Taken in connection with the nature of the expenditures heretofore made,
as recently disclosed, which the board not only tolerate, but approve,
this resolution puts the funds of the bank at the disposition of the
president for the purpose of employing the whole press of the country in
the service of the bank, to hire writers and newspapers, and to pay out
such sums as he pleases to what person and for what services he pleases
without the responsibility of rendering any specific account. The bank
is thus converted into a vast electioneering engine, with means to
embroil the country in deadly feuds, and, under cover of expenditures in
themselves improper, extend its corruption through all the ramifications
of society.
Some of the items for which accounts have been rendered show the
construction which has been given to the resolutions and the way in
which the power it confers has been exerted. The money has not been
expended merely in the publication and distribution of speeches, reports
of committees, or articles written for the purpose of showing the
constitutionality or usefulness of the bank, but publications have been
prepared and extensively circulated containing the grossest invectives
against the officers of the Government, and the money which belongs to
the stockholders and to the public has been freely applied in efforts to
degrade in public estimation those who were supposed to be instrumental
in resisting the wishes of this grasping and dangerous institution.
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