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The «loans-by-mail» program accounted for 28 p.c of Mariner’s loans issued within the third quarter of 2017, in response to Kroll. This decreased sales of public land and killed the surplus and the loans to the states. He convinced Secretary of the Treasury Levi Woodbury to problem the Specie Circular, which mentioned that after August 1836 solely gold/silver may very well be used to pay for land. Indians have been forced to signal new treaties giving up increasingly more land. By the 1820s it was apparent the Indians just weren? Indians to be pressured out w/funds from the Removal Act of 1830. The Choctaws were moved first, then the Creeks. Then came the Deposit Act of 1836, which allowed the Secretary of the Treasury to decide on one bank per state to do what the SBUS used to. Calhoun, who had resigned as VP and change into a South Carolina Senator, determined to work w/Henry Clay and finally got here up w/ the compromise Tariff of 1833, which lowered duties over a 9 year period. In November 1832, then, a South Carolina state convention nullified both tariffs and made it illegal to gather them w/in state boundaries.