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Title: Roland Redmond, Charleston to W. Young, Fenaghy.
CollectionIrish Emigration Database
FileRedmond, Roland/16
SenderRedmond, Roland
Sender Gendermale
Sender Occupationmerchant
Sender Religionunknown
OriginCharleston, S. Carolina, USA
DestinationCo. Antrim, N.Ireland
RecipientYoung, William
Recipient Gendermale
Relationshipcousins, business
SourceD 1364/I/40: Presented by W. L. Young Esq., The Old Rectory, Drewsteignton, Exeter, Devon.
ArchiveThe Public Record Office, Northern Ireland.
Doc. No.9011082
Partial Date
Doc. TypeEMG
LogAction By Date Document added by C.R., 10:12:1993.
Word Count1630
TranscriptMy dear Willy
I had my pen in hand
last week to write you and put it down
arguing that I would have a letter from you in
a day or two, and this morning I received
yours of the 22/24th ult: with the enclosures
and we may congratulate ourselves that
all came safely to hand for the envellop [envelope?]
was so rotten that it barely held together.
The contents of your note are certainly very
painful and I dont [don't?] wonder at your
demoralization and worry when you
contemplated almost realized the apparent
dire necessity of with drawing [withdrawing?] from the
Rd [Road?] House of last Robt [Robert?] Young. Ballymena.
The further [?] of my letter of last week would
have been this, for I have been thinking a
great deal about the New York business,
that I had made up my mind to suggest to
Roly [Roland?] when I returned to New York, at first
I thought of writing him some lines, to give up
his first floor & Cellars for less if finding
accommodation and take a larger "loft"
and thus have from $1500 to $2000 a year in rent.
for it is my impressions now that he has given
up the Fancy goods imports, that he can
Sell as largely of your specialities on a loft
as on the first floor- Roly [Roland?] has already
notified his Book Keeper [Book-Keeper?] a most worthy man
that he can't keep him after 1st May -
My impression is that he can sell of your
shirting linens & Hollands at least $300000
a year and most likely more - this would
include all his sales "at" [?] store and all
goods ordered by him & passing through his
hands, but not goods moved by him and
coming out direct to owners, which would be
somewhat more. Besides this I would have
consulted with Roly [Roland?] on the whole business
and balanced the chances of profit or loss and
endeavored [endeavoured?] to come to a reasonable conclusion
on the main point profit or loss, all this
I have never yet [really?] seriously considered.
Having hitherto merely argued that an
established trade Conducted [?] business should
on the average of years [?] be profitable
Roly [Roland?] writes me that you had on hand 10000

Ten thousand webs [?] on the 1st Feby [February?]: when
the sales of the previous year only amounted
to 7500 webs [?] and this too when you had been
written, and by me too, that trade was very bad and no
reasonable hopes of improvement and besides that a
change of fashion in the bosoms [?] of shirts had
diminished the Consumption more than a third! I must
say that I dont [don't?] comprehend this loose way
of doing the business, for I think that with
activity and strict watchfulness that you
ought to be able to keep all his numbors [numbers?]
full in New York with even less than one
half a years probable demand on hand
at one time - & what a tremendous saving
in interest!? I have I know growled
on this point before to all of you and I have
yet to receive a fair reasonable answer.
I think I might as well give you my notions
about the business before I had received your
letter just acknowledged, and these I intend to further
before Roly [Roland?], but now that I have read
your letter you must not regard them as
offering any opinion to you on the subject.
You will bear in mind too that I only write
about the N [New?] York business.
I cannot resist writing in my [--- --?] "sharp dark" [?]
style that I think Roly [Roland?] can sell you 100 000$
worth of your specialities in a year for the
storage [?] of seven years with profit. yet if I knew
the weak points in Billena [?] I might change
my opinion, and that there are serious weak
point s now seems certain for two years ago
as we walked towards the "White Rocks" you told
me that if you had the entire management "you
could make money" - one thing I may remark
the weight of the business in Billena [?] has been on your
head and being cautioned against your wife has
made you probably without realizing it
halfhearted in the management.
The "Equitable Trust' is a new concern I have not
heard anything about it. I know several of the names
names [sic] amongst the Directors and they are
very respectable. I do not know Mr Edward,
the chairman, will make inquiry about the
concern when I get to New York - one thing
if it was looked upon as a tip top concern there
would be no trouble in placing their 7% Bonds

