| Title: | Rowland Redmond, [New York?] to [Will Young?], [Ballymena?], [Co. Antrim?]. |
|---|---|
| ID | 2212 |
| Collection | Irish Emigration Database |
| File | Redmond, Roland/2 |
| Year | 1857 |
| 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 | D 1364/I/11: Presented by W.L. Young Esq., The Old Rectory, Drewsteignton, Exeter, Devon |
| Archive | The Public Record Office, Northern Ireland. |
| Doc. No. | 95010156 |
| Date | 11/01/1857 |
| Partial Date | |
| Doc. Type | EMG |
| Log | Document added by LT/JW, 18:01:1995. |
| Word Count | 1030 |
| Genre | |
| Note | |
| Transcript | No 7 Grammerey Park 11 Jany 1857 My dear Willie Being a little "under the weather" from a cold I have returned early to my lodgings from the club from dinner and I devote a part of the night to write you and acknowledge your notes of the 3rd & 24th ulto: We have tried our best to get young armstrong some employment but so far without success, and it grieves me when I see him Come in to the office, that I have nothing but hope for him. Poor fellow, for I have a good opinion of him, he is so much discouraged that he thought of returning home by the Battie on Saturday, but I told him emphatically that he must not despond, but "stick to the ship", for some- thing must "turn up" by & by, something would have "turned up long ago but for the destressing [distressing?] times, Before he came out Watson wanted a youngster & would have taken him, but the time came, and Watson instead of enclosing is disposed to diminish his expenses. I have no fear but that he will obtain a distinction & I trust one very long. What you say of [-----?] affairs is far better than I expected or than any one here expects, He will be able to settle his business debts no doubt, but his stock deficiencies will remain. I heard word [?] that his deficiencies on stocks were immense. I mentioned the idea which I heard, that he had made a "[-----?] in Reading", to my informant / a large stock [----?] / He said it could not be, & then mentioned the stock deficiencies deficiencies. However I keep to myself not only what you wrote but what the stock Broker says B- You all wonder I find that I have not plunged on to Reading I have just made an a/current of 1000 [shares?] supposed purchased the day of my arrival 27th novbr: there it is - 1000 shares cost 52/2 ............$26250:00 1/8 % Brokerage ............ 125:00 __________ $26375:00 45% to 11 Jany at 6% ............ 198:00 loss in exchange 1% ............ 263:00 __________ tot............$26,836:00 1000 sold today at 58% - the cash price $29250 less 1/8% Brokerage ........... 125 29125:00 Profit $2299:00 ________ and I should have been obliged to sell the stock today remit you so as to keep you, in time, free of cash advance. The difference for my Bills on Ireland and the class of Bills I would only take would be at least 1% - such is the Exchange market here. And my bills on you are better to my taste than any I could buy. Now I want to know from you all if a profit of less than 500 pounds between us is temptation enough to run the risk of the market and the risk of remittance, The Reading loan drags at 65.70. what can be the end of each business. [--ing?] 100 for 70 & paying 6% in 100 $ nothing can stand it. My belief is that almost every R Road in the country will sooner or later, be litigated into the hands of the Bond Holders. It seems to me that the business of the fellows about R Roads is to concoct traps, & as soon as one trap catches they cast about to set another, no R Road in the Country was ever begun & scarcely one carried on but with a desire, determination, to cheat. some plan laid to palm off the scheme on the public, & let the Plotters out with immense profits. I am thoroughly disgusted at the same time I fully believe that had the R Roads [railroads?] been honestly administered they would have paid, for I believe in the principle. You will see that the La [-----?] bonds have risen with very small sales from 30.41 - I am afraid that they are simulated sales. Its a bad concern and if the loss was not so great I would set one but, if I could, I feel that I ought to sell. There has been a rise of 5.7 % last few days in the [---?] state stocks and they are still reasonable for a man for investment. I expect to see your [-------?] after There is a great scarcity of a Mercantile [?] paper & at the moment there is not likely to be an increase, so Capitalists are buying the state stocks, and they are right I think. Money is likely to be 3% with you before than left there will be a glut of money bookings for safety and it wont be able to find it out of the funds, people are likely to go from one extreme to the other. Three or four large auction [b---?] of buy goods this week & I am curious to know exactly how they will [-----?] I should think that importations will be greatly curtailed this evening which will enable holders to sell old stocks and owners of them will have to submit to large losses, we must wait & see how the spring business will go I am afraid that the auctioneers will have much to do, The large sale William gave you per last packet was to Davies & Jones & I think he would like to sell to other equally good houses as much on same terms, I am going south on saturday I hope I may get some cotton reasonable, yet the late I am expected here in Lpool is against me, however I have nothing to do here & I dont like the climate. You dont mention [----?] in your last note, its a good sign I hope she is quite well. your mother & the girls would be great disappointed at missing sabina. Yours affectionately son Rowland Redmond William will tell you that the Troy [?] & Bennington did not pay on 1st Inst: the leaving of the Bond makes principal & Interest one or non payment of either & William has written to Troy [?], thanking the exaction of his rights. We will see what reply to the threat. |
