The Second Bank of the United States

Cover The Second Bank of the United States
The Second Bank of the United States
Catterall, Ralph C. H. (Ralph Charles Henry), 1866-1914
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The presumption that everybody lied will hardly be considered tenable.* 1 Circular of Aug. 22^ 1832, ibid,^ pp. 101, 102. An arrangement was also made with Hope & Co., of Amsterdam,— Ifcid., pp. 103, lOt.
2 ^^ The purchase of the stock by Messrs. Baring had not been adverted to in my instructions, or in any conversation with my constituents at home."— I6id., p. 52.
3 Ibid., p. 117.
^ Suspicious circumstances were that Cadwalader had forwarded the substance of the agrreement with the Barings, st
...ating that they were to purchase for the bank Aug. 22 (ibid., p. 99) ; that he had forwarded the agreement itself on the 25th (ibid., p. 100) ; but Biddle had not disavowed the illegal clause until Oct. 15, after the agreement had appeared in a New York paper (ibid,, pp. 87, 117). Biddle always asserted, however, that he had not received the agreement until Oct. 12, and that he had straightway disavowed it. (To John Sergeant, Feb. 1, 1833, P. L. B., Vol. IV, p. 407; also in all published examinations and reports on the affair.) Again, Cad- walader had had the agreement circulated in manuscript, instead of in print, in 272 The Second Bank of the United States The disavowal of Cadwalader's contract gave rise to new complications.

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