WEBSTER, Daniel (1782-1852), Senator . Speech of the Hon. Daniel Webster, in the Senate of the United States, on the President's Veto of the Bank Bill, July 11, 1832. Boston: J.E. Hinckley & Co., 1832. 8vo, 32pp., stitched into plain paper wrappers (slight dustsoiling, marginal dampstains). FIRST EDITION of one of Webster's most important Senatorial addresses. THE BANK WAR. In 1832, an election year, Nicholas Biddle and the directors of the Second Bank of the United States applied for the rechartering of the bank, knowing President Jackson bitterly opposed the institution and even questioned its Constitutionality. The bill to recharter passed in both the House and Senate in the summer of 1832 with comfortable margins, but was promptly vetoed by Jackson. In his address Webster challenges the veto and disputes Jackson's view of the role of banks and capital in the nation's economy. His veto, Webster warns "manifestly seeks to inflame the poor against the rich. It wantonly attacks whole classes of the people, for the purpose of turning against them the prejudices and the resentments of other classes." He brushes aside Jackson's fear of foreign investment: "Every dollar brought from abroad, and put into the mass of active capital at home, diminishes the rate of interest and therefore benefits all the active and trading classes of society." Sabin 102280. -- [WEBSTER]. Shorthand transcript of Webster's "Speech...in the Senate...on the President's Veto of the Bank Bill," taken down in the Senate Chamber, Washington, D.C., 11 July 1832. 18pp., 4to, neatly written in a blank book, titled at head of first page. Original blue paper wrappers bearing 1832 date . A rare survival. Debates in the Senate were generally transcribed in short-hand for publication, but very few examples of such on-the-spot transcriptions survive. Together two items . (2)
WEBSTER, Daniel (1782-1852), Senator . Speech of the Hon. Daniel Webster, in the Senate of the United States, on the President's Veto of the Bank Bill, July 11, 1832. Boston: J.E. Hinckley & Co., 1832. 8vo, 32pp., stitched into plain paper wrappers (slight dustsoiling, marginal dampstains). FIRST EDITION of one of Webster's most important Senatorial addresses. THE BANK WAR. In 1832, an election year, Nicholas Biddle and the directors of the Second Bank of the United States applied for the rechartering of the bank, knowing President Jackson bitterly opposed the institution and even questioned its Constitutionality. The bill to recharter passed in both the House and Senate in the summer of 1832 with comfortable margins, but was promptly vetoed by Jackson. In his address Webster challenges the veto and disputes Jackson's view of the role of banks and capital in the nation's economy. His veto, Webster warns "manifestly seeks to inflame the poor against the rich. It wantonly attacks whole classes of the people, for the purpose of turning against them the prejudices and the resentments of other classes." He brushes aside Jackson's fear of foreign investment: "Every dollar brought from abroad, and put into the mass of active capital at home, diminishes the rate of interest and therefore benefits all the active and trading classes of society." Sabin 102280. -- [WEBSTER]. Shorthand transcript of Webster's "Speech...in the Senate...on the President's Veto of the Bank Bill," taken down in the Senate Chamber, Washington, D.C., 11 July 1832. 18pp., 4to, neatly written in a blank book, titled at head of first page. Original blue paper wrappers bearing 1832 date . A rare survival. Debates in the Senate were generally transcribed in short-hand for publication, but very few examples of such on-the-spot transcriptions survive. Together two items . (2)
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