Rutland herald. [volume] (Rutland, Vt.) 1823-1847, 1846-03-05

The Then next session. "wIdt iIodihCa.
lions Of the laws W. Necessary 10 sc
cure more thcrouth accounting, by
every oihccr az citizen, beng M The
receipt 81 monrv belonging IN any wise
g. the State OF vermont The duty
thus imposed. led To- ;hc disclosure Vt
the following facts, illustrative of the
tIuih of tuc I"cccdng remarks
clam was presented 10 another
bca,i, and allowed Another clam
was presented as above. aud allowed
AZ It Just sum, rs was supposed. and
the amount was paid nj tn, Treasury
THIS clam was again presented nj on
other board and allowed by tic gene
raj assembly. with an express cond-
} ton. that the allowance shall bc taken
MS final settlement of The claim, and
IN short time the suiGC claim has n
gam been presented and allowed, and
sometimes 10 still greater amount.
Another defect IN tholuw before lSd2,
was, that IN some cases II rs secured
/ no accounting from pc:sonS intruSted
with the public funds The directors
OF the old Vermont State Bauk, were
under bonds "for the faithful discharge
OF the dulles Of their office but the
law had provided ~ beard 10 inspect
The conduct of those directors. and of
course the Legislature knew nothing,
less cr more about the concerns Of that
bank, than the integrity of those dircc.
tu.S lnfu"rd them 90 disclose. The
/ Legislature had not the means of charg
! Ine those directors with all the State
! funds coming mo their hands for It
/ always was IN their power To use those
funds tO SuhScrvc their own interests
/ for 4 long time Il least before "A knowl-
edge of the fact could avail to secure
thc public rights.
Such a case occurred n Tire Middle.
bury branch, and Judgment of about
S2O,ONO was recovered against the iii.
Irctc:S, which was finally remittd 10
them bv the legislature, and lost t. the
State. Here was wide space left O.
/ zen, which might be occupied by cor
/ rupt and dishonest practices; and when
We take INTO the account, that the act
establishing that bank authorized the
/ directors 10 borrow lHoncV tu iill their
vaults. so thHt the dcrosltcs might On.
tend to- three hundred thousand dollars
IN each Of the four branches and that
discounts might bc made tothrcC times
III" amount Of nll those authorized
dcpoSl'cs, Il sum equal r. S37Oo,UOD.
and that the faith Of he government
VAS pledged for the redemption Of all
the paper thus put III circulation it is
amazing, that the Legislature should
/ have relied upon such feeble lnennS to
/ protect tho funds OF a treasury. all of
which arc supplied by direct taxation.
u his bank WAS established IN lSU6, aud
and III 1872 al agent was appointed Ia
settle rs concerns. HIS powers were
! ample 'to cuiicc' nil The AcLis nnd do
. mandN - II" was rudCC bonds faithful
4 iy to 'cNccui" aud DISCHARGE HE trust
. r",oSod in hin' by the act appointing
hIn. Bat the law made no provision
10 inventory the property lnt!uStod To-
ms infringement, or for accounting for
the funds passing into his hands. Nor
II is not known, that a settlement was
ever made with one Of those agents.
from ether data, than those furnished
~ the agent himself This is no; sad
by way OF rcproach TO those agents
thry are supposed to have Eccn homer
able men. The same may he said e
all the officers Of the bank-at least of
all who were not found TO be dclu-