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BIDDLE, NICHOLAS (1786—1844)

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Originally appearing in Volume V03, Page 919 of the 1911 Encyclopedia Britannica.
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BIDDLE, See also:NICHOLAS (1786—1844) , See also:American financier, was See also:born in See also:Philadelphia on the 8th of See also:January 1786. He was the See also:nephew of a See also:naval officer, See also:Captain Nicholas Biddle (1750—1778), who lost his See also:life while fighting on the American See also:side, during the See also:War of American See also:Independence. After almost See also:finishing the prescribed course at the university of See also:Pennsylvania, the boy went to See also:Princeton, where he graduated with high honours in 18oi. During 1804—1807 he was the secretary, first of See also:John See also:Armstrong, See also:minister to See also:France, and then of See also:James See also:Monroe, minister to See also:Great See also:Britain. After his return to See also:America he practised See also:law for several years in Philadelphia, was an See also:associate editor of Dennie's See also:Portfolio, to which he contributed both See also:prose and See also:verse, and, with much See also:literary skill, prepared for the See also:press from the explorers' own See also:journals a See also:History of the Expedition under the Command of Captains See also:Lewis and See also:Clark (1814). He was a prominent member of the Pennsylvania See also:House of Representatives in 1810—1811 and of the See also:Senate in 1814—1817, and in 1819 became, by See also:President Monroe's See also:appointment, one of the five See also:government See also:directors of the See also:Bank of the See also:United States. In 1823 he replaced See also:Langdon Cheves as its president. In See also:general he followed a conservative policy and showed marked ability in the management of the bank, but during President See also:Andrew See also:Jackson's warfare upon that institution, his See also:character and his policy were violently assailed by the president and his followers. The bank's See also:national See also:charter lapsed in 1836, but it was immediately chartered by Pennsylvania as the " Bank of the United States, of Pennsylvania "; and Biddle remained president until 1839, two years before the bank failed. As president of the See also:board of trustees appointed for the purpose, he took a prominent See also:part in the See also:establishment of See also:Girard See also:College, in accordance with the will of See also:Stephen Girard (q.v.). He died in Philadelphia on the 27th of See also:February 1844. His son, See also:CHARLES JOHN BIDDLE (1819-1873), served in the Mexican War as a captain of See also:infantry, earning the See also:brevet of See also:major at Chapultepec; practised law in Philadelphia; was a representative in See also:Congress in 1861—1863; was See also:long editor-in-See also:chief of the Philadelphia See also:Age; and published "The See also:Case of Major See also:Andre, with a See also:Review of the Statement of it in See also:Lord Mahon's History of See also:England," in the See also:Memoirs of the See also:Historical Society of Pennsylvania (1858).

The best See also:

account of Nicholas Biddle's See also:administration of the bank may be found in an excellent See also:work, by See also:Ralph C. H. Catterall, The Second Bank of the United States (See also:Chicago, 1903).

End of Article: BIDDLE, NICHOLAS (1786—1844)

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