| Title: | Thos. W. Coskery, U.S.A. to W. J. C. Allen, Belfast. |
|---|---|
| ID | 698 |
| Collection | Irish Emigration Database |
| File | Coskery, Thomas W/3 |
| Year | 1878 |
| Sender | Coskery, Thomas W. |
| Sender Gender | male |
| Sender Occupation | businessman |
| Sender Religion | unknown |
| Origin | Augusta, Georgia, USA |
| Destination | Belfast, N.Ireland |
| Recipient | Campbell Allen, William J. |
| Recipient Gender | male |
| Relationship | friends, business |
| Source | D 1558/1/1/762 : Papers of William John Campbell Allen Deposited by F. D. Campbell Allen. |
| Archive | The Public Record Office, N. Ireland. |
| Doc. No. | 9803088 |
| Date | 18/01/1878 |
| Partial Date | |
| Doc. Type | EMG |
| Log | Document added by LT, 26:02:98. |
| Word Count | 466 |
| Genre | |
| Note | |
| Transcript | Augusta Ga [Georgia?] 18 Jany 1878 W. J. C. Allen Esq Belfast My Dear Sir Your valued favour of 7 Dec. with a copy of your last annual report reached me Christmas eve for which remembrance please accept my sincere thanks The report is certainly a very creditable one and the stockholders have just reason to be proud of such a corporation and board of directors. I showed it to our mutual friend Mr Davison who appeared much interested and pleased at the idea of having two nephews "very fine lads" in the institution who may be the leading spirits of another generation among Belfast bankers. The Geo R Road & Bkg Co [Georgia Railroad and Banking Company?] has long been one of Johns pets and I often tease him and some other intimate members of the board for not making such dividends as you do. With our immense advantages, exempt from all taxation, and a million of surplus together with a uniform good business, yet never over 8% and often 7%. Our president is an "old fogy" about 84 years old, with a great deal of influence and the distribution of any dividend is to him like drawing teeth, he has always some new project on hand to absorb money when there is any expectation of over 7%. I am sorry you have not yet recovered from the crisis of 1873 and had supposed it would not affect you so seriously on that side of the Atlantic. We still fell it here and I fear the end is not yet, many large houses have been struggling under the pressure ever since and must ultimately succumb, and the sooner the better. We can have no real prosperity until confidence is restored and the rubbish removed. I had a letter recently from James Robinson stating that he had dissolved with Mr Gill and had gone into business on his own acct [account?] and that Mr Blackwood had kindly (in your absence) discounted some paper which he took in settlement to the amount of œ300 or a little under for which I cannot but feel grateful as he was a comparative stranger to you. I feel a deep interest in the young man and believe him to be industrious, competent and strictly reliable. Hence in case the makers of the paper should by any means fail to respond at maturity & it should put him to any inconvenience to protect the paper If you will so intimate to me I will cheerfully relieve him to that extent. I know by experience what young beginners have to contend with & while they act uprightly & economically and are disposed to help themselves by honest industry I always feel like encouraging them in moderation. With kind regards to your respected family & Misses Carr & B [Blackwood?] I am Dr [Dear?] Sir Yours Sincerely Thos [Thomas?] W. Coskery. |
