thought a compromise was possible. In 1831, Treasury Secretary Louis McLane told Biddle that Jackson was open to chartering a modified version of the Bank, but Biddle did not consult Jackson directly. Privately, Jackson expressed opposition to the Bank; publicly, he announced that he would leave the decision concerning the Bank in the hands of the people. Biddle was finally convinced to take open action by Henry Clay, who had decided to run for president against Jackson in the 1832 election. Biddle would agree to seek renewal of the charter two years earlier than scheduled. Clay argued that Jackson was in a bind. If he vetoed the charter, he would loose the votes of his pro-Bank constituents in Pennsylvania; but if he signed the charter, he would lose his anti-Bank constituents. After the recharter bill was passed, Jackson vetoed it on July 10, 1832, arguing that the country should not surrender the will of the majority to the desires of the wealthy. Election of 1832 The 1832 presidential election demonstrated the rapid development of political parties during Jackson's presidency. The Democratic Party's first national convention, held in Baltimore, nominated Jackson's choice for vice president, Martin Van Buren. The National Republican Party, which had held its first convention in Baltimore earlier in December 1831, nominated Clay, now a senator from Kentucky, and John Sergeant of Pennsylvania. An Anti-Masonic Party with a platform built around opposition to Freemasonry, it supported neither Jackson nor Clay, who both were Masons. The party nominated William Wirt of Maryland and Amos Ellmaker of Pennsylvania. In addition to the votes Jackson would lose because of the Bank veto, Clay hoped that Jackson's Indian Removal Act would alienate voters in the East; but Jackson's losses were offset by the Act's popularity in the West and Southwest. Clay had also expected that Jackson would lose votes because of his stand on internal improvements. Jackson had vetoed the Maysville Road bill, which funded an upgrade of a section of the National Road in Clay's state of Kentucky; as part of his justification, Jackson claimed it was unconstitutional to fund internal improvements using national funds for local projects. Clay's strategy failed. Jackson was able to mobilize the Democratic Party's strong political networks. The Northeast supported Jackson because he was in favor of maintaining a stiff tariff; the West supported him because the Indian Removal Act reduced the number of Native Americans