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ew months after the inauguration that he did not believe that Congress had power to charter a bank outside of the District of Columbia, that he did not dislike the United States Bank more than other banks, but that ever since he had read the history of the South Sea Bubble he had been afraid of banks. After this confession the writer hardly needed to confess that he was "no economist, no financier." Most of the officers of the "mother bank" at Philadelphia and of the branches were anti-Jackson men, and Jackson's friends put the idea into his mind that the Bank had used its influence against him in the late campaign. Specific charges of partizanship were brought against Jeremiah Mason, president of the branch at Portsmouth, New Hampshire; and although an investigation showed the accusation to be groundless, Biddle's heated defense of the branch had no effect save to rouse the Jacksonians to a firmer determination to compass the downfall of the Bank. Biddle labored manfully to stem the tide. He tried to improve his personal relations with the President, and he even allowed Jackson men to gain control of several of the western branches. The effort, however, was in vain. When he thought the situation right, Biddle brought forward a plan for a new charter which received the assent of most of the members of the official Cabinet, as well as that of some of the "Kitchen" group. But Jackson met the proposal with his unshakable constitutional objections and, to Biddle's deep disappointment, advanced in his first annual message to the formal, public assault. The Bank's charter, he reminded Congress, would expire in 1836; request for a new charter would probably soon be forthcoming; the matter could not receive too early attention from the legislative branch. "Both the constitutionality and the expediency of the law creating this bank," declared the President, "are well questioned by a large portion of our fellow-citizens; and it must be admitted by all that it has failed in the great end of establishing a uniform and sound currency." The first part of the statement was true, but the second was distinctly unfair. The Bank, to be sure, had not established "a uniform and sound" currency. But it had accomplished much toward that end and was practically the only agency that was wielding any influence in that direction. The truth is that the more efficient the Bank proved in this task the less popular it became among those elements
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