Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1839-11-18
ALLEGED CONSPIRACY AGAINST TIL T.
u. STATES BANK OF PENNSN LNANlA.
From The National Gazette.

From The Ndtt0ndt 6aseHc.
We learn ,ha, letters received by tie Guca, IVES
tern, wiitten by persons oil high standing aud having
daily intercourse with those who comprise the high
es money circle in Bon9on speak OF the "diabolieal
conspiracy" 10 break down the Bank oi The United
States in terms OF deep indignation The belief that
such combination his EXISTED, and It's utmost in
nueoce been exered Ion the accomplishment of thu
object think, is fully warranted by the cirenin
stances and facts thai have ,ransplred These will
endeayor briefly TO enbody
The establishment OF Mr.. Jaudon in London ms
agent OF the Bank oil The United States. opened a
new era in the transaction OF money alnirs between
Great Britain and the United States. Extensive and
profitable agencies IN both countries changed hands
besides tina, OF the Bank in London Heartburn.
ngs aud leal 'uses followed Immediately, and were
extensively iomenied. About the same time that
Mr.. Jandon took his departure for London 10 as.
sumo the duties deyolyng him under his NJ, =
pointmeni Of The partners Of an opulent,
sivc. and influential New York house went 10 Lon
don also.
The agency. as soon ms established was violently
assalltd through the columns oil some Of the most
influential papers of the BRUSH metropolis. The
agent whith ever way he turned. met with obsta-
cles rran,lestly thrown intentionally IN his way by
those whose interest might have been affected by his
operations or by such as they could iuilnence.
The first blow aimed nj the character and cfedil
of the Bank Of the United States, and calculated
bring il int dsreput of any considerable importance,
OF the New Nork house, the former agent OF The
Bank Of the United Stltes IN london who had been
snppantcd by Mr. Jaudnn, and the Bank of England.
That institution forth from its vaults and conf
ded To the New York house, ON the guaranty OF the
London house, II was at The time stated, five mil
lions of dollars IN gold for the purpose OF enabling
the banks ofihe city of New ork to resume specie
payments in advance olihe Bank OF the United States
dong the hing. We well rccollect that nj the
time of its occurrence the whole transaction was
..as
ed hostility, the part Of those concerned against
the Bank OF the United States. Nor could II be
regarded In any other light by ,hose ~ho duly consi
dered aud weighed all the circumstances existing Al
that time. The object in yi,n wasnot accomplished
the effort failed.
disappointment but augmented the hostility Of tho
parties concerned. The presses under their control
on both sides of the more active than ever
casting forth asperslons detogaory 10 the reputation
and standing of the bank.
The most direct step taken by one Of the parties
was the answer given by the London house To an
application or proposition mads for II To assume again
the agency of the bank Tins, as reported IN the pa
pets was we'll calculated 10 impair The credit oil the
bank. For what other purpose could II have been
made public Aud by whom else Ilian the house
/ itself could il have been done ! This also Jailed III
accomplishing the oh ect.
The comb nation was now extended. The cor
respondent ofhe bank IN Paris "ho Is said to be thu
correspondent of the London house) dishonored The
bills OF the bank or five millions OF irancs winch hat
/ been drawn .hem-wi,h what pfopr ely and wit
/ how hue justification the Public can readily JudR'
when the fact is sateG that the Messfs. RolhschlI,
came forward and detected these same bills Tor lh'
| honor OF the bank. which It's agent aad long
standing correspondent had thns dlseredlted. But
/ lest even this might prove Insufficient IN eiiectng tn
4 object, the combination became stil more ~1dened
An opulent Dutch banking house, nearly simultanf
ously with the dishonor of the bills IN Pans, declIn
ed the final ratification oi an arran4 emen, the term
of which II was reported had been agreed upon, 10
a loan of eight hundred thousand pounds TO the a
gent ofthe bank for lis on the hypohecation o
/ certain stocks to secure its repayment. Tins wei
nigh led to GROWING the efforts OF those whose uni
ted exertions had been so long exerted To crush Iii
Bank of the United States. II was saved; and how
That was shown in detail in our paper OF yesterday
We will. however here give what the bankers clrcu
lar saws respecting that point. That paper remarks
The United States Bank has been saved. not"iill
standing it had rendered lself obnoxious 10 som
powerful parties, and saved purely on account oil
great proportion Of stock being the properly OF Eng
shmen." And this, TOO tadds the circular, )duun
CT isis when the most elaborate censutes on u
management and character we've issued from I'll
public press" The circular continues: 1.-The sour,
Of these able crimindti0nS-lrtPdred, so 10 Spedj
1oi so much professions Skitts pretty rcu kao,t
here"
In these quotations we have the proof from Lol
don that the bank had ponccLfut pares as enemies
( that they continued censufe eaboratey its cha
ter even in n crisis and that great ability and rr
lessional skill were employed IN examinations again
it; and, finally that they would have accomplish,
their purpose but for the interference Of those wi
its largest PROJECTORS aud were the most dee
~ interested.
There can be but lltlle doubt tia, the New W