Political Quotes

In addition to information already communicated in compliance with the resolutions of the Senate of the 17th January last, I think it proper to transmit to the Senate copies of two letters, with inclosures, since received from the governor of Maine, and of a correspondence relative thereto between the Secretary of State and the British minister.

The application of the Spanish Government is for the extension of the provisions of the act to vessels coming from other places, and I submit for the consideration of Congress whether the principle of reciprocity would not justify it in regard to all vessels owned in the Peninsula and its dependencies of the Balearic and Canary islands.

Considering the injurious consequences to the character, credit, and business of the country which would result from a failure by the Government for ever so short a period to meet its engagements; that the happening of such a contingency can only be effectually guarded against by the exercise of legislative authority; that the period when such disability must arise, if at all, and which at the commencement of the session was comparatively remote, has now approached so near as a few days; and that the provision asked for is only intended to enable the Executive to fulfill existing obligations, and chiefly by anticipating funds not yet due, without making any additions to the public burdens, I have deemed the subject of sufficient urgency and importance again to ask for it your early attention.

This apprehension arises partly from the circumstance that the largest proportion of the charges upon the Treasury, including the payment of pensions and the redemption of Treasury notes, fall due in the early part of this year, viz, in the months of March and May, while the resources on which it might otherwise rely to discharge them can not be made available until the last half of the year, and partly from the fact that a portion of the means of the Treasury consists of debts due from banks, for some of which delay has already been asked, and which may not be punctually paid.