f the said article, either
in whole or in part, as he may deem most for the interest of the bank.

By an entry in the minutes of the bank dated March 11, 1831, it appears
that the president had not only caused a large edition of that article
to be issued, but had also, before the resolution of 30th November was
adopted, procured to be printed and widely circulated numerous copies of
the reports of General Smith and Mr. McDuffie in favor of the bank; and
on that day he suggested the expediency of extending his power to the
printing of other articles which might subserve the purposes of the
institution, whereupon the following resolution was adopted, viz--

_Resolved_, That the president is hereby authorized to cause to be
prepared and circulated such documents and papers as may communicate
to the people information in regard to the nature and operations of
the bank.

The expenditures purporting to have been made under authority of these
resolutions during the years 1831 and 1832 were about $80,000. For a
portion of these expenditures vouchers were rendered, from which it
appears that they were incurred in the purchase of some hundred thousand
copies of newspapers, reports and speeches made in Congress, reviews
of the veto message and reviews of speeches against the bank, etc.
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 directo