usetts, who, spreading the mantle
of oblivion over the Hartford convention, delivered a reply to Hayne
that has been reckoned among the powerful orations of all time--a plea
for the supremacy of the Constitution and the national character of the
union.

=The War on the United States Bank.=--If events forced the issue of
nationalism and nullification upon Jackson, the same could not be said
of his attack on the bank. That institution, once denounced by every
true Jeffersonian, had been reestablished in 1816 under the
administration of Jefferson's disciple, James Madison. It had not been
in operation very long, however, before it aroused bitter opposition,
especially in the South and the West. Its notes drove out of circulation
the paper currency of unsound banks chartered by the states, to the
great anger of local financiers. It was accused of favoritism in making
loans, of conferring special privileges upon politicians in return for
their support at Washington. To all Jackson's followers it was "an
insidious money power." One of them openly denounced it as an
institution designed "to strengthen the arm of wealth and counterpoise
the influence of extended suffrage in the disposition of public
affairs."

This sentiment President Jackson fully shared. In his first message to
Congress he assailed the bank in vigorous language. He declared that its
constitutionality was in doubt and alleged that it had failed to
establish a sound and uniform currency. If such an institution was
necessary, he continued, it should be a public bank, owned and managed
by the government, not a private concern endowed with special privileges
by it. In his second and third messages, Jackson came back to the
subject, leaving the decision, however, to "an enlightened people and
their representatives."

Moved by this frank hostility and anxious for the future, the bank
applied to Congress for a renewal of its charter in 1832, four years
before the expiration of its life. Clay, with his eye upon the
presidency and an issue for the campaign, warmly supported the
application. Congress, deeply impressed by his leadership, passed the
bill granting the new charter, and sent the open defiance to Jackson.
His response was an instant veto. The battle was on and it raged with
fury until the close of his second administration, ending in the
destruction of the bank, a disordered currency, and a national panic.

In his veto message, Jackson attacked the bank