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Title: W. Redmond, New York to James Young, Ballymena.
CollectionIrish Emigration Database
FileRedmond, William/71
SenderRedmond, William
Sender Gendermale
Sender Occupationbusinessman
Sender Religionunknown
OriginNew York, USA
DestinationCo. Antrim, N.Ireland
RecipientYoung, James
Recipient Gendermale
SourceD 1364/I/5: Presented by W.L. Young Esq., The Old Rectory, Drewsteignton, Exeter, Devon.
ArchivePublic Record Office, Northern Ireland.
Doc. No.9011041
Partial Date
Doc. TypeEMG
LogAction By Date Document added by C.R., 02:12:1993.
Word Count694
TranscriptTo: James Young Esqre [esquire?]

New York 14th Octr [October?] 1836.

Dear James
Your letter of 12th Ult I
received yesterday. I had heard through Rowland of
poor little Jane's illness & was glad to hear from you
that she was better.
I was under the impression that I had
mentioned in my letter to you that I thought my absence
had caused me a loss or was likely to cost me $5000.
this I did not consider a very serious matter & I regret
to [?] that you [?] in it differently. It would be
a source of infinite satisfaction to me if you could
be satisfied that every dollar in my hands will
be as quickly as I can turn it into money &
placed in yours. - that is as quickly as it can be done
without my paying too dearly for it
as I cannot nor will not pay among all my
Commissions in usurious Interest. I have never yet
paid more than legal interest & will not pay it.
I have received from you since 1st Jany [January?]
including the [previous?] ten Boxes on board the Echo
to Land to day 64.702:9.6. I have remitted
you since then 38000 & have placed at your
disposal 10000 min [minimum?] by credit in
Thos [Thomas?] Wilson & Coy [Company?] which must cover
when you draw on them for it. From the [?] Cys [Company's]
I have red [received?] in your account $40.791.66 & I
shall owe you probably $14000 for burnt Goods;
less bal [balance?] as your debit with me on 31st Decr
[December?] last say $4.965.22 Now I will venture to say that
not a House in the City that ever had your
goods placed [?] in funds in proportion
to the business better than this & you [now had?]
an agent who has had your business when
money was half so difficult to procure. I may
say that the Banks no longer discount I keep
account with four & my whole discts [discounts?] are not
twenty thousand Dollars from all of them. I was
unfortunate enough to lose most of my Capital
last year but I am rapidly regaining it. There
is now at the Credit of Commission a/c [account?] $15.966
there has been one bad debt made of $1171.74
Mr Macfarlane will [owe me?] from four to
five thousand Dollars which he states that
he will have means to pay. There is nothing
in this to create alarm nor to [?], in the loss of
ten times the amount by me but as you feel, I am
glad that you have determined to curtail
your shipments as in the present state of the
money market (with 2 1/2 & 3 1/2 per ct [cent?] a month)
it is unpleasant to feel the necessity of
making remittances.
So soon as I
know that you have used my Credit on Messrs
[?] Wilson & Co [Company?] for 10.000 I will send you
another Credit - this is the cheapest way
that I can remit & better than paying
for bills h[?], paying for them with paper.
I have been proposing [?]ules [P--tul?]
stuffs thinking
that they could be replaced but
shall now hold for higher prices & to keep
something to supply my customers. I send
by this packet stock in St[?]
I am Dear James
Yours truly
William Redmond

N.B. I have made up the Sterling cost of the Goods
in St[?] as you will see by the letter to the House
amts [amounts?] to 27.443.6. Now were I to fail to morrow
how could you lose anything for you would be in
my debt & not I in yours. The Goods on hand
of course belong to you & would not go into my
Estate by the law of this State. I merely state
this is to show you how groundless your fears are
about the safety of your property. If your object has
been to urge me to remit I can only say that I do so as far
as I dare for my own safety here for as I have already mentioned
to you I cannot depend upon the Banks for discts [discounts?] WR