| Title: | Rowland Redmond, New York to William Young, Fenaghy Cullybackey |
|---|---|
| ID | 2213 |
| Collection | Irish Emigration Database |
| File | Redmond, Roland/3 |
| Year | 1852 |
| Sender | Redmond, Roland |
| Sender Gender | male |
| Sender Occupation | merchant |
| Sender Religion | unknown |
| Origin | NYC, USA |
| Destination | Co. Antrim, N.Ireland |
| Recipient | Young, William |
| Recipient Gender | male |
| Relationship | cousins, business |
| Source | D1364/1/9: Presented by W.L. Young, Drewsteignton, Exeter, Devon. |
| Archive | Public Record Office, N. Ireland |
| Doc. No. | 9409257 |
| Date | 22/01/1852 |
| Partial Date | |
| Doc. Type | EMG |
| Log | Document added by LT, 15:09:1994. |
| Word Count | 775 |
| Genre | |
| Note | |
| Transcript | Atlantic New York January 22nd 1852 My Dear Willy The accounts which I have received from New Orleans are favourable of McDowell Mills & Co and I think the house safer than they were supposed to be they have so far met all their engagements and their work being for some time not good it is fair to suppose that they have being going on with their own means and resources. Your letter remains in New Orleans which is the best place for it. I think it would be well for you to let me know from time to time how the account between you stands. Lately there have not been any failures in the dry goods trade but during the last months of 1851 there were several William hay escaped pretty well having only $5-6000 suspended and of course he will get something out of it. This has been the severest winter for the last twenty years and I hear everyone complain of the dullness and the small sales & poor results. I suppose & hope that next month will be much more active. I see very often Nicholson - Barclay - & Watson & Millar comparing goods and the result is that gone are the dearest of the whole - this I think applies to Brown Linen and that Class and to white under 40 cents I think they don't compare higher priced goods - If you "salt" your Invoices you pay duty on the extra price and get no benefit. Good state stocks are very dear and it is hard to buy them to give more than 5% - there are a great many railroad bonds upon which you can get 7c 8% and likely they are good but I can't at present "see through" them - The American almanack which William sent you last year gives much information about state debts etc. - money "on call" is worth 6 - 7% and 2 - 6 months paper 8 - 10% - exchequer - 9 1/2 - 10% you will oblige me by giving to your Mamma £25. and beg of her to be kind enough to send it to Enniskillen to my mother - I have requested William to credit H.R.T. with the amount in Dollars - I like the weather clear and cold - the snow has not been off the ground for a fortnight. I have not been to William's place for three weeks but go tomorrow for a day or two, he is in town every day encouraging the dry goods men to buy all his family well - I suppose you have heard that his son Willy is in the office, he is a very fine steady lad - with best love to your Mamma the little girls Sam & John and to your Uncles and my friends Johnny & William Alexander I remain your attached Cousin Mr Will R - Redmond P.S. In winter it will be for your interest to send your goods straight to New York - the City of Pittsburgh after a passage of 43 days, to Philuon lies at the Capes of the Delaware and the goods are not here, yet she arrived ten days ago, The City of Manchester has arrived at the Capes is icebound & when her goods will be here cant say - besides the Agents send goods by propeller to this city & not by the Sail, condensing the time and risque [risk?] of the sea - The difference of between £3 & 4 per ton for the goods you send by steam is so small that one would suppose you would prefer either the Cunard or Collins Ships 23rd Here is a copy of a telegraph I have just received New Orleans 21st January 1852 McDowell Mills & Co suspended today they owe Youngs two thousand dollars in open sales which is quite safe goods on hand transferred - H Williams I had hopes that the house would have weathered the storm, there having been at NOrleans [New Orleans?] a very reverse pressure in the money market at the end of last and beginning this year, which pressure had nearly passed over. As soon as the details be received by mail I will again write you - I enclose an extract from my letter of the 5th Inst. to my agent Mr. Williams referring to your interest which will show you that it has been watched up to the time I was at N.O. [New Orleans?] just two years how McDowell & Peck were good, no doubt their failure will show that the house has been doing business of a speculative character R R [Rowland Redmond?] [Addressed] William Young Esq. Fenaghy Cullybackey Ballymena |
