The next step is a stoppage of specie payment--a total degradation of paper as a currency--unusual depression of prices, the ruin of debtors, and the accumulation of property in the hands of creditors and cautious capitalists.
Jackson warns of the dangers of paper currency leading to economic ruin for debtors.
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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.
I herewith transmit to the House of Representatives a letter addressed to me on the 30th ultimo by the governor of the State of New Hampshire, communicating several resolutions of the legislature of that Commonwealth and claiming the…
To the Senate of the United States: I transmit communications from the War Department relating to the treaty with the Sacs and Foxes recently submitted to the Senate.
For the several reasons above assigned, the President disapproves the opinion of the court, and remits to it the proceedings in question.
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