Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1841-05-04
From ne National Gazette.
FIFTH LETTER
rROf NICHOLAS BfDDLE, ESa 10 IiiE
non JOHN W. CLAYTON.

FIFTH LETTER '
'ROf NICHOLAS BFDDLE. ESg TO THE :,
non JOHN W. CLAYTON.
AxpALUsr.. Bgcys CoUNrY,l
Aunl 10. ISL.
F0r John W Clayton. DgSer, DiaUare'
Nj, Dear Sir:-I shall devote GA hour this morn
~ 10 a short notice of the a,inck OF the committee
,r Samuel Jaudon. Ihc agent ol The bank IN i'ohu'n
I defend Jaudon. | am his friend. and | deem IL
ny duty 10 stand up for an absent freud, when "S
s assaulted. | have long Known hun and eS'ee'n'u
| know few men who unite 50 many nm
qualities. lie has won the co5idcncc oi men ol a"
descriptions m E.uro,c and nc as used that rspu-
taion Tor the common benefit of his couuityme"-
u,w many OF them can bear wines, TO Tue h-I-
aud hiniaCss and ur.1uIy with which he 51s as
sisted them DOW many owe 10 him thc success Of
tgel. ueEIcI1tInns, while all these talents he has
devoted and - NJ THIS moment devotins To the SER
wee Of thr Bank. Il was but The other day that |
had q letter iun him, expressing his anxiety To re-.
turn home. bat he could MT leave England before
ue 18Th Of April. because he had some important
aegOcia,1n Ter the Bank, AMI hoping that as the
publication by the Bank in January had produ-
ced 81 much mischief, the IN Of inVesiiga.
ton would not make things " rise by "any unne-
cessary anI irritating report" lie lille thought
what was preparing for him. To see such a man
denounced aud viiliicd by those protesting to re-
t'ANNtit vas INSTITUTION winch ne udl served anu
sivcd-to SEQ such a man stabbed behind his back.
at the moment when he was lahoring to protect the
bank, and when all his talents and character were
needed IA its service, is an act not merely uT inius
ice To hIm, bat OF insanity rs respects the Bank H..
self Doubtless he will hereafter defend himself
but IN the meantime he shall net want my all, iu.
competent though 1t be.
OF his account with the bank I know nothing.
and never did know am thing. and il is quite pro-
nlhIa that Tho gfafannaR al a mall, H.. IL ..l...
tee may be just as inaccurate rs that they have
made Of mine But taking It all for granted and
believing every word that the cImmiiIee have sta
ted about It, what after all does i amount IO1 Let
us examine.
l. When Mr.. Jaudon was sent to London, "ihc
bank paid the loss on tho sale OF his furniture
IS 0SI."
And why nol The bank wished his services in
England; he could not carry his furniture with him.
and as he had 10 sell il, was II not natural that he
ought moi To- bear The loss. Besides; when he went
away, nobody could tell whether h, would make
any thing, for las Whole compensation was conIin-
gent on the business be was 10 do ia London, which,
II It were small would not ray his expenses. Al
any rate, II was no CNiuriion Of his. The Bank
paId the loss say the committee, aud if The Bank
thought proPcriO pay ~, was That hIs ilUll
,. The bank paid the passage Of himself aud
family o. London further sum of Sl0l5."
Wen, Is MOI that n very common thing. if you
send an agent abroad II pay his passage there
Besides IL was part Of the i]nduccment offered 10
him 10 90.
3. s. Ihe "cv?rnscs Of The agency were allowed
him, inciud,nE a salary Of lO00I to hs brother, Mr..
Charles b.. Jaudon, as his principal clerk"
Well, what Of al thail What is there extrnor.
binary in allowing office rent 10 an agent. and then
Is II not piiiablc to see the name uf this brother
thus invidionsly inlrnduced. Mr.. JauIon was GO.
