Our safest reliance for financial efficiency and independence has, on the contrary, been found to consist in ample resources unencumbered with debt...
Editor's note · Context
Fourth Annual Message
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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.
In compliance with the resolution of the Senate dated the 4th of February, 1840, I have the honor to transmit herewith copies of the correspondence between the Department of War and Governor Call concerning the war in Florida.
I have to invite the earliest attention of Congress to the subject contained therein
The experience of the last two months, and especially the recent decisions of the courts, with the continued suspension of specie payments by the banks over large sections of the United States, operating unfavorably upon the revenue, have greatly strengthened the views then taken of the subject.





