Nеw Ðntеrnеt Ñs ÑоmÑng аs sооn аs.... [logo]( Editorâs note
At times, our affiliate partners reach out to the Editors at The Classy Investors with special opportunities for our readers. The message below is one we think you should take a close, serious look at. Dear Reader, I need you to do something right away: Check this out. Because a new Internet is coming as soon as April 1st, 2023... And as youâll see, it could change your life forever. The first Democrat elected after the Civil War in 1885, our 22nd and 24th President Grover Cleveland was the only President to leave the White House and return for a second term four years later (1885-1889 and 1893-1897). The First Democrat elected after the Civil War, Grover Cleveland was the only President to leave the White House and return for a second term four years later. One of nine children of a Presbyterian minister, Cleveland was born in New Jersey in 1837. He was raised in upstate New York. As a lawyer in Buffalo, he became notable for his single-minded concentration upon whatever task faced him. At 44, he emerged into a political prominence that carried him to the White House in three years. Running as a reformer, he was elected Mayor of Buffalo in 1881, and later, Governor of New York. Cleveland won the Presidency with the combined support of Democrats and reform Republicans, the âMugwumps,â who disliked the record of his opponent James G. Blaine of Maine. A bachelor, Cleveland was ill at ease at first with all the comforts of the White House. âI must go to dinner,â he wrote a friend, âbut I wish it was to eat a pickled herring a Swiss cheese and a chop at Louisâ instead of the French stuff I shall find.â In June 1886 Cleveland married 21-year-old Frances Folsom; he was the only President married in the White House. Cleveland vigorously pursued a policy barring special favors to any economic group. Vetoing a bill to appropriate $10,000 to distribute seed grain among drought-stricken farmers in Texas, he wrote: âFederal aid in such cases encourages the expectation of paternal care on the part of the Government and weakens the sturdiness of our national character. . . . â He also vetoed many private pension bills to Civil War veterans whose claims were fraudulent. When Congress, pressured by the Grand Army of the Republic, passed a bill granting pensions for disabilities not caused by military service, Cleveland vetoed it, too. He angered the railroads by ordering an investigation of western lands they held by Government grant. He forced them to return 81,000,000 acres. He also signed the Interstate Commerce Act, the first law attempting Federal regulation of the railroads. In December 1887 he called on Congress to reduce high protective tariffs. Told that he had given Republicans an effective issue for the campaign of 1888, he retorted, âWhat is the use of being elected or re-elected unless you stand for something?â But Cleveland was defeated in 1888; although he won a larger popular majority than the Republican candidate Benjamin Harrison, he received fewer electoral votes. Elected again in 1892, Cleveland faced an acute depression. He dealt directly with the Treasury crisis rather than with business failures, farm mortgage foreclosures, and unemployment. He obtained repeal of the mildly inflationary Sherman Silver Purchase Act and, with the aid of Wall Street, maintained the Treasuryâs gold reserve. When railroad strikers in Chicago violated an injunction, Cleveland sent Federal troops to enforce it. âIf it takes the entire army and navy of the United States to deliver a post card in Chicago,â he thundered, âthat card will be delivered.â Clevelandâs blunt treatment of the railroad strikers stirred the pride of many Americans. So did the vigorous way in which he forced Great Britain to accept arbitration of a disputed boundary in Venezuela. But his policies during the depression were generally unpopular. His party deserted him and nominated William Jennings Bryan in 1896. After leaving the White House, Cleveland lived in retirement in Princeton, New Jersey. He died in 1908. Zachary Taylor, a general and national hero in the United States Army from the time of the Mexican-American War and the War of 1812, was elected the 12th U.S. President, serving from March 1849 until his death in July 1850. Northerners and Southerners disputed sharply whether the territories wrested from Mexico should be opened to slavery, and some Southerners even threatened secession. Standing firm, Zachary Taylor was prepared to hold the Union together by armed force rather than by compromise. Born in Virginia in 1784, he was taken as an infant to Kentucky and raised on a plantation. He was a career officer in the Army, but his talk was most often of cotton raising. His home was in Baton Rouge, Louisiana, and he owned a plantation in Mississippi. But Taylor did not defend slavery or southern sectionalism; 40 years in the Army made him a strong nationalist. He spent a quarter of a century policing the frontiers against Indians. In the Mexican War he won major victories at Monterrey and Buena Vista. President Polk, disturbed by General Taylorâs informal habits of command and perhaps his Whiggery as well, kept him in northern Mexico and sent an expedition under Gen. Winfield Scott to capture Mexico City. Taylor, incensed, thought that âthe battle of Buena Vista opened the road to the city of Mexico and the halls of Montezuma, that others might revel in them.