On motion of Mr. Smilie,
Resolved, That the thanks of this House be presented to Joseph B. Varnum, in testimony of their approbation of his conduct in the discharge of the arduous and important duties assigned to him while in the Chair.
The Speaker then made his acknowledgments to the House in the following words:
Gentlemen of the House of Representatives:
I acknowledge, with grateful sensibility, the aid you have afforded me in the discharge of the duties of Speaker. Your approbation of my conduct in the important office you have been pleased to assign me, affords me very great consolation; and permit me to assure you, gentlemen, that you have my most ardent wishes for your individual prosperity and happiness.
At this moment, Mr. Garland, from the committee appointed for the purpose, reported that they had waited on the President and informed him that they proposed to adjourn, and had received for answer that he had no further communication to make.
A message was received from the Senate, and reciprocated, that they were about to adjourn; a motion was then made to adjourn, and carried.
FOOTNOTES:
[11] Thus terminated the existence of the first Bank of the United States; but there was a fatal defect in terminating it in not providing a general currency in place of its notes, by reviving the gold currency and in not creating an independent treasury for keeping the public moneys. Those who terminated the existence of the second bank avoided these errors, and thereby avoided all the evils and embarrassments which followed the termination of the first one.