History of the United States, Volume 3Andrews, Elisha Benjamin
History
History of the United States, Volume 3
Andrews, Elisha Benjamin
United States -- History
In 1832 he vetoed a bill for a renewal of its charter, which was to
expire in 1836, and in 1833 he proceeded to break it by removing the
United States deposits which it held. Such removal was by law within the
power of the Secretary of the Treasury. Secretary McLane refused to
execute Jackson's will. He was removed and Duane appointed. Then Duane
was removed and Roger B. Taney appointed, who obeyed the President's
behest. The bank was emptied by checking out the public money as wanted,
at the same time depositing no more, the funds being instead placed in
"pet" state banks, as they were called because of the government favor
thus shown them.
The financial distress rightly or wrongly ascribed to this measure
throughout the country, instead of injuring Jackson, probably, on the
whole, made him still more popular, as showing the power of the bank.
When Congress met in 1833, the Senate passed a vote of censure upon him
for what he had done. Rancorous wranglings and debates pervaded Congress
and the whole land. After persistent effort by Jackson's bosom friend,
Senator Benton, of Missouri, this censure-vote was expunged by the
XXIVth Congress, second session, January 16, 1837. This was before
Jackson left office, and he accounted it the greatest triumph of his
public life.
[1830]
Jackson was somehow fortunate in dealing with foreign nations. It was he
who recovered for American ships that British West Indian trade which
had been so long denied. Negotiations were opened with Great Britain,
which, in 1830, had the result of placing American vessels in the
British West Indian ports at an equal advantage with British vessels
sailing thither from the United States--terms which, through the
contiguity of those islands to us, gave us a trade there better than
that of any other nation. This diplomacy brought the administration much
applause.
When Jackson became President, France was still in our debt on account
of her spoliations upon American commerce after the settlement of 1803.
The matter had been in negotiation ever since 1815, but hitherto in
vain. Jackson took it up with zeal, but with his usual apparent
recklessness. A treaty had been concluded in 1831, as a final settlement
between the two countries, binding France to pay twenty-five million
francs and the United States to pay one and one-half million. The first
instalment from France became due February 2, 1833, but was not paid.
Jackson's message to Congress in 1834, not an instalment having yet been
received, contained a distinct threat of war should not payment begin
forthwith. He also bade Edward Livingston, minister at Paris, in the
same contingency to demand his passports and leave Paris for London.
[1835]
Public-domain text, read in full here on John Shaqi.
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