ion 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.

A. 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 injur