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
But the senatorial champions of the Bank were to encounter
embarrassments other than those growing out of the action of the House.
In May, Mr. Clay had called upon Taney for a report upon the finances.
At the time this was done, the Senate was being deluged with distress
petitions, mass meetings were being held, and the doleful senatorial
descriptions of wreck and ruin were falling mournfully upon the Senate
Chamber, day by day. It was the middle of June when Taney’s report
reached the Senate. The facts as set forth were in such startling
contrast with conditions as they had been depicted by Clay and his
followers that the Administration leaders, always clever, and always
thinking more of the voters in the country than of the politicians in
the Senate house, determined that it should have the greatest possible
publicity. The day before, Taney had summoned Benton to the Treasury,
and had gone over the report with him, furnishing him with all the data,
and preparing him for a speech that could be sent to the country. As
anticipated, the reading in the Senate had not proceeded far when
Webster arose to move that further reading be dispensed with, and the
report sent to the Finance Committee. Benton objected. The report was
read. Then Benton, in his most flamboyant mood, arose to comment upon
it.
“Well, the answer comes,” he exclaimed with the Bentonian flourish. “It
is a report to make the patriot heart rejoice, replete with rich
information, pregnant with evidences of national prosperity. How is it
received--how received by those who called for it? With downcast looks
and wordless tongues. A motion is made to stop the reading.” But he did
not propose that such a report should be disposed of “in this
unceremonious and compendious style.” No, “a pit was dug for Mr. Taney;
the diggers of the pit have fallen into it: the fault is not his; and
the sooner they clamber out, the better for themselves.” And, regardless
of the embarrassment of the conspirators, he proposed that the country
should know that “never since America had a place among nations was the
prosperity of the country equal to what it is this day.”[751]
In this exordium he did not exaggerate the story of the figures of the
report; and the report did not misrepresent the condition of the
country. The Bank panic had run out. Only its friends were now
suffering, and even Philip Hone in New York was secretly cursing the
name of Biddle.
Public-domain text, read in full here on John Shaqi.
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