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Nevertheless the bank’s president wished to early renew the charter. He made the demand in January 1832 — nine months ahead of the next presidential election.

Nevertheless the bank’s president wished to early renew the charter. He made the demand in January 1832 — nine months ahead of the next presidential election. Jackson’s opponent, Senator Henry Clay of Kentucky, was sure that the presssing problem of the lender could win him some votes. Clay argued their...

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