BIDDLE, NICHOLAS (17861844)

This article appears in Volume V03, Page 919 of the Encyclopedia Britannica.

Encyclopedia Britannica - Main :: BER-BLA

BIDDLE, NICHOLAS (17861844) , American financier, was born in Philadelphia on the 8th of January 1786. He was the nephew of a naval officer, Captain Nicholas Biddle (17501778), who lost his life while fighting on the American side, during the War of American Independence. After almost finishing the prescribed course at the university of

Pennsylvania

PENNSYLVANIA
PENNSYLVANIA, UNIVERSITY OF

, the boy went to Princeton, where he graduated with high honours in 18oi. During 18041807 he was the secretary, first of John Armstrong, minister to France, and then of James Monroe, minister to

Great

GREAT

Britain. After his return to America he practised law for several years in Philadelphia, was an associate editor of Dennie's Portfolio, to which he contributed both

prose

PROSE

and verse, and, with much literary skill, prepared for the press from the explorers' own journals a History of the Expedition under the Command of Captains Lewis and

Clark

(1814). He was a prominent member of the

Pennsylvania

PENNSYLVANIA
PENNSYLVANIA, UNIVERSITY OF

House

HOUSE
HOUSE (O. Eng. hiss, a word common to Teutonic languages, cf. Dut. huis, Ger. Haus; in
Gothic
- GOTHIC
it is only found in gudhiss, a temple; it may be ultimately connected with the root of " hide," conceal)

of Representatives in 18101811 and of the Senate in 18141817, and in 1819 became, by President Monroe's appointment, one of the five government directors of the Bank of the United States. In 1823 he replaced Langdon Cheves as its president. In general he followed a conservative policy and showed marked ability in the management of the bank, but during President Andrew Jackson's warfare upon that institution, his character and his policy were violently assailed by the president and his followers. The bank's national 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 board of trustees appointed for the purpose, he took a prominent part in the

establishment

ESTABLISHMENT (0. Fr. establissement, Fr. etablissement,
late
- LATE
Norm. Fr. establishement, from O. Fr. establir, Fr. etablir, Lat. stabilire, to make stable)

of Girard College, in accordance with the will of Stephen Girard (q.v.). He died in Philadelphia on the 27th of February 1844.
His son, CHARLES JOHN BIDDLE (1819-1873), served in the
Mexican War as a captain of infantry, earning the brevet of major at Chapultepec; practised law in Philadelphia; was a representative in Congress in 18611863; was long editor-in-

chief

CHIEF (from Fr. chef, head, Lat. caput)

of the Philadelphia Age; and published "The Case of Major Andre, with a Review of the Statement of it in Lord Mahon's History of England," in the Memoirs of the Historical Society of Pennsylvania (1858).
The best account of Nicholas Biddle's administration of the bank may be found in an excellent

work

WORK

, by Ralph C. H. Catterall, The Second Bank of the United States (Chicago, 1903).

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