The Francis Preston Blair Family in Politics - Vol. 1

By William Ernest Smith | Go to book overview

CHAPTER IX
THE GENESIS OF THE WAR ON THE BANK

It is not for the benefit of the Country that the "New Coalition" [ Clay, Webster, Calhoun] has been formed; nor is any improvement in the public prosperity expected from its success. The struggle is for power, for place, for the public treasure. Men who want foreign missions, judgeships and other valuable offices, unable to swerve the stern integrity of Andrew Jackson and sell to him their influence and support, have united with other aspirants to the Presidency in all sorts of combinations to destroy his popularity and defeat his re-election, that his place may be occupied by one with whom they may bargain for promotion.-- THE GLOBE, April 10, 1832.


1

WHEN the political opponents of Jackson decided to make the recharter of the United States Bank an issue to test the popularity of the President, they found his influence weighing heavily in the balance. His opponents thought he was a tyrant drunk with power. They decided to put him to the test in 1831-32. It is not necessary to review the history of the second Bank of the United States, for that has been well done by writers who have looked at it from various angles.

Jackson had opposed banks for constitutional reasons long before the Globe was established.1 He was one of many who believed the second Bank of the United States was unconstitutional.2 State-rights men of the South and West believed the Bank was detrimental to the welfare of the states. State banking institutions were in arms against the National Bank because the latter had forced them to restrict loans, pay notes in specie, and lose coveted profits. The Democracy, which prided itself upon its devotion to the principle of equality, resented a monetary monopoly. And it must not be forgotten that "inextricably linked with the Demo

____________________
1
Bassett, op. cit., II, 689-90.
2
Ralph Charles Henry Catterall, The Second Bank of the United States ( Chicago, 1903), 184.

-82-

Notes for this page

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this book

This book has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this book

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this page

Cited page

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited page

Bookmark this page
The Francis Preston Blair Family in Politics - Vol. 1
Table of contents

Table of contents

Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this book

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Full screen
/ 518

matching results for page

Cited passage

Style
Citations are available only to our active members.
Sign up now to cite pages or passages in MLA, APA and Chicago citation styles.

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

"Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited passage

Welcome to the new Questia Reader

The Questia Reader has been updated to provide you with an even better online reading experience.  It is now 100% Responsive, which means you can read our books and articles on any sized device you wish.  All of your favorite tools like notes, highlights, and citations are still here, but the way you select text has been updated to be easier to use, especially on touchscreen devices.  Here's how:

1. Click or tap the first word you want to select.
2. Click or tap the last word you want to select.

OK, got it!

Thanks for trying Questia!

Please continue trying out our research tools, but please note, full functionality is available only to our active members.

Your work will be lost once you leave this Web page.

For full access in an ad-free environment, sign up now for a FREE, 1-day trial.

Already a member? Log in now.