Samuel Jaudon was a 19th-century American banker and businessman who was best known for his work as cashier and agent of the Bank of the United States from 1832 to 1837.
15 Facts About Samuel Jaudon
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Samuel Jaudon was the eldest son of Daniel Jaudon and Anna Jaudon.
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Samuel Jaudon was hired as the cashier of the New Orleans branch for the Bank of the United States, the country's national bank.
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In 1832, Samuel Jaudon became the national cashier during the Bank War between Bank president Nicholas Biddle and US president Andrew Jackson.
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Samuel Jaudon left his position in 1837, but continued working as an agent for loan negotiations.
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In 1835, Samuel Jaudon sold the Bainbridge estate bonds and invested the money in the Delaware and Raritan Canal Company.
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Samuel Jaudon resigned from the railroad's board in January 1838, and traveled to London to try to sell various US securities on behalf of the now-private Bank of the United States.
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Samuel Jaudon ultimately succeeded in 1840 in obtaining a loan of $113,000 by using United States Bank bonds as collateral.
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Samuel Jaudon was discharged on a writ of habeas corpus, and was not arraigned after.
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In 1855, Samuel Jaudon was secretary of the Texas Pacific Railway Company based in New York, but which sought to build a railroad with land grants from the Mississippi River.
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In 1865, Samuel Jaudon took out a loan from the National City Bank of New York to finance coal speculation, and gave as collateral 47 shares of his sister-in-law's stock without her knowledge, and later the remaining 70 shares.
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Mary sued Samuel Jaudon, who sued his bank, who countersued in a case that was ultimately decided by the Supreme Court.
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Samuel Jaudon died in Philadelphia on May 31,1874, survived by his widow and three children.
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Samuel Jaudon was interred at Mount Vernon Cemetery in Philadelphia.
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Samuel Jaudon died on April 13,1880 and was buried in the Jaudon vault with her husband.