Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-02-17
Gen, Hamilton of South Carolina.

We lay before our readers very interesting artl-
Ne from the Charleston Courier in relation 10 this
distinguished man. We seize with pleasure upon
every fair opportunity ofatemp,ng TO clear his skirts
from eyerv suspicion which could attack his integrity
We have every reason TO beley that this defence Is
rom the pen OF his brothcr-in law, MI Cruser. ne
lscribes The transaction to Gen. HIS disposition TO
promote the interests of Texas. We understand
here ara strong grounds for hope that arrangements
vii! be promptly made for protecting the James XII
ysr Company from any loss. Mr. Cruger IS eX-
1ec;ei TO-DAY in Richmond, to confer with the Pre-
,aienl and Directors Of the James River and Kama
aAa Company:
General Hanatoa and the james Ricer and hanh'rhH
CDmpaay-In copying from the Richmond Wing the
caagss vi the above named Company against Gen Ma
niqn, accompanied them with no comment, deem
~ more delicate and proper 10 leave explanation oi
na 70 the friends of thai distinguished and honored son
aou State than 10 venture on any conleciura cNpa-
.lons ofour We give place, this morning ana IN
M The attention of our readers 10 communication com
ag from source entitled 10 high consideration and re-
sect and giving probable explanation OF The CIR
instances which have embarrassed The relations Of
General Hamilton with the Virginia Company, and
a,bu,ine with great likelihood, his present posture
10 his earnest efforts to sustain the credit and cause
Of Texas in Europe, in the full confidence that his ne
g0t,a,oa for loan would have been successful and
shich we're defeated only by events beyond human
foresight or prevention. This explanation must suffice
Tor the present. and in the mean time every one will
The proprely and Justice of suspendIng his Judg-
Rent, a, least until the knowledge of the accusation
can reach its distinguished object-now absent in
'orsgn land-and place it in his power to answer his
sccuser in person We need scarcely add that the full
ndca;on Of eminent ellowcitizen, in this matter,
vii yield large share Of the pride and graduation,
Shch /, will dl.fuse throughout our community.
10 IL. Editors of the Courier:
tientem.n--The article, from the Richmond Wing of
ne h Instant which appeared in your paper OF the ION
as,, details another series OF The notifications and DIS
appointments which have arisen from the traffic. in Eu-
ape Of American stocks. No individual probably, has
suffered Q. is se: suffer so much from these NOR
alcativaS aud dsappointmen,S as General Hamilton
hioging al home the highest confidence and esteem Oh
~ ielow-czen> and possessing an independent Tor
tae he took the deepest interest in the Texan rerolu-
You AMI eSeed himself 10 promote It's success In II he
understood 10 have embarked considerable amountof
~ loilane--ald when the pressure OH the mercatlie
Mny and some losses in trade made II necessary ior
am ~ elc7vor 70 concentrate his resources he prooaDiv
oosel 10 The efscting of loan in Europe for the new
sae a> the te>tmeanS OF promoting its prosperity, AMI OF
t4izhgihe funds which he had advanced torl consi-
-ae amount IN TeXan bonds was held by the Bank OIL
Me and was therefore object with the Bank to
promote the Loan II is not unlikely that, when Gen.
went TO Europe, with the expectation ofnegotating
-aeh loan, ne received an intimaton from some one
- e'aer, who had influence in the Bank, that u Inc
!a could not be obtained on other, or more favorable
t'ms' It nigh, be guaranteed by the Bank. Such an
a"niatlon is nferribe from what actually occurred
s certainly made great exertions to effect the nego
"aNons without the guarantee 1t seems equally GER
'ln mat he failed. But there is doubt that when
s ee' Of the 18th February 154l, to the editors OF
"e journal Of Commerce, and which appeared IN your
es o. ne 3lst of March, lS4l, was written, he hao
e!a'ed the loan with the house of J. LATTE ~ Co
: mat he considered the matter absolutely ana
.t'''y settled. The diplomatic agents of Texas IN
''.'oPe, anu IN this country, depended, u IS De-
"sseu' manly, If not wholly, on General Hamilton,
I"S me loan which he expected to negotiate 10
"sep them at their posts. He was obliged to make
-'aacss Tor them. A heavy and unsuccessful al
n'ufe IN cotton is understood to have crippled ms
~" resources. The retirement of the Texan dipo-
~ agents from Europe would certainly have en-
siea the loan which he believed effected ana 10
'heni, he may have ventsred 10 ra'se money
- pledge Of the State Bonds remaining III his hanos
ssss.ons'ng to the James River and Kanawha Com
- WIN the firm intention OF redeem'nS taese
nus oy the very first funds received from the loan
se ae'ual guarantee of the loan by the Bank' OF
- s seems he had never doubted, reached Europe
..eoFuary Z, and was, of course, Immediately iot
'ec To him. Within less than fifteen days y
=, followed by the astounding and most nnex'
Tea ~. intelligence that the Bank had failed
Us Was an event which human sasacity
lo well have foreseen, and assuredly not one
ain IN Europe anticipated II was we'll calculated TO
nj o' cA uneasiness in the minds OF Latte q Co.,
NJ +" GROW great if not insurmounable obstacles IN
sra ~ vi sale of any considerable part OF the stock
=. ,ae Intervention OF Mons Human, the French Mi
h. " nance. must have given the finishing blow to
: onfaci The utter failure them of this contract le
'he power OF Gen. Hamilton 10 redeem, from Inc
I'M Of the loan the bonds hypothecated win Inc
house, and his own recent heavy losses, and the
h. depreciation property would render him, for
unable 10 raise The amount Beyond all rea-
AVA coabt il expended in the service Of Texas
IN Inc view Of promoting her interests, and GER
sna Texas will that it be repaid 10 the James River
@49 a. hanawha Company.
These remarks are not offered apology for the
opcahon of the bonds, but probable explanation
~ ome OF the circumstances under which il was made
are offered by one, who has no connection, direct
~ Or indirectly, with Texas the Texan loan, and
sa' through the whole transaction has been a wholly
"''a'e'es,ed, but not an Indifferent