Baring Brothers, the massive London commercial bank that had financed the US purchase of Louisiana, and whose pressure had convinced American and British negotiators to swallow pride and sign the Treaty of Ghent at the end of 1814. Barings’ money allowed Nolte to accumulate huge piles of cotton on the levee after 1815, and by 1819 he was buying 20,000 to 40,000 bales per year—4 to 8 percent of US exports, and up to a quarter of what passed through New Orleans.
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