The Camden journal. [volume] (Camden, S.C.) 1836-1851, 1841-11-24

70 7
burning effiges, had only served to render
the path of duty more plain. In that patti,
l shall walk, my confidence being placed
in the patriotism, discernment and intelll:
gence of the American People, whose in:
terests are always best sustained by firm
observance of Constitutional require
ments. ~
Itender you, individually, assurances OF
oHNTYLER.,,
To Edward G. Crump, George William.
son, John G. Crump, VIM. R. G. Douglas,
and Chesley Joens-Conemittee
"ouR FIRST DUTY is TO FOREIGN NATIONS, -
Nicholas Biddle as President of U. S. Bank.
1t appears that this is still the governing
aphorism with our great American mo-
neyed corporation. We find the. following
in the last English news: !,
''Mr Jaudon, the agent Of the United
States Bank, has addressed anotice TO the
holders of the loan for 90,000l sterling,
contracted at Paris on the 26lh OF Decem'
ber, 1889, in hich he states that, in con-
sequence of unavoidable circumstances
the Bank of the United willsbe unable to
reimburse the half Of the aforesaid loan
on the 18th instant, according to the terms
of the loan., He therefore requests post
ponement of the time of payment for one
wear, in consideration Of bonus oil
45, ,0O0,l for the liquidation pf which he
has placed ample security in the hands OF =.
Messrs. Rolhschild and Sons nfsLondon,
Here is fprty-iye thousand, pounds-a
sum equal TO quarter of a milioniof dol
lars of our currency-given by way OF bo-
nus to the foreign bankers, to whom the
United States Bank is indebted, while lis
American creditors cannot get farthIng
of the principal or interest due them. ihe
great foreign creditor not only. gets his
principal and interest well secured, but he
gets graluily or bonus-or in other
words, usury, to the amount Of a quarter
of million, added to the legal interest!
This shows where the assets ofthe Bank
have gone. The stockholders and note.
holders, for whom all the blessings of the
institution were intended. are literally
robbed by the managers Of the corpora
,ion, who appropriate its means to meet
their debts OF honor-their gambling
transactions abroad: Nowadays, a band
Of bank directors louk upon the fumes put
under their control by Government and
individuals to advance public as well as
private interests, as just so;mucb put into
their breeches pockets TO tinancier WITH ,
,ha, is to gamble. speculate and dabble in
politics with. Does not all the world new
see that the thirty-fivemillions oflhe Bank
Of the United States has been all drawn
out and disposed of by Mr. Biddle and Mr.
Jaudon, in playing the political game in
this country, and stock gambling at home
and abroad-a branch Of which was the
cotton speculations entered upon to keep
up the stakes. in the shape of valuable
commodity, bought with paper, when all
the actual capital oflbe Ba TX was dissipa-
ted Mr.. Jaudon has lost all inhis play with
the European money jotbers-the Ro.hs-
childs, Hopes, Barings, and 'Hottinguers,
have proved 100 deep for him. They have
all tl,atis available of, the United States
Bank assets in their own hands, and he
pays them quarter of a million forbear-
ance money. MIR. .Biddle, with his great
er Bank, and his little branch Faro Banks,
snch as the Morris Canal, Merchant, and
Columbus Banks, after plundering the
people in all sections, finds himself used
up like Mr.. Jaudon, by the broad. sweeps
of the foreign bankers-lhe waste and ex.
,ravagunce ofhis agencies-the. suspended
debt of his politicalaIlies, and his insolvent
spectators.
This is warning to all who have earn.
ed capital, against investing it in system N
of financiering; that is devoting it to the
business of swindling. gambling, and usu
ry, under the management ofan irrespon'
sible board of adroil gentlemen, who un
derstand the art Of living by their wits.
Union Democrat.