tvm ■ 1 ''SI ■H "fcrvfi I I 1 •• LIBRARY OF THE UNIVERSITY OF ILLINOIS AT URBANA-CHAMPAIGN B B25541 ccp .2 8 INCIDENTS LIFE OF JACOB BARKER. NEW ORLEANS, LOUISIANA HISTORICAL FACTS, HIS FINANCIAL TRANSACTIONS WITH THE GOVERNMENT, AND HIS COURSE ON IMPORTANT POLITICAL QUESTIONS, FROM 1S00 TO 18 55. WASHINGTON 1855. B 3 55 Q •oj>> 0o 4^ Fj ing in the Hall— Mr. Madison re-elected President — Declaration of War with Great Britain — Convention at Albany — Memo- rial to Congress to defer the War — Colonel Taylor's Speech — Law passed to borrow Sixteen Millions — Lends Large Sums to Government — Opposition of Federal Party to the War — Subscribers to the Loan for Government. 16 W Page. Family of Jacob Barker — Relationship with 5 Benjamin Franklin — Education — First Speculations in Trade — Early History of Nantucket — Perils of Whale Fishing — First Purchase of Ships — Marries — Com- mences Business — Loses his Capital — Contracts with the United States to sup- ply Light-houses with Oil. becomes Owner of many Ships — Sends a vessel to Nantucket with Flour — Captured by a British Frigate — Establishes Steam Communication between New Bedford and Nantucket — Relieves the Banks of Nantucket from Embarrassment — Im- - fc -^ ports for Fulton first Steam Engine suc- cessfully used for propelling Vessels — "**^~ Methods of Book Keeping and Calculating lv Interest — Aaron Burr's Conspiracy — In- ^. terview with Thomas Jefferson. W Non-importation Resolutions of Philadelphia Merchants in 1765 — Mr. Barker meets with great Marine Losses — Jefferson's Em- bargo — SpeechofDe Witt Clinton — Trans- actions with United States Branch Bank — Opposes renewal of United States Bank Charter — Supports the Non-intercourse Laws — Letter of General Washington. CONTENTS. V 19 _"i. Tammany Hall, New York, built— Mr. Bar- 55 ker one of Building Committee — First Meet- Page. Mr. Barker's exertions in raising money 41 made known to Congress — Enmity of the Federal Party to those assisting in carry- ing on the War — Investigation relative to Sixteen Million Loan — Elisha R. Potter — Contract between the Treasury and Girard & Parish of Philadelphia. Petition to Congress to establish a National 45 Bank — Plan of raising money — Contract with the Treasury — Opposition to the Loan — Correspondence with the Treasury De- partment — Negotiation with the City Bank — Issue of Funded Stock — Remonstrance to the Secretary of the Treasury . Opposition of the Treasury Clerks — Difficul- 75 ties of raising money — Supplemental Stock — Project of establishing a National Bank — A new Loan authorized by Congress — Opinion of R. Rush, Attorney General — New Certificates of Stock — Opinion of William Pinckney — Mark of continued confidence by the Treasury — Attempt to sell Stock in London during the War — Assignment to Creditors — Paper Currency — Depreciated Paper accepted by the Treasury. Petition to Congress for relief — Referred to 96 Committee — Speech before Committee — Committee report bill for relief — Court of Claims established — Invasion of Washing- ton by a British Army — Battle of Bladens- burg — General Armstrong — Excitement in Washington — Letter of General Arm- strong — Resignation of General Harrison — Appointment of General Jackson — Mrs. Madison's departure from Washington — Mr. Barker and Mr. De Peyster — Mis- taken for English spies and arrested — Si 70