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[62] 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.