Party Government in the United States of America

By William Milligan Sloane | Go to book overview

XVIII
THE REPRESENTATIVE PRESIDENCY 1833-1837

Jackson's victory in regard to the Bank--The Senate's vote of censure--Appearance of the Sub-Treasury plan--Loan of surplus revenue to States--Specie circular and political effect--The Texas question--The anti-slavery movement--Jackson's attitude--Revolution in the presidency--Democracy in America and England.

HAVING asserted himself as the people's representative during his first administration, Jackson felt that his second election was their stamp of approval upon the way in which he had represented them. With unexpected audacity he now determined upon another step in the same path, and arranged to withdraw the federal deposits from the Bank of the United States. The resolution met with reprobation from the Secretary of the Treasury, McLane, who, under the law, must perform the act, and his resignation was sought and accepted. The President then appointed Duane, who was likewise recalcitrant, but would not resign. He was accordingly removed and Taney appointed, but without sending his name for confirmation to the Senate, which in the exercise of that constitutional right had virtually arrogated to itself the power of appointment. The matter had been spread before the Cabinet. The Secretary of the Treasury, not Congress, had control of deposits; they should not be in a bank whose charter would soon expire, which had exhibited its inability

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