The Sun.
London, England, 1839-09-27 00:00:00

MONEY MARKET and CITY NEWS.

(THURSDAY EVENING.)
POST.—The Bank Directors held their weekly
Court today, and the meeting was one of more than
ordinary interest. The most prominent subject before
them was an application, on the part of the agent of
the United States Bank, Mr. Jaudon, for tempor,,ry ac-
commodation in behalf of the Bank of the United States,
the amount required being about 300,000/. The cause
assigned for this application is, that the banking-house
of Hope and Co., of Amsterdam, have not thought
proper to confirm the arrangement lately entered into
between them and Mr. Jaudon. There is said to be
"me feeling of jealousy respecting the future agencies
of the Bank, but we rather think Messrs. Hopeand Co.
have been deterred from proceeding in the matter by the
knowledge of what has taken place at Havre and Paris,
and the precautionary measures which have been adopted
by the banking interests of Amsterdam. The affairs of the
Bank of the United States in Europe are by no means in
ii less favourable position at present than they have
been, but the contrary. To meet the bills drawn on
Messrs. Hottinguer and Co. specie to the amount of
1,800,000 t., or from 70,000/. to 75,0001 sterling, has
just been remitted to them ; but Messrs. Rothschild
having interfered for the honour of the United States
Bank in France, it became necessary that steps should
be taken to remedy the disappointment which has oc-
curred at Amsterdam. The Directors of the Bank of
England, after a patient and lengthened investigation of
the circumstances of Mr. Jaudon's application, declined
acceding to it in a direct form, but intimated that, if
the gentlemen of this city and Liverpool, by whom it
was backed (and the number included several houses of
the highest respectability,both asbankers and merchant s),
were disposed to take upon themselves the responsibility
of guaranteeing the reimbursement of the sum applied
for, it should be afforded for a limited period, namely,
for one 'month, so as to give time for the return
of the Liverpool steamer from New York. The
Bank Directors, although they have, we doubt not,
a good opinion of the leading American stocks, of which
th agency of the United States Bank holds a large
quantity, do not find it convenient to make advances
upon such securities, and it is well known that the re-
gulations of the establishment do not admit of their
supplying them to Mr. Jaudon in the ordinary way of
business. The money will be furnished to the respective
urn's, we understand, in the shape of Consols.
The decision of the Directors is one which is calcu-
lated to give very general satisfaction. It at once
shows the good feeling entertained by them towards the
Philadelphia institution and its agent. as well as a praise-
worthy anxiety to extend every possible aid to the com-
mercial interest which they can do consistently with
their duty to the public at large.
We refrain from gaing into all the particulars we
have heard in connection with this business. An outline
of the case is all that is necessary for the guidance of
the public, and this we believe to be essentially as we
have given it.
A number of rumours were in circulation in the
course of the day, owing to the length of time the Bank
Directors were in deliberation, and Consols declined in
50u5.......--