| Title: | [C. Young?], Upper Wyche, Malvern, to Mrs. Smyth re Sale of Land. |
|---|---|
| ID | 424 |
| Collection | Irish Emigration Database |
| File | C. Victor/26 |
| Year | 1910 |
| Sender | C. Victor |
| Sender Gender | male |
| Sender Occupation | solicitor |
| Sender Religion | unknown |
| Origin | Upper Wyche, Malvern, Worcerstershire, England |
| Destination | New Orleans, Lousiana, USA |
| Recipient | Mrs Smyth |
| Recipient Gender | female |
| Relationship | business |
| Source | Copyright Retained by Brendan O'Reilly, O'Reily's Bar & Restaurant, Main St., Dromara, Co. Down. |
| Archive | Original Held by Above Donor. |
| Doc. No. | 9806880 |
| Date | 9/6/1910 |
| Partial Date | |
| Doc. Type | LET |
| Log | Document added by LT, 25:06:98. |
| Word Count | 685 |
| Genre | |
| Note | |
| Transcript | Telephone No. 8 Colwall UPPER WYCHE, MALVERN. 9th. June 1910. Dear Mrs. Smyth, I have now had the opportunity of looking into the matter of the land. First of all it seems to me that with Mr. Albert Baldwin and Mr. G. Lemle on the spot you should be in quite good hands, and my first suggestion as to approaching a London lawyer offers many difficulties, and on the whole is undesirable. As I understand it the specific charges upon the property are as follows : - Byrnes and McCann, heirs, œ6,400 Late lawyer's fees as agreed, 1,000 Dr. Smyth, 200 ----- making a total of œ7,600 Now I think you ought to be perfectly clear that this is a definite charge and what Interest is chargeable on it and also what length of notice has already been given you as to repayment of this total sum then it is important that you should at once ascertain when such notice expires. I think I am clear that any sum in excess of œ7,600 which may be obtained is to be divided into thirds, one-third is to go to your present lawyers, Mr. Lemle and the Messrs. Wall and Armstrong, the remaining two-thirds to come to you, and I note that on a sale basis of œ10,000 the lawyers one-third share would be œ800, leaving a balance to come to you of œ1,600. Now what you want to be quite clear about first of all is your position with regard to the charges upon the property, that is to say, whether you have an indefinite period before you are called upon to pay this back. If so it obviously gives you time to think the matter out carefully, but will you now consider in your own mind the advantages, if any, contained in the following queries : - (1) Would the present lawyers accept the sum of œ800 now in full discharge of all claims in respect of their services, and if so is there any possibility – having regard to the fact of the present value of the property not being less than œ10,000, - of raising this sum and making a Consolidated Mortgage of œ8,400. (2) Again would it be possible to sell off a portion of the whole, say the fifteen squares that are situated on high ground, and to which Mr. Lemle refers in his letter of 3rd December last? If you could, by this sale, realise a sum of between œ9,000 and œ10,000 you would be able to square off everybody, and the residue of the property would be absolutely unencumbered and might await development. (3) Again assuming No.2 not to be feasible would it be well to write in reply to your present offer of œ10,000 that you refuse this offer, but give them to understand that a firm offer of œ20,000 might be favourably considered. (4) Would it not be wise to ascertain if the publicity consequent on an Auction would be desirable, and if so you ought to be clear as to what terms could be made with the Auctioneers as to payment in the event of no sale. (5) Again if it is found impossible to arrange with the lawyers on the basis suggested in Query No.1 would it be possible to get them to agree that their one-third share shall not be in excess of œ1,000. If there is any possibility of obtaining œ20,000 for the property it is obviously to your advantage to endeavour to arrange something on these lines, otherwise on a œ20,000 sale the share of these gentlemen will be some œ4,000. I hope the foregoing may be of some assistance to you. For the present I will retain the letter from Mr. Lemle dated the 3rd of December, 1909, and the letter from Mr. Baldwin dated the 10th of May, 1910. If you require these you have only to say so and I will send them to you at once. I also retain the two plans of New Orleans, which you gave me. Yours Sincerely [C. Young?] P.S. Let me know how you get on and with kind thoughts to you both. [C.Y.?] |
