Your despatch of yesterday (2 P. M.) was received this morning. If it would not divert too much of your time and attention from the army under your immediate command, I would be glad to have your views as to the present state of military affairs throughout the whole country, as you say you would be glad to give them. I would rather it should be by letter than by telegraph, because of the better chance of secrecy. As to the numbers and positions of the troops not under your command in Virginia and elsewhere, even if I could do it with accuracy, which I cannot, I would rather not transmit either by telegraph or by letter, because of the chances of its reaching the enemy. I would be very glad to talk with you, but you cannot leave your camp, and I cannot well leave here.
A. LINCOLN, President TELEGRAM TO GENERAL N. P. BANKS.
WAR DEPARTMENT, June 22, 1862
MAJOR-GENERAL BANKS, Middletown:
I am very glad you are looking well to the west for a movement of the enemy in that direction. You know my anxiety on that point.
All was quiet at General McClellan's headquarters at two o'clock to-day.
A. LINCOLN.
TREATY WITH MEXICO
MESSAGE TO THE SENATE.
WASHINGTON, June 23, 1862.
TO THE SENATE OF THE UNITED STATES:
On the 7th day of December, 1861, I submitted to the Senate the project of a treaty between the United States and Mexico which had been proposed to me by Mr. Corwin, our minister to Mexico, and respectfully requested the advice of the Senate thereupon.
On the 25th day of February last a resolution was adopted by the Senate to the effect "that it is not advisable to negotiate a treaty that will require the United States to assume any portion of the principal or interest of the debt of Mexico, or that will require the concurrence of European powers."
This resolution having been duly communicated to me, notice thereof was immediately given by the Secretary of State to Mr. Corwin, and he was informed that he was to consider his instructions upon the subject referred to modified by this resolution and would govern his course accordingly. That despatch failed to reach Mr. Corwin, by reason of the disturbed condition of Mexico, until a very recent date, Mr. Corwin being without instructions, or thus practically left without instructions, to negotiate further with Mexico.
In view of the very important events Occurring there, he has thought that the interests of the United States would be promoted by the conclusion of two treaties which should provide for a loan to that republic. He has therefore signed such treaties, and they having been duly ratified by the Government of Mexico, he has transmitted them to me for my consideration. The action of the Senate is of course conclusive against an acceptance of the treaties On my part.
I have, nevertheless, thought it just to our excellent minister in Mexico and respectful to the Government of that republic to lay the treaties before the Senate, together with the correspondence which has occurred in relation to them. In performing this duty I have only to add that the importance of the subject thus submitted to the Senate, can not be over estimated, and I shall cheerfully receive and consider with the highest respect any further advice the Senate may think proper to give upon the subject.
ABRAHAM LINCOLN.
VETO OF A CURRENCY BILL
MESSAGE TO THE SENATE, JUNE 23, 1862.
TO THE SENATE OF THE UNITED STATES:
The bill which has passed the House of Representatives and the Senate, entitled "An act to repeal that part of an act of Congress which prohibits the circulation of bank-notes of a less denomination than five dollars in the District of Columbia," has received my attentive consideration, and I now return it to the Senate, in which it originated, with the following objections:
1. The bill proposes to repeal the existing legislation prohibiting the circulation of bank-notes of a less denomination than five dollars within the District of Columbia, without permitting the issuing of such bills by banks not now legally authorized to issue them. In my judgment, it will be found impracticable, in the present condition of the currency, to make such a discrimination.
The banks have generally suspended specie payments, and a legal sanction given to the circulation of the irredeemable notes of one class of them will almost certainly be so extended, in practical operation, as to include those of all classes, whether authorized or unauthorized. If this view be correct, the currency of the District, should this act become a law, will certainly and greatly deteriorate, to the serious injury of honest trade and honest labor.
2. This bill seems to contemplate no end which cannot be otherwise more certainly and beneficially attained. During the existing war it is peculiarly the duty of the National Government to secure to the people a sound circulating medium. This duty has been, under existing circumstances, satisfactorily performed, in part at least, by authorizing the issue of United States notes, receivable for all government dues except customs, and made a legal tender for all debts, public and private, except interest on public debt. The object of the bill submitted to me--namely, that of providing a small note currency during the present suspension--can be fully accomplished by authorizing the issue, as part of any new emission of United States notes made necessary by the circumstances of the country, of notes of a similar character, but of less denomination than five dollars. Such an issue would answer all the beneficial purposes of the bill, would save a considerable amount to the treasury in interest, would greatly facilitate payments to soldiers and other creditors of small sums, and would furnish; to the people a currency as safe as their own government.
Entertaining these objections to the bill, I feel myself constrained to withhold from it my approval and return it for the further consideration and action of Congress.
ABRAHAM LINCOLN
SPEECH AT JERSEY CITY, JUNE 24, 1862.
