Benton, Thomas Hart, 1782-1858; Legislators -- United States -- Biography
Benton was almost the only public man of prominence who tried to stem
this tide from the beginning. Jackson's own party associates were
originally largely against him, and so he stood all the more in need of
the vigorous support which he received from the Missouri senator.
Indeed, it would be unfair in the matter of the attack on the Bank to
call Benton Jackson's follower; he might with more propriety be called
the leader in the assault, although of course he could accomplish little
compared with what was done by the great popular idol. He had always
been hostile to the Bank, largely as a matter of Jeffersonian tradition,
and he had shown his hostility by resolutions introduced in the Senate
before Jackson was elected president.
Early in 1831 he asked leave to introduce a resolution against the
re-charter of the Bank; his purpose being merely to give formal notice
of war against it, and to attempt to stir up a current of feeling
counter to that which then seemed to be generally prevailing in its
favor. In his speech he carefully avoided laying stress upon any such
abstract point as that of constitutionality, and dwelt instead upon the
questions that would affect the popular mind; assailing the Bank "as
having too much power over the people and the government, over business
and politics, and as too much disposed to exercise that power to the
prejudice of the freedom and equality which should prevail in a
republic, to be allowed to exist in our country." The force of such an
argument in a popular election will be acknowledged by all practical
politicians. But, although Benton probably believed what he said, or at
any rate most of it, he certainly ought not to have opened the
discussion of a great financial measure with a demagogic appeal to caste
prejudices. He wished to substitute a gold currency in the place of the
existing bank-notes, and was not disturbed at all as to how he would
supply the place of the Bank, saying: "I am willing to see the charter
expire, without providing any substitute for the present Bank. I am
willing to see the currency of the federal government left to the hard
money mentioned and intended in the Constitution; ... every species of
paper might be left to the state authorities, unrecognized by the
federal government!" Of the beauties of such a system as the last the
country later on received practical demonstration. Some of his
utterances, however, could be commended to the friends of greenbacks and
of dishonest money even at the present day, as when he says: "Gold and
silver are the best currency for a republic; it suits the men of middle
property and the working people best; and if I was going to establish a
workingman's party it should be on the basis of hard money--a hard-money
party against a paper party." The Bank was in Philadelphia; much of the
stock was held in the East, and a good deal was held abroad, which gave
Benton a chance to play on sectional feelings, as follows: "To whom is
Public-domain text, read in full here on John Shaqi.
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