Any interference by them in the political
contests of the country with a view to influence elections ought, in the
opinion of the President, to be followed by an immediate discharge from
the public service.
It is the desire of the President that the control of the banks and
the currency shall, as far as possible, be entirely separated from the
political power of the country as well as wrested from an institution
which has already attempted to subject the Government to its will.
In his opinion the action of the General Government on this subject
ought not to extend beyond the grant in the Constitution, which only
authorizes Congress "to coin money and regulate the value thereof;"
all else belongs to the States and the people, and must be regulated
by public opinion and the interests of trade.
In conclusion, the President must be permitted to remark that he looks
upon the pending question as of higher consideration than the mere
transfer of a sum of money from one bank to another. Its decision may
affect the character of our Government for ages to come. Should the bank
be suffered longer to use the public moneys in the accomplishment of its
purposes, with the proofs of its faithlessness and corruption before
our eyes, the patriotic among our citizens will despair of success in
struggling against its power, and we shall be responsible for entailing
it upon our country forever.
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