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
On the publication of the Paper in the “Globe,” the Bank summoned a
meeting of the directors and a committee was appointed to take action.
Writing from Boston to Biddle, Webster made the suggestion, which was
adopted, of a memorial to Congress.[659] This memorial, which referred
to the President of the United States as “Andrew Jackson,” indicated a
disposition to consider the approaching struggle as between “Andrew
Jackson” and Nicholas Biddle, between the Bank and the Administration,
and the ill-advised arrogance of the paper showed all too clearly that
the financiers felt that in such a contest the power and the victory
would be on the side of the Bank. And such was the prestige of that
powerful corporation that not a few Democrats, including friends and
supporters of Jackson, shared in the feeling. When Van Buren was
authorized by Jackson to offer the attorney-generalship to Daniel of
Virginia, that timid lawyer admitted that his fears of Jackson’s
rashness and situation dissuaded him.[660] It was not until early in
November that Benjamin F. Butler, yielding to the personal persuasion of
Van Buren, accepted the post. And to obtain his consent it was necessary
to appeal to personal friendship, private interest, pecuniary benefit,
and the allurements of fame.[661]
And almost immediately the storm broke.
VII
“The times will be hard, and the struggle a great one,” wrote Van Buren
to Hamilton, “but the patriotism and fortitude of the people will
triumph.”[662] And Nicholas Biddle did not propose that the
inconvenience should be slight. He was delighted with the order for the
removal. He was convinced that out of the distress in business circles
would come an irresistible demand, not only for the restoration of the
deposits, but for the rechartering of the Bank. This last act of
Jackson’s was the golden opportunity. The advantage would be followed.
The public, which had sustained Jackson at the polls, was to be
punished, or “disciplined,” as Webster mildly described the process.
“This discipline,” wrote the orator to Biddle, who was his client as
well as his party colleague, “it appears to me, must have very great
effects on the general question of the rechartering of the Bank.”
Public-domain text, read in full here on John Shaqi.
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