The Union was affiliated with the Locofocos, who were against the Second Bank of the United States, but refrained from political activity so as to avoid the kind of demise suffered by the Working Man’s Party in 1829-30.
After the removal of the federal deposits from the Second Bank of the United States in 1833, he abandoned Tammany Hall and the Democratic Party, and joined the Whigs.
They were chosen among the big U.S. bank when President Andrew Jackson vetoed the recharter for the Second Bank of the United States, proposed by Daniel Webster and Henry Clay four years before the recharter was due.
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The Second Bank of the United States was directed for most of the period 1816 to 1836 by Nicholas Biddle, the nation's first chief banker and scion of the city's most iconic family.
A passionate supporter of Andrew Jackson, Pierson filled his letters with accounts of the president and other major political figures, including Martin Van Buren, Henry Clay, Daniel Webster, and John C. Calhoun, and discussed the issues that dominated Jacksonian politics, including the Cherokee nation's legal status, the Second Bank of the United States, the Tariff of 1833, and the Nullification Crisis.
During one of those speeches Congressman Pettis harshly criticized Nicholas Biddle, President of the Second Bank of the United States.
Like his predecessor, Louis McLane, who was moved to the Department of State, Duane refused to remove government deposits from the Bank of the United States and transfer them to state banks.