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Title: R. Redmond, New York to W. Young, Ballymena
CollectionIrish Emigration Database
FileRedmond, Roland/8
SenderRedmond, Roland
Sender Gendermale
Sender Occupationmerchant
Sender Religionunknown
OriginNYC, USA
DestinationCo. Antrim, N.Ireland
RecipientYoung, William
Recipient Gendermale
Relationshipcousins, business
SourceD 1364/I/75a: Presented by W. L. Young Esq., The Old Rectory, Drewsteignton, Exeter, Devon.
ArchivePublic Record Office, Northern Ireland
Doc. No.9011060
Partial Date
Doc. TypeEMG
LogAction By Date Document added by B.W. 20:12:1993
Word Count404
TranscriptNew York. May 6th 1880

Dear Cousin Willie
The master made
a report in the New Jersey
Zinc case a few days since
It had been promised from
month to month all winter
He takes two views of the evidence
taken on the Coys side and
and two on Nurses Taylors'
side and makes from calculations
of damages from
these four different ways of
looking at the case. He
makes us liable for from $350m
to $900000, $400m + $700m being
the other two sums. I was
astounded at the result as I
had always heard that we
had a good case. It appears
that the directors had secured
a proposition from Taylor of
a compromise and were
discovering it when the
Masters report came in. And
they there voted to accept
it. I enclose a copy
of it. The assets are
calculated to give us a
cash dividend of 60 cents
on the $ and we surrender
half our stock to the other
side. Yesterday they had some
6000 shares in favor of the
Compromise and it will
be passed without doubt
We voted for it as the
directors are tired of law and
prefer to settle and not carry
the case higher up, although
they say that would get
a much smaller penalty,
and say the Masters report
is outrageous. This is all
very fine but I am afraid
that Taylor has a much
better case than they (our people)
have ever given hin credit
for and I am glad to
get a settlement. They are
making money, the net earnings
having been
Nov. $ 12.926
Dec. 13.487
Jany [January?] 14.450
Feby [February?] 20.960
Mch [March?] 23.551
April's balance is not in but
it will be very good. With
the other side working with
us we should make large
Trade is dull; business has
been overdone and there is
a glut of all commodities
and prices have a downward
tendency for the present but
there will be a turn soon I
think. We have done
better this year up to the
present than in '79 but the
next 60 days may change
this. Emigrants are coming
from you [your?] side in enormous
quantities. Crops look well
and there are every where signs
of great prosperity. I enclose
a letter from Pilot which
explains itself. Please return it
all quite well. With love to you + all
of yours believe me Your afft [affectionate?] cousin
Roland Redmond