| Title: | Thos. W. Coskery, U.S.A. to W. J. C. Allen, Belfast. |
|---|---|
| ID | 700 |
| Collection | Irish Emigration Database |
| File | Coskery, Thomas W/8 |
| Year | 1873 |
| 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 1558/1/1/487: Papers of William John Campbell Allen Deposited by F. D. Campbell Allen. |
| Archive | The Public Record Office, N. Ireland. |
| Doc. No. | 9802146 |
| Date | 17/04/1873 |
| Partial Date | |
| Doc. Type | EMG |
| Log | Document added by LT, 04:02:98. |
| Word Count | 610 |
| Genre | |
| Note | |
| Transcript | Augusta 17 April 1873 W. J. C. Allen Esq Belfast Dear Sir I duly received your much esteemed favor of the 29th Ulto & note all its contents. While I thought you would feel somewhat interested in our Manufg [manufacturing?] interest and that the proposed financial operation would be a safe & profitable one for a large monied Institution like yours I felt at the same time that you would naturally shrink from an operation at so great a distance when all were comparative strangers to you, at least in a financial point & that it was more than probable your Charter or Copartnership agreement would debar the operation even if you were otherwise inclined all of which I suggested to our Mayor & financial committee when we were conversing on the subject of a loan instead of placing the Bonds on the market. A loan could be procured in N. York [New York?] but only at such a high rate of interest as would be nearly if not quite equally detrimental to the sale just at this time when money commands such enormous rates here it is at present worth 15 to 18% on first class paper, hence you will see it is only wonderful that 7% Bonds will readily command 85c. under the circumstances and if the credit of our City was not better than many larger cities our Bonds would not be so eagerly sought after. I am inclined to think our own citizens will take up all that will be necessary to issue as it will be a safe investment for them, though not so good for the city to be minus 15% on $250,000. You will please accept my sincere thanks for your prompt kind letter & excuse the present & former lengthy unprofitable epistles. I delivered your message to Mr Campbell and Mrs Giltenan yesterday and spent an hour conversing with them about Ireland and the Irish. Mr C. is still able to walk and ride out and seems as cheerful as he did ten years ago. I sent you a newspaper a few weeks ago which will give you some idea of how our 'Langley Mills' has progressed thus far, we expect to come up to 20% by & by and erect another mill if successful. I will send you a pamphlet in a few days intended for foreign capitalists who are not satisfied with 4 or 5% at home. Of course we dont expect to pay larger dividends that the "Ulster Bank" but you won't let any of us come in under that schedule. We are more liberal for we invite you and your colleagues and all mankind to come in with us and take all the stock you want. With kind regards to friend Blackwood , I remain Yours very truly Thos. [Thomas?] W. Coskery. P.S. The loss of the "Atlantic" was a melancholy affair, the details of which you are now familiar. The agents in Liverpool & officers on board have been greatly censured on this side and the Compy [Company?] has recd [received?] a severe blow from which I am very sorry as I felt a sort of national pride in the "White Star" line. But on returning in the "Baltic" I and all others could readily perceive that they had fallen off from the previous trips and were evidently disposed to to pursue a niggardly policy, so prominent did it appear to the Saloon passengers that many of us resolved to try some other line next time. The steerage passengers complained bitterly, whether justly or not I can't say. Some friends on that side should give the owners a hint. They are noble vessels but all things must be equal if they expect patronage long. J. W. C. |
