The opinions expressed in his annual message of December, 1829, were
reiterated in those of December, 1830 and 1831, and in that of 1830
he threw out for consideration some suggestions in relation to a
substitute. At the session of 1831-32 an act was passed by a majority
of both Houses of Congress rechartering the present bank, upon which
the President felt it his duty to put his constitutional veto. In his
message returning that act he repeated and enlarged upon the principles
and views briefly asserted in his annual message, declaring the bank
to be, in his opinion, both inexpedient and unconstitutional, and
announcing to his countrymen very unequivocally his firm determination
never to sanction by his approval the continuance of that institution
or the establishment of any other upon similar principles.
There are strong reasons for believing that the motive of the bank in
asking for a recharter at that session of Congress was to make it a
leading question in the election of a President of the United States the
ensuing November, and all steps deemed necessary were taken to procure
from the people a reversal of the President's decision.
Pages:
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25