“In the presidential election of 1840, strictly economic principles were not prominent. The Whig National convention met at Harrisburg, Pennsylvania, December 4, 1839, and nominated William H. Harrison of Ohio and John Tyler of Virginia for President and Vice-president respectively. They conducted the campaign with unbounded enthusiasm, attacking Van Buren and his financial policy with great energy. Although they adopted no platform, they favored loose construction, the American system of protective tariff, and internal improvement by the national government.
“The Democratic national convention met at Baltimore, May 5, 1840, and adopted a strict constructionist platform, denying the power of Congress to carry on internal improvements,[52] to protect manufactures, to charter a National Bank, or to interfere with slavery in the states. It unanimously renominated President Van Buren, but left nominations for the Vice-presidency to be made by the various states. The simultaneous appearance of the ‘Panic of 1837’ and Van Buren in the presidential chair produced the belief in the popular mind that he was the cause of that unfortunate financial distress. The vote in New York is likely to indicate the two following facts: where the financial distress was greatest and the region most favorable to internal improvements. Van Buren carried Section A, with the largest majority in Class III. Recalling that this was a rural region, very stable in its population and valuation, we see that it would be least affected by financial distress. Classes I and II of Section B were also carried by Van Buren, but the rural region, Class III, was carried by Harrison. Section C was also carried by Harrison, with the largest majority in Class III. The large cities also gave a majority to Harrison and although Albany and Utica are situated in a class which cast a larger vote for Van Buren they gave a majority to Harrison; and even Buffalo gave a greater per cent of its vote to Harrison than the class in which it is situated. The large majority in Class III of Section C may be accounted for by the enthusiasm for internal improvements in this region and the majority in the cities by their opposition to Van Buren because of the great distress they were subject to during the Panic of 1837.
“We find the state issues and results of the election somewhat similar to those of the national election in the state. The Whigs nominated Governor W. H. Seward and the Democrats nominated Mr. Bouck. The Whigs advocated internal improvements upon a large scale, while the Democrats advocated retrenchment in this work. The Albany Argus of September 25, 1840, states of Mr. Seward, the Whig nominee for governor: Departing from the democratic policy of enlarging the Erie canal by means of its revenues only, he has urged upon the legislature, its ‘more speedy’ enlargement, at all hazards, and the creation of a debt for that purpose—a debt which alone will absorb all our revenues, leaving the principal to be paid by direct taxation. He has recommended that state work be undertaken, the cost of which will involve the people in debt of at least $40,000,000. In addition he has urged upon the legislature loans to corporations—of the credit of the state to an indefinite amount—for almost every mad scheme speculators might suggest.[53]
“Summing up the most important internal improvement works for which Mr. Seward advocated state aid, we have, the enlargement of the Erie canal,[54] the Black River canal in the counties of Oneida and Lewis and joining the Black River with the Erie canal, the Genesee Valley canal in the counties of Broome, Chenango, Madison, and Oneida joining the Chenango river with the Erie Canal (the two canals last mentioned would unite Lake Ontario with the Susquehanna River), and the Hudson and Erie Railroad previously mentioned. Turning to the results of the election we find that Section A gave a large majority to Mr. Bouck with the greatest per cent of the vote in Class I, and the least in Class III; Classes I and II of Section B also cast a majority for Mr. Bouck, but Class III and all of Section C gave a majority to Mr. Seward. Class III of the last mentioned section gave the largest per cent and Class II the next to the largest per cent of the vote to Mr. Seward. Recalling that the Hudson and Erie railroad was to pass through the entire length of the southern part of Class III of Section C and also through Class III of Section A, we see the cause of the increased vote above the neighboring classes for Mr. Seward. (See Table.) The conclusion to be drawn from the above fact that the rural region which was most desirous of obtaining some means of communication had cast the larger per cent for Mr. Seward who supported an extensive system of internal improvement, is that economic conditions largely determined the vote.
ELECTION OF 1840
| For Governor | For President | |||
| Seward | Bouck | Harrison | Van Buren | |
| Section A | ||||
| Class I | 44% | 56% | 47% | 53% |
| Class II | 47 | 53 | 47 | 53 |
| Classes I and II | 48 | 52 | 47 | 53 |
| Class III | 46 | 54 | 46 | 54 |
| Section B | ||||
| Class I | 47 | 53 | 49 | 51 |
| Class II | 48 | 52 | 47 | 53 |
| Classes I and II | 48 | 52 | 49 | 51 |
| Class III | 50+ | 50- | 51 | 49 |
| Section C | ||||
| Class I | 53 | 47 | 53 | 47 |
| Class II | 54 | 46 | 52 | 48 |
| Classes I and II | 53 | 47 | 52 | 48 |
| Class III | 55 | 45 | 56 | 44 |
| Cities | ||||
| Albany | 54 | 46 | 55 | 45 |
| Buffalo | 55+ | 45- | 56 | 44 |
| Rochester | 55 | 45 | ||
| Utica | 52 | 48 | 52 | 48 |
“In conclusion it may be stated that the Erie Canal was a great stimulus to the growth of population and the increase in valuation of property along the entire waterway of the Hudson and Erie Canal. The greatest activity, however, was felt west of the head waters of the Mohawk along the canal proper. This concentration of population tended to turn the attention of the people away from rural pursuits and resulted in their congregation in cities where they developed a commercial life. Along this line of dense population the immigrating foreign element gathered in large numbers while the New England settlers confined themselves to the rural regions. The political effect of the canal was to produce a great enthusiasm for internal improvements which was the main political issue in the state during the following years. The western part of the state and rural regions at a distance from the canal clamored for further improvements which would benefit them, and accordingly cast a majority of their votes for the candidates who stood for an extensive internal improvement system while the east opposed them. It should also be mentioned that in each section with the exception of Section A in the election of 1830 and the presidential election of 1840, the region with the largest number of foreigners cast a greater per cent of its vote for the conservative candidate than the region containing the greatest number of New Englanders. Thus it is clearly seen that political life is largely influenced by economic conditions and the character of the people.”