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Title: R. Redmond, New York to William Young, Cullybackey
CollectionIrish Emigration Database
FileRedmond, Roland/23
SenderRedmond, Roland
Sender Gendermale
Sender Occupationmerchant
Sender Religionunknown
OriginNYC, USA
DestinationCo. Antrim, N.Ireland
RecipientYoung, William
Recipient Gendermale
Relationshipcousins, business
SourceD 1364/I/62: Presented by W.L. Young Esq., The Old Rectory, Drewsteignton, Exeter,< Devon.
ArchiveThe Public Record Office, Northern Ireland
Doc. No.9011105
Partial Date
Doc. TypeEMG
LogAction By Date Document added by B.W. 20:12:1993
Word Count547
TranscriptNew York Nov 16th 1877

My dear Cousin Willie
Your letter of the
29th came yesterday and the answer
from the Florida man, which I
enclose, today. I had not supposed
that he would stay North so long
and had given up hoping for
a reply as Southerners are proverbial
for being lazy. I have written
him telling him that the owner
agrees with him in thinking
that values at the South are at
the lowest and that he has no
idea of sacrificing the plantation
of the present low prices. I ask
him to place me in a position
to have the taxes reduced, if they
are too high; also if the tenant
is paying a fair rent and as
he suggests that the place should
he sold in small parcels if he
can put me in communication
with an agent. He himself is
a merchant. I hear of excellent
standing and perhaps he may
try to turn an honest penny
I enclose a demand bill on
Morton Rose & Co London for £30. 1/10 [1s/10d?]
to cover the August + Nov interest
on Dr. Saunders $5000 N.Y. [New York?] Cities viz
@ 4.98 1/2 = $150 cy [currency?]. The Messrs. Kings
paid me $62 1/2 instead of $75 for
the August quarter through an
error and since handed me
$87.50 to cover the half years interest.
Please send me a receipt for it.
Mr Watson is a great loss to the
zinc as he gave it great thought
and much time - I do not know
what will be done with his stock
but as his family are left all
very well off I do not think
that they will force a sale of
it at the present time - He
left, they say five millions. I should

think this much exaggerated.
The Governments will rise and
fall with gold and I dont [don't?]
see that you can run much
risk in having the property put
in this shape - This of course
is leaving out of the question
the infamous Silver bill, which
amounts to repudiation.
I cannot believe that it will
pass, although every one is much
alarmed about the strength of
the party in Congress in favor
of it. As a matter of precaution
I bought some to cover sales
made in cy [currency?]. I paid 102 3/4
for it and it immediately
went to a half, this shows that
Wall St does not fear evil results
The pressure on the President is
so great that people fear that
he will not dare to veto the bill
or if he does that he will recommend
something to appease
the West in its stead, making
Silver a legal tender up to say
$50. But your financial paper
will give you all this.
I am beginning to feel rather
blue about business prospects
When I wrote the letter you speak
of, we were doing more and there
seemed to be a very marked improvement,
but latterly in linens
especially there seems to be no
bottom to prices, and I have
lost many sales. It comes chiefly
from the competition between the two
[Wirk?] houses. I am glad to hear
that you are so much improved.
Here we are all well. With much love
to you all believe me
Your afft [affectionate?] cousin
Roland Redmond