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Nicholas Biddle (January 8, 1786 – February 27, 1844) was an American financier who served as the third and last president of the Second Bank of the United States (chartered 1816–1836). [1] Throughout his life Biddle worked as an editor, diplomat, author, and politician who served in both houses of the Pennsylvania state legislature.
The charter for the Second Bank of the United States, which was headed by Nicholas Biddle, was for a period of twenty years beginning in 1816, but Jackson's distrust of the national banking system (which he claimed to be unconstitutional) led to Biddle's proposal to recharter early, and the beginning of the Bank War.
Nicholas Biddle was born in Philadelphia in 1750, one of nine children to William Biddle (1698–1756) of the Biddle family, and Mary Scull (1709–1789). [1] Biddle went to sea at the age of thirteen, as a ship's boy aboard a merchant vessel trading in the West Indies.
The bank was in general disrepute among most Americans when Nicholas Biddle, the third and last president of the bank, was appointed by President James Monroe in 1823. [54] Under Biddle's guidance, the bank evolved into a powerful institution that produced a strong and sound system of national credit and currency. [55]
In 1819, Monroe appointed Nicholas Biddle of Philadelphia as Government Director of the Bank. In 1823, he was unanimously elected its president. In 1823, he was unanimously elected its president. According to early Jackson biographer James Parton , Biddle "was a man of the pen—quick, graceful, fluent, honorable, generous, but not practically ...
He persuaded the president of the bank, Nicholas Biddle, to request recharter a full four years early in order to coincide with the presidential election. As expected, Jackson vetoed the recharter bill and issued a stinging veto message criticizing the bank's interference in national politics.
Nicholas Biddle: 917 standard 11 August 1942: 22 September 1942: Scrapped 1963 SS Nicholas D. Labadie: Nicholas D. Labadie: 2929 standard 31 March 1944: 11 May 1944: Scrapped 1962 SS Nicholas Gilman: Nicholas Gilman: 103 standard 4 May 1942: 25 July 1942: Scrapped 1963 SS Nicholas Herkimer: Nicholas Herkimer: 1052 standard 8 April 1943: 8 June ...
Captain Nicholas Biddle commanded the thirty-six-gun USS Randolph, having received orders from John Rutledge to break the enemy blockade of Charleston, South Carolina where a large number of merchantmen were trapped. After breaking the blockade Biddle was to sail into the South Atlantic.