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Title: Thos. W. Coskery, U.S.A. to W. J. C. Allen, Belfast.
CollectionIrish Emigration Database
FileCoskery, Thomas W/3
SenderCoskery, Thomas W.
Sender Gendermale
Sender Occupationbusinessman
Sender Religionunknown
OriginAugusta, Georgia, USA
DestinationBelfast, N.Ireland
RecipientCampbell Allen, William J.
Recipient Gendermale
Relationshipfriends, business
SourceD 1558/1/1/762 : Papers of William John Campbell Allen Deposited by F. D. Campbell Allen.
ArchiveThe Public Record Office, N. Ireland.
Doc. No.9803088
Partial Date
Doc. TypeEMG
LogDocument added by LT, 26:02:98.
Word Count466
TranscriptAugusta Ga [Georgia?] 18 Jany 1878

W. J. C. Allen Esq

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.