The Madisonian. [volume] (Washington City [i.e. Washington, D.C.]) 1837-1845, 1839-07-13
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COMMUNICATIONS.
4" Lte stoekhoides@f ihe Commereial and R,,i,oad
Bank eJ TickaHrg.

returned from Virk>barg is uuduube dy known 4,
you all went there recon- nsnded the D,r.c,,,rs
Of your nix ior The Presidency lhtrtot, which !,
sa> understood, previous 10 my having. was alb ut
10 become vacant. The .lockhuid, rs VINO gued no
recommendation and those wno = We their acou,,S-
ence ~ The measure, were thr holders or repir>.u.
taiyes Of more Than ~ enty five lhuus. nd sha,,sf
the stock
Pfeynus 10 any steps whatever being aiken in III.
matter, expressed wish 10 know " wouta h.
the feelings OF those who administer the n i,xof
The Bank ofthe United States know ing that ms i'm.
u a was large creditor of The Railroad Bank and
stated 10 my ifsnd. thai no cou >id.ratiou Nh,.vr
would tempt me 10 20 and encounter their h,,> inv
as 10 such event snou d b. un Die to b. of ;,,,v
service to those interested. Was niIrtned BY th<e
who were r,queSlri 10 Ike lle Inquiries IN Al he
late presiJins ot:er OF the Bunk OF The Uuit,d
) at=s aid II the o.hcer@, who were spoken To-
promptly sand, that neither they nor the nix wound
th:ow any 'nprdi nent> IN the wy; and most taiih
fully, do believe, the ensagement has b Ell fll.
| filled.
Had the Directors to whom had been recom.
mended, been satisfied merely with rrecIug me- |
should have remained passive; re.arliu. il Is a
matter in which the stockholders alone were in.
tsrested, and therefore a subject Tor tler ctjop
c,IlI "A
doing they have endeavurrd, tlrD ugh a committee
app 'inled Tor thai purpose, a>per>r my rh.r Ger
an injufe my Reputation. | therefore am mad. n
parry, and am compelled though leuc,an,;y, TO
break silence IN self. viDdic,;iun,
f. On my arrival at Vickshurg | was met by a re.
ul.ve action Of the Board, which had TAX n "a ce
in anticil aliup, il ihe following preamble and re.
solution .....
u 4 Al tn:l l..
| B tard piiya lrttsI from ia, u lie Shareholders
! Of his Bank. Te>iiHg in PHILADELPHIA, inui miry
! him tia. Reuben NJ. Whiity, E>q. was "n Ms Wv
10 tbs III CO, re mmsDted ty large nuubi II he
sha -huldei> al this Institution 10 be pointed Pie
| sid III 81 the B.,ik-
! Therefore resolved thai The Office Of Pre>il, ntas
filled, j. 10 The entire satisfaction IF his Batd
ol Directors. Resolved, further, 1hdI he Ca>trr
| com unic 4, 10 Mr.. whitney the pull Jrl II lie
| above resolution"
| This action Of The Board, when commu icaling it
to me, The shi.r said, was intended 10 place lin
I" ma position 10 speak and aet defsitirety, on my
arrival" | Thought it premature; the Cashier
thought no. and each expressed ourselves !
leave il 10 you 10 determine. .& #.u H.
The .entlri who filled the Presidency of the
INK. referred to ia the resolution was Mr.. Mcneil,
who had eff Vicksburg The y OF and previous to
my trivial there in search Of hrn and had pror 10
r III this posture OF If ir> had Blu To return
| forthwith or end av 10 I, # ct The Obi c, which
knew Ms whp reco nmrnded me had in view, w:
aiding 10 resu>c,ae The Bank, in another way. For
lhat purpose, adfc,~ed letter To the directors,
IN losing The recommendation signed BY the sock
holders n made Il lender OF nv services in The
sub ordinate capacity .. Assistant ,shier In that
communication referred Ia The M rkei aue o the
stock al that lime, EGO per shart) 10 the vain" ii the
notes Of The Bank, al that time, in Wick burg. (40,
per cent, dscounD and 10 The .nera, discr M
waich had been cast upon the nSitui ion; ard !
stated that all these circumstances VI, coli Il
| la'ed 10 feeling OF deep anxiety and alnm,
whIch exi>ie with ofthe large stoc khvlhet~
when | lett Pnilade!pht | added, if these things
were the result OF m,>minasement Of the affairs "f
the Bank, The stockholders, knew, deemed it sh
time tha, some change should take place.
The day following the ore which that let'
wa written and delivered the death of Mr.. Mcneil
reached VckShurg. The Cashier Of The Bank ac-
knowIedsed The receipt of the tier on lh- 30h Of
May, and referring To The death OF Mr.. Nc Neil,
marked, "thiS sad event will again open he Prc>i-
dercy # he Bank" " ..e.s
On The 18th June, the aci IN Of the Baari, il rel
ton to the Recommendation Of myself for The Pie i.
dency TO * place and was as follows;
"ReSolvet, That With due respect 10 all the share
holder> Of his NIX, and 10 the reco'me, d'tion Of
gentlemen f. e an We nrnin ton, This Bnud will
resp C FULLY d C ne The appointment OF K, uh VI.
Whituey E.s a Pr ii-n, OF this lnStiinri n
"Resoltcd, That w. II B mon and G w. B Il,
he appo'n,ed a CO nnit'ee Ia convey o the sh re-
holders OF This IN. i:u i'm the rea ,ons vi nh have
induced the abivr decision"
"Resolvtd, Tnat lhe Cashier be added TO the
above committee"
Ia RI ference to the offer had made, wi lie The
Office Il President filled, Of my services act
as Assistant Cashier, the Board
Resov"d, "-rhat in their opinion. this institution
does mol REQUIRE Ia appointment ol Mr. WhnheyGS
Assistant G; shier." .am ......
| This action OF the Board Of Directors com
municared TO me on the 7h aud len V.ek>b: ~
on the Sh u I'M.
| On nv arrival in Philadelphia, learnt that a
letter had been received, signed nv w. ". Benton,
G. w p II and Tho<. E. Robins, add r>sed 10 Henry
| Toland. E,q. and others, asst .ning The rt"S"n>
which had ac'natcd the B 'ard OF the Commerctd
;nd Railroad Bank, in rel JIG ing me. That letter |
read aud obtained copy Of
| There is a portion Of the PREDATORY p r. I'd. lie
letter which exhibits such .xtraor,niy len!ct'>S
and consideration, that cannot fob ar qn"n2 u.
They say, TO speak Of Mr.. Whitney in the Inn
gu &c which candur and honest frdl kne>s dictar,
would, ui.der OF e. circumstances aud may und
these b. de med harsh, when adire>>e,tro ab NV "i
| gentlemen, cont lining, as is represented, some "t
his relative some Of hi> connexions, and many oi
| his warm personal friends"
| The gentlemen then proceed and state that II VOID
he waste OF time 10 give detail of I'm" rms IN
The Pntiie character Of M II1Haep "h"h @are r u.
dered his name obnoxious IN the mass ~ ne pc pr
h,opghop Tic Uaitrd .Statcs" Is there hot So" e.
thing par,akrg Of arrogance, when these indI'