James Buchanan actually said...

Without this the Treasury will be exhausted before the 1st of January and the public credit will be seriously impaired.

Message to Congress on the Conditions of the Treasury

06/11/1858

More James Buchanan Quotes

On this question I have differed in several instances from the courts of inquiry.

In compliance with these resolutions, I have carefully examined the records of the courts of inquiry in fifty-eight cases.

There is one nomination which I regret that I have not the power to present to the Senate.

They have been very extensive and searching.