the approaching crisis more than by any other
cause or causes whatever the community at large has been shielded from
the incalculable evils of a general and indefinite suspension of specie
payments, and a consequent annihilation for the whole period it might
have lasted of a just and invariable standard of value, will, it is
believed, at this period scarcely be questioned.

A steady adherence on the part of the Government to the policy which has
produced such salutary results, aided by judicious State legislation
and, what is not less important, by the industry, enterprise,
perseverance, and economy of the American people, can not fail to raise
the whole country at an early period to a state of solid and enduring
prosperity, not subject to be again overthrown by the suspension of
banks or the explosion of a bloated credit system. It is for the people
and their representatives to decide whether or not the permanent welfare
of the country (which all good citizens equally desire, however widely
they may differ as to the means of its accomplishment) shall be in this
way secured, or whether the management of the pecuniary concerns of the
Government, and by consequence to a great extent those of individuals
also, shall be carried back to a condition of things which fostered
those contractions and expansions of the currency and those reckless
abuses of credit from the baleful effects of which the country has so
deeply suffered--a return that can promise in the end no better results
than to reproduce the embarrassments the Government has experienced, and
to remove from the shoulders of the present to those of fresh victims
the bitter fruits of that spirit of speculative enterprise to which our
countrymen are so liable and upon which the lessons of experience are so
unavailing. The choice is an important one, and I sincerely hope that it
may be wisely made.

A report from the Secretary of War, presenting a detailed view of the
affairs of that Department, accompanies this communication.

The desultory duties connected with the removal of the Indians, in
which the Army has been constantly engaged on the northern and western
frontiers and in Florida, have rendered it impracticable to carry into
full effect the plan recommended by the Secretary for improving its
discipline. In every instance where the regiments have been concentrated
they have made great progress, and the best results may be anticipated
from a continuance of this