Presidents -- United States -- Messages; United States -- Politics and government -- Sources
The regulation of foreign coins in correspondency with the principles of
our national coinage, as being essential to their due operation and to
order in our money concerns, will, I doubt not, be resumed and completed.
It is represented that some provisions in the law which establishes the
post office operate, in experiment, against the transmission of news papers
to distant parts of the country. Should this, upon due inquiry, be found to
be the fact, a full conviction of the importance of facilitating the
circulation of political intelligence and information will, I doubt not,
lead to the application of a remedy.
The adoption of a constitution for the State of Kentucky has been notified
to me. The Legislature will share with me in the satisfaction which arises
from an event interesting to the happiness of the part of the nation to
which it relates and conducive to the general order.
It is proper likewise to inform you that since my last communication on the
subject, and in further execution of the acts severally making provision
for the public debt and for the reduction thereof, three new loans have
been effected, each for 3,000,000 florins--one at Antwerp, at the annual
interest of 4.5%, with an allowance of 4% in lieu of all charges, in the
other 2 at Amsterdam, at the annual interest of 4%, with an allowance of
5.5% in one case and of 5% in the other in lieu of all charges. The rates
of these loans and the circumstances under which they have been made are
confirmations of the high state of our credit abroad.
Among the objects to which these funds have been directed to be applied,
the payment of the debts due to certain foreign officers, according to the
provision made during the last session, has been embraced.
Gentlemen of the House of Representatives:
I entertain a strong hope that the state of the national finances is now
sufficiently matured to enable you to enter upon a systematic and effectual
arrangement for the regular redemption and discharge of the public debt,
according to the right which has been reserved to the Government. No
measure can be more desirable, whether viewed with an eye to its intrinsic
importance or to the general sentiment and wish of the nation.
Provision is likewise requisite for the reimbursement of the loan which has
been made of the Bank of the United States, pursuant to the eleventh
section of the act by which it is incorporated. In fulfilling the public
stipulations in this particular it is expected a valuable saving will be
made.
Appropriations for the current service of the ensuing year and for such
extraordinaries as may require provision will demand, and I doubt not will
engage, your early attention.
Gentlemen of the Senate and of the House of Representatives:
I content myself with recalling your attention generally to such objects,
not particularized in my present, as have been suggested in my former
communications to you.
Public-domain text, read in full here on John Shaqi.
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