Description: Lot of two (2) 1832 newspapers with a complete printing of a Daniel WEBSTER SPEECH after ANDREW JACKSON Vetos a bill to extend the charter of the Bank of the United States - #1O-037 Please visit our ebay store for printed on the front page other FANTASTIC Americana, Antiquarian Books and Ephemera. SEE PHOTO-----Two COMPLETE, ORIGINAL NEWSPAPERs, the Union (Waterford, NY) dated October 17 & 24, 1832, with fantastic Andrew Jackson, Daniel Webster and US Financial Banking history! Perfect for framing and display! The Second Bank of the United States, located in Philadelphia, Pennsylvania, was the second federally authorized Hamiltonian national bank in the United States during its 20-year charter from February 1816 to January 1836. The bank's formal name, according to section 9 of its charter as passed by Congress, was "The President, Directors, and Company, of the Bank of the United States".A private corporation with public duties, the bank handled all fiscal transactions for the U.S. Government, and was accountable to Congress and the U.S. Treasury. Twenty percent of its capital was owned by the federal government, the bank's single largest stockholder. Four thousand private investors held 80% of the bank's capital, including three thousand Europeans. The bulk of the stocks were held by a few hundred wealthy Americans. In its time, the institution was the largest monied corporation in the world.The essential function of the bank was to regulate the public credit issued by private banking institutions through the fiscal duties it performed for the U.S. Treasury, and to establish a sound and stable national currency. The federal deposits endowed the BUS with its regulatory capacity.Modeled on Alexander Hamilton's First Bank of the United States, the Second Bank was chartered by President James Madison in 1816 and began operations at its main branch in Philadelphia on January 7, 1817, managing twenty-five branch offices nationwide by 1832.The efforts to renew the bank's charter put the institution at the center of the general election of 1832, in which the bank's president Nicholas Biddle and pro-bank National Republicans led by Henry Clay clashed with the "hard-money" Andrew Jackson administration and eastern banking interests in the Bank War. Failing to secure recharter, the Second Bank of the United States became a private corporation in 1836, and underwent liquidation in 1841.Good Condition, with a large brown spot at bottom fore edge and moderate edge wear along left side. This listing includes two complete entire original newspapers. VINTAGE BOOKS AND FINE ART stands behind all of the items that we sell with a no questions asked, money back guarantee. Every item we sell is original printed on the date indicated at the beginning of its description, unless clearly stated as a reproduction in the header AND text body. U.S. buyers pay calculated priority postage which includes waterproof plastic and a heavy cardboard flat to protect your purchase from damage in the mail. International postage is quoted when we are informed as to where the package is to be sent. We do combine postage (to reduce postage costs) for multiple purchases sent in the same package. We accept payment by PAYPAL. We ship packages daily. This is truly a piece OF HISTORY that YOU CAN OWN! Powered by SixBit's eCommerce Solution
Price: 35 USD
Location: Oxford, Maryland
End Time: 2024-10-09T15:23:37.000Z
Shipping Cost: N/A USD
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Return shipping will be paid by: Buyer
All returns accepted: Returns Accepted
Item must be returned within: 14 Days
Refund will be given as: Money Back
