[Daniel Webster by Henry Cabot Lodge]@TWC D-Link book
Daniel Webster

CHAPTER VII
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A month later, Mr.Webster came forward with resolutions from Boston against the course of the President.

He presented the resolutions in a powerful and effective speech, depicting the deplorable condition of business, and the injury caused to the country by the removal of the deposits.

He rejected the idea of leaving the currency to the control of the President, or of doing away entirely with paper, and advocated the re-charter of the present bank, or the creation of a new one; and, until the time for that should arrive, the return of the deposits, with its consequent relief to business and a restoration of stability and of confidence for the time being at least.

He soon found that the administration had determined that no law should be passed, and that the doctrine that Congress had no power to establish a bank should be upheld.
He also discovered that the constitutional pundit in the White House, who was so opposed to a single national bank, had created, by his own fiat, a large number of small national banks in the guise of state banks, to which the public deposits were committed, and the collection of the public revenues intrusted.

Such an arbitrary policy, at once so ignorant, illogical, and dangerous, aroused Mr.Webster thoroughly, and he entered immediately upon an active campaign against the President.


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