The known necessity which so many of the States will be under to impose taxes for the payment of the interest on their debts furnishes an additional and very cogent reason why the Federal Government should refrain from creating a national debt...
Fourth Annual Message
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I communicate to the Senate sundry papers, in further answer to its resolution of the 30th of December, 1839, which have been received from the governor of Florida since the adjournment of the last session of Congress.
I communicate to the House of Representatives a report from the Secretary of State, with documents, containing the information requested by their resolution of the 26th of May last.
They may be redeemed out of the accruing revenue if the expenditures do not exceed the amount within which they may, it is thought, be kept without prejudice to the public interest.
I herewith submit a report from the Secretary of the Treasury, in relation to certain lands falling within the Chickasaw cession which have been sold at Chocchuma and Columbus, in Mississippi, and invite the attention of Congress to the subject of further legislation in relation to them.
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