[Please note: The word “Featured” on the left side above was NOT inserted by this blogger, but apparently was inserted by WordPress, and it cannot be removed. NO post in this blog is sponsored.]
WARNING: VERY LONG POST
The Book of the Week is “Martin Van Buren, America’s First Politician” by James M. Bradley, published in 2024.
In this hodgepodge of a volume, the author recounted many of the historical events to which Van Buren was witness in his lifetime. Throughout, the reader can see the evolution of American politics, and how some bad situations have become reversed, and others have stayed the same or gotten worse.
Van Buren was born in December 1782 in Kinderhook, New York State, now a part of Columbia county, a couple of hours’ drive north of New York City. For most of his teenage years, he was apprenticed to an attorney. His preliminary training was spent in a version of “night court” in a tavern– the courthouse of his generation.
Republicans were the “bleeding heart liberals” of the 1800’s, while the Federalists were the free-market capitalists who believed the country should be governed by a centralized authority. Van Buren began his political career as a Republican. Nevertheless, he accumulated great wealth while practicing law. There were wealthy politicians who bought the votes of the lawmakers to make themselves richer. He became one of them through the decades. Back in the day, there were no campaign finance laws, so no one was required to disclose any information on campaign donations.
Van Buren was elected New York State senator, and began his first term in November 1812. The governor of New York State appointed him to be that state’s attorney general in early 1815. Politics were fickle, so his job security was poor. At the same time, he was allowed to finish his term as senator before starting the attorney general job. By December 1821, the Republicans were the only political party in the United States.
In the last half of the 1820’s, Congress frequently succeeded in opposing president John Quincy Adams’ initiatives. For months, senator Van Buren and his cronies fought against one initiative Adams managed to push through: funding for a diplomatic trip to Panama, to make nice with various countries in South America. Adams and his vice president Henry Clay (of the Whig party he founded in the mid-1830’s) had wasted resources on this project that ended up a bust anyway, because a few of the key diplomats passed away. Meanwhile, Van Buren had been building a bipartisan coalition to oppose his political enemies on hot-button issues such as race and slavery.
In the early 1800’s, ninety percent of federal revenue came from tariffs, as a federal income tax wouldn’t be levied until 1913. Various parties were hurt or helped by those tariffs. New York City’s business stakeholders, as did the southern states of Virginia, North Carolina, South Carolina and Alabama, mostly agricultural, were hurt. Commercial entities located around the Erie Canal, and states in New England began to favor tariffs as they built new factories. At the dawn of the 1830’s, the federal government was able to purchase its own Treasury bills and pay off its debt entirely.
At the same time, President Andrew Jackson, claiming it was an anti-corruption measure, imposed a policy of mandatory turnover of federal office holders every four years. Only about ten percent of the workforce was affected, but drawbacks included: disruption of corporate culture and loss of institutional memory in the workplace, so that new hires had to re-invent the wheel, and the replacement-workers would likely be inexperienced. Jackson later named his party the Democrats.
In 1836, Van Buren ran for president as a Democrat. He was the only candidate on the ballot at the Convention in Baltimore. Separate states were allowed to push various Whig-party candidates, and they did, so they all became spoilers of one another.
Then then-philosophy had been to leave the economy alone, and not grant bailouts. President Jackson’s Democrats blamed the banks on hard times. But after the president himself enacted banking legislation, that wouldn’t fly. A financial crisis hit the fan in 1837. Van Buren’s presidency was the first in which ordinary Americans blamed the bad economy on the federal government.
President Van Buren proposed an Independent Treasury– a federal entity that would simply be a conduit for collecting federal revenue and paying bills. It should be unconnected to commercial and savings banks, which were proft-seeking and had to answer to shareholders. It should not be subjected to political meddling.
Nonetheless, the politicians were greedy hypocrites all, of both parties. Ordinary Americans of course, were brainwashed by propaganda, and didn’t know the half of it. The legislation for the Independent Treasury was finally passed in June 1840.
By the late 1830’s, America’s government consisted of a two-party system. The party that was out of power trashed the one in power. But, presidential candidates didn’t travel around campaigning. They promoted themselves by writing letters that got published in various newspapers (which were partisan). Whig candidate William Henry Harrison broke tradition by traveling around the country, smearing Democrat Van Buren.
Read the book to learn much, much, much more about Van Buren’s life and times.