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Litchfield, Litchfield County, Connecticut
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Leaked letter from Rep. John M. Botts reveals President Tyler's intent to veto the Bank Bill on August 16, 1841, amid political tensions in Congress. The letter criticizes Tyler's inconsistencies and predicts his political downfall, originally misaddressed to Richmond's Coffee House and published in the Madisonian.
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"August 16, 1841.
Dear Sir—The President has finally resolved to veto the Bank Bill. It will be sent in to-day at twelve o'clock. It is impossible to tell precisely on what ground it will be placed. He has turned and twisted and changed his ground so often in his conversations, that it is difficult to conjecture which of the absurdities he will rest his veto upon.
In the last conversation reported, he said his only objection was to that provision which presumed the assent of the States, where no opinion was expressed, and if that was struck out he would sign the bill.— He had no objection to the location of branches by the directors in the absence of dissent expressed, but whenever it was expressed, the power to discount promissory notes must cease, although the agency might continue, for the purchase and sale of foreign exchange. However, you will see his message.
Our Captain Tyler is making a desperate effort to set himself up with the Loco Focos, but he'll be headed yet, and I regret to say it will end badly for him. He will be an object of execration of both parties — with one for vetoing our bill, which was bad enough — and with the other for signing a worse one; but he is hardly entitled to sympathy. He has refused to listen to the admonition, and entreaties of his best friends, and looked only to the whisperings of ambitious and designing mischief makers that have collected around him.
The veto will be received without a word, laid on the table, and ordered to be printed. To-night we must and will settle matters as quietly as possible, but they must be settled. Yours, &c.
JNO. M. BOTTS."
You'll get a Bank Bill, I think, but one that will serve only to fasten him, and to which no stock will be subscribed; and when he finds out that he is not wiser in banking than all the rest of the world, we may get a better. The excitement here is tremendous, but it will be smothered for the present.
The above letter is post-marked "Washington, 16th August," Richmond, and addressed to "Coffee House, (Free,) JNO. M. BOTTS."
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Washington, Richmond
Event Date
August 16, 1841
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Rep. Botts writes that President Tyler will veto the Bank Bill due to objections over state assent provisions, criticizing Tyler's inconsistencies and predicting his political isolation from both parties after ignoring friends' advice and heeding mischief makers. The letter leaks via misaddressing and publication.