No law having been then
matured, and not understanding the proceedings of Congress as intended
to be final, it becomes my duty again to bring the subject to your
notice.
On that occasion three modes of performing this branch of the public
service were presented for consideration. These were, the creation of
a national bank; the revival, with modifications, of the deposit system
established by the act of the 23d of June, 1836, permitting the use
of the public moneys by the banks; and the discontinuance of the use of
such institutions for the purposes referred to, with suitable provisions
for their accomplishment through the agency of public officers.
Considering the opinions of both Houses of Congress on the first two
propositions as expressed in the negative, in which I entirely concur,
it is unnecessary for me again to recur to them. In respect to the last,
you have had an opportunity since your adjournment not only to test
still further the expediency of the measure by the continued practical
operation of such parts of it as are now in force, but also to discover
what should ever be sought for and regarded with the utmost
deference--the opinions and wishes of the people.
Pages:
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208