I transmit to the Senate, in pursuance of the resolutions passed by that body on the 3d instant, a report from the Secretary of State, accompanied by certain papers, relative to the existing relations between the United States and France.
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It is from within, among yourselves--from cupidity, from corruption, from disappointed ambition and inordinate thirst for power--that factions will be formed and liberty endangered.
The power, however, is in your hands, and the remedy must and will be applied if you determine upon it.
The paper money system of this country may be used as an engine to undermine your free institutions.
The duty of every government [is so] to regulate its currency as to protect this numerous class.
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