Clay added that if Congress did not act, the government would fail. Clay then asked the Senate to condemn Jackson, saying he violated the Constitution and the nation's laws. The Senate approved the resolution.
The chief opponent to the bank was Senator Thomas Hart Benton of Missouri. He objected to the renewal of the charter, he told the Senate, because the bank was too great and powerful and made the rich richer and the poor poorer.
The Senate finally voted on the bank's new charter. The vote was 28 for renewal and 20 against. The House voted three weeks later. It also approved the charter, 107 to 85.
The lawmakers sent the bill to the White House. President Jackson debated it with members of his cabinet. Some wanted to negotiate a compromise. But Jackson decided to veto the bill in the strongest possible language.
On July 10, 1832, Jackson sent a message to Congress explaining his reasoning. Jackson said he did not believe the bank's charter was constitutional.
Jackson also spoke of the way the bank moved money from West to East. He said the bank was owned by a small group of rich men, mostly in the East. Some of the owners, he said, were foreigners. Much of the bank's business was done in the West. The money paid by westerners for loans went into the pockets of the eastern bankers. Jackson said this was wrong. Then the president spoke of his firm belief in the rights of the common man.
"It is to be regretted," he said, "that the rich and powerful bend the acts of the government to their own purposes."
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2013-11-25
2013-11-25
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2013-11-25