To do so is to impair the independence of our Government, as the present credit system has already impaired the independence of our banks; it is to submit all its important operations, whether of peace or war, to be controlled or thwarted, at first by our own banks and then by a power abroad greater than themselves.
He warns that relying on banks could compromise the independence of the government and its operations.
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More from Martin Van Buren
I transmit a report of the Secretary of State, containing the information asked for by the resolution of the Senate of the 5th instant, relative to the negroes taken on board the schooner Amistad.
I transmit, for the action of the Senate, a communication from the Secretary of War, on the subject of the transfer of Chickasaw stock to the Choctaw tribe, which the accompanying papers explain.
To the House of Representatives of the United States:I herewith transmit to the House of Representatives a report from the Secretary of State, with accompanying papers, in answer to their resolution of the 23d instant.
I communicate the report of the Secretary of War, containing the information called for by that resolution as far as it relates to the Department under his charge.
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