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Title: Edward King, New York to Rowland Redmond, London.
CollectionIrish Emigration Database
Fileking, edward/10
SenderKing, Edward
Sender Gendermale
Sender Occupationstockbroker
Sender Religionunknown
OriginNew York, USA
DestinationLondon, England
RecipientRedmond, Rowland
Recipient Gendermale
SourceD 1364/I/21: Presented by W.L. Young Esq., The Old Rectory, Drewsteignton, Exeter, Devon.
ArchiveThe Public Record Office, Northern Ireland.
Doc. No.9011062
Partial Date
Doc. TypeEMG
LogAction By Date Document added by B.W. 17:01:1993
Word Count772
Transcript4 Hanover St [Street?] New York
March 12th 1866
Rowland Redmond Esq
Care of Mess[Messrs?] Brown Shipley Co.

My dear Sir
You will think I have taken a long time to answer
your kind letter of 31 Jany [Janurary?] the fact is since we
moved the stock exchange Some 3 or 4 months ago into our new
building in Broad St. [Street?] the Board has increased the
number of daily sessions, so that when I get back to my
office at 4 pm I generally feel pretty well used up &
consequently disinclined to do any thing more than I can
possibly help. If all there [their?] sessions only brought in
a corresponding ammount of business I would not mind but
commission business has been very dull for several months -
as for "[linen?]" the market has been a very difficult one
cooperate in principally cliques, so that one has to do a
good deal of fishing without much result _ nibbles
frequently proving only 'nibbles' _ Taxes on the other hand
are disgusting. There I have had my growl, so will go on to
something else!
I enclose your accounts made up to 1 [st?] nov 65 -
showing a Ballance at your credit of $41948.70
and a debit of a/c [account?] W.S.R [?] of $20340.76 -.
On 1 [st?] nov. I credited the latter a/c [account?] for
100Shs [Shares?] Chicago [___?] for which I sold at 106 _
thinking I was doing you a service in making the profit
thereon [thereupon?] - it continued dull for some time &
lately took a jump up to about 120 - on the strength of a
big dividend. Today it still rules at 116 @ 118 Meanwhile

I undertook cooperate in a hundred shares of [lanten?] for
you, in special information that it was likely to advance
materially - I made a few turns when the confounded thing
became dull - the result is I hold 100 Shs[Shares?] for the
a/c [account?] which hand in about 41 1/4 - the present price
is 43 3/4 @ 44 - I am still assured that it is going up and
in that hope am holding on. On regard to your Mariposa - I
was strongly advised to hold on to it & believing a good deal
in obituialley [habitually?] maintaining one position until
events & time bring out a good result. I have followed the
advice _ The Coy [Company?] issued a Preference stock to
such holders of the old stock as would pay in $5 per share &
agreed to recieve payment in a scrip's which they issued to
the Bondholders in exchange for unpaid [-------?] coupons –

I [----?] [bought?] $1000 Scrip's at 80- which enabled me to
convert your common stock into P'f'd [preferred?] at a difference of $4
per share instead of $5 - and have since then sold your
preferred stock [----?] [bought?] back the common at a
difference exceeding $5 per share - this operation I have
repeated once or twice, so that it has diminished the cost of
the stock one or two per cent - you now hold 200 shares of
that common stock - I confess it is very annoying to have it
continue so low - so dull - My information came from an
excillent [excellent?] source - who still feels very
confident of one day obtaining at least 30 for the common
stock - but hope deferred is rather more than no hope at all.
Still the new processes for obtaining the gold from the ore
are highly spoken of I ought to produce a good result. Some
of the Colerado [Colorado?] gold Coys [Companies?] have
advanced materially in price in concequence [consequence?] I
cannot help thinking that Mariposa must yet have its twice.
Mr Wm [William?] Redmond has paid in
sundry amounts to your credit - your a/cs [accounts?] stand
today $8547.82 at debit of a/c [account?] W.F.R.
$47138.73 . credit of your own a/c [account?] - -
I had hoped to have made your a/c [account?] more active - but
our stock market has been a declining one - and I do not make
a good "Bear"- All my instincts & courage are the other way.
The only comfort I can give you therefore is that I have not
let you in to any "good thing" or lost you any money for you
- and am in so far at least better than the man with "one
talent" that you will recieve your own if not with using at
least with 0% interest at your coming - I am delighted to
hear that this will take place in May - and shall hope to
welcome you back with