FREE BOOKS

Author's List




PREV.   NEXT  
|<   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79  
80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   104   >>   >|  
of business men appeared almost daily at the White House, asking Jackson to restore the deposits and surrender to the great corporation, thus acknowledging the subordination of the country to one of its interests. Under these circumstances and awaiting confidently the effect of the Bank's drastic pressure upon public opinion, Clay began in January, 1834, the work of compelling the President to restore the deposits. For weeks and even months the Senate was the scene of the most extraordinary denunciations, and the press of the country was burdened with the attacks and counter-attacks of the parties to this fierce and unrelenting struggle. In the East business failures, the closing of the doors of manufacturing establishments, and the discharge of small armies of employees furnished all the proof necessary that the distress was real. From all sections of the country cries of distress, memorials, and petitions came up to Washington. Biddle and his friends had no thought of relenting, but continued the curtailment of the financial business of the country far beyond what might have seemed necessary on account of the removal of deposits; they were certain that only a few months more of pressure and of increased suffering on the part of the people would compel Jackson to yield or Congress to grant the desired charter over the head of the President. But the Congress which was elected in 1832 and which sat from December, 1833, to March, 1835, was not so pliable as that which arranged the peace with South Carolina. Still, the Senate sustained the Bank by a decided majority, and in March it formally censured Jackson for his removal of the deposits. In this Clay was conspicuous, and Webster and Calhoun were his sympathetic allies. On the other hand, Benton, Silas Wright, of New York, and John Forsyth, of Georgia, made a most spirited defense of Jackson and of the cause of the people, as they insisted. In the House the situation was reversed, and all Biddle's energy and resolute lobbying failed to secure a favorable vote. It became clear early in the spring that the President could not be moved, and that impeachment, which had been the hope and talk of many, would be impossible. When the weight of public opinion inclined visibly to the side of Jackson at the end of spring, Clay, who had for some time doubted the loyalty of Biddle, and who was especially anxious to regain his former popularity in the West, refused to continue the
PREV.   NEXT  
|<   55   56   57   58   59   60   61   62   63   64   65   66   67   68   69   70   71   72   73   74   75   76   77   78   79  
80   81   82   83   84   85   86   87   88   89   90   91   92   93   94   95   96   97   98   99   100   101   102   103   104   >>   >|  



Top keywords:

Jackson

 

deposits

 

country

 

business

 

President

 

Biddle

 
attacks
 

Senate

 
Congress
 
months

spring

 
removal
 
people
 

distress

 
pressure
 

public

 
restore
 

opinion

 
Webster
 

conspicuous


Calhoun

 
allies
 

sympathetic

 

Wright

 

Forsyth

 

Georgia

 

spirited

 

censured

 

Benton

 

pliable


December

 

arranged

 

decided

 
majority
 
defense
 

sustained

 

Carolina

 

formally

 

reversed

 

visibly


inclined

 

impossible

 
weight
 

doubted

 
popularity
 
refused
 

continue

 
regain
 
loyalty
 

anxious