Ins alone into a world Of s'rdng RS, it was extreme
" desirable To make him independent OF those
around him-to have some one, who. during his
absence would attend 10 his engagements on nc
count OF The Bank and in case OF his death, take
charge OF all The property of the agency: all these
advantages happened 10 be united in his own bro
Ihcr, which was deemed u fortunate coincidence.
and the salary of q thousand pounds Tor "A person 20
qualified auI 81 situated, far from being extrava.
can't. was much below what similar services are
paid tor ia London. But whether IL was or was not.
.hc 81 rcciOrs made the allowance. and Of course Mr..
II"dpn Is not % be rcprI1ched with il.
i. FOi his services the committed say "he was to
receive The commission therefor charged by anu al
owed - NC5sr. Barring. Bru:htrs, g. Co. equal 10
'p1It $4,000 per auuum.' but they add, "(rorH
10" increase %! money operations arising from the
IcI.iiie, afforded by he agency, The amount upon
Nhich commissions were charged was greatly aug
n"nied, 80 thlt The suns paid him Tor his ordinary
up 70 Jauulrv 1911. ampunieI To Q per
'"a'a NN'Aaa-" ~ p t"'at IL arfu the EXPENSES
Il The agcncy 10 : S5.!G6 %"
WrlI. he il 80. These S3j,I66 % Of expenses
'r clerk hire. rooms, &c. during these three years,
January. 1888. t. January. 1911. would a.
lDuut 10 81. 522 % a year. Dcdaci the salary Of
.ic. Jauian just exhibited in high relief $4,000, and
here remains SG722 30 for oil Tie expenses of rent
pd three clerks hirc-lnd stamps and hostages and
worry sort OF miscellaneous service. and really il
not seem - very enorJuons. But after all IL
It'd nNi give Nc Juudnn any prnf,-zo that all that
Ic gained were these Sl7S0lI Il. which for three
years makes an annual allowance Of S599IS IL
The Niessrs. Barring, Bfpihers e. Co.. had "abnur
but as the rate Of commission 20 both
The same, e the increase Of money operations
had been as great with Bring, Brothers e. Co. ns
with Mr.. Jaulon. they would have received the
,JJ.3lS l2-ihGt is 10 say, yoH send Mr.. Jaudon
% London, agreeing TO give hun what your former
igcnI received. If YOU do liule business he gets
much. hc gets much-and when he is
ihCsc, ynu, OF your own accord, without consnlGnr
lim al all, make ian increase Of money Operations"
md then You complain Of him because his com.
MISSIONS increase ~ proportion. But tins is not all.
When the protest by Mcssrs Hoiingner g. Co. had
nearly Frustrated the bank he went 20 The continent
md saved Il by negotiating a loan, and tho question
whether This being a mailer entirely foreign fo
ms agency, wholly voluntary. and If infinite ser.
ice "a the bank, he ought not to receive the Same
which any other person who did the
business would have charged IS a matter Of course.
The board Of directors decided that he should. and
hat seems to remove all reprOach from Mr. Jaudon
Il least
Like mos. preiudiccd persons, moreover. the com.
u.ICc iJok only on one side. They count no with
,rCIt care the sums which the agency cost-but
hey did not count up what % saved. Now. in one
.Ul!c item. the presence of Mr.. Jaudon saved twice
" three times. perhaps four limos. M That has been
'ud 60 him. lie charged nothing Tor making sales
lr paying diyidcnds-but any other house in addi-
Co what was paid to Mr.. Juudon, would have
charged MS matter II course q commission of one
per rcHi. uu al stocks. shares, and other liabilities
ny tie buuk-1ud his commission alone youId
have lIr exceeded 40 Inc commissions and expenses
ai Doe a..ury. IN ihCso very sllrs moreover The
'|EorIprs 1f No JaudUn must have saved a large
srw. 1s uY house occupied with Its own affairs could
Doe pre- umcd 20 manage 10 50 wgll-lnd o lnninr
difference Of one or Two per cent IN The negotiation
Of these large amounts would dofpy all his ex.
pDusgs Iud commission.
Aud row we rome 10 what ] consider the most
ilscuECuuJus part Of even this report.
I.H rAt b.. ..T.r4r.vT fI.f ms Nrg4w-. r -