Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1842-07-12
Genl,nt !. Hcmiiton of Charleston.

We arc happy to see from the following proceedings
ofihe Board of the James River and kanawha Company
TINT after having critically investigated The clrcuStan
ccs of the ransaction-aiter having fully conferred
with General Hamilton in person, they forward
TO bear testimony 10 the honor oi man who has stood
so pre- ennenly high in the esteem Of his countrymen
We are happy the Company satisfied with the ar
ranoemcnis he has made, and fully convinced OF IT'S
"conIplec indcmnlica'ion we are happy 10 uhu'r
stand that General llamions family, in that spirit OF
devotion, not less tcrdr than wise, which should bind
every swell regulated family together are prepared 70
make every proper sacrifice and excrton III Lehali oil
his own credit, and of the interests oil The Company
General Hamilton left this CITY more than two weeks
since for New York, whence lie was to embark Tor hn
rope: . p:o,o. oc,,, r,,,o,
River and Kanawha Company, held in Richmond, on
| Monday the Goth June, lS42:
| Gen. James Hamilton, Of South Carolina, having
anpeared before The President and Directors nie James
River and Kanawha Company, and having made iull
explanation of his negotiations for The disposal OF Their
Sterling Bonds in Europe, and Of the difficult and EN-
barrassnr circumstances attending the twoiold agency
with which he charged whilst abroad
| Resolred That the President and Directors OF the
Company fully satisfied that the failure OF uenefa
Hamilton to negotiate the sale Of The Companys bonds
in Europe however unfortunate in lis operation upon the
Comm $ credit is ascribnble not TO the want OF sk
energy, and zeal in the Agent, but TO the great and IN
cressing difficulties of the times in which ms agency
was conducted.
Rfso'red, That The Board is also fully satisfied, iha
in The loan negotiated with aessrs Deermeyer, Yves
linrh & Son, of Amsterdam upon an hypothecatlon o.
the Company's Sterling Bonds, which has evenlua'ee
in Temporary diversion of portion of it's funds
General Hamilton intended no injury TO the interest:
If the james River and kanawha Company, but looked
10 the ultimate advancement of those Interests as the
result Of the negotiation in which he was engaged
Resoiped That the Board is sensible OF The earnest
and perse vering efforts Of General Hamilton TO pfotec
the Company from ultimate loss from the contract o
hypotlecaiion with Mcssrs. Determeyer, Wesngh =
SON, of Amsterdam and that it is fully convinced
,ha, the measures which he is taking with view ''
this object will evcntuale in the complete incemnlhca
ton of the Company.
Resoirfd, That the Board cnter!ains undimin.he'
confidence in The capacity integrity and fidelity
Cen Hamilton, and that he be requested to resume
the powers f!Attorney, which he has surrendered
the Board, and on his return 10 Europe, 10 continue
his services the Companys Agent, in closing the'
unfinished business abroad.
Resoired That copy of these resolutions be Tor
warded by the President OF the Company to Genera
| Hamilton, in New Yok, another copy to hessrs
Morrison, Sons IL Co., of London, and another copy
Mcssrs. Determeyer, Weslingh Il Son, of Amsterdam
! Extract from the Records.
W. B. CHITTENDEN, See'y.