An earnest patriot, he was no politician; but when his services were needed by city, state, or country, they were always forthcoming. Throughout the series of financial disasters beginning with Andrew Jackson's refusal to renew the charter of the Bank of the United States, and culminating in the panic of 1837, Mr. Ward acted with vigor, decision, and sagacity. His denunciation of the removal of the public deposits from the Bank of the United States by the famous Specie Circular as "an act so lawless, violent, and fraught with disaster, that it would and must eventually overthrow the men and the party that resorted to it," was justified, literally and entirely. The crisis of 1836-37 called for all the strength, wisdom, and public spirit that the men of the country could show. Mr. Ward labored day and night to prevent the dishonor of the banks of New York. "Individual effort, however, was vain, and the 10th of May saw all the banks reduced to suspend specie payments; and upon no man did that disastrous day close with deeper mortification than upon him. Personally, and in his business relations, this event affected Mr. Ward as little possibly as any one at all connected with affairs; but, in his estimation, it vitally wounded the commercial honor and character of the city. He was not, however, a man to waste, in unavailing regrets, hours that might be more advantageously employed to repair the evil, and he therefore at once set about the arrangement of measures for inducing and enabling the banks to resume at the earliest possible moment."[13] [13] _The Late Samuel Ward_, by Mr. Charles King. This was accomplished within the year. About the same time the Bank of England sent to Prime, Ward & King a loan of nearly five million dollars in gold. Mr. King says, "This extraordinary mark of confidence, this well-earned tribute to the prudence and integrity of the house, Mr. Ward did not affect to undervalue, and confirming, as it did, the sagacity of his own views, and the results which he had so confidently foretold, it was not lost upon the community in the midst of which he lived." Our mother never forgot the afternoon when Brother Sam came into her study on his return from Wall Street and cried out to her:-- "Julia, men have been going up and down the office stairs all day long, carrying little wooden kegs of gold on their backs, marked 'Prime, Ward & King' and filled with English gold!" That English gold saved the honor of the Empire State, and the fact that her father procured the loan was the greatest asset in her inheritance from the old firm.