James Buchanan: “In all its various bearings, therefore, I commend the question to Congress as the only human tribunal under Providence…”

There is but one mode left of settling the dispute, and that is by submitting it to the arbitration of some friendly and impartial power.

I submit, therefore, the expediency of the passage of a resolution authorizing the exchange of ratifications at such time as may be convenient, the limitations of the ninth article to the contrary notwithstanding.

Before accepting this proposition I have thought it right to take the advice of the Senate.

I have to state that all the information within my possession or power on these subjects was communicated to the House by the Secretary of the Treasury on the 21st instant, and was prepared under the resolution above referred to and a…