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Nicholas Biddle (January 8, 1786 – February 27, 1844) was an American financier who served as the third and last president of the Second Bank of the United States (chartered 1816–1836). [1] Throughout his life Biddle worked as an editor, diplomat, author, and politician who served in both houses of the Pennsylvania state legislature.
The bank was in general disrepute among most Americans when Nicholas Biddle, the third and last president of the bank, was appointed by President James Monroe in 1823. [54] Under Biddle's guidance, the bank evolved into a powerful institution that produced a strong and sound system of national credit and currency. [55]
Nicholas Biddle was born in Philadelphia in 1750, one of nine children to William Biddle (1698–1756) of the Biddle family, and Mary Scull (1709–1789). [1] Biddle went to sea at the age of thirteen, as a ship's boy aboard a merchant vessel trading in the West Indies.
In 1819, Monroe appointed Nicholas Biddle of Philadelphia as Government Director of the Bank. In 1823, he was unanimously elected its president. In 1823, he was unanimously elected its president. According to early Jackson biographer James Parton , Biddle "was a man of the pen—quick, graceful, fluent, honorable, generous, but not practically ...
Captain Nicholas Biddle commanded the thirty-six-gun USS Randolph, having received orders from John Rutledge to break the enemy blockade of Charleston, South Carolina where a large number of merchantmen were trapped. After breaking the blockade Biddle was to sail into the South Atlantic.
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