The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1840-01-23
From Tie Yep York Courier & Enquirer.
BANK OF THE UNITED STATES.

Our remarks under this head yesterday,
produced an unusual degree of excitement
among the mercantile and monied interests
of the city, and as the charge against the
House of Earrings, Brothers d Co. of Lon
don, was one which involved the honor of
that House, we are not surprised that the
public here should have been startled at
the bare suggestion Of such dishonorable
proceeding, and demanded further evidence
of its truth.
We charged, that on the 23d Of August,
(misprintod in part of our edition yester-
day October) Barings, Brothers & Co. at.
ter being informed by Mr.. Jaudon, on the
goth of August, that he would require some
half million sterling ON the Goth, and be-
ing assured by them there would be no
difficulty in raising it upon State stocks,
&C., offered as security, addressed letter
to their agent in this country, diyulging
the fact that such application had been
made, declaring their determination not TO
aid him and announcing that he must in.
evitabIy fail on the Goth.
We now reitera;e the charge and 10 eS-
hibit the disgraceful conduct of this house
towards the Bank of the United States, we
state further, that Merchant Of this city
shipped valuable cargo TO ST. Petersburg,
(Russia) with orders TO remit the proceeds
without delay to Mr.. Jaudon in London 10
meet his engagements with the Bank OF
the United States or its agency in that city.
The cargo arrived in due time, and was
disposed of agrecably TO the orders of the
shipper /; but the agent or consignee IN 81.
Petersburg has advised the house here,
that he has not RENTED the fInds'as d.
rected, because letters had been rsccired
ia 81. Petersburg from the house of BAR
INCs, BROTHERS IL Co. announcing The pro-
bable failure Of Mr.. Jaudon on the GOA Of
August And he further advises the
shipper that in consequence Of such lntor-
nation, he had RENTED the proceeds Of
the cargo in question to the house Of
Messrs. Earrings, Brothers & Co., TO be by
them passed over 10 Mr.. Jaudon, in the
event of his note having been dshonored /!
Again, two merchants of Philadelphia
shipped two different cargoes 10 Montesld-
co, (South America with Instructions to
their conslgnees TO remit the proceeds with.
out delay TO Mr.. Jaudon, IN London, TO
meet their engagements with the Bank OF
the United States, which had furnished in
par, the funds for purchasing the cargoes.
Their Agent or Consignce replies that ict.
tiers had been received IN that city from The
house of Earrings, Brothers 81 Co., announc.
ing the probable failure Of Mr.. Jaudon on
the 26th of August, and that he therefore
retains their funds il Nonttyideo until fur
Their Instructions The Consequence is,
that one Of the houses alluded to had lis
bills di-honored in London
Now we venture TO assert, that the
whole history Of the commercial world,
docs not present case Of such unparalleled
ed iniamy as this. The imagination can
not conceive of a more dishonorable pro-
cecding than thus optitiousy using a
confidential communication for the destruc-
ton Of the party making il. But it was
not against the Bank of the United States
alone that this blow was aimed, il struck
at once the credit !. 4 the interest Of eve
ry American ard dsry Foreign merchant
in our countr. trading with Foreign parts,
and using the credit Of the principal monied
institutions Of the Union and if, as we have
bot too much reason TO suspect, these dc.
grading and dlsgraccful communications
were also made to Canton and Calcutta
the consequences may yet prove most dis
astrous. That they we're so made, VIC dc
J not doubt; nor can any reasonable mar
now question who il was that instigated the
Alessrs. Hottengeur to dishonor The bills o.
the Bank Of the United States, which We
all know was the great blow 10 its credit
in Europe.
To Justly estimate, or rather to form
SOME distant conception of the injury tC
the commerce Of our country from thn
vile crusade against the l.. ;. Bank, on
J readers must bear ID mind that our annua
: lmportations from Canton and Calcutta are
between six and eight millions Of dollars
Until withiut the las; twelve years, this trade
could only be carried on by the shipment o
, specie for the purchase of cargoes; bu
during that period the credit Of the Banl
Of the United States has been so unqucs
; toned, that its bills payable six months ai
, ter their presentation IN London, were
: equal to, and have been used as substi
tute for specie. Thus the cargoes have
! in all cases arrived 10 this country, beer
disposed Of, aud the proceeds RENTED It
London long before the bills with which
they were purchased became due. But
the success OF an infamous and disgracelu
warfare against the bank, has most eiIoc.
tuaIly destroyed these credits, as also those
used along the coast Of south America and
round Cape Horn; and IN consequence, our
trade with Canton and Calcutta, must ID
future, require an immediate investment d
actual capital, and operate a. a drain Of
the precious metals from the United States
to the amount Of ak or eight millions o.
dollars annually.
We will merely add, that in pointing OH
as We did yesterday, the cooperation o.
Certain uartiCs in thlz citv with BARNES