Daily Richmond Whig. [volume] (Richmond, Va.) 1840-1842, 1842-02-18
To the E.Htors OF tn. Charleston Courier 4:

GENTLEnEE-The article, from the Richmond
Wing Of the 9Th instant, which appeared 10 your
paper OF the ION ms, details another series Of the
morthcatons and Gi,lppointmen's which have
arssnirom the traffic in Europe, of American stocks
No individual, probably has suffered or is likely 10
suffer so much from these notifications and dsar-
poinlmcntS rs General Hamilton Enioyine Al
home the highcs. confidence and esteem Of h.s fel.
low ctzens, and possessing an independent torture
he TOOK the deepest interest in the Texan Tayoli.
ton, snd eIered himself 10 promote It's success, In
II lie ia understood TO have embarked considerable
amount Of his fortune-and when the pressur, on
the mercantile community and some losses in traJe
made u necessary for him 20 eRdoavor 20 concen
trate his resources, he probably ookei 20 the Effect,
ing Of a lOan in Europe Tor the new slate as the
bat means or promoting i's property and OF rsnl
ling the funds which he had advanced for IL A
considerable amount in Texan bonds was Reid by
the Bank o. the United States, and il was ,hertfJre
an object with the Bank 70 promote the loar. f. IL
not unlikely thai, when General Tia milton went 10
Europe, wth the expectation Of negoiiiirg such N
loin, he received an inimsion from some one or
other, who had influence ia the Bank, that If the
loan could not be Obin ned on other or moe f,vo.
rable terms, it might be guaranteed by The Bank.
Su;h on intima,ion IS infsrable from what nc
tIaiiy occurred. lie certainly made crca, eK-
erilons 10 effect tho negotiations without the
guarantee ltseems equally certain that he failed
But there IS mo doub TIA. when bis letter Of the "a
February, 1911, 10 tie Editors Of Tho Journal Of
Commerce, and whi.h appoued IN your paper Of tho
3lst Of March, 1871. was written he had negotiated
the loan with ih3 house Of J. Lefto 4 c. SO thu
he considered the mater absolutely nnd finally set
tied. The diplom &c agents Of Texas IN Enrore.
and IN this country, depcndtd, It's believed mainly
Il not wholly, on Gen. Hamilton, ond tho loan
which he was expected u negotiate, 10 keep them 4
their posts. lie was Obliged TO make advance, for
them. A heavy and unsuccessful adventure in
cotton is understood n lave crippled his own re
sources. The retirement Of the Texan d,plo
matte agents from Europe would certainly have en-
dingercd the loan which he believed ef. G Cd; and
70 maintain them, he my hlvo vsnturc1 10 raise
money 10y pledge of The State Bonds fcmlining
in his hands belonging TO the james River and Ka-
nawhi Company, With the firm intention Of re-
dsomng these bonds by the very first funds received
from the loan. The actual guafan,to 81 the loan
By tho bank, OF which Il seems he had never doubt
cd, reached Europe on Feb. 7, and was Of course
immediately forwarded u him. Within less Than
h.iccn days it was followed by the astounding and
most unexpected in'o liRonce that the Bank had
hicd. THIS was on even; which no human saga
eyl;oud wei have iorCseon. on asiufedly not one
msn IN Europe ancipited. II was well calculated 10
tTcfe much unCasucss IN he minds Il Lafuo < Co
end 10 throw great 4 not insJrnOuntabie obstacles
IN the WY Of sale of any considerable part Of TIE
stock; az tho intervention Of Mons. Human, the
French = mister Of France, must have given the
finishing blow TO the contract. The otter failure.
hon, Of this contract, left il out OF the power Of
Hamilton 10 redeem, fem tho proceeds Of the loan
the tonds byPo!heealsJ with the pVIsh house., and