Benton, Thomas Hart, 1782-1858; Legislators -- United States -- Biography
But at the very outset difficulty was feared from the action of the
president. Tyler could not at first make up his mind what to do; or
rather, he made it up in half a dozen different ways every day. His
peevishness, vacillation, ambitious vanity, and sheer puzzle-headedness
made him incline first to the side of his new friends and present
supporters, the Whigs, and then to that of his old democratic allies,
whose views on the bank, as on most other questions, he had so often
openly expressed himself as sharing. But though his mind oscillated like
a pendulum, yet each time it swung farther and farther over to the side
of the Democracy, and it began to look as if he would certainly in the
end come to a halt in the camp of the enemies of the Whigs; his approach
to this destination was merely hastened by Clay's overbearing violence
and injudicious taunts.
However, at first Tyler did not dare to come out openly against any and
all bank laws, but tried to search round for some compromise measure;
and as he could not invent a compromise in fact, he came to the
conclusion that one in words would do just as well. He said that his
conscience would not permit him to sign a bill to establish a bank that
was called a bank, but that he was willing to sign a bill establishing
such an institution provided that it was called something else, though
it should possess all the properties of a bank. Such a proposal opened a
wide field for the endless quibbling in which his soul delighted.
The secretary of the treasury, in response to a call from the Senate,
furnished a plan for a bank, having modeled it studiously so as to
overcome the president's scruples; and a select committee of the Senate
at once shaped a bill in accordance with the plans. Said Benton: "Even
the title was made ridiculous to please the president, though not so
much so as he wished. He objected to the name of bank either in the
title or the body of the charter, and proposed to style it 'Fiscal
Institute;' and afterwards the 'Fiscal Agent,' and finally the 'Fiscal
Corporation.'" Such preposterous folly on the president's part was more
than the hot-blooded and overbearing Kentuckian could stand; and, in
spite of his absorbing desire for the success of his measure, and of the
vital necessity for conciliating Tyler, Clay could not bring himself to
adopt such a ludicrous title, even though he had seen that the charter
provided that the institution, whatever it might be styled in form,
should in fact have all the properties of a bank. After a while,
however, a compromise title was agreed on, but only a shadow less
imbecile than the original one proposed by the president; and it was
agreed to call the measure the "Fiscal Bank" bill.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account