Memoir of the Life of John Quincy Adams.Quincy, Josiah
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Memoir of the Life of John Quincy Adams.
Quincy, Josiah
Adams, John Quincy, 1767-1848
"That this was the true and efficient _cause_," Mr. Adams proceeds,
"of that removal, is evident, not only by the positive testimony of Mr.
Duane, but from the utter futility of the reasons assigned by Mr. Taney.
Mr. Duane states that, on the second day after he entered upon his
duties as Secretary of the Treasury, the President himself declared to
him his determination to cause the public deposits to be removed before
the meeting of Congress. He said that the matter under consideration was
of vast consequence to the country; that, unless the bank was broken
down, it would break us down; that, if the last Congress had remained a
week longer in session, two thirds would have been secured for the bank
by corrupt means; and that the like result might be apprehended the next
Congress; that such a state bank agency must be put in operation, before
the meeting of Congress, as would show that the United States Bank was
not necessary, and thus some members would have no excuse for voting for
it. 'My suggestions,' added Mr. Duane, 'as to an inquiry by Congress, as
in 1832, or a recourse to the judiciary, the President repelled, saying
that it would be idle to depend upon either; referring, as to the
judiciary, to the decisions already made as indications of what would be
the effect of an appeal to them in future.'
"These, then," continued Mr. Adams, "were the effective _reasons_ of
the President for requiring the removal of the deposits _before_ the
meeting of Congress. The corruptibility of Congress itself, and the
foregone decisions of the Supreme Court of the United States, were
alike despised and degraded. The executive will was substituted in the
place of both. These reasons had been urged, without success, on one
Secretary of the Treasury, Louis McLane. He had been promoted out of
office, and they were now pressed upon the judgment and pliability of
another. He, too, was found refractory, and displaced. A third, more
accommodating, was found in the person of Mr. Taney. To _him_ the
reasons of the President were all-sufficient, and he adopted them
without reserve. They were all summed up in one,--_'Sic volo, sic
jubeo, stet pro_ RATIONE _voluntas_.'
"It is to be regretted that the Secretary of the Treasury did not feel
himself at liberty to assign this reason. In my humble opinion it ought
to have stood in front of all the rest. There is an air of conscious
shamefacedness in the suppression of that which was so glaringly
notorious; and something of an appearance of trifling, if not of
mockery, in presenting a long array of reasons, omitting that which lies
at the foundation of them all.
Public-domain text, read in full here on John Shaqi.
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