A Compilation of the Messages and Papers of the Presidents. Volume 3, part 1: Andrew Jackson (Second Term)
History
A Compilation of the Messages and Papers of the Presidents. Volume 3, part 1: Andrew Jackson (Second Term)
Jackson, Andrew, 1767-1845; Presidents -- United States; United States -- History -- Sources; United States -- Politics and government
The high-handed career of this institution imposes upon the
constitutional functionaries of this Government duties of the gravest
and most imperative character--duties which they can not avoid and from
which I trust there will be no inclination on the part of any of them
to shrink. My own sense of them is most clear, as is also my readiness
to discharge those which may rightfully fall on me. To continue any
business relations with the Bank of the United States that may be
avoided without a violation of the national faith after that institution
has set at open defiance the conceded right of the Government to examine
its affairs, after it has done all in its power to deride the public
authority in other respects and to bring it into disrepute at home and
abroad, after it has attempted to defeat the clearly expressed will of
the people by turning against them the immense power intrusted to its
hands and by involving a country otherwise peaceful, flourishing, and
happy, in dissension, embarrassment, and distress, would make the nation
itself a party to the degradation so sedulously prepared for its public
agents and do much to destroy the confidence of mankind in popular
governments and to bring into contempt their authority and efficiency.
In guarding against an evil of such magnitude considerations of
temporary convenience should be thrown out of the question, and we
should be influenced by such motives only as look to the honor and
preservation of the republican system. Deeply and solemnly impressed
with the justice of these views, I feel it to be my duty to recommend to
you that a law be passed authorizing the sale of the public stock: that
the provision of the charter requiring the receipt of notes of the bank
in payment of public dues shall, in accordance with the power reserved
to Congress in the fourteenth section of the charter, be suspended until
the bank pays to the Treasury the dividends withheld, and that all laws
connecting the Government or its officers with the bank, directly or
indirectly, be repealed, and that the institution be left hereafter
to its own resources and means.
Public-domain text, read in full here on John Shaqi.
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