The party battles of the Jackson periodBowers, Claude G. (Claude Gernade)
History
The party battles of the Jackson period
Bowers, Claude G. (Claude Gernade)
Jackson, Andrew, 1767-1845; United States -- Politics and government -- 1829-1837
The Whig politicians were determined that the Bank should be dragged
into politics, and they had their way. The desire of Biddle to accept
compromises proposed by McLane were ruthlessly brushed aside by his
political friends. The story of the meeting at which Clay forced the
issue is significant and dramatic. McLane had summoned Biddle to
Washington and submitted a proposition for a recharter which, he
contended, would meet with the approval of the President. After
returning to Philadelphia and consulting with his directors, an
agreement was reached to accept the compromise. Hurrying back to the
capital, Biddle conceived the unhappy notion of first consulting with
the political friends of the institution in the Congress, before calling
upon McLane. Fatal error!
An historical political conference was called. There, of course, was
Nicholas Biddle, financial American autocrat of his time, elegant,
suave, polished to scintillation, a lover of literature, a brilliant
conversationalist, with a graceful epistolary style, which was as
dangerous to him as loquacity to a diplomat. He had been schooled in
tact while serving as the Secretary of the American Legation at Paris
under Monroe. Clever, unscrupulous, practicing diplomacy where
[Illustration: _N. Biddle_]
straightforward methods would have served better, he had assiduously
cultivated public men until he had created a bipartisan Bank party in
both branches of the Congress. In his Philadelphia home the great men of
his day partook of his hospitality. Before Jackson reached the
Presidency, the president of the Bank of the United States was in better
position to foresee the proceedings of Congress than the responsible
Chief Executive of the people. Instead of concealing his power, he loved
to flaunt it in the face of authority. “Emperor Nicholas” smiled and
bowed blandly to his title.
And there, of course, was Clay, leader of his party, the greatest genius
in the Senate, seemingly destined to the presidential dignity, and for
years one of Biddle’s most trusted friends and advisers. He had been on
the pay-roll of the Bank as its counsel in Kentucky and Ohio.
There, too, was John Sergeant, there by right as chief counsel of the
Bank, but there, too, by right, as Clay’s running mate in the election,
for he had been nominated for Vice-President.
And there sat Webster, upon whose eloquence and wisdom the Bank had
learned to lean. But he sat there that day, less as the champion of the
Bank than as a partisan supporter of Clay and Sergeant.
The compromise proposition was submitted by Biddle, and, after some
pretense at discussion, it was vetoed by Clay and Webster, on the ground
that “the question of a recharter had progressed too far to render any
compromise or change of front expedient.”[455]
Public-domain text, read in full here on John Shaqi.
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