This striking fact makes it the obvious duty of the Government, as early as may be consistent with the principles of sound political economy, to take such measures as will enable the holder of its notes and those of the national banks to convert them without loss into specie or its equivalent.
Johnson emphasizes the government's duty to ensure the stability of currency for the benefit of note holders.
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Feeling constrained to withhold my consent, I herewith return the resolution to the Senate, in which House it originated, with a brief statement of the reasons which have induced my action.
With these brief suggestions the bill is respectfully returned, and the consideration of Congress invited to the accompanying preamble and resolutions.
I would therefore recommend such an amendment of the Constitution as may remove all intermediate agency in the election of the President and Vice-President.
I transmit the accompanying communications from the Secretary of the Interior, together with the papers to which they have reference.
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