Huron Reflector in Norwalk, Ohio

Addressing Franco American treaty funds and financial policy

The president discusses interim measures with France over treaty installments, the 1831 treaty’s obligations, and hopes for a speedy adjustment. He notes the public finances remain strong with redeeming of the debt, a large treasury surplus, and plans to use it for navy yards or national works while avoiding tariff changes. He argues against Bank monopoly and favors state banks, calls for reorganizing land offices, and stresses constitutional limits on executive discretion.