Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-07-01
GElNER.qL HAMILTON.

IL gives sincere qualification 10 learn, that dur
ing recent visit to Richmond. this distinguished
| Individual had an interview with the Directory Of
tho James River and Ksnswha Company. and gave
such explanations of his proceedings their Aeen,
abroad, fully satisfied them, thu, in the unior,u
nate transaction which, by reason OF the unexpected
difficulties of tho times, eveo,uated in temporary
diversion OF portion OF the Companys funds. so far
from contemplating such result, he had in view the
ultimate advancement Of its interests.
II should berecoected tina, was solely the neees.
sy Of going before the Legislature with an nppliea-
ton for the means OF preserving the Company's
credit, which compelled the Directory to give pub
lic,y to the transaction, and that in doing they
were careful not to charge him W iIh any moral de-
linquency. lfhis reputation suffered in the estma-
ton ofthc public, it by inference from the facts
disclosed, rather from the want Of full aeeoun
OF the facts, which had not then transpired.
Having most reluctantly, at the time, by the pub
.icalion of the Company's memorial, been ins,ru.
mental in creating an impression unfavorablc TO
General Hamilton, We have applied for. and now
subjoin, with srea, pleasure, copy ofthe proceed
inss Of the Directory of the Company, on occasion
Of his interview with them:
A, meeting Of the President and Directors of the
James River and Ksnawha Company, held in
Richmond, on Monday, the goth June, 1912:
Gen'l JAMES HAMiLToN, OF South Carolins,
having appeared before tho President and Directors
OF the James River and Kanawha Company. and
having made q full explanation OF his negotiations
for the disposal OF their Sterling Bonds Ia Europe,
aud of the difficult and embarrassing circumstance
attending The fold agency with which he was
| charged whilst abroad
Resolved, That the President and Directors of the
Company arc fully satisfied that the failure OF Gen.
Hamilton TO negotiate the sale Of the Company's
bonds in Europe, however unfortunate in its opera
ton. upon the Company's credit, is ascribable, not
20 the want Of skill, energy, and zeal in the Agent
but 10 the great and increasing difficulties oil the
times in which his agency was conducted.
Resolred, That the Board is also fully satisfied,
that in the loan negotiated with Messrs. Deter
meyer, Wesngh & Son, OF Amsterdam, upon on
hypothecation of tho Company's Sterling Bonds,
which has eventuated in temporary diversion of
portion Of Its funds, Gen'l Hamilton intended no
injury to the interests OF the James River and
hanawha Company, but looked TO the ultimate
advancement OF those interests as tho result OF the
negotiation in which he was engaged.
RssOivei, That tho Board is sensible OF the car
nest and perseverng efforts of Gcn'l Hamilton to
protect the Company from ultimate loss from the
contract ofhYpothecation with Messrs. Determcyer,
Weslingh & Son, OF Amsterdam; and that it is
fully convinced that the measures which he is taking
WIKI u WOW W ltllS iltCb VIII
complete Naturalization OF the Company.
Resided, That the Board entertains undimin.
ished confidence in the capacity, integrity and fl.
deity of Gen'l Hamilton, and that he be requested
TO resume the powers Of Attorney, which he has
surrendered TO the Board, and on his return 10 Eu
rope, TO continue his services as the Company's
Agent, in closing their unfinished business abroad.
Resolusd, That copy of these resolutions be
forwarded by the President Of the Company to
General Hamilton in New York, another copy to
G, 4. 4
other copy to Messrs. DeIermeyer, Weslinsh &
Son, OF Amsterdam.
Extract from the Records.
w. Il. CfllTTENDEN, SeertiGry.