â âOld Rough and Readyâsâ homespun ways were political assets. His long military record would appeal to northerners; his ownership of 100 slaves would lure southern votes. He had not committed himself on troublesome issues. The Whigs nominated him to run against the Democratic candidate, Lewis Cass, who favored letting the residents of territories decide for themselves whether they wanted slavery. In protest against Taylor the slaveholder and Cass the advocate of âsquatter sovereignty,â northerners who opposed extension of slavery into territories formed a Free Soil Party and nominated Martin Van Buren. In a close election, the Free Soilers pulled enough votes away from Cass to elect Taylor. Although Taylor had subscribed to Whig principles of legislative leadership, he was not inclined to be a puppet of Whig leaders in Congress. He acted at times as though he were above parties and politics. As disheveled as always, Taylor tried to run his administration in the same rule-of-thumb fashion with which he had fought Indians. Traditionally, people could decide whether they wanted slavery when they drew up new state constitutions. Therefore, to end the dispute over slavery in new areas, Taylor urged settlers in New Mexico and California to draft constitutions and apply for statehood, bypassing the territorial stage. Southerners were furious, since neither state constitution was likely to permit slavery; Members of Congress were dismayed, since they felt the President was usurping their policy-making prerogatives. In addition, Taylorâs solution ignored several acute side issues: the northern dislike of the slave market operating in the District of Columbia; and the southern demands for a more stringent fugitive slave law. In February 1850 President Taylor had held a stormy conference with southern leaders who threatened secession. He told them that if necessary to enforce the laws, he personally would lead the Army. Persons âtaken in rebellion against the Union, he would hang ⦠with less reluctance than he had hanged deserters and spies in Mexico.â He never wavered. Then events took an unexpected turn. After participating in ceremonies at the Washington Monument on a blistering July 4, Taylor fell ill; within five days he was dead. After his death, the forces of compromise triumphed, but the war Taylor had been willing to face came 11 years later. In it, his only son Richard served as a general in the Confederate Army. [image]( Best, [image] Sincerely, Franklin Pierce became 14th President of the United States at a time of apparent tranquility (1853-1857). By pursuing the recommendations of southern advisers, Pierce â a New Englander â hoped to ease the divisions that led eventually to Civil War. Franklin Pierce became President at a time of apparent tranquility. The United States, by virtue of the Compromise of 1850, seemed to have weathered its sectional storm. By pursuing the recommendations of southern advisers, Pierceâa New Englanderâhoped to prevent still another outbreak of that storm. But his policies, far from preserving calm, hastened the disruption of the Union. Born in Hillsborough, New Hampshire, in 1804, Pierce attended Bowdoin College. After graduation he studied law, then entered politics. At 24 he was elected to the New Hampshire legislature; two years later he became its Speaker. During the 1830âs he went to Washington, first as a Representative, then as a Senator. Pierce, after serving in the Mexican War, was proposed by New Hampshire friends for the Presidential nomination in 1852. At the Democratic Convention, the delegates agreed easily enough upon a platform pledging undeviating support of the Compromise of 1850 and hostility to any efforts to agitate the slavery question. But they balloted 48 times and eliminated all the well-known candidates before nominating Pierce, a true âdark horse.â Probably because the Democrats stood more firmly for the Compromise than the Whigs, and because Whig candidate Gen. Winfield Scott was suspect in the South, Pierce won with a narrow margin of popular votes. Two months before he took office, he and his wife saw their eleven-year-old son killed when their train was wrecked. Grief-stricken, Pierce entered the Presidency nervously exhausted. In his Inaugural he proclaimed an era of peace and prosperity at home, and vigor in relations with other nations. The United States might have to acquire additional possessions for the sake of its own security, he pointed out, and would not be deterred by âany timid forebodings of evil.