Democrats, led by their presidential candidate, Vice President Martin Van Buren, were victorious nationwide and in Van Buren's home state of New York, but Western New York voted Whig and sent Fillmore back to Washington.[43]

Second to fourth terms[edit]
Van Buren, faced with the economic Panic of 1837, which was caused partly by the lack of confidence in private banknote issues after Jackson had instructed the government to accept only gold or silver, called a special session of Congress. Government money had been held in so-called "pet banks" since Jackson had withdrawn it from the Second Bank. Van Buren proposed to place funds in sub-treasuries, government depositories that would not lend money. Believing that government funds should be lent to develop the country, Fillmore felt it would lock the nation's limited supply of gold money away from commerce. Van Buren's sub-treasury and other economic proposals passed, but as hard times continued, the Whigs saw an increased vote in the 1837 elections and captured the New York Assembly, which set up a fight for the 1838 gubernatorial nomination. Fillmore supported the leading Whig vice-presidential candidate from 1836, Francis Granger, but Weed preferred Seward.
