|Title:||T. W. Coskery, U.S.A. to W. J. C. Allen, Belfast.|
|Collection||Irish Emigration Database|
|File||Coskery, Thomas W/33|
|Sender||Coskery, Thomas W.|
|Origin||Augusta, Georgia, USA|
|Recipient||Campbell Allen, William J.|
|Source||D 1558/1/1/505: Papers of William John Campbell Allen Deposited by F.D. Campbell Allen.|
|Archive||The Public Record Office, N. Ireland.|
|Log||Document added by LT, 04:02:98.|
|Transcript||Augusta 18th Nov 1873|
W. J. C. Allen Esq
My Dear Sir
It affords me great pleasure
to acknowledge receipt of your valued favor of 27th ult.
together with the Ulster Bank statement alluded to which you
and all its officers may well be proud.
I wish we had a few such Institutions on this side and I
think such men as Messrs Carr & Blackwood deserve promotion.
You acted wisely in showing a disposition to retain such men
and the men advance in a pecuniary point, which though doubtless
appreciated, is nothing compared to the effect it otherwise
has on any faithful officer by way of convincing him that his
service is appreciated. I am truly glad to learn from Mr
Carr's letter of 29th Sept that his Georgia coupons have
been paid and you might say to him that I have the utmost
confidence that Georgia will never repudiate her just
liabilities, our people have some state pride and it was
mortifying to us to repudiate spurious issues in order to
protect such men as Mr Carr and others who hold genuine
issues, though the State has ample resources to meet all
in time, yet she well nigh being ruined, hence the delay
in meeting the interest promptly. We are all right now
after we get over the present panic which is gradually
disappearing without any failure in this section and we
have a large crop of cotton which will bring greenbacks
if there be any in the country. Strange to say all
our Banks suspended for want of currency but are nevertheless
in sound condition, so far as Augusta is concerned, and have
resumed after only a few days suspension. We at the South
think our National Bank system a failure & want to go back
to the old system but that won't suit "Uncle Sam" yet
awhile. Well we must just take care of ourselves as
best we can until the Democracy gets in power, then we
will work more after your fashion on that side. Our National
Bk [Bank?] system is no doubt a humbug and but for the
present high rate of interest here would not survive long.
You think 7% a high rate, here 15 to 20% is common for
first class paper, since the usury law has been repealed
which depresses all 7% securities for the present, but the
panic is subsiding and Augusta will come out right side up.
Mr. Bryson's family & all your friends here are well and
many of them with my Brother desire to be kindly remembered to
Wm. [William?] Bryson is not dissipated as you might infer
from my last but simply unfortunate in his business transactions
since he has not his father to look up to and the family thought
it best that Mr Bailie should administer alone lest the Estate
might become complicated with William's misfortunes. Wm.
[William?] is a fine looking fellow and has a nice little family
but seems to have lost energy & is rather desponding. Mrs Wm.
[William?] Bryson looks remarkably well for her age and John
Davison is the same "old two & sixpence", plenty of money and nothing to
do. But you will grow weary with my long epistles so I must close
with kind regards to Messrs. Carr & Blackwood & your own family
I am dear Sir, Yours very truly
Thos. [Thomas?] W. Coskery.