The Arkansas banner., 1845-01-08

another, unsustained by unouestionablo ice. tlmony, to the effect, that any man conld nave had the conscience to render. and a,,. board ot Directors to allow an account iII5a thls, when at the very time. when he sa,,s these $740 were due him. at this idle nt;co emphasized Atem, the gentleman had in his pocket, of the Bank money, not S740 which he clalmed to be due him, but SI.l31 and 84 cents. '-0- ''''''
 II SIT, the ten dollars per day, in addition to travelling expenses had not been an exor- oitant charge which it appears majority Of the same Board had on previous occasion, considered It 10 be, and the Arkansas money had undergone no depreciation, from the time Mir. Bertrand collected it, until he set tied with the Bank, on the 28th March. 1843. ne would on that day, have owed the Bank (allowlng him all he claimed) $391 84 with interest on It from the time he should have settled, until he did settle: But taling the gehtlemans own statement to be true, and assuming that within this time Arkansas mo- ney deterlorated 50 per cent, and it is as clear as the noon-day sun, that when he sci tied with the Bank, he should have paid over
 
 S21 84. f'''''
 Then, sir, after allowing the gentleman q most extravagant compensation for his inval- nable services rendered Tn securing this P5,O00 debt, which so far from profting the Bank and attaining their object, made douBi- jul debt, hopelessly bad one, and involved the Bank i'll expenditures, amounting 10 q sum equal to S6,336, by transaction. to be designated by what epithet you may choose, the Bank lost S565 92
 But says the gentleman, if there was any thing improper or eensurable, it is the Di- rectors who are to blame, and not him. He had right to all the money he could get That Is, sir, if and half dozen others are employed by you to act as your agents, and guardians, to watch over and project your interest, and 10 transact your business, and an opportunity is afforded me to steal. to fllch, or to use more polite term, to appro- priate thousand or two of your money, and avail myself of --it, am perfectly guiltless, free from all blame and censure, provided that, can prevail upon my associ- ates, by any means, to connive at 1t. Then all the odium and the infamy, when am de- .tected and exposed, rests upon their shoul- ders. l partake not of it.
 The gentlemen next complains that the committee after stating that 1Ir. Hemp stead changed his opinion in relation to the power of the Board to exercise any Directo- ral power, after the act of liquidation was in force, also state that he, Bertrand changed his with regard to the merits of a claim pre- sented by Mr Hampstead, more than twice, for pay for extra services, rendered the Bank In the Supreme Court, and ''leayes the House to infer there was a collision between them'' , The gentleman states truly, that the Commit tee feaues the House to infer every thing As stated before, sir, we confined ourselves rigldly to a simple statement of the facts, stu diously abstaining from all insinuations, and suggestingno inferences or deductions, which appeared naturally to grow out of them, per lectly aware, sir, that this House was as com petent to draw just and correct conclusions, as the Committee. The gentleman assigns as reason for changing his opinion in rela- ton to Mir. Hempstead's claim, that con- tract was shoAn to have existed between Mr. Hampstead al,aa the General Board, to the eff feet that he should receive extra compensa- ton for services rendered the Bank in the Supreme Court No evidence of any such contract IS on record, nor sir, was any such contract ever entered into
 Here is the order of the General Board when the subject was before them, in the language of the minutes of their sitting. Af- ter passing an order that MT. IIempstead be Nait for ,lipr to the Branches, they further ''reSolUe, that inas- much as Messrs. Hempstead and Johnson are the regularly appointed attorneys for the principal Bank, this Board decline further ac- ton in that case, but refer said attorneys to the Directors of that institution, for settle ment." This is nearer a contract than any thing else on record in the Bank Then, sir, the claim of Mr. II. occupied thesame ground when Mr. Bertrand voted for its allowance on the 18th March, 1843, thatit did, when he voted against it on previous occasion. The same question, involving the same principles, without any change of circumstances, eX- cept, that majority of the Board seemed to have claims for adjustment on the last day, was to be decided on both occasions The gentleman must hunt out some other apolo- gy for this sudden revolution in his notions of law at least, ifnot of equity. On the 18th March, 1913, have no doubt irresistible arguments were presented to his mind, which unfortunately for him, escaped his memory to-day
 The gentleman endeavored to controvert the position taken by the Committee, that if the action of the Board had been judicious and just, after the liquidation was in foree, the same was illegal and without authority, as their functions as directors, when that be- come the law of the land had ceased, and all the power they had under that law was that specified in the same, which authorised them to turn over the assets of the Bank to the Receivers, and nothing more. l would thank any gentleman to point out any sec ton or clause in the act, which contemplates or alIudes to any other duty or service to be performed by these Directors after it took effect
 The first section in the actssdeelares what