1811

Nathan Rothschild gets in on the act and makes the following revealing statement as to who was really behind the First Bank of the United States,

"Either the application for renewal of the charter is granted, or the United States will find itself involved in a most disastrous war."

When the smoke had cleared the renewal bill was cleared by a single vote in the house and was deadlocked in the Senate.

A bill was put before Congress to renew the charter of the First Bank of the United States. The legislatures of both Pennsylvania and Virginia pass resolutions asking Congress to kill the bank. The national press openly attack the bank calling it: a great swindle; a vulture; a viper; and a cobra.

At this point America's fourth President, President James Madison was in the White House. He was a staunch opponent of the bank and he sent his Vice-President, George Clinton, to break a tie in the Senate which killed the bank.