Vandalia Whig and Illinois intelligencer. [volume] (Vandalia, Ill.) 1832-183?, 1833-10-09

!, WIN, for many thoro b.r NJ, boae
Ilass on a, ,vorono ,bsn civ r,;,;ors ri
nuhI;c money !, ,bs, ;nsta,,;nn n,;abt he
lnassed over az n barnless r;sren en3at;on
but when il Is attemnted bv substantial acts
to ,mna, the credit of tho Gnver,r,ent and
Itarnisb the honor of the country such char.
oes require more serio,s anention With
Six millions of nubl;c money IN tic vaults
after having had the use Of from five to /
twelve millions for nine wears without in
lterest II bacame ,ba rurcbos.s of 1, b;l,
drawn mon our government m France
for about eoGo Ooo be;nn Tho Sr,, install
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= T. fs."I 80 80 ~, w. ~ om p'o
which due seats = anr; Y ',sa,c ~, ,ha , NV
nensa Of tho nniJ;o nnr,h, nr c,r,har t.,S,
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ttion of business vol tho most imnortan, bu-
lsiness. even that of GRANTING discounts 10
Ianv extent. is entrusted 10 = comm;t,cc Of
live members who do NOT renor, IN the BOARD
To cut off all means of communication
with the Government in relation 10 its most
Important acts at the commencement of the
present year.not one oftbe government direc-
| Tors was placed on anv one committee. And
al,ho', since. by an unu ,uaI remodellinr Of
. those bodies, some of those directors have
been placed on some of the committees. lbev
are vet entirely excluded from the Commit
tee ON EXCHANGE. throuoh which the great
est and most Objectionable loans have been
made. ... III
When the Government Directors made an
effort to bring back the business of the Banl,
to the r ard in obedience 10 the charter and
the existing REGULATIONS. the Board not only
ovcrruled their attemnt but altered the rulc
50 as 10 max 70 if confirm to the nractice in
direct violation IF one of the most imnort-
ant provisions of the charter which gave
,bom ev;stepca
II has Iona been known that the President
oftha Ra,j, ii, b,s s;noIe will originates and
exrcn,es many of the most ;n,nortant mea-
sures connected with the manapement and
credit Of the Rank and that the Committee
&C well ne The Roard Of Directors are left in
entire Ignorance Of rnanv ac,s done. and cor
RESEMBLANCE carried on in their names and
annaren,lv under their authority The far,
bar reren,l,, hoo, disclosed hat an nnl;m.
tied discretion has heen and is now. vested
IN the President of the Bank. to exnend lis
finds in navment for nrena r;no and circulat
inc articles and ourchusinu pamphlets and
newsnane,s. calculated bv their contents to
onerate or elections and secure renewal of
its charter. It appears from the official re-
port of the Public Directors, that on the 3Oth
November, 1880, the President submitted to
the board an article published in the Ameri-
can Quarterly Review, containing favorable
notices of the Bank, and suggested the ex-
pediency of giving it a wider circulation at
the expense of the Bank: whereupon' the