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 debate in the Senate following the Veto Message was significant. The
great Field Marshals of the Bank, who had maintained silence until now,
appeared upon the scene with impassioned speeches of denunciation and
solemn warning. The import of the speeches of Clay and Webster could not
have been clearer. They were designed to intimidate the electorate into
voting against Jackson by the most gloomy predictions of panic and
distress. Webster, who spoke first and made by long odds the most
powerful presentation against the Veto, dwelt with funereal melancholy
upon the President’s determination to overturn American institutions,
basing this absurd theory on the unhappy sentence referred to above.
But the one note he struck in the beginning and pounded to the end was
that of intimidation. The country was prosperous and yet there was “an
unaccountable disposition to destroy the most useful and most approved
institutions of the Government.” Unless Jackson should be defeated at
the polls the Bank would fall, and in its fall pull down the pillars of
prosperity and involve all in a common ruin. The Bank would have to call
in its debts at once. The distress would be especially acute in the
States on the Mississippi and its waters--where votes were needed for
Clay. There thirty millions of the Bank’s money was out on loans and
discounts, and how could this be immediately collected without untold
suffering and misery? The great orator, however, evidently afraid that
his hints at the election had been too subtle, soon threw off the mask
boldly.
“An important election is at hand,” he said, “and the renewal of the
Bank Charter is a pending object of great interest, and some excitement.
Should not the opinions of men high in office and candidates for
reëlection be known on this as on other important questions?” And thence
he argued that the life of the Republic, the preservation of the
Constitution, the salvation of society from anarchy, and the prosperity
of the people, were all inseparably interwoven with the National Bank
and the candidacy of Clay. “No old school Federalist,” says Van Buren,
“who had grown to man’s estate with views and opinions in regard to the
character of the people which that faith seldom failed to inspire, could
doubt the efficacy of such an exposition in turning the minds of all
classes of the community in the desired direction.”[477]
If the Veto was satisfactory to the Whigs--to the surprise of the
Democrats--Webster’s avowed purpose to make it the issue in the campaign
was satisfactory to the Democrats--to the equal astonishment of the
Whigs. When the great New England orator sat down, Hugh Lawson White of
Tennessee, a banker, fluent, logical, and forceful, lost no time in
accepting Webster’s “issue.”
Public-domain text, read in full here on John Shaqi.
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