| Title: | R. Redmond, New York to William Young, Cullybackey |
|---|---|
| ID | 2232 |
| Collection | Irish Emigration Database |
| File | Redmond, Roland/23 |
| Year | 1877 |
| 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/62: Presented by W.L. Young Esq., The Old Rectory, Drewsteignton, Exeter,< Devon. |
| Archive | The Public Record Office, Northern Ireland |
| Doc. No. | 9011105 |
| Date | 16/11/1877 |
| Partial Date | |
| Doc. Type | EMG |
| Log | Action By Date Document added by B.W. 20:12:1993 |
| Word Count | 547 |
| Genre | |
| Note | |
| Transcript | New 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 himself. 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 #PAGE 2 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 |
