FREE BOOKS

Author's List




PREV.   NEXT  
|<   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53  
54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   >>   >|  
ortant matter, in which the leading members of the Senate, except Benton, supported the Bank. The bill to renew the charter passed the Senate on the 11th of June, by a vote of twenty-eight to twenty, and the House on the 3d of July by a majority of thirty-three. It was immediately vetoed by the President, on the ground that the Bank was an odious monopoly, with nearly a third of its stock held by foreigners, and not only odious, but dangerous as a money-power to bribe Congress and influence elections. The message accompanying the veto was able, and was supposed to be written by Edward Livingston or Amos Kendall. Biddle remained calm and confident. Like Clay, he never dreamed that Jackson would dare to persist in a hostility against the enlightened public sentiment of the country. But Jackson was the idol of the Democracy, who would support all his measures and condone all his faults, and the Democracy ruled,--as it always will rule, except in great public dangers, when power naturally falls into the hands of men of genius, honesty, and experience, almost independently of their political associations. The veto aroused a thunder of debate, Webster and Clay leading the assault upon it, and Benton, with other Jacksonians, defending it. The attempt to pass the re-charter bill over the veto failed of the necessary two-thirds majority, and the President was triumphant. Jackson had no idea of yielding his opinions or his will to anybody, least of all to his political enemies. The war with the Bank must go on; but its charter had three or four years still to run. All he could do legally was to cripple it by removing the deposits. His animosity, inflamed by the denunciations of Benton, Kendall, Blair, Hill, and others, became ungovernable. McLane was now succeeded in the Treasury department by Mr. Duane of Philadelphia, the firmest and most incorruptible of men, for whom the President felt the greatest respect, but whom he expected to bend to his purposes as he had Ingham. Only the Secretary of the Treasury could remove the deposits, and this Mr. Duane unexpectedly but persistently refused to do. Jackson brought to bear upon him all his powers of persuasion and friendship; Duane still stood firm. Then the President resorted to threats, all to no purpose; at length Duane was dismissed from his office, and Roger B. Taney became Secretary of the Treasury, 23d of September, 1833. Three days afterwards, Taney directed collectors
PREV.   NEXT  
|<   29   30   31   32   33   34   35   36   37   38   39   40   41   42   43   44   45   46   47   48   49   50   51   52   53  
54   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   >>   >|  



Top keywords:

President

 

Jackson

 

charter

 

Benton

 
Treasury
 

public

 

Kendall

 

Secretary

 

Democracy

 

deposits


odious

 

Senate

 

political

 
majority
 
leading
 
twenty
 

ungovernable

 

McLane

 

failed

 

thirds


denunciations

 

triumphant

 

inflamed

 
legally
 

cripple

 

enemies

 
animosity
 
opinions
 

removing

 
yielding

purpose
 

length

 
dismissed
 

threats

 
resorted
 

friendship

 

office

 
directed
 

collectors

 

September


persuasion

 
powers
 

greatest

 

respect

 
expected
 

incorruptible

 

department

 

Philadelphia

 
firmest
 

purposes