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Richardson, James D. (James Daniel), 1843-1914

"Volume 3, part 2: Martin Van Buren"

The dissolution of the Peru-Bolivian
Confederation may occasion some temporary inconvenience to our citizens
in that quarter, but the obligations on the new Governments which have
arisen out of that Confederation to observe its treaty stipulations will
no doubt be soon understood, and it is presumed that no indisposition
will exist to fulfill those which it contracted with the United States.
The financial operations of the Government during the present year have,
I am happy to say, been very successful. The difficulties under which
the Treasury Department has labored, from known defects in the existing
laws relative to the safe-keeping of the public moneys, aggravated by
the suspension of specie payments by several of the banks holding public
deposits or indebted to public officers for notes received in payment of
public dues, have been surmounted to a very gratifying extent. The large
current expenditures have been punctually met, and the faith of the
Government in all its pecuniary concerns has been scrupulously
maintained.


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