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Andrew Jackson - President 7 Killed 2nd US Bank

Type: Image (jpg)

Submitter: [anonymous]

Category: People / Portraits

Exhibition Date: 2018-04-28 11:42:10 MST

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Andrew Jackson Claims to Fame

After having killed the Second Bank by vetoing its re-charter and removing the government’s deposits from it, Jackson attacked the entire banking industry by issuing in 1836 an executive order known as the Specie Circular. The order, which was issued by Jackson’s fifth and final Treasury Secretary, Levi Woodbury, required payment for government lands in specie (full-bodied gold or silver coins), not in bank notes or deposits, after August 15.

Andrew Jackson was last President to balance national debt and have Surplus due to liquidating Second Bank of US (Federal Reserve Precursor),


Andrew Jackson was the first president on which an assassination attempt was made. And he is the only one who gave his would-be assassin a thorough thumping.

In 1835, Jackson was leaving a funeral when a deranged man, Richard Lawrence, approached the president wielding two pistols. Lawrence leveled one of his guns and pulled the trigger. It failed to fire. He pointed at Jackson with the other pistol, but it misfired as well. Without blinking, the 68-year-old president went after Lawrence with his cane, striking him several times before others in the crowd subdued the would-be assassin.

But Jackson’s greatest claim to badass status actually came years earlier. In 1806, in a dispute over a horse race and an insult made about his wife, Charles Dickinson challenged Jackson to a duel. Dickinson was a well-known sharpshooter and Jackson felt his only chance to kill him would be to allow himself enough time to take an accurate shot. So as the two faced off along the banks of the Red River in Kentucky, Jackson purposely allowed Dickinson to shoot him first. He hardly quivered as the bullet lodged in his ribs. Jackson then calmly leveled his pistol, took aim, and knocked Dickinson off. It was only then that he took heed of the fact that blood was dripping into his boot. Dickinson’s musket ball was too close to his heart to be removed and forever remained lodged in Jackson’s chest. The wound would lend him a perpetual hacking cough, cause him persistent pain, and compound the many health problems that would beleaguer him throughout life.

Yet Jackson never regretted the decision, saying, “If he had shot me through the brain, sir, I should still have killed him.”

War Hero

Before he became a politician, Jackson was a great and storied war hero. He was the kind of leader that men would gladly follow to the ends of the earth. Having grown up without a father, Jackson sought to be a father to the men under his command. He treated his men as sons, and in so doing, won their undying loyalty.

When the war with Britain began in the winter of 1812-13, Major General Jackson gathered together 2,000 volunteers and marched them from Tennessee towards New Orleans in anticipation of action. The men had picked up and left behind their professions and families — their entire lives, really — in hopes of being of service to the country. But after journeying for 500 cold miles and reaching Mississippi, the Secretary of War ordered them to disband and return. Jackson refused to leave his volunteers adrift and force the men to find their own way back home. He promised to keep them together, and even use his own money to furnish the supplies necessary for the return trip.

Many of the men had by then fallen ill and could not make the long journey unaided. Yet there were only 11 wagons for the 150 sick men. The regiment’s doctor, Samuel Hogg, asked Jackson what he should do with the sick. “To do sir? You are not to leave a man on the ground.” “But the wagons are full and they will convey not more than half,” Hogg countered. “Then let some of the troops dismount, and the officers must give up their horses to the sick. Not a man, sir, must be left behind,” Jackson declared. The general set the example by immediately turning over his own horses. He walked alongside his men all the way back to Tennessee. By the time the weary troops arrived in Nashville, the men had taken to calling their tender but tough leader “Old Hickory,” a tree whose wood is described thusly: “Very hard, stiff, dense, and shock resistant. There are woods that are stronger than hickory and woods that are harder, but the combination of strength, toughness, hardness, and stiffness found in hickory wood is not found in any other.”

Woodrow Wilson, 1916, said:

A great industrial nation is controlled by its system of credit. Our

system of credit is concentrated. The growth of the Nation, therefore, and all our activities are in the hands of a few men... We have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of

small groups of dominant men.

President Wilson, in advocating the Federal Reserve Act, said:

We must have a currency, not rigid as now, but readily, elastically responsive to sound credit, the expanding and contracting credits of everyday transactions, the normal ebb and flow of personal and corporate dealings. Our banking laws must mobilize reserves; must not permit the concentration anywhere in a few hands of the monetary resources of the country or their use for speculative purposes in such volume as to hinder or impede or stand in the way of other more legitimate, more fruitful uses. And the control of the system of banking and of issue which our new laws are to set up must be public, not private, must be vested in the Government itself, so that the banks may be the instruments, not the masters, of business and of individual enterprise and initiative.

On this day in 1833, President Andrew Jackson announces that the government will no longer use the Second Bank of the United States, the country’s national bank. He then used his executive power to remove all federal funds from the bank, in the final salvo of what is referred to as the “Bank War.”

A national bank had first been created by George Washington and Alexander Hamilton in 1791 to serve as a central repository for federal funds. The Second Bank of the United States was founded in 1816; five years after this first bank’s charter had expired. Traditionally, the bank had been run by a board of directors with ties to industry and manufacturing, and therefore was biased toward the urban and industrial northern states. Jackson, the epitome of the frontiersman, resented the bank’s lack of funding for expansion into the unsettled Western territories. Jackson also objected to the bank’s unusual political and economic power and to the lack of congressional oversight over its business dealings.

Jackson, known as obstinate and brutish but a man of the common people, called for an investigation into the bank’s policies and political agenda as soon as he settled in to the White House in March 1829. To Jackson, the bank symbolized how a privileged class of businessmen oppressed the will of the common people of America. He made clear that he planned to challenge the constitutionality of the bank, much to the horror of its supporters. In response, the director of the bank, Nicholas Biddle, flexed his own political power, turning to members of Congress, including the powerful Kentucky Senator Henry Clay and leading businessmen sympathetic to the bank, to fight Jackson.

Keywords: among top US Presidents of all time? President 007 War Hero Legend

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