Part 76

The effects which these proceedings have already produced in diminishing the amount of the revenue, and which are likely to increase hereafter, deserve your early consideration.

I have therefore deemed it necessary to bring the matter to your notice, with a view to such legislative action as the exigencies of the case may in your judgment require. It is not believed that any law which can now be passed upon the subject can affect the revenue favorably for several months to come, and could not, therefore, be safely regarded as a substitute for the early provision of certain and adequate means to enable the Treasury to guard the public credit and meet promptly and faithfully any deficiencies that may occur in the revenue, from whatever cause they may arise.

The reasons in favor of the propriety of adopting at an early period proper measures for that purpose were explained by the Secretary of the Treasury in his annual report and recommended to your attention by myself. The experience of the last two months, and especially the recent decisions of the courts, with the continued suspension of specie payments by the banks over large sections of the United States, operating unfavorably upon the revenue, have greatly strengthened the views then taken of the subject.

M. VAN BUREN.

WASHINGTON CITY, February 14, 1840.

To the House of Representatives of the United States:

I lay before you a communication from the Secretary of War, accompanied by a report of the Commissioner of Pensions, showing the great importance of early action on the bill from the Senate providing for the continuance of the office of Commissioner of Pensions. The present law will expire by its own limitation on the 4th day of the next month, and, sensible of the suffering which would be experienced by the pensioners from its suspension, I have deemed it my duty to bring the subject to your notice and invite your early attention to it.

M. VAN BUREN.

FEBRUARY 17, 1840.

To the Senate and House of Representatives of the United States:

I submit to Congress a communication from the Secretary of the Treasury, repeating suggestions contained in his annual report in regard to the necessity of an early provision by law for the protection of the Treasury against the fluctuations and contingencies to which its receipts are exposed, with additional facts and reasons in favor of the propriety of the legislation then desired.

The application assumes that although the means of the Treasury for the whole year may be equal to the expenditures of the year, the Department may, notwithstanding, be rendered unable to meet the claims upon it at the times when they fall due.

This apprehension arises partly from the circumstance that the largest proportion of the charges upon the Treasury, including the payment of pensions and the redemption of Treasury notes, fall due in the early part of this year, viz, in the months of March and May, while the resources on which it might otherwise rely to discharge them can not be made available until the last half of the year, and partly from the fact that a portion of the means of the Treasury consists of debts due from banks, for some of which delay has already been asked, and which may not be punctually paid.

Considering the injurious consequences to the character, credit, and business of the country which would result from a failure by the Government for ever so short a period to meet its engagements; that the happening of such a contingency can only be effectually guarded against by the exercise of legislative authority; that the period when such disability must arise, if at all, and which at the commencement of the session was comparatively remote, has now approached so near as a few days; and that the provision asked for is only intended to enable the Executive to fulfill existing obligations, and chiefly by anticipating funds not yet due, without making any additions to the public burdens, I have deemed the subject of sufficient urgency and importance again to ask for it your early attention.

M. VAN BUREN.

WASHINGTON, February 21, 1840.

To the House of Representatives of the United States:

In compliance with a resolution of the House of Representatives of the 7th instant, I communicate a report from the Secretary of State, containing all the information in possession of the Executive respecting the matters referred to in that resolution.

M. VAN BUREN.

WASHINGTON, February 27, 1840.

To the Senate of the United States:

I transmit to the Senate, for their consideration with a view to its ratification, a convention for the adjustment of claims of citizens of the United States upon the Government of the Mexican Republic, concluded and signed in the city of Washington on the 11th of April last. I also communicate, as explanatory of the motives to the adoption of a new convention and illustrative of the course of the negotiation, the correspondence between the Secretary of State and Mr. Martinez, the late minister of Mexico accredited to this Government, and also such parts of the correspondence between the former and Mr. Ellis as relate to the same subject. By the letters of Mr. Ellis it will be seen that the convention now transmitted to the Senate has been already ratified by the Government of Mexico. As some of the papers are originals, it is requested that they may be returned to the Department of State when the convention shall have been disposed of by the Senate.

M. VAN BUREN.

WASHINGTON, March 4, 1840.

To the Senate:

I communicate a report from the Secretary of State, with documents accompanying it, in compliance with the resolution of the Senate of the 17th of February last.

M. VAN BUREN.

WASHINGTON, March 9, 1840.