Presidents -- United States -- Messages; United States -- Politics and government -- Sources
upon the Treasury, and are in strict subordination to the decision of the
Supreme Court in the case of the Bank of Augusta against Earle, and other
reported cases, and thereby avoids all conflict with State jurisdiction,
which I hold to be indispensably requisite. It leaves the banking
privileges of the States without interference, looks to the Treasury and
the Union, and while furnishing every facility to the first is careful of
the interests of the last. But above all, it is created by law, is
amendable by law, and is repealable by law, and, wedded as I am to no
theory, but looking solely to the advancement of the public good, I shall
be among the very first to urge its repeal if it be found not to subserve
the purposes and objects for which it may be created. Nor will the plan be
submitted in any overweening confidence in the sufficiency of my own
judgment, but with much greater reliance on the wisdom and patriotism of
Congress. I can not abandon this subject without urging upon you in the
most emphatic manner, whatever may be your action on the suggestions which
I have felt it to be my duty to submit, to relieve the Chief Executive
Magistrate, by any and all constitutional means, from a controlling power
over the public Treasury. If in the plan proposed, should you deem it
worthy of your consideration, that separation is not as complete as you may
desire, you will doubtless amend it in that particular. For myself, I
disclaim all desire to have any control over the public moneys other than
what is indispensably necessary to execute the laws which you may pass.
Public-domain text, read in full here on John Shaqi.
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