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Story
February 22, 1836
The Daily Herald
New Haven, New Haven County, Connecticut
What is this article about?
The U.S. Bank is re-chartered and accepted by the company; President Biddle reports extraordinary prosperity, able to cover debts and surplus capital. The article praises the bank's integrity and mocks Jackson opponents, shifting the 'monster' label to executive patronage.
Clipping
OCR Quality
95%
Excellent
Full Text
The Monster resuscitated.—The bill re-chartering the U. S. Bank having become a law, and accepted by the Company, the President of the Bank has made an exposition of its affairs, exhibiting a state of prosperity unexampled in any similar establishment.—
The facts stated by Mr. Biddle, as represented in an article which we publish from the U. S. Gazette, are truly extraordinary, and testify, irrefragably, to the integrity and good management of the officers of the Bank. He says the institution can refund the U. S. stock, pay the State bonus, allow six millions for bad debts, and still have a surplus of two millions above its capital. That is capital indeed.—
The service of plate voted to Mr. Biddle ought to be made of Jackson 'yellow boys,' and his enemies should serve it up for him till they are convinced and ashamed of their error.
'The monster' now to be crushed is Executive patronage and official subserviency.
We hope the people will soon get their foot on it.
The facts stated by Mr. Biddle, as represented in an article which we publish from the U. S. Gazette, are truly extraordinary, and testify, irrefragably, to the integrity and good management of the officers of the Bank. He says the institution can refund the U. S. stock, pay the State bonus, allow six millions for bad debts, and still have a surplus of two millions above its capital. That is capital indeed.—
The service of plate voted to Mr. Biddle ought to be made of Jackson 'yellow boys,' and his enemies should serve it up for him till they are convinced and ashamed of their error.
'The monster' now to be crushed is Executive patronage and official subserviency.
We hope the people will soon get their foot on it.
What sub-type of article is it?
Historical Event
Curiosity
What themes does it cover?
Triumph
Moral Virtue
What keywords are associated?
Us Bank
Recharter
Prosperity
Biddle
Jackson
Monster
What entities or persons were involved?
Mr. Biddle
Jackson
Story Details
Key Persons
Mr. Biddle
Jackson
Story Details
The U.S. Bank re-chartered and accepted; President Biddle exposes prosperous affairs, covering refunds, bonuses, bad debts with surplus capital; praises integrity; mocks Jackson enemies; redirects 'monster' to executive patronage.