Morning herald. [volume] (New York [N.Y.]) 1837-1840, 1840-08-26

newspaper allegations unsupported by profit still
deem unnecessary to interpose any thing more
than peremptory denial of them, adding only, that
y. with the transcript of the accounts Of Prime,
Ward * King, and the Bank ri the United States,
you had also detained copies If the correspondence
relating thereto, you would have found in that the
cearest proof Mat He facts and surmises upon
trhteh you seem 10 rely, oere alike unfounded.
Passing over, without comment, several other
points not less obj tonable than those which are
mentioned, there cannot be doubt that under these
circumstances my demand upon you was a just and
proper one-and that you were bound in common
fairness to produce the document Internationally
and to make at once and without the intervention Of
any third party all needfu and proper PLANTATION
You ght afte rwards have offered repeat il before
the gentlemen at the Bank Of the Sta'e Of New
York; but reference to them for any other purpose
than this, and your refusal to give a copy Of the
document, except for publication, could be consider
ed by me IN no other light than as aggravation of
your conduct.
From causes fortunately not within your control,
all that passed at the Bank Of the State OF New York
upon the occasion referred to- failed of its intended
object; for received the immediate, spontaneous,
and reiterated disclamer-of all whom ascertained
to have been present-that any furious effect was
produced upon the credit or character o. myself, or
Of my house.
Upon that declaration rest for it seals your con-
dem.ation by the parties tn whom you appealed !,
and renders any aiOnement from you, Of no import
ance to me.
now close this correspondence, with an explicit
ration of the truth Of the statement in axe New
JAMES G. KING
New YoRx, August s, 1910.
Sir-Yoar letter under date Of the Sd inst. is
ceved. The conversation alluded to, was acct
dcntal-neither time, place, nor company was par
tcularly selected for the purposes il occurred about
fco ioseks before the date of your first note, not
when you was confined at home sick.
l never had, or saw, or desired to have or see,
Prime, Ward & Kings account with the Bank of
the United States; nor did ever exhibit any
! q be p,
that bank but did exhibit memo randum, stating
| that Prime Ward g. King, r. w. Ward, and Barring
Brothers & Co. had been furnished with very
large sums of money by the Bank Of the United
States. IL was done 10 remove what believe TO be-
erroneous impression on the mind OF portion of
the community that the borrowing had been all on
one side cven-handed justice required this.
Nor did admit, nor do admit, that explanations
are needful. You ask an explanation. My oIer
was to go with you to the parties who heard the
conversation complained Of If. on ,nve't,ga'lon'
| This you declined, and demanded IN the most Pc
| rcmptory manner what belonged to me. This was
Of course declined.
IL a Misunderstanding arises betw cen us, Justice
requires the explanation Of any is proper should
be in the presence of the parties who Witnessed the
pretended offence. 1t requires very acute intel
lec to discover better mode promote the ends
| OF truth ard Justice.
am gra'ifed TO notice your repeated and strong
assertion that no injury had bee done TO your
dit, that Of your hOusc-thcre was no intention
on my part to ujure the credit of either am sur
prised that you should, for a moment, have enter
tanned the idea Of your credit being injured
Had desire to injure the credit Of mercantile
gentlemen, (Which trust never shall,) i should
not attempt IL by stating that great bank ing insti
| tuition loaned TO ions, for 4 and months on
the personal security of two pectable mercantile
houses Of property, and one agent of small
These facts would show the greats 81 confidence in
| The parties so fortunate TO obtain such very
| large their personal security. Some over
| cautious persons may deem II imprudent for bank
to lend so large a such security tut il cannot
| possibly injure the credit of the borrowers. TO
have such credit, and TO be able Ia ii so ben fl
cally, great advantage, particularly TO brokers,
who could at any moment add Ia their large
means TO 3 millions, and thus insure them prefc-
renee in all large operations. Had reported that
the bank refused 10 loan your security, you Guild
have had reason to complain; this did not do; all
did or said was in favour Of your credit Why you
should com lain is mystery.
d,rare Off practice of some gentlemen of erhi-
biting letters (diuuiging con fdenfiaf eommunica-
fions) in their counting oons, in banks at the
corners Of the streets, 10 editors, sending copies
| 10 The Treasury department., and Of The language
used ,chen he letters exhibited; also Of their
secret (yef NOT less o6jectiondbfe) exhibition ofIong
statements, tcih the risr Of making IL appear that
all the borrowing is one sde--Ihare been greatly
at loss 10 kno,c ohy much feeling is mani Tested
on this occasion. The golden rule is, TO do You
would be done by another rule (less TO be admired)
is, to do as you have been done by.
| l regret troubling you with so long letter; IL
seemed ncccssary, IN order TO remove the very
strange imprc sson on yeur mind, that IL was int end
ed to iniure your credit.
Ipass over many (no doubt uninteptionaD erro-
Moons assertions and differences in your letter, of
| no importance
remain, with due respect,
! Your obd't serv't.
-xurxs