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Updated: May 16, 2025
Ripley declared that "Banks had always been a curse to the country . . . . He believed Banks to be unconstitutional, and oppressive upon the laboring classes of the community." Mr. Bailey was an anti-Bank man; "but he knew many Democrats who were in favor of Banks under proper restrictions." Mr. Hall said that "Banking was a spoiled child; it had been nursed and petted till it had become corrupt."
This was the anti-bank speech which General Jackson used to say had convinced him of the impolicy of a national bank, and which, with ingenious malice, he covertly quoted in making up his Bank Veto Message of 1832. Mr.
Van Buren prepared to renew the combination of Southern and Middle State votes which had been so successful in 1800. His organizing skill was necessary, for the Jackson men lacked both coherence and principles. Strong bank men, anti-bank men, protectionists, and free-traders united in the support of Jackson, whose views on all these points were unknown.
The ostensible grievance against the Bank was the possession by a semi-public corporation of special economic privileges; but the anti-Bank literature of the time was filled half unconsciously with a far more fundamental complaint. What the Western Democrats disliked and feared most of all was the possession of any special power by men of wealth.
In whatever town Mr. Conkling argued the question of the national banks, that subject ceased to be a factor in politics: it was settled; his attacks upon the anti-bank demagogues annihilated their arguments among thinking men, and his sarcasm made them ridiculous among unthinking men. This was the sort of thing which he did best.
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