But the Congress which was elected in 1832 and which sat from December,
1833, to March, 1835, was not so pliable as that which arranged the
peace with South Carolina. Still, the Senate sustained the Bank by a
decided majority, and in March it formally censured Jackson for his
removal of the deposits. In this Clay was conspicuous, and Webster and
Calhoun were his sympathetic allies. On the other hand, Benton, Silas
Wright, of New York, and John Forsyth, of Georgia, made a most spirited
defense of Jackson and of the cause of the people, as they insisted. In
the House the situation was reversed, and all Biddle's energy and
resolute lobbying failed to secure a favorable vote. It became clear
early in the spring that the President could not be moved, and that
impeachment, which had been the hope and talk of many, would be
impossible. When the weight of public opinion inclined visibly to the
side of Jackson at the end of spring, Clay, who had for some time
doubted the loyalty of Biddle, and who was especially anxious to regain
his former popularity in the West, refused to continue the fight;
Webster, too, lost interest and advised the directors of the Bank that
the cause was lost. Calhoun, who had supported Clay and Webster to
humiliate Jackson, could not retreat; he was again isolated, and he felt
his position bitterly. McDuffie resigned his seat and his chairmanship
in the House in utter disgust. To all but the president of the United
States Bank the case seemed hopeless when Congress adjourned in early
summer without passing any act bearing on the situation. Biddle's remark
in a letter to a friend in Baltimore, "If the Bank charter were renewed
or prolonged, I believe the pecuniary difficulties of the country would
be immediately healed," shows his attitude; and by this time the people
seem to have come to the conclusion that it was not a war of Jackson
upon the Bank so much as a war of the Bank upon the country to compel
the reissue of a charter which was about to expire. Petitions now poured
into Biddle's office and delegations from Middle States cities urged a
change of the Bank's policy; even Albert Gallatin, long a defender and
ardent friend, deserted Biddle. And at last, after the nation's currency
of some hundred millions had been reduced by one third, and when money
rates in New York were running as high as twenty-four per cent, the
order went out to the branch banks to suspend the stringent punitive
measures in order that "We may save our beloved country from the curse
of Van Burenism," as one of the directors described it.
Public-domain text, read in full here on John Shaqi.
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