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
In pursuance of the resolutions providing for an investigation, a
committee was appointed, and with no thought of meeting opposition, it
repaired to Philadelphia, sent Biddle a copy of the resolutions,
informed him of the committee’s presence and its readiness to visit the
Bank on the following day at any hour that he would indicate. Then
followed days of struggle, with the committee obstructed at every turn
by the technical barricades thrown up by John Sergeant. It was not for
nothing, in the old days, that men characterized the cunning as “smart
as a Philadelphia lawyer.” Having exhausted their resources, the
committeemen returned to Washington and prepared reports to the House.
The minority report, submitted by Edward Everett, excused the Bank. The
majority charged contempt of the House, and asked that warrants be
issued for the arrest of Biddle and the directors. A few days later
Adams offered his resolution to discharge the committee from further
duty, setting forth that there had been no contempt, and characterizing
the proposed arrest of Biddle and his directors as “unconstitutional,
arbitrary, and an oppressive abuse of power.” If this resolution was
novel, under the circumstances, the speech in which it was supported was
even more remarkable. “The House has sent a committee to investigate the
affairs of the Bank,” Adams said. “Have they not done it? Not one word
on that subject is to be found in the report. It contains no information
on the affairs of the Bank.”[749] And how could the House enforce its
decrees? he asked. “We have not a soldier to enforce our orders.” And
Adams was more laudatory in his references to the bankers,
“distinguished for their talents,” than he ever was to political friend
or foe.
Thus nothing came of the resolutions. Perhaps nothing was expected. If
the Bank’s curt treatment of the committee amused the business element
and the Whig politicians, it delighted Kendall and Blair, for they knew
how effectively the incident could be used with the masses.
IX
After the adoption of the Poindexter resolutions no further steps were
taken in the Senate until Clay, three weeks later, presented his
resolution ordering the restoration of the deposits. This was in the
midst of the difficulties of the House committee with the Bank. Why,
demanded Benton, had it not been presented in the early part of the
session? Why now with no possibility of concurrence in the House? And
why now in the midst of a controversy between the House and the Bank,
with contempt proceedings pending against the Bank, and the House
awaiting the report of its investigation? What right had the Senate to
interfere in behalf of the Bank? He hoped the Senate would postpone the
consideration of the resolution for a week to permit the House to decide
the question of contempt.[750] Nevertheless, the Senate, by a party
vote, passed the futile resolution.
Public-domain text, read in full here on John Shaqi.
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