Lead: When Andrew Jackson vetoed the charter renewal for the Bank of the United States in 1832, he did so in part to confound the power of the likes of Nicholas Biddle.

Intro.: A Moment in Time with Dan Roberts.

Content: Born an aristocratic Philadelphian in 1786, Nicholas Biddle was graduated with honors at the age of 15 from the College of New Jersey in Princeton. He was a diplomat and literary editor before entering the complicated world of national finance. Probably as much as any man in his generation he understood the principles of banking and currency. Biddle was elected to the board of the Second Bank of the United States in 1819 and became its president four years later. A conservative banker under whose stewardship the Bank helped the United States weather the turbulent economy of the 1820s, he also represented everything Andy Jackson despised. He was Eastern, rich, educated and, aristocratic, and many thought he and his bank had too much power.

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