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Editorial October 12, 1833

New Hampshire Statesman And State Journal

Concord, Merrimack County, New Hampshire

What is this article about?

An editorial defends the Bank of the United States against President Andrew Jackson's accusations in his manifesto on removing deposits, claiming the Bank's loans to editors are false and that the actual defaulters are Jackson's allies Kendall and Blair.

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OCR Quality

98% Excellent

Full Text

"The fact that the Bank controls, and in some cases substantially owns, and by its money supports some of the leading presses of the country, is now more clearly established. Editors to whom it loaned extravagant sums in 1831 and 1832, on unusual time and nominal security, have since turned out to be insolvent."

The foregoing is one of the many passages contained in the President's Manifesto against the Bank, on the removal of the Deposites, which deserves particular comment. It is one of its prominent falsehoods, not even possessing the merit of originality; for it has been hawked about by the collar presses as too palpably false to deserve even contradiction, until it has become as stale as it is false; and now we find it endorsed by Andrew Jackson.

It has never appeared, nor is it believed an instance can be cited, in which the Bank, during the period stated by the President, has lost a cent by a printer, publisher, or editor of a newspaper. There was a time when the Bank loaned money to Kendall and Blair, two prominent members of the Kitchen Cabinet. These men failed to meet their paper, and are now defaulters to the Bank, in a large amount. These are the men whose security proved insufficient, and who have since turned out insolvent. They have, notwithstanding, been taken into the service of the President, pampered with the people's money, and employed to cry down the Bank. Yet, it is possible the President never imagined their press is 'substantially owned by the Bank, or supported by its money.'

In reading such declarations one can scarcely bring himself to believe that responsibility belongs either to the man or to the office he fills. It looks more like the invention of some designing knave, intended for an imposition upon an unsuspecting old man, with a view to make him appear ridiculous or contemptible.

What sub-type of article is it?

Partisan Politics Economic Policy

What keywords are associated?

Bank Of The United States Andrew Jackson Removal Of Deposits Kitchen Cabinet Kendall And Blair Press Loans Political Falsehoods

What entities or persons were involved?

Andrew Jackson Bank Kendall Blair Kitchen Cabinet

Editorial Details

Primary Topic

Defense Of The Bank Against Jackson's Manifesto On Deposit Removal

Stance / Tone

Strongly Pro Bank And Anti Jackson

Key Figures

Andrew Jackson Bank Kendall Blair Kitchen Cabinet

Key Arguments

Jackson's Claim That The Bank Controls Or Supports Leading Presses Is A Prominent Falsehood The Bank Has Not Lost Money To Any Printer, Publisher, Or Editor During The Stated Period The Actual Defaulters To The Bank Are Kendall And Blair, Members Of Jackson's Kitchen Cabinet Kendall And Blair Were Loaned Money By The Bank And Failed To Repay Jackson Employs These Defaulters To Attack The Bank Using Public Funds The Accusation May Be An Imposition On Jackson By Designing Individuals

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