concluded that the First State Bank had "embezzled" $250,000 of federal deposits, issued more paper than it could redeem, had debt exceeding the limited allowed under its charter, established more branches than its capital and specie could support, paid shareholders large dividends, and took steps to dissolve without paying debts owed. For several years after the First State Bank's failure, Indiana citizens depended on the Bank of the United States, with a branch in Louisville, and the Farmers and Mechanics Bank of Madison for financial services. Farmers and Mechanics Banks fared better than the First State Bank of Indiana, but its charter expired on January 1, 1835, and its paper passed at depreciated rates for several years. Jennings was criticized for not monitoring the state's banks more carefully and investigating bank officials for potential wrongdoing. Most of Jennings second term was spent grappling with the state's continuing financial difficulties. When tax revenues and land sales remained low, the state's revenue was not sufficient to repay the bonds it used to finance internal improvements. The Indiana General Assembly was forced to significantly depreciate the value of its bonds, harming the state's credit and making it difficult to secure new loans. During his tenure as governor, Jennings nominated three candidates to the Indiana Supreme Court: John Johnson, James Scott, and Jesse Lynch Holman. All three were quickly confirmed by the state legislature. Treaty of St. Mary's In late 1818, Jennings was appointed as a federal commissioner, along with Lewis Cass and Benjamin Parke, to negotiate a treaty with the Native Americans (Potawatomi, Wea, Miami, and Delaware), who lived in the northern and central parts of Indiana. The Treaty of St. Mary's allowed the State of Indiana to purchase millions of acres of land north of an 1809 treaty line and extending west to the Wabash River and two more parcels of land, which opened most of central Indiana to American settlement. The appointment created a crisis in Jennings's political career. Because the state constitution prohibited a person from holding a federal government position while exercising duties as the state's governor, Jennings's political enemies seized the opportunity to force him from office by arguing that he had vacated the governor's office when he accepted the federal appointment. Lieutenant Governor Christopher Harrison claimed that Jennings had "abandoned" his elected office and took over as the state's acting governor in Jennings's absence. In the meantime