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.
Source
presidency.ucsb.edu
