FREE BOOKS

Author's List




PREV.   NEXT  
|<   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163  
164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187   188   >>   >|  
te: Jackson's warning.] [Sidenote: He prepares to enforce the law.] [Sidenote: The Force Bill, 1833.] 306. Nullification, 1832-33.--In 1832 Congress passed a new tariff act. The South Carolinians decided to try Calhoun's weapon of nullification. They held a convention, declared the act null and void, and forbade South Carolinians to obey the law. They probably thought that Jackson would not oppose them. But they should have had no doubts on that subject. For Jackson already had proposed his famous toast on Jefferson's birthday, "Our federal Union, it must be preserved." He now told the Carolinians that he would enforce the laws, and he set about doing it with all his old-time energy. He sent ships and soldiers to Charleston and ordered the collector of that port to collect the duties. He then asked Congress to give him greater power. And Congress passed the Force Bill, giving him the power he asked for. The South Carolinians, on their part, suspended the nullification ordinance and thus avoided an armed conflict with "Old Hickory," as his admirers called Jackson. [Sidenote: Tariff of 1833.] 307. The Compromise Tariff, 1833.--The nullifiers really gained a part of the battle, for the tariff law of 1832 was repealed. In its place Congress passed what was called the Compromise Tariff. This compromise was the work of Henry Clay, the peacemaker. Under it the duties were to be gradually lowered until, in 1842, they would be as low as they were by the Tariff Act of 1816 (p. 231). [Sidenote: Second United States Bank, 1816.] [Sidenote: Jackson's dislike of the bank.] 308. The Second United States Bank.--Nowadays any one with enough money can open a national bank under the protection of the government at Washington. At this time, however, there was one great United States Bank. Its headquarters were at Philadelphia and it had branches all over the country. Jackson, like Jefferson (p. 163), had very grave doubts as to the power of the national government to establish such a bank. Its size and its prosperity alarmed him. Moreover, the stockholders and managers, for the most part, were his political opponents. The United States Bank also interfered seriously with the operations of the state banks--some of which were managed by Jackson's friends. The latter urged him on to destroy the United States Bank, and he determined to destroy it. [Sidenote: Jackson, Clay, and the bank charter.] [Sidenote: Constitution,
PREV.   NEXT  
|<   139   140   141   142   143   144   145   146   147   148   149   150   151   152   153   154   155   156   157   158   159   160   161   162   163  
164   165   166   167   168   169   170   171   172   173   174   175   176   177   178   179   180   181   182   183   184   185   186   187   188   >>   >|  



Top keywords:

Jackson

 

Sidenote

 
United
 

States

 
Carolinians
 

Tariff

 
Congress
 
passed
 

duties

 

doubts


Second
 
Jefferson
 

destroy

 

enforce

 

tariff

 
national
 

government

 

called

 
nullification
 

Compromise


Nowadays

 

gradually

 
peacemaker
 

lowered

 

dislike

 

country

 

interfered

 
operations
 
opponents
 

political


stockholders

 

managers

 

determined

 
charter
 
Constitution
 

friends

 

managed

 
Moreover
 

alarmed

 

headquarters


Philadelphia

 
protection
 

Washington

 
branches
 

establish

 
prosperity
 

compromise

 

subject

 

oppose

 

proposed