The Jackson Administration succeeded in securing almost immediately the
desired trade arrangements, and the shipping of the Chesapeake Bay, of
Boston and New York, took its wonted course. This victory was hardly
scored before the new President secured from France formal treaty
recognition of the old spoliation claims arising from the depredations
of Napoleon I, which no former administration had been able to collect.
In 1831 the Government of Louis Philippe agreed to pay these damages to
the amount of 25,000,000 francs. But the French legislature delayed to
vote the necessary appropriations. Jackson, assuming that the
obligations would be met promptly, drew upon the French treasury for the
first installment and asked the National Bank to collect the
bills--somewhat over $900,000. The papers were duly presented in Paris,
but they were dishonored. This happened in 1833, when the Bank was in
the midst of the fight on the President. Biddle, without hesitation,
charged the Government $15,000 for the damage to the reputation of the
Bank because the draft had been dishonored in Paris. The Government
refused to pay the claim, and a lawsuit of ten years followed which was
finally decided against the Bank.
It was at this juncture that Jackson, preparing for the removal of the
deposits, sent Secretary Livingston to France to urge the execution of
the treaty of 1831. Livingston failed to convince the French assembly
that it was necessary either to pay the overdue claims or to execute
certain reciprocity clauses of the treaty. In December, 1834, when the
Bank crisis had passed, the President sent to Congress a message which
asked for the passage of an act authorizing reprisals on French shipping
or other property. Such a warlike proposition, with the explanation
which accompanied it, aroused the country. In commercial centers there
was great excitement, and insurance companies changed their contracts
in expectation of war.
Once more the President was opposed and denounced in the Senate as a
reckless Executive who would rush headlong into war. But the treaty with
France authorized just such procedure as had been suggested, and only
recently France had taken the same course with other countries. It soon
became so clear that Jackson was within his rights and that the country
was behind him, that resolutions were suffered to pass the Senate
virtually approving this part of the message. In the House the vote
indorsing the Executive was unanimous, though it was not thought
advisable to do more than this until there had been ample time for
reconsideration of the subject in France.
Public-domain text, read in full here on John Shaqi.
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