The power exerted by the States to charter banking corporations, and which, having been carried to a great excess, has filled the country with, in most of the States, an irredeemable paper medium, is an evil which in some way or other requires a corrective.
He identifies the excessive chartering of banking corporations as a major problem requiring correction.
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I must be permitted to disclaim entirely and unqualifiedly the right on the part of the Executive to make any real or supposed defects existing in any State constitution or form of government the pretext for a failure to enforce the laws…
I transmit herewith a letter from the Secretary of State, accompanied by a copy of a letter from Mr. Raymond, secretary of legation and charge d'affaires ad interim of the Republic of Texas, in answer to the Senate's resolution of the 16th…
I feel it to be my duty to communicate, for your consideration, the rejected treaty.
By adopting that measure the United States will be in the exercise of an undoubted right.
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