John Van Buren said "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." @ PoliticalQuotes.com

On the recordFebruary 16, 1840

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.

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John Van Buren

Democratic · New York

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presidency.ucsb.edu

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More from John Van Buren

Mar 8, 1840

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.

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Mar 8, 1840

By a royal order issued on the 29th of April, 1832, by the King of Spain, in consequence of a representation made to his Government by the minister of the United States against the discriminating tonnage duty then levied in the ports of Spain upon American vessels, said duty was reduced to 1 real de vellon, equal to 5 cents, per ton, without reference to the place from whence the vessel came, being the same rate as paid by those of all other nations, including Spain.

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Mar 8, 1840

I transmit to Congress, for their consideration, copies and translations of a correspondence between the Secretary of State and the Spanish legation, growing out of an application on the part of Spain for a reduction of tonnage duty on her vessels in certain cases.

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Mar 27, 1840

I communicate to the House of Representatives, in compliance with their resolution of the 9th instant, reports from the Secretaries of State and War, with documents, which contain information on the subject of that resolution.

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