â Pierce had only to make gestures toward expansion to excite the wrath of northerners, who accused him of acting as a catâs-paw of Southerners eager to extend slavery into other areas. Therefore he aroused apprehension when he pressured Great Britain to relinquish its special interests along part of the Central American coast, and even more when he tried to persuade Spain to sell Cuba. But the most violent renewal of the storm stemmed from the Kansas-Nebraska Act, which repealed the Missouri Compromise and reopened the question of slavery in the West. This measure, the handiwork of Senator Stephen A. Douglas, grew in part out of his desire to promote a railroad from Chicago to California through Nebraska. Already Secretary of War Jefferson Davis, advocate of a southern transcontinental route, had persuaded Pierce to send James Gadsden to Mexico to buy land for a southern railroad. He purchased the area now comprising southern Arizona and part of southern New Mexico for $10,000,000. Douglasâs proposal, to organize western territories through which a railroad might run, caused extreme trouble. Douglas provided in his bills that the residents of the new territories could decide the slavery question for themselves. The result was a rush into Kansas, as southerners and northerners vied for control of the territory. Shooting broke out, and âbleeding Kansasâ became a prelude to the Civil War. By the end of his administration, Pierce could claim âa peaceful condition of things in Kansas.â But, to his disappointment, the Democrats refused to renominate him, turning to the less controversial Buchanan. Pierce returned to New Hampshire, leaving his successor to face the rising fury of the sectional whirlwind. He died in 1869. Michael Robinson Chief Investment Officer Trend Trader Daily Andrew Jackson was the seventh President of the United States from 1829 to 1837, seeking to act as the direct representative of the common man. More nearly than any of his predecessors, Andrew Jackson was elected by popular vote; as President he sought to act as the direct representative of the common man. Born in a backwoods settlement in the Carolinas in 1767, he received sporadic education. But in his late teens he read law for about two years, and he became an outstanding young lawyer in Tennessee. Fiercely jealous of his honor, he engaged in brawls, and in a duel killed a man who cast an unjustified slur on his wife Rachel. Jackson prospered sufficiently to buy slaves and to build a mansion, the Hermitage, near Nashville. He was the first man elected from Tennessee to the House of Representatives, and he served briefly in the Senate. A major general in the War of 1812, Jackson became a national hero when he defeated the British at New Orleans. In 1824 some state political factions rallied around Jackson; by 1828 enough had joined âOld Hickoryâ to win numerous state elections and control of the Federal administration in Washington. In his first Annual Message to Congress, Jackson recommended eliminating the Electoral College. He also tried to democratize Federal officeholding. Already state machines were being built on patronage, and a New York Senator openly proclaimed âthat to the victors belong the spoils. . . . â Jackson took a milder view. Decrying officeholders who seemed to enjoy life tenure, he believed Government duties could be âso plain and simpleâ that offices should rotate among deserving applicants. As national politics polarized around Jackson and his opposition, two parties grew out of the old Republican Partyâthe Democratic Republicans, or Democrats, adhering to Jackson; and the National Republicans, or Whigs, opposing him. Henry Clay, Daniel Webster, and other Whig leaders proclaimed themselves defenders of popular liberties against the usurpation of Jackson. Hostile cartoonists portrayed him as King Andrew I. Behind their accusations lay the fact that Jackson, unlike previous Presidents, did not defer to Congress in policy-making but used his power of the veto and his party leadership to assume command. The greatest party battle centered around the Second Bank of the United States, a private corporation but virtually a Government-sponsored monopoly. When Jackson appeared hostile toward it, the Bank threw its power against him. Clay and Webster, who had acted as attorneys for the Bank, led the fight for its recharter in Congress. âThe bank,â Jackson told Martin Van Buren, âis trying to kill me, but I will kill it!