Lot 23
Jackson, Andrew -- 1829 ALS Suggesting a Rule For Bonds Being Deposited to the Bank of the U.S (1767-1845) Seventh President of the United States (1829-37). Autograph letter signed "Andrew Jackson" as President, one page, 8½ x 7½", no place, April 22, 1829. Written less than seven weeks after he became President to S. D. Ingham, Secretary of the Navy: "For the Security of the revenue, the following rule is suggested to be established in the customs. All bonds taken by collectors to be deposited in Bank (u. States) when taken, as a credit to the united States, there to remain until they become due, & if not paid, then delivered to the atto[rney for the Destrict, for collection. If you approve let it be adopted. I would like to receive your views on this subject. Yrs respectfully…" Fine condition; one small discolored spot. Matted with a small engraving of Jackson and framed to an overall size of 14¾ x 18".
One of the roles of the Bank of the U.S. was processing custom duty fees for the US Treasury. As soon as he became President, Jackson challenged the constitutionality of the Bank and called for an investigation into its policies, feeling that it represented a privileged class of businessmen who opposed the good of the common people. His reelection in 1832 convinced him that he had a mandate to eliminate the Bank and he did whatever was necessary to destroy the Bank, whose charter officially expired in 1836. Estimate Value $3,000 - UP
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