Tyler was ready to compromise on the banking question, but Clay would not budge. He would not accept Tyler’s “exchequer system,” and Tyler vetoed Clay’s bill to establish a National Bank with branches in several states. A similar bank bill was passed by Congress. But again, on states’ rights grounds, Tyler vetoed it. Despite their differences, President Tyler and the Whig Congress enacted much positive legislation. The “Log-Cabin” bill enabled a settler to claim 160 acres of land before it was offered publicly for sale, and later pay $1.25 an acre for it.
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