Norwich bulletin., 1920-04-08

the United States bank. The govern ment moneys were scattered among ..pet banks as it was charged, and at length came the disastrous orgy of the wild cat banks" No substitute for the bank of the United States was offered until the national banks were improvIsed as a makeshift in the Civil War. For real financial system, the country was kept waiting three-quart- CTS of century until the Wilson ad- ministration gave us the federal re- serve bank in 1914.
 Jackson was equally bold and vic- torious in meeting the threat of nulli- fication although it came from his own section, from his own party and from his own vice president. John c. Calhoun. Shortly before his inaugura-
 ton congress passed the first tariff new manufacturing industries which
 were springing up in New England. This bestowal of 0 special privilege aroused the jealousy of the agricult- ural South, and South Carolina had tn termerity to talk of the right of a
 state to nu1lify an objectionable fed
 eral law.
 At democratic banquet in Wash ington In 1880, President Jackson
 rose and proposed this toast: "Our fedral union it must be preserved Thn Vice President Calhoun got up and toasted the rights of the states. Thus the two highest officials of the government joined issue across that dinner table on a question which great
 armies would fight out in another gen.
 eration.
 Two years afterward. q convention 1 tA GA an ordnance nullifying the tariff act l for that state and forbidding within
 the boundaries of If;e state the col lection of customs duties under it While recommending to congress a | modification of the offending tarin
 Jackson appealed to the patriotism oI l the South Carclians in a proclamation | which set all the North and much oi the South ringing with cheers; ordered l Gneral Scott to the scene of thr reaten-
 ed trouble; reinforced the forts of ths
 disaffected state: dispatched a maya fieet to Charleston harbor and only
 awaited for the first overt act of re, volt to give him warrant for arrestins Calhoun and the other leaders. Bu the nullifiers nuilified their nullifica
 ton, leaving the resolute and patrioti,
 president riding high tide of, popu'
 larity.
 1 To show ''the Yankees that a demo
 crat does not have horns" as he said
 Jackson made New EneIanl tour , And to the disgust of John Quinc, Adams, Harvard conferred the degre , Of doctor of laws upon Ia harbarial who could not write a sentence o
 grammar and hardly could spell hi 1 own name"
 , Another Incident of the adminis traticn was amusingiy- characteristic , France had failed for years to pa the French spoilation claims, an , King Louis Philippe kindly hinte ] that an earnest passage on the sub ject in the presidents annual mes } sage might stir the chamber of dep uttes to make the necessary appro , priation. The president took the hin but some of his advisers feared ths the threatening words he proposed
 insert were too earnest for Parasia 3 ears. T know them French he re 2 piled and he insisted that a real dos 7 of Jacksonian earnestness was jus ' what they needed.
 l The French properly were indig ] naat; they recalled their Ministe g from Washington, gavc our min4ste, a factory explanations" Jackson woul : make none and in the end this pier
 ger of shirt-sleevs diplomacy collecte ] the bill without retracting or apoiogi1 h ing. !. Jackson's pre-eminent service to u ' country was rendered in his bait . with nuilifeation. ''The tariff wa 5 only the pretext. he said, "disunic k and a Southern Confederaey, the re,
 !object. Tie neSt pretext win be ti : negrp.' Thanks te him, that irr, RlHeasa. eenatet had bsaz pcstrol