The New York herald., 1851-11-22

sire to increase The writer replied that he feared
Q revulsion in the msney market, and that he
could not sustain himself unless the bank would
carry him through. To this the Governor said
that hewas not authorised to give pledge binding
on the Board of Directors, but added, "Yon knoW Il
that the bank has always aided you, and as Cover
nor T pledge myself to do all that can for you y
when the bank issued its notice dscrediting eli bills
drawn on account OF American produce, he was un-
der acceptance for more than nfteen millions of dol
who had retired with much srger fortune, sacri.
| to sustain him
This is not all. When. a short time before that,
| sne BANK OF England sent an agsut 60 the United
| states, Mr. BiGdle gave him a room ia the bark
IN Phlladephia, and aided him in the tran aotioa
OF business BY all the facilities which the
nts and correspondents of the Bank of the
United States could give. Yet when Mr.. Jaudon
| reached London, the Bank of England refused the
privilege of opening an account with them and the
reason Of this will presently appear So much as
| to the bank Aword as to the bankers IL will be
| remembered that Mr. Jaudon took with him GER
tain Indiana, illinois, and Mississippi boads which
were hypothecated with certain bankers, and that
paid by the Bank of the United States 1t will
also be remembered that some time after the hyoo.
thecation, those bankers made q trust, by which
these bonds were transferred to certain widows aid
orphans, and persons Of small income, who relying
on their reputation and character, had deposited
large sums with them to be invested at discretion
Il Will also be remembered that at the time Of this
distributen, certain Newspaper paragraphs praised
the generous liberality ot these eminent bankers,
VINO mad thus permtte their customers to participate
in the speculation; and that no one-no, not even
the degenerate Americans who made merchandise
of the character and credit of their country-were
so ciamorous in denouncing the United States, or
50 protuse in sympathy for the poor widows and
orphans, as these bankers and their agents And
Who can believe that they we're not previously
notified that the Bank of the United States would
cease to pay the interest the bonds
ana that the trust was created, and the wspaper
paragraphs written to cover the ira nsfer of the SO
Indiana, Illinois, and Mississippi bonds to those
widows, orphans, and confding customers, who had
placed funds in their hands for investment, And
who cannot see that the subsequent denuncation
OF American dishonesty, and pretended sympathy
Tor SHOWS and orphans, was intended to al or
mystny the agency by which the losses were trans
ferred from these wealthy bankers to the widows
an0 orphans in question!
One other fact l was in London in 1872
friend, who wished to come to the United States,
had one hundred and forty thousand dollars in
American securities, upon which he wished to berrow
three thousand dollars. myself took those securities
to the principal man of business of the house which,
as before said, had during that year realized near
three millions Of dollars profit on the securities
which they had taken from the Bank of the United
states, and proposed that he should take any
amount of the securities in question which he might
require, and forward them to their agent in New
York, advancing thereon three thousand dollars to
be refunded Immediately on our reaching the United
States. His reply was:-"lf it were known upon
Change that had advanced you one hundred
dollars on any American security whatever, our
house would i'm mmedistely be put in coventry"
One other fact. When the agent sent by Presi-
dent Tyler to London, to negotiate the loan of Eve
m milons of dollars, had been dssuaded from offering
the loan in that market by the Messrs. Barring *
Co; ard Mr. Peabody, acting in concert, he went to
Ireland and left the negotiation with me. / negs-
tated the loan, and the agent would have received
the money Give hundred thousand dollars in hand,
and the rest in instalments as wante, but for the
interference of persons connected with and interested
in the combination in question. U may, hereafter,
make this the subject Of special letter, with some
other striking facts bearing on the issue in
question)
Do these remarks challenge your belief, because
you cannot see adequate motive for such COM
bination! | now procet to illustrate the motive
and policy. The public debt Of nine Of the priaoi
Pea European States, in 1912, is given nearly
could then ascertain il, in the following table .