| Title: | John Bones, Augusta to Mr. Allen, Ireland |
|---|---|
| ID | 232 |
| Collection | Irish Emigration Database |
| File | Bones, John/26 |
| Year | 1860 |
| Sender | Bones, John |
| Sender Gender | male |
| Sender Occupation | cotton dealer |
| Sender Religion | unknown |
| Origin | Augusta, Georgia, USA |
| Destination | Belfast, N.Ireland |
| Recipient | Campbell Allen, William John |
| Recipient Gender | male |
| Relationship | friends, business |
| Source | D 1558/1/1/222: The papers of William John Campbell Allen, Deposited by the late F. D. Campbell Allen Esq., 15 London Road, Harrow-on-the-Hill, Middlesex. |
| Archive | The Public Record Office, N. Ireland |
| Doc. No. | 9905205 |
| Date | 01/08/1860 |
| Partial Date | |
| Doc. Type | EMG |
| Log | Document added by LT, 01:06:99. |
| Word Count | 506 |
| Genre | |
| Note | |
| Transcript | Garragh [Garvagh?] 1 Augt [August?] 1860 My dear Friend On my return last evening from Portrush, where we were during the last month, I had the pleasure of receiving your favor of yesterday. I observe your remarks respecting the smallness of the Circulation of the notes of the Bank of Augusta & compared with its cash assets at the time to which you allude. The circulation on the 1st of January was nearly a million of dollars. Soon after, in consequence of the advance in the rate of ex [exchange?] in Mobile and New Orleans our notes which were circulating in the So.[South?] Western States began to return upon us for redemption either in coin or New York funds, until it had come down to the amount mentioned in our Bank Statement. No increase of [monies?] can be expected until the opening of the cotton business season, as regard our deposits, we cannot rely much upon them to do business upon as with very few exceptions they seldom remain over a day or two. We get the principal part of our circulation through the Bank of Montgomery which has done a very profitable business for the Bank of Augusta ever since it was established. The latter Bank lends the former as much of its notes as it can use in purchasing Exchange on Mobile New Orleans & New York. On the maturity of the same the funds in the two former places are again invested in Exchange on N. [New?] York. The Bank of Augusta then received from the Bank of Montgomery its checks [cheques?] on New York to be placed at its credit It is almost impossible for the Bank of Augusta to get any circulation for its notes for paper discounted by it at home. In consequence of the eagerness of the other Banks in this place to get hold of each others notes for their weekly Settlements on tuesday the balances being paid in coin. I perceive that the Manager of the Royal Bank in Liverpool has committed suicide. I hope that it has not been done on account of any serious defalcation on his part. Should it happen to be a serious Acc. [account?] for the Bank I fear that it may injure some of our Southern Bill [drawers?]. I hardly think Judge Longstreet will visit Ireland before he returns home, but I do not know what his arrangements are in that respect. It is our intention to visit one of my Wifes' nieces who lives in Bandon some time during this month and return here via Belfast when I hope that we may be able to accept for a short time your kind invitation. Be pleased to present to Mrs Allen our very kind regards, also to your Uncle Campbell & family yrs [yours?] very sincerely John Bones My last advices from Augusta are to the 14th alt. The weather had been very warm. The thermometer as high sometimes as 100 in the shade. Hannah and her sister were then quite well. Would leave soon for Clarkeville. |
