Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1841-04-17

,n bv the ehiFis IL break down the Banks of New
Iorh,-'hc real cause of al The dis,sicn of IN. E,nt
frhc United !nies.-whic nuw called upon me 10
repair the injuries is own conduct had inflicted r., :
lhcsc petsnns ! denied I'll right o. make any such call
would mot consent hat I should he made ~ suffer I
from iheir m ,n management. A. the snmc Time. lie /.
red 10 avoid all controversy. especially With the
Bunk
with these Impressions I pat tho whole mrircr into
the louA- ~ a friend. Tccora ., ronc in his citv for
intelligence and character. aud requested him ip set
lie 1t ma ans manner which hc might deem jusi aad
rrorcr.
H. has au,hor.z,I Va to make the following state.
mCut:
y hogan - iulnrminr the & mmittcc that ynu hc.
level y"ur property hal been ucdGrci hv the Blnk
To m'et IT, necessities. and lhal YOU Mould not con.
>cnl 10 any loss s-'wiug or of that transaction. had
several interviews wa The Conmit;cc--ihcy ended
hv the gentlemen composing IL -x,res.in. n wish that
the m1ti,r IN dispu:" should lie l,a;.,bly clo>cI-
To this ! answered that under all the circumstances
ynu dul not rccngg'z' ihe Cl,im 10 anything. ana lint
y'u would paw ~ merely from an unvi lIirrn~ss g..
ha'o n CuIirov,fsv With ihc Bluk. Among The So
car,ies mcntourd on the ocCa. ION were srnc Stcr-
lang Lnnds oi Texas payable in London. and rs the
COMMITTEE were strongly impressed with ihr h,licC
in which Nj Jiudni then recently frnn Ionlan con.
Cured, ilta; these hrlds Noull hv the expected sue
"">s ofthc TcNiau loan be- frrfhwirh p7id ia London.
"nd 10 equal to cash thcrc-,hrv preferred these "a
tie o'he' securities. anil they were accordingly CIV.
ca.
lin n suhscqueui interview ancr discussing yarinu,
kinds nf securities. The Committee asking whether yn,
could not furnish the whole amrInt octhe balance ir
ihr sun" TcNt1n securities This, after consrltntinF
wan Won WAS agreed %. and The arrangement was -
concluded. The priu, pal paints of II were:
Isl. Thai u was mIiuiaircd hy You that the Dlnl
had NJ claim upDa YOU
81: Thai the payment was yielded 10 by You 70
the sake of peace.
81 That these particular securities were sclcc,e,
by the Committee themselves"
Accordingly The deficiency was prnvidcd Cr in tia
way; the other parties settled Er their re,,cct,y,
shares. and thus the whole over alvance was reinnI
cd bv giving securities which my hc more ar les,
easily convertible. bni which cnnpt fail. should
think, To replace the whole ofrhc over alvanrc. A,
20 the securities; thos, OF rcxaS-Ihev are nj hi, mr
meHt worth far more ih1n the stock Of the Bunk itself
and a. happens. opporiulcly enough that I have mi
very day heard from Europe dc the snccrs> of IN
Texan loan which SECURES the payment of these bond
as Mr.. Jaulun anticipated.
Nuw tbs payment of mine was wholly rrniuiiou
l would not pay until | had asreuained aad a,scre
my rishis--"nd having done that Voluntarily Weld
cd them. The Committed sail that they wished
settled amIctllv. In!uuhiel they dil-E,r The
know that unless | chose l., snr they could meyer r.
ceivc nj'liar. ] actually phil these 10000 dollan
which / was not under Tho slightest uhIir,ti,,,,,
Ply.--w!'ich Ch1unrellor Kent declared neither Ia,
nor equity mlde u Unnecessary q, pav,--1nd ia d,cc
! lh"nSih | was giving a strung prpi how far n. Gle,
aud kindly rccullcctnns Of The Bank urrvailcd oy,
all selfish considerations. Perhaps I should have be-
Wisor-rcriainIy ! should have h-cn ri.hcr--h,J
a's'ained from 4 geu,Foa.y which has been 80 iII.r
Quilted
SHct; Is ID, history fihjs cotton o,cro,,,, to-,
sisted merely IN ihis-iliat the hank, accustomed
bay bills of eNrh NE on prival, crc.lu. rc.olycI r
Srcnicr rrccaniinn when private credit was very ~
'li"' trbEy only from ahn"wn party on real shipinen
"i produce. Thu, lasted about Twelve m,nihs an
"hcI II IS over. II being h'Ind That the bank h1d a
N"h'ed if lhese c0i'ars more il1n they realized.
consequence of the cnnd ic! al. the u NIX itsclC IA. -,
Ucs interested refunded Iho money. Yet this tran,
action Simple. s'rarg''ifnrw ird aud puhIir. is pervenc
INTO n mysterious ani ruinpus speculation.
Tu-in"rrbw l will explain Ia yol another matte
ana IA 'he mean u'ac remain with great respect M
esteem. y rI,,,,