at par in New York _ where A E Bonds can now only
be bought to give 6 to 6 1/4% _____
I am glad to hear such good accounts of the
Braidwater and of the Belfast nothing but
indifferent management can defeat either concern,
but the more prosperous concerns are the more
they want looking after - non paying [non-paying?] concerns
are always looked after when it is too late.
I am very anxious to get back to New York for
I am heartily tired of Charleston [--?] Thanks to fine
warm weather I am much better yet the cough
state lingers about me & I begin to fear that I
shall not shake it off altogether. I have given
up the Steam Engine Physic & the Doctor. My great
trouble now is that I am obliged to keep a fire in
my Room with the Thermometer at 70 to 75 to
dry my flannel which is wet twice a day and I
dare not trust any one to dry it for me I often think
think (sic) of James hot closet at Portrush and what
a comfort it would be had they such a one
here. I find I am the only one who airs his
under clothes, when mine come from the wash
they are very damp _ but twenty years ago I never
though of airing my clothes _ I find however many
of my friends Complaining of Rheumatism
I think you & Jane taught me the airing
business for which I now express my thanks
I suppose I ought to have done so before.
The Redmond family are all well. I wish they could
sell their country house it is far too expensive an
establishment for them to hold, they are anxious
to sell, but the thing is to get a purchaser
willing to pay for a fancy place. They live
very harmoniously together
My next I hope will be from New York, I hope
to leave here in about three weeks.
I am glad to hear that Jane and the children
continue well. Give my love to each of them.
Whatever you decide to do I trust it will be for the
best, but the trial is undoubtedly most painful
especially if you decide to withdraw. when you come to
a judgement you will feel better. always
Your letter is burned [--?] Very faithfully
W. Young Ever Rowland Redmond

14th I have reason to greatly fear that
the coupons one [won?] on 1st frot [front?] of the Mobile

& Ohio RR [Rail Road?] will not be paid, I may
know for certain in a day or two. This is a very
uncertain if not a "bad egg" and I must try
and get rid of them. The central RRoad [Rail Road?]
of Georgia stock which three years ago was
selling at 112 is now only worth 55 to 60
The Jany [January?] dividend was passed and so too will
the July ones - an investigating committee
have been examining for three months and I look
for the report in a few days. And [---?] Lord has
1800 shares - I have 121 - I forget if I have
told you that the Home [-----?] of New York
paid in Jany [January?] its usual 5% for the half year
and 20% in stock and the new and old
stock sells at 102!. I have pretty much
made up my mind that the South is actually
poorer than it was five years ago thir [their?]
shrinkages in personal property is very great
Real Estate Plantations and lands are
almost unsaleable and when sold at unheard
of low heinous prices. City property houses can [--?]
only find purchasers at fearfully low rates.
The reason of this or rather one of the causes is
the vile corrupt government in the states
Robbery of public money and terribly high
taxation. yet amidst all this some few have
made money but the means of the general
public has dwindled [----?]. The fact is that
no one realized the clean sweep that the war
made of the means of the south and for a few
years after the war it was thought the South
would recuperate rapidly, hence values were
moderately propped up. I do believe that
the bottom is now touched and there will
be improvement but very slow, South Carolina
has compromised its debt old as well as new
at 504 and says she will pay that. & holding of
the Bonds are accepting. North Carolina offers 404
on the old and 254 on the new, and no doubt other
states will follow suit. We have been eating
strauberries [strawberries?] grown in the open
air, for ten days, and quantities are being sent to
New York $2 a quart - It is said there are nearly 200
acres of strawberries cultivated close to the city.
nearly all of which goes north to the rich folks _
RR [Roland Redmond?]