Political Contention Over U S Bank Removal
In a dramatic 1834 letter to President Jackson, William J. Duane recounts Cabinet tensions and alleged presidential pressure over removing deposits from the U S Bank. He claims the President sought to influence, while asserting the Treasury Secretary held exclusive discretion, detailing conversations from 1832 to 1834 and his stance on public duty and independence.
MENTIONED IN THIS ARTICLE
Feriow Chizkxs
Joe
Batik
Thad
Alan
Congress
U. S
Tate
C. Toezens
Nonville
Senate
U. States Bank
Baltimore
Jeng Eo Ewa
Whitney
Kadwo
Wade
Ain
Washington
Sunes
Treceive
Boston
Issees
Treasury
Yhlic Ein
Tawe
U.S. Bank
Secretary of the Treasury
W. J. Duane
Philadelphia
Governor Wolf Warns of Bank Clash and Public Works Needs
The Pennsylvania governor urges immediate legislative action to authorize loans from state banks to meet contractor debts on public works. He cites money-market strain from the Bank of the United States deposit removal, notes Pennsylvania stocks remain creditworthy abroad, and calls for funds to finish turnpikes and canals while maintaining the Commonwealth’s credit and momentum.
MENTIONED IN THIS ARTICLE
Commonwealth of Pennsylvania
Commonwealth
General Assembly
Act Inc
Pennsylvania
Wermust
Bank of the
United States
Mig
Nevesa
Joan Hrat
Fragmented reminiscences on banking policy and governance
In a drawn out reminiscence the speaker recalls entering office as a country servant not the Chief Magistrate. Amos Kendall is cited as opposing immediate removal of deposits, proposing a gradual shift to state banks after September. The text laments eroded currency confidence and hints at speculative dangers, then shifts to a coastal canal project describing a 2000 foot wide natural channel needing piers, while condemning a detached presidential stance.
MENTIONED IN THIS ARTICLE
Washington
Treasury Department
Reuben M. Whitney
US States Bank
Barry
Lans
Cass
Woodbury
Veeshee
Secretary of the Treasury
Amies Kendall
Alexandria
Mr. Whitney
Mer
Ross-shire
Conan
Peggy M’ Kenzie
Goran
Andrew Monto
Catia
Esnal
Carhel
Ofa Tage
Also Mentioned on This Page
Vobo Rvi
GEO
Warrisburg
England
Upper Canada
Lang Point
Samshigebian
Citley
Maine
Stytie
Mysore
East Indies
Seringapatam
Enaremous Sigei
Uae
Fawexe
Ressta
Swabian Mercury
Udersa
Odessa
Azofl
Russia
Tower Canada
Les Cislature
House of Commons
Lord Aylmer
Crovernor
U. Stakes
Great-Britain
Stanley
Cainer
Colonial Department
Louis Phillippe
Br. Chalmers
Edinburg
Lso
Oyster’s Point
Cumberland County
N. J
Emanuel Keller
Charles
Reading
Berklea
Mies Marsgaret
Toanner
Messares
Teese Arita Cagregena
Amos Kendall
Presienti
Terie
Miners’ Journal
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