A Compilation of the Messages and Papers of the Presidents. Volume 3, part 2: Martin Van Buren
History
A Compilation of the Messages and Papers of the Presidents. Volume 3, part 2: Martin Van Buren
Presidents -- United States; United States -- History -- Sources; United States -- Politics and government; Van Buren, Martin, 1782-1862
The suspension of specie payments at such a time and under such
circumstances as we have lately witnessed could not be other than a
temporary measure, and we can scarcely err in believing that the period
must soon arrive when all that are solvent will redeem their issues
in gold and silver. Dealings abroad naturally depend on resources and
prosperity at home. If the debt of our merchants has accumulated or
their credit is impaired, these are fluctuations always incident to
extensive or extravagant mercantile transactions. But the ultimate
security of such obligations does not admit of question. They are
guaranteed by the resources of a country the fruits of whose industry
afford abundant means of ample liquidation, and by the evident interest
of every merchant to sustain a credit hitherto high by promptly applying
these means for its preservation.
I deeply regret that events have occurred which require me to ask your
consideration of such serious topics. I could have wished that in making
my first communication to the assembled representatives of my country
I had nothing to dwell upon but the history of her unalloyed prosperity.
Since it is otherwise, we can only feel more deeply the responsibility
of the respective trusts that have been confided to us, and under the
pressure of difficulties unite in invoking the guidance and aid of the
Supreme Ruler of Nations and in laboring with zealous resolution to
overcome the difficulties by which we are environed.
It is under such circumstances a high gratification to know by
long experience that we act for a people to whom the truth, however
unpromising, can always be spoken with safety; for the trial of whose
patriotism no emergency is too severe, and who are sure never to
desert a public functionary honestly laboring for the public good.
It seems just that they should receive without delay any aid in their
embarrassments which your deliberations can afford. Coming directly from
the midst of them, and knowing the course of events in every section of
our country, from you may best be learnt as well the extent and nature
of these embarrassments as the most desirable measures of relief.
I am aware, however, that it is not proper to detain you at present
longer than may be demanded by the special objects for which you are
convened. To them, therefore, I have confined my communication; and
believing it will not be your own wish now to extend your deliberations
beyond them, I reserve till the usual period of your annual meeting that
general information on the state of the Union which the Constitution
requires me to give.
M. VAN BUREN.
SPECIAL MESSAGES.
WASHINGTON, _September 7, 1837_.
_To the Senate of the United States_:
Public-domain text, read in full here on John Shaqi.
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