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If laws acting upon private interests can
not always be avoided, they should be confined within the narrowest
limits, and left wherever possible to the legislatures of the States.
When not thus restricted they lead to combinations of powerful
associations, foster an influence necessarily selfish, and turn the
fair course of legislation to sinister ends rather than to objects
that advance public liberty and promote the general good.
The whole subject now rests with you, and I can not but express a hope
that some definite measure will be adopted at the present session.
It will not, I am sure, be deemed out of place for me here to remark
that the declaration of my views in opposition to the policy of
employing banks as depositories of the Government funds can not justly
be construed as indicative of hostility, official or personal, to those
institutions; or to repeat in this form and in connection with this
subject opinions which I have uniformly entertained and on all proper
occasions expressed.


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