For another large portion no vouchers whatever were rendered, but the
various sums were paid on orders of the president of the bank, making
reference to the resolution of the 11th of March, 1831.
On ascertaining these facts and perceiving that expenditures of a
similar character were still continued, the Government directors a few
weeks ago offered a resolution in the board calling for a specific
account of these expenditures, showing the objects to which they had
been applied and the persons to whom the money had been paid. This
reasonable proposition was voted down.
They also offered a resolution rescinding the resolutions of November,
1830, and March, 1831. This also was rejected.
Not content with thus refusing to recall the obnoxious power or even to
require such an account of the expenditure as would show whether the
money of the bank had in fact been applied to the objects contemplated
by these resolutions, as obnoxious as they were, the board renewed the
power already conferred, and even enjoined renewed attention to its
exercise by adopting the following in lieu of the propositions submitted
by the Government directors, viz:
_Resolved_, That the board have confidence in the wisdom and integrity
of the president and in the propriety of the resolutions of 30th
November, 1830, and 11th March, 1831, and entertain a full conviction
of the necessity of a renewed attention to the object of those
resolutions, and that the president be authorized and requested to
continue his exertions for the promotion of said object.
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