The Reign of Andrew Jackson: A Chronicle of the Frontier in PoliticsOgg, Frederic Austin
History
The Reign of Andrew Jackson: A Chronicle of the Frontier in Politics
Ogg, Frederic Austin
Jackson, Andrew, 1767-1845; United States -- Politics and government -- 1829-1837
The manuscript journal of the session of 1833-1834 was brought into the
Senate, and the secretary, in obedience to the resolution, drew black
lines around the resolution of censure, and wrote across the face
thereof, "in strong letters," the words: "Expunged by order of the
Senate, this sixteenth day of January, in the year of our Lord 1837."
Many members withdrew rather than witness the proceeding; but a crowded
gallery looked on, while Benton strengthened his supporters by
providing "an ample supply of cold hams, turkeys, rounds of beef,
pickles, wines, and cups of hot coffee" in a near-by committee-room.
Jackson gave a dinner to the "expungers" and their wives, and placed
Benton at the head of the table. That the action of the Senate was
unconstitutional interested no one save the lawyers, for the Bank was
dead. Jackson was vindicated, and the people were enthroned. π
π MacDonald, Jacksonian Democracy, p. 239.
The struggle thus brought to a triumphant close was one of the severest
in American political history. In 1836 the Bank obtained a charter from
Pennsylvania, under the name of the Bank of the United States of
Pennsylvania, and all connection between it and the Federal Government
ceased. The institution and the controversies centering about it left,
however, a deep impress upon the financial and political history of our
fifth and sixth decades. It was the bank issue, more than anything
else, that consolidated the new political parties of the period. It was
that issue that proved most conclusively the hold of Jackson upon
public opinion. And it was the destruction of the Bank that capped the
mid-century reaction against the rampant nationalism of the decade
succeeding the War of 1812. The Bank itself had been well managed,
sound, and of great service to the country. But it had also showed
strong monopolistic tendencies, and as a powerful capitalistic
organization it ran counter to the principles and prejudices which
formed the very warp and woof of Jacksonian democracy.
Public-domain text, read in full here on John Shaqi.
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