Andrew Jackson Indictment 1
Jackson assumed powers not conferred to the chief executive by the Constitution. He vetoed the extensions of the 2nd national bank of the United States calling the bank "subversive of the rights of the states." This was basically saying that the bank wanted to overthrow or cause destruction against the rights of the state’s established government. Jackson's opposition to the Bank was resolute. Having been granted special privileges, the Bank possessed a very powerful influence upon national affairs however it had no higher entity to answer to, neither the people nor the government. Such power would have enabled the Bank to also wield a great deal of political power. Jackson was immediately suspicious. In a letter from Colonel James A. Hamilton, son of former Treasury Secretary under George Washington, Alexander Hamilton, which was dated December 9, 1833, Hamilton informed Jackson that Biddle had submitted a bank report explaining that the Bank held a position of being required to carry out "other duties than those to the country.” Jackson had ideas of converting the bank so that it was more attached to the government. He continued to reiterate his thoughts about the “dangers” of the bank, and elaborated on his proposal for a modified national bank that would be an adjunct of the Treasury. His issue with the bank resided in the fact that he believed it was a monopoly that the government had no business investing all their money in this privately owned sector. He also preached that the bank was unconstitutional but in fact this belief is wrong. The Supreme Court ruled that indeed the bank was constitutional under the McCulloch vs. Maryland. Jackson and Taney issued the order of September 25, 1833 which announced that on October 1, 1833, the government would shift from national banking to deposit banking via state banks, of his cabinet only Taney supported him, Taney became Treasury Secretariat after Duane refused, to adhere to...
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