Page:Memoir upon the negotiations between Spain and the United States of America which led to the treaty of 1819.djvu/81

71 petitioning for its abolition on account of the scandalous frauds and robbery of the publick, committed by its directors and officers. The reasons alleged against this Bank were but too weighty, and the proofs but too evident; but as the Executive power had a decided interest in supporting it, for the sake of using its funds in their necessities, nothing was decreed against it, except to place it under the immediate inspection of the Treasury Department, and by this means at the absolute disposal of the Executive power. Thus, then, without sufficient funds to pursue their mercantile speculations, and without credit either in or out of the