The History of Tammany Hall: Second EditionMyers, Gustavus
History
The History of Tammany Hall: Second Edition
Myers, Gustavus
New York (N.Y.) -- Politics and government; Tammany Hall (Political organization)
In Albany, Clinton was vigorously pushing forward the Erie Canal
project; the Tammany men were as aggressively combatting it.[2] While
Clinton was thus absorbed in this great public enterprise the Wigwam
was enriching its leaders in manifold ways. An instance of this was
the noted Barker episode. Jacob Barker was a Sachem, a leader of
great influence in the political organization, and such a power in
financial and business circles that at one time he defied the United
States Bank. He and Matthew L. Davis were Burr’s firmest friends to
the hour of Burr’s death. Early in 1818 a bill prohibiting private
banking, prepared at the instance of the incorporated banks, which
sought a monopoly, passed the Senate; though as a special favor to
Barker the Senate exempted from its provisions the latter’s Exchange
Bank for three years. But Barker desired an indefinite lease. To create
a show of public sentiment he had the hall packed with his friends
and creatures on April 14, when resolutions were passed stating that
the proposed bill would destroy all competition with the incorporated
banks, “benefit the rich, oppress the poor, extend the power of
existing aristocracies, and terminate the banking transactions of an
individual whose loans have been highly advantageous to many laborious
and industrious mechanics and neighboring farmers.” The Legislature
granted the privileges Barker asked. A few years later (1826) the
sequel to this legislative favoritism appeared in the form of one of
the most sensational trials witnessed in early New York.
The year 1818 saw Tammany Hall in the unusual position of advocating
a protective tariff. The War of 1812 having injured domestic
manufacturing, the demand for such a measure was general. Party
asperity had softened, and Republicans, or Democrats--as they were
coming to be known--and Federalists alike favored it. The society made
the best of this popular wave. It issued an address, advising moderate
protective duties on foreign goods. But New York then, and until after
the Civil War, was a great shipbuilding center; and the shipbuilders
and owners and the importing merchants soon influenced Tammany to
revert to the stanch advocacy of free trade.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account