went to a select committee which
reported it back without alteration, as had been foreseen, the committee
consisting entirely of friends of the measure; and there was a majority
for it on final passage. Concurred in by the Senate without alteration,
it was returned to the House, and thence referred to the President for
his approval or disapproval. It was disapproved and it was promulgated
in language intended to mean a repudiation of the President, a permanent
separation of the Whig party from him, and to wash their hands of all
accountability for his acts. An opening paragraph of the address set
forth that, for twelve years the Whigs had carried on a contest for the
regulation of the currency, the equalization of exchanges, the
economical administration of the finances, and the advancement of
industry—all to be accomplished by means of a national bank—declaring
these objects to be misunderstood by no one and the bank itself held to
be secured in the Presidential election, and its establishment the main
object of the extra session. The address then proceeds to state how
these plans were frustrated:
Public-domain text, read in full here on John Shaqi.
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