â Jackson, in vetoing the recharter bill, charged the Bank with undue economic privilege. His views won approval from the American electorate; in 1832 he polled more than 56 percent of the popular vote and almost five times as many electoral votes as Clay. Jackson met head-on the challenge of John C. Calhoun, leader of forces trying to rid themselves of a high protective tariff. When South Carolina undertook to nullify the tariff, Jackson ordered armed forces to Charleston and privately threatened to hang Calhoun. Violence seemed imminent until Clay negotiated a compromise: tariffs were lowered and South Carolina dropped nullification. In January of 1832, while the President was dining with friends at the White House, someone whispered to him that the Senate had rejected the nomination of Martin Van Buren as Minister to England. Jackson jumped to his feet and exclaimed, âBy the Eternal! Iâll smash them!â So he did. His favorite, Van Buren, became Vice President, and succeeded to the Presidency when âOld Hickoryâ retired to the Hermitage, where he died in June 1845. James Monroe was the fifth President of the United States (1817â1825) and the last President from the Founding Fathers. On New Yearâs Day, 1825, at the last of his annual White House receptions, President James Monroe made a pleasing impression upon a Virginia lady who shook his hand: âHe is tall and well formed. His dress plain and in the old styleâ¦. His manner was quiet and dignified. From the frank, honest expression of his eye ⦠I think he well deserves the encomium passed upon him by the great Jefferson, who said, âMonroe was so honest that if you turned his soul inside out there would not be a spot on it.â â Born in Westmoreland County, Virginia, in 1758, Monroe attended the College of William and Mary, fought with distinction in the Continental Army, and practiced law in Fredericksburg, Virginia. As a youthful politician, he joined the anti-Federalists in the Virginia Convention which ratified the Constitution, and in 1790, an advocate of Jeffersonian policies, was elected United States Senator. As Minister to France in 1794-1796, he displayed strong sympathies for the French cause; later, with Robert R. Livingston, he helped negotiate the Louisiana Purchase. His ambition and energy, together with the backing of President Madison, made him the Republican choice for the Presidency in 1816. With little Federalist opposition, he easily won re-election in 1820. Monroe made unusually strong Cabinet choices, naming a Southerner, John C. Calhoun, as Secretary of War, and a northerner, John Quincy Adams, as Secretary of State. Only Henry Clayâs refusal kept Monroe from adding an outstanding Westerner. Early in his administration, Monroe undertook a goodwill tour. At Boston, his visit was hailed as the beginning of an âEra of Good Feelings.â Unfortunately these âgood feelingsâ did not endure, although Monroe, his popularity undiminished, followed nationalist policies. Across the facade of nationalism, ugly sectional cracks appeared. A painful economic depression undoubtedly increased the dismay of the people of the Missouri Territory in 1819 when their application for admission to the Union as a slave state failed. An amended bill for gradually eliminating slavery in Missouri precipitated two years of bitter debate in Congress. The Missouri Compromise bill resolved the struggle, pairing Missouri as a slave state with Maine, a free state, and barring slavery north and west of Missouri forever. In foreign affairs Monroe proclaimed the fundamental policy that bears his name, responding to the threat that the more conservative governments in Europe might try to aid Spain in winning back her former Latin American colonies. Monroe did not begin formally to recognize the young sister republics until 1822, after ascertaining that Congress would vote appropriations for diplomatic missions. He and Secretary of State John Quincy Adams wished to avoid trouble with Spain until it had ceded the Floridas, as was done in 1821. Great Britain, with its powerful navy, also opposed reconquest of Latin America and suggested that the United States join in proclaiming âhands off.â Ex-Presidents Jefferson and Madison counseled Monroe to accept the offer, but Secretary Adams advised, âIt would be more candid ⦠to avow our principles explicitly to Russia and France, than to come in as a cock-boat in the wake of the British man-of-war.â Monroe accepted Adamsâs advice. Not only must Latin America be left alone, he warned, but also Russia must not encroach southward on the Pacific coast. â. . . the American continents,â he stated, âby the free and independent condition which they have assumed and maintain, are henceforth not to be considered as subjects for future colonization by any European Power.â Some 20 years after Monroe died in 1831, this became known as the Monroe Doctrine. [logo](
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