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Updated: May 5, 2025
I've sold even that. Mrs Biddle gave me ten shillings for it. She said it would do for her servant's bedroom. 'Why, said Jane, 'her servants don't HAVE carpets. We had cook from her, and she told us so. 'No scandal about Queen Elizabeth, if YOU please, said the curate, cheerfully; and Miss Peasmarsh laughed, and looked at him as though she had never dreamed that any one COULD be so amusing.
The main institution could issue notes, not under five dollars, but the branches could not. Langdon Cleves, of South Carolina, was the first president, succeeded in 1823 by Nicholas Biddle, of Philadelphia, a man of society, of culture, and of leisure, a young man of thirty-seven, who could talk and write, perhaps, better than he could manage a great business.
He believed, moreover, that Biddle was using money freely to fight him, and would sooner or later get what he wanted from Congress. He prepared, therefore, to crush the Bank by withdrawing the deposits of public money and giving them into the keeping of other banks throughout the country.
The line-of-battle-ship Columbus was then lying at anchor off the town, and he said if I would get up early the next morning I could go off to her in one of the market-boats. Accordingly, I was up bright and early, down at the wharf, found a boat, and went off to the Columbus to see Commodore Biddle.
Riots were of weekly occurrence, and the greatest business houses of New York, Philadelphia, and even New Orleans, where cotton was expected to save men, declared themselves bankrupt and closed their doors. Men who had clamored against Jackson or Biddle in the time of distress three years before now looked upon that crisis as only a flurry.
He was the only colored teacher in that section of the country at that time. "When I finished high school, I went to Biddle University. Biddle was a boys' school. It was in Charlotte, North Carolina. They had a girls' school in Concord, North Carolina. Biddle is still running, but it has another name. Dr. Mattoon was president of Biddle then and Dr. Darling was president of the girls' school.
The President desired to weaken the Bank, lest its representatives, its masterful lobbyists, and the financial pressure it was bringing to bear should wrest from Congress a charter which the people had repudiated. Meanwhile Biddle had begun his campaign to compel both Jackson and the people to yield.
After all, the present bank charter had more than four years to run, and there seemed to be no reason for injecting so thorny an issue into the campaign. With a view to keeping the bank authorities quiet, two members of the reconstructed Cabinet, Livingston and McLane, entered into a modus vivendi with Biddle under which the Administration agreed not to push the issue until after the election.
This happened in 1833, when the Bank was in the midst of the fight on the President. Biddle, without hesitation, charged the Government $15,000 for the damage to the reputation of the Bank because the draft had been dishonored in Paris. The Government refused to pay the claim, and a lawsuit of ten years followed which was finally decided against the Bank.
On reaching the ship and stating to the officer of the deck my business, I was shown into the commodore's cabin, and soon made known to him my object. Biddle was a small-sized man, but vivacious in the extreme. He had a perfect contempt for all humbug, and at once entered into the business with extreme alacrity. I was somewhat amused at the importance he attached to the step.
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