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 1834, the Senate, after having tried in vain to pass a more specific censure, resolved that the President had "assumed upon himself authority and power not conferred by the Constitution and the laws." On April 15, the President sent in a protest against this resolution, saying that if he had been guilty of violating the Constitution he ought to be impeached, not censured by resolution. This protest the Senate refused to register. They could not impeach him, and the House was far from thinking of such a thing. In fact, the question of status of the Secretary of the Treasury is a delicate one. Some independent responsibility is laid upon him, according to the laws of 1789 and 1800, but, as he is liable to be dismissed by the President, he cannot have an independent responsibility. The resolution of censure was "expunged" on January 16, 1837. In the House of Representatives, on April 4, 1834, it was resolved that the Bank ought not to be re-chartered, that the deposits ought not to be restored, that the state banks ought to be made depositories of the public funds, and that a select committee on the Bank should be raised. The majority of this committee reported, on May 22, that the Bank had refused to submit to investigation, while the minority (Everett and Ellsworth) reported that the majority had made unreasonable demands. On February 4, 1834 the Senate had referred to the Finance Committee an inquiry in regard to the Bank; and at the next session, on December 18, 1834, the Committee reported, by John Tyler, favorably to the Bank in every respect. In the message of December, 1834, the President reviewed the whole war against the Bank and summed up the charges against it. Therewith the political and congressional war over the old Bank came to an end with a full victory for the administration.

The earliest announcement of the policy of the administration in favor of a metallic currency was in a reply made by the President in February, 1834, to a deputation from