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 committee of investigation submitted three reports. The majority
report charged usury, the issuance of branch bank notes as currency, the
selling of coin, loans to editors, brokers, and members of Congress,
donations to roads and canals, the construction of houses to rent and
sell, and the sale of stock obtained from the Government through special
acts of Congress. The minority report, and that of Adams, who reported
separately, were laudatory of the institution. Nothing was proved.
Campaign material was furnished, and nothing more.
In the midst of the fighting, on May 30th, Nicholas Biddle moved upon
the capital and took personal charge of his forces. He entertained at
dinners at Barnard’s. He daily repaired to the Capitol to meet
emergencies. He conferred freely with Livingston and McLane, hoping
through them to conciliate the President. So positive was he that the
investigation, by proving nothing, had disarmed hostility, that he wrote
expansively, on his arrival, of his willingness to consider with Jackson
such modifications as would satisfy the President.[461] In less than a
week he was disillusioned of the idea of an easy triumph. “It has been a
week of hard work, anxiety and alternating hopes and fears,” he wrote
Cadwalader, “but I think that we may now rely with confidence in a
favorable result.”[462] All through June the battle raged in the Senate,
and it was not until July 3d that the “Emperor Nicholas” was able to
write of the passage of the bill by that body, and to “congratulate our
friends most cordially upon their most satisfactory results.” The
victory was achieved by a vote of 28 to 20, with Dallas, Wilkins, and
Poindexter, among the Democrats, voting for the bill. In the House, the
Bank won by a vote of 106 to 84.
“Now for the President,” wrote Biddle. “My belief is that the President
will veto the bill, though that is not generally known or
believed.”[463] And Clay at the same time wrote: “The Bank bill will, I
believe, pass the House, and if Jackson is to be believed, he will veto
it.”[464] Thus, at this stage, it is evident that Biddle had reconciled
himself to Clay’s plan of making the fate of the Bank the issue in the
campaign. Among Jackson’s friends there was no doubt as to his
intentions. Both McLane and Livingston had warned the banker. Three
months before, Hamilton had written a friend that, in the event of its
passage, Jackson would promptly veto the measure. “He is open and
determined upon this point. I conferred with him yesterday upon the
subject. I told him what the Opposition avowed as their motive for
pushing the bill at this session. He replied: ‘I will prove to them that
I never flinch; that they were mistaken when they expected to act upon
me with such considerations.’”[465]
IV
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.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account