Sunday, October 24, 2010

Fiscal Bank

After Tyler flatly vetoed the bank bill, claiming it to be unconstitutional, the stunned whig leaders tried once again to pass a bank bill . Striving to pacify Tyler's objections to a "fiscal bank" , they passed another bill providing for a"fiscal corporation". But the president , still unbending , vetoed the offensive substitute. The Democrats were jubilant since they had been saved from another financial "monster". ( fiscal means : financial or monetary)

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