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8:00 AM PT - Feb 10th, 2008

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Lot 804
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1834 Manuscript Letter: Jackson & the U.S. Bank

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"The report today from Washington is that Mr. Calhoun is about to introduce a project for a National Bank..."

1834 Letter With Superb Content Surrounding Andrew Jackson and the U.S. Bank, New York, NY, Very Choice Extremely Fine.

Very lengthy 3+ closely written pages of a manuscript letter and integral envelope datelined New York City, Mar. 20, 1834, from Thomas Masters to his daughter, Martha, or Mrs. Henry W. Taylor, in Canandaigua.
The letter measures 10.5" x 8.25", and the manuscript is very bright, bold and beautifully written in brown ink on fine paper. The only absence that exists is on the right side where a piece of the document was lost due to the wax seal. However, the text is hardly affected by this small imperfection. As well, there is almost no chipping that exists on the document and it is in excellent condition. The red wax seal is still visible, and the original imprint of an "M" has been preserved. As well, the integral is postage stamped, "New York Mar. 21" in red ink. Among many topics discussed at length, including a detailed suggested travel itinerary for his son in Europe, there is very good content that concerns the political scene, both national and in New York City. It reads, in part:
"George (Griswold) has lost some of his popularity among the merchants by his tenacious opposition to the U.S. Bank & advocacy of Jacksonian measures. For two or three days he had to be very quiet in coming to the exchange or he would have been insulted. We are fallen on times of great excitement... The Jackson party have put up Corn. V.W. Lawrence for Mayor - the representative in Congress of whom our delegation complained of his trifling with them. [Cornelius Van Wyck Lawrence, in Congress 1833-34; Mayor of New York City, 1834-37]. The independent republicans unanimously agreed to put forward Mr. Julian C. Verplanck, but this gentleman... has peremptorily declined serving... Above all men, the agriculturists ought all to come out against Jackson, and the lawyers for him. The changes in the value of property & distribution from the man in moderate circumstances to the capitalist will make work for them. Last evening there was a meeting of young men of the City of Masonic Hall. The place was crammed full, the speeches were extremely exciting & the resolutions strong. In the afternoon, there was a very crowded meeting of the merchants at the exchange to receive the report of the Union Committee. It is an able public document... written by Albert Gallatin... The report today from Washington is that Mr. Calhoun is about to introduce a project for a National Bank to go into operation after the termination of the U.S. Bank, in which it is said he has Mr. Clay's sanction, and the approbation of some of the administration members..."

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