PRESIDENT ANDREW JACKSON ~~ IN REACTION TO THE FINANCIAL PANIC OF 1834 BROUGHT ON BY THE IMMENIENT COLLAPSE OF THE BANK OF THE UNITED STATES, ''IN ADOPTING THIS COURSE IS SOLELY GOVERNED BY A DESIRE TO PREVENT ANY FURTHER MISUNDERSTANDING OF HIS OWN VIEWS AS WELL AS HE IS TO THE SUFFERINGS AND WANTS OF ALL CLASSES OF HIS FELLOW CITIZENS''

ANDREW JACKSON

A�o de publicaci�n: 1834

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JACKSON, ANDREW. (1767-1845). Seventh President of the United States; won the Battle of New Orleans against the British in 1815; and led U.S. forces in the First Seminole War, which led to the annexation of Florida. Good content Manuscript Letter Signed, ''Andrew Jackson'', as President. 3 � pages, quarto. Washington, March 17, 1834. To: William B. Fleury & others. In the midst of the financial panic of 1834, Jackson writes: ''The President presents his compliments to the committee on behalf of the cabinet makers, pianoforte makers and other of the merchants in Philadelphia, and in reply to their communication asking for a personal interview for the purpose of stating verbally the views of the embarrassment under which they are alleged to be suffering at present, beg leave respectfully to repeat that he will be happy to see the committee�but that he cannot consent to hold any intercourse with the committee on the subject of their mission which shall not be expressed in writing. The President in adopting this course is solely governed by a desire to prevent any further misunderstanding of his own views as well as he is to the sufferings and wants of all classes of his fellow citizens, or�by more anxious that the measures of the government may appear to be real and just and within the constitutional notice of the legislative power. The President is, however, not aware that any views which neither he or the committee may entertain�.will be less effectual if expressed in writing than presented verbally. And as he is desirous of net being misrepresented he will therefore decline seeing the committee unless the communication is made in writing so that his answer may be made in the same manner. Very respectfully, etc, etc. Andrew Jackson''. Thus early in 1834, Jackson was in the midst of his battle with the Bank of the United States, which he had refused to re-charter. The Senate had passed various resolutions concerning his actions, but Jackson had succeeded in transferring government funds to various state banks, thus effectively ending the Bank of the United States. A financial panic began to ensue, with the industrial and commercial houses in the Eastern and Mid-Atlantic states rapidly shuttering their operations. The State Banks, narrowed and heightened their requirements for loans, or called them in entirely. The Bank of the US, in response, started to withdraw its notes from circulation, under the pretext that unless their charter was renewed it would be compelled to close by the end of March, 1836. Under these conditions multiple petitions began to pour into the Congress and the White House. Jackson knowing that these actions were the result of an artificial panic, deliberately created in part by Henry Clay and John C. Calhoun, refused to receive any petitioners, as evidenced by our letter. This panic was short lived, as those State Banks whom Jackson had selected as recognized depositories, came to the rescue of the money markets, and the panic soon gave way to a revival of activity in the trades, industries and financial institutions. By July 1834, the situation had largely resolved itself. A fabulous letter documenting one of the critical points in our history.

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PRESIDENT ANDREW JACKSON ~~ IN REACTION TO THE FINANCIAL PANIC OF 1834 BROUGHT ON BY THE IMMENIENT COLLAPSE OF THE BANK OF THE UNITED STATES, ''IN ADOPTING THIS COURSE IS SOLELY GOVERNED BY A DESIRE TO PREVENT ANY FURTHER MISUNDERSTANDING OF HIS OWN VIEWS AS WELL AS HE IS TO THE SUFFERINGS AND WANTS OF ALL CLASSES OF HIS FELLOW CITIZENS''

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1834

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GERARD A.J. STODOLSKI, INC. IS ONE OF THE WORLD'S LEADING PURVEYORS OF FINE HISTORIC AUTOGRAPHS, ORIGINAL MANUSCRIPTS, NOTABLE PHOTOGRAPHS, SIGNIFICANT FIRST EDITION BOOKS AND SIGNED DOCUMENTS FROM ALL AGES IN HISTORY. Since 1978, we have helped develop superb private libraries and major institutional holdings. We excel in locating the unique single item or in developing specialty collections of Presidents, Literature, History, Royalty, Women, Philosophy, Americana, Science, Medicine, Law, Music and Art. Whether you are a beginning or seasoned collector, we can help you build the collection you want. We invite you to contact us about your interests and discuss which services we can provide for you. More About Us Our experience spans over six decades in the historic autograph, rare book and manuscript field. During those years we have been engaged in the full-time business of buying, selling and appraising original letters, manuscripts, documents, signed photographs, historical ephemera, posters and books. We have been members of the ABAA and ILAB for over 35 years. Among our many clients are: The White House, the Library of Congress, major libraries, colleges and Ivy League universities. Many of the finest private libraries and collections on the planet contain items that have passed through our hands. The total dollar amount of this material is incalculable. We have been profiled with a segment on the ABC Evening News, and have been quoted and/or interviewed by: The New York Times, NY Daily News, The Washington Post, and other major newspapers, both here and abroad. We have also authenticated and appraised major collections of material including: Abraham Lincoln?s ?House divided? speech for a Morgan Library patron; to Louisa May Alcott?s family archive, and the Leon Trotsky archives, both at Harvard University; to a major collection of French Impressionist artist letters; to a world class collection of Charles Dickens, now residing at the Dickens House Museum in London; to co-appraising the archives of The New York Stock Exchange, among hundreds of others. Our experience is second to none. We exhibit at many of the major book fairs and symposiums held nationally and internationally. Additionally, we participate in both auction and non-auction sales of material, representing client interests in New York, Los Angeles, Chicago, Hong Kong, Philadelphia, London, Paris, Shanghai, Berlin, Rome, Geneva and elsewhere. Unconditional Guarantee The authenticity of all material is guaranteed, without time limit. Any item found to be otherwise may be returned for an immediate, full refund of the purchase price. Refunds and our liability are limited to the original purchase price. Terms of Sale All items are subject to prior sale. Title of the material remains with the seller until invoice is paid in full. Shipping and insurance are extra. Extended payment options and ?Lay-a-ways?, are possible. Institutions may be billed according to their needs. Return Policy Our return policy allows items to be returned for any reason within seven (7) days of receipt, in the same condition that the item was sent out. Exceptions to this policy may be considered, if arranged in advance, and the terms must be in writing. Privacy Policy The privacy of our clients is of the utmost importance to us. All transactions and communications are kept strictly private, and we will not share or sell your information with anyone. Full information on our Technology Privacy Policy may be found on our website.

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