Presidents -- United States -- Messages; United States -- Politics and government -- Sources
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 man-kind in popular governments and
to bring into contempt their authority and efficiency.
In guarding against an evil of such magnitude consideration 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 14th 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directly or indirectly, be repealed, and that the institution be left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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