Herald of the times. [volume] (Newport, R.I.) 1830-1846, 1842-07-14
From the Charleston Is. CO. courier.

II len. lIAMiLTON.-Ne are graiineC
TO make the subjoined extract from the
Richmond Wing, Of the st inst. E, showing
that a proper investigation Of this dislin'
guished citizens transactions, in behalf
of the James River and kanawha Com.
pany, has resulted, not only in relieving
him from the shadow Of reproach, but ir
the expression OF the Company's undiml-
nIshed confidence in his capacity ,integrliy
and fidelity, and their request that he
would resume his agency in closing then
unfinished bushes SIS abroad.
\ Gen. Hamilton.-lt gives us sincere
/ qualification to learn, that during recent
4 visit to Richmond, ihatthi distinguished I'd
individual had an interview with the
Directory Of the James River and Kama.
wha Company, and gave such explana-
'ions Of his proceedings, as their Agent
abroad, as fully satisfied them, that in
The unfortunate transaction which, by
reason of tho unexpected difficulties OF
the times, evenluateu in temporary
| diversion Of IA portion of tho Company s
| funds, so far from contemplating such a
result, he had in view the ultimate ad-
vancement OF its interests.
| 1t should be recollected that it was
solely the necessity OF going before the
| Leg sature with an application for the
means of preserving the Company's credit
which compelled the Directory to give
/ publicity Ia the transaction, and that IN
doing so they were careful! not to charge
him with any moral delinquency. II his
onfaraI -, ba of
the public, it was by inference from the
facts disclosed, or rather from the want
Of a full account OF the facts, which had
not then transpired. Having most re-
luctantly, at the time, by the publication
Of the Company's memorial, been lns;ru-
mental in creating an impression nnia-
vorable to General Hamilton, we have
applied for, and now subjoin, with great
pleasure, copy of.he proceedings Of the
Directory of The Company, on occasion
of his interview with them:
AT meeting of the President and Direc-
tors of the James River and Kanawha
Company, held in Richmond, on Mon
day, the 20ih June, l842:
Gen1 James Hamilton, Of South
Carolina, having appeared before the
President and Directors of The James
River and Kanawha Company, and hav.
ing made n full explanation Cf his nego-
tiaiions for the dposal of their Sterling
Bonds in Europe, and of the difficult and
embarrassing circumstances attending
the two-lold agency with which he was
charged whilst abroad
ResoIred, That the President and
Directors of the Company are fully sat
is6ed that the failure of Gen. Hamilton
to negotiate the sale Of the Company's
bonds in Europe, however unfortunate in
its operation upon the Company's credit,
is ascrbable, not to the want of skill,
energy, and zeal in the Agent, but to the
great and increasing difficulties OF the
times in which his agency was conducted.
Reso!rea, That the Board is also fully |
satisfied, that the loan negotiated with
Mcssrs. De,ermeyer, Wcslingh s. Son,
of Amsterdam, upon an hypothecation of
the Company's Sterling Bonds which
has even,ua,ed in temporary diversion
o! portion Of its funds, Gen'l Hamilton
intended no injury To the interests Of the
James River and Kanawha Company,
but looked TO the ultimate advancemcn Mt
of those interests IA the result Of the ne
gociaion in which he was engaged.
ReSoired, That the Board is sensible
of the earnest and persevering efforts OF
Genl Hamilton TO protect the Company |
from ultimate loss from the contract of
with Messrs. Deiermeyer,
Weslingh s Son, OF Amsterdam and
that it is fully convinced that the meas
ures which he is taking with view to
this oblec, viii eventuate in the complete
inocmniIication of the Company.
RcSoired, That the Board eHtertains
undiminished confidence in the capacity,
integrity, and fidelity Of fGen'l. Hamilton,
and that he be requested 10 resume the
powers Of Attorney, which he has surren-
dered to the Board, and on his return 70
Europe, TO continue his services as the Il
Company's Agent, in closing their un-
finished business abroad
Resoired, That copy Of these resolu
tions he forwarded by the President Of
the Company to Gen. Hamilton in New
York, another copy to Messrs. Morrison,
Sons s Co. Of London, and.anoher copy Il
10 Messrs. Determeyer, WesIingh s
Son, OF Amsterdam. Extract from the
Records.
~ u CuITpENnE<r c.,