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
During this time there were certain unscrupulous speculators, the
buzzards of the panic, whispering commendation into Biddle’s ear while
feathering their own nests through the distress of the people.[675] But
Webster, alarmed at the havoc, had urged Biddle, through Horace Binney,
“that the Bank ought to reduce as slowly and moderately as they can--and
occasionally to ease off--where it is requisite to prevent extreme
suffering.”[676] This advice aroused the banker’s ire and resulted in no
good. It was Biddle’s idea that the Bank’s senatorial champions,
instead of suggesting a policy of moderation, should be using the
distress as an argument for a new charter. “The relief,” he wrote Joseph
Hopkinson, the distinguished lawyer and jurist, “to be useful or
permanent, must come from Congress, and from Congress alone. If that
body will do its duty, relief will come--if not, the Bank feels no
vocation to redress the wrongs of these miserable people. Rely upon
that. This worthy President thinks that because he has scalped Indians
and imprisoned Judges, he is to have his way with the Bank. He is
mistaken.”[677]
VIII
Meanwhile the Bank was encouraging, inspiring, arranging indignation
meetings of the people, where Jackson was arraigned for bringing ruin
upon the community, and petitions were drawn asking for the restoration
of the deposits. Clay, eager to lash the people into fury, had suggested
the plan. “It would be well,” he wrote, “to have a general meeting of
the people to memorialize Congress in favor of a restoration of the
deposits. Such an example [in Philadelphia] might be followed elsewhere;
and it would be more influential as it might be more general.”[678] The
artificial nature of many of the petitions was well understood by the
Jackson leaders, and the usually elegant John Forsyth had referred to
them in the Senate as “these pot-house memorials,” much to the
astonishment of Adams.[679] These petitions, according to the plan,
were, in many instances, taken to Washington by committees that waited
upon the President before presenting them to Congress. Here they were
presented in lugubrious speeches calculatingly designed further to fan
the fears of the people and keep the panic going. When the New York
merchants adopted a memorial and secured the signatures of three
thousand people, Tammany Hall ordered meetings in every ward in the city
to approve of Jackson’s actions.[680] A few days later, between twelve
and fifteen thousand friends of “sound currency by means of a national
bank” met at noon in the park. When Hone, selected to preside, reached
the park, he found an “immense crowd” composed in large part “of the
most respectable mechanics and others of the city--men of character,
respectability, and personal worth, with a few miscreants who went,
perhaps, of their own accord, but were probably sent there to excite
disturbances.” In truth, “the rabble had gotten possession of the
Public-domain text, read in full here on John Shaqi.
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