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    • Barnes, John
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    • Madison Presidency

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Documents filtered by: Author="Barnes, John" AND Period="Madison Presidency"
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The proposition and statem ts required is founded on the presumed sale of $8000. Penn a Bank Stock, producing 10 pC t paid half yearly—(of increasing Value) and Curr t price say, 40 pC t above par—and if so disposed of — And the Net proceeds invested in the New Loan Certificates—supposed to be Created—at 88 for every 100 dolls, bearing 6 per Cent paid quarterly—If this is Correctly the...
since my letter of the 4 th Ins t inclosing a sketch on the difference between continuing