Beacon Lights of History, Volume 12: American LeadersLord, John
History
Beacon Lights of History, Volume 12: American Leaders
Lord, John
History; United States -- Biography
That subject being disposed of for the present, the attention of
Congress and the country was now turned to the President's war on the
United States Bank. As this most important matter has already been
treated in the lecture on Jackson, I have only to show the course Mr.
Calhoun took in reference to it. He was now fifty-three years old, in
the prime of his life and the full vigor of his powers. In the Senate he
had but two peers, Clay and Webster, and was not in sympathy with either
of them, though not in decided hostility as he was toward Jackson. He
was now neither Whig nor Democrat, but a South Carolinian, having in
view the welfare of the South alone, of whose interests he was the
recognized guardian. It was only when questions arose which did not
directly bear on Southern interests that he was the candid and patriotic
statesman, sometimes voting with one party and sometimes with another.
He was opposed to the removal of deposits from the United States Bank,
and yet was opposed to a renewal of its charter. His leading idea in
reference to the matter was, the necessity of divorcing the government
altogether from the banking system, as a dangerous money-power which
might be perverted to political purposes. In pointing out the dangers,
he spoke with great power and astuteness, for he was always on the
look-out for breakers. He therefore argued against the removal of
deposits as an unwarrantable assumption of power on the part of the
President, which could not be constitutionally exercised; here he
agreed with his great rivals, while he was more moderate than they in
his language. He made war on measures rather than on men personally,
regarding the latter as of temporary importance, of passing interest. So
far as the removal of deposits seemed an arbitrary act on the part of
the Executive, he severely denounced it, as done with a view to grasp
unconstitutional power for party purposes, thus corrupting the country,
and as a measure to get control of money. Said he: "With money we will
get partisans, with partisans votes, and with votes money, is the maxim
of our political pilferers." He regarded the measure as a part of the
"spoils system" which marked Jackson's departure from the policy of his
predecessors.
Public-domain text, read in full here on John Shaqi.
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