(Confidential) Washington 25 May 1830 D. Sir,

. . . Before closing this letter permit me to say one word in reference to a subject mentioned in your last letter to me — I mean the information you rec'¹. of the President's having declared that if Congress should pass a law renewing the Charter of the U.S. Bank he would put his veto on it. I told you in Phila. when you first mentioned the thing to me, that there must be some mistake, because the report was at variance with what / had heard him say upon the subject. In conversing with him a few days ago upon the subject he still entertained the opinion that a National Bank might be established that would be preferable to the present U.S. Bank;

but that, if Congress thought differently, and it was deemed necessary to have such a Bank as the present, with certain modifications he should not object to it. If the President finds that his scheme is not likely to take, I do not believe he will be opposed, altogether, to the present Bank. In haste I am