Indiana daily times. [volume] (Indianapolis [Ind.]) 1914-1922, 1920-09-23
PRESIDENTIAL CAMPAIGNS
III. The Jackson-Clay Race of 1892
BY FREDERICK ]. HASKIN-

given their places to his friends. He had
violated every precedent \ of presidential
behavior and had transgressed every
tradition OF statecraft
His greatest light had been against
the Bank OF the United States When
he first became President he had some
correspondence with the bank, insisting
that the National Government had some
right to say who should be chosen
officers OF the bank. To this claim
Nicholas Biddle, head Of the bank, set
up an absolute denial Then reports
came in from all over the country that
tho various branches OF the bank were
discriminating against Jackson men in
business relations, and that the bank
was building up a machine 20 over
throw jackson. This Federal bank bad
been chartered In 1916 for a period OF
twenty years, and Il must obtain new
lease OF life from the Government dur
ing the administration OF that President
to be elected in 1928
Henry Clay, hating Jackson with all
his soul, and hrm IN the belief that thu
people would not re-elect such an IN
couth monster to the high office Of
President decided 10 force the fighting.
It was by his advice that the bill TO re-
charter the bank was introduced and
passed by Congress during Jackson s
from Missouri was lighting against the
recharter in the Senate. declaring for a
gold currency aud gaining his sohriquet
Of "Old Bullion" But the bank had
friends in Congress aud the bill ex-
tending its charter was passed.
swATTING THE
MONEY DEVIL.
Jackson promptly vetoed IT, That veto
was given in July, 1s2s, when the presi.
Dental campaign was already wen in
progress. In these advanced aud eulight-
ened days the President always sees TO
IL that Congress has adjourned before
the nominations are made, SO as 20 pre-
vent big questions coming up. But Jack
son didn't care lie said he had swatted
the money devil and he had. The cam
paign was on, and 50 Tar as Jackson men
were concerned there was bur one Issue
the duty Of saving Jackson from over
throw by the money monster.
Clay. the idol OF his followers, was con
ident that be could win on the hank
question. He was sure that the people
would not consent 10 ruthless overturn-
lag Of the financial system OF the eoun-
try. Therefore, he made loyalty 10 the
bank a test OF party fealty. But there
was settled conviction that Jackson
was right and the bank was wrong. The
old corruption and bargain" cry OF four
years ago was heard again. but mnst OF
the old issues were buried In the new.
The anti Masons were strong In tho
North, or had been IN State elections and
Calhoun was leading tina anh-JaclEson
fight In his own State, where the doc
trine Of notification was already being
preached Tho end Of the bank question
and the crisis Of tho nullihcatlon bust
ness were 10 come IN Jackson's second
administration. but, Of course, that was
not known. The fact that Clay, Mason,
was conniving with the anita asong, and
that Clay. the author Of the American
system" Of protection and the tariff OF
denominations was In collision with Cal,
boun. the chief OF the nuliaers. added
to JacksOn's strength. THE triple unholy
alliance Of Clayism, notification and