Attributed to Napoleon Sarony
The Globe-Man After hearing of the Vote
on the Sub-Treasury Bill
Publisher: H. R. Robinson
Lithograph
1838
The Globe Man refers to Francis Preston Blair, the influential editor of the Democratic newspaper, the Globe. He was a close advisor to President Van Buren and a keen supporter of Van Buren's fiscal program.
In response to the Panic of 1837, Van Buren proposed the creation of an Independent Treasury separate from any bank. The Bill provided for the establishment of Sub-Treasuries in major cities around the country, so it was known as the Sub-Treasury Bill. It was defeated by Congress in 1838.
SEE ALSO:
The Globe Man Listening to Webster’s Speech, on the Specie Circular |