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It proposes
to place the General Government, in regard to the essential points of
the collection, safe-keeping, and transfer of the public money, in a
situation which shall relieve it from all dependence on the will of
irresponsible individuals or corporations; to withdraw those moneys from
the uses of private trade and confide them to agents constitutionally
selected and controlled by law; to abstain from improper interference
with the industry of the people and withhold inducements to improvident
dealings on the part of individuals; to give stability to the concerns
of the Treasury; to preserve the measures of the Government from the
unavoidable reproaches that flow from such a connection, and the banks
themselves from the injurious effects of a supposed participation in the
political conflicts of the day, from which they will otherwise find it
difficult to escape.
These are my views upon this important subject, formed after careful
reflection and with no desire but to arrive at what is most likely
to promote the public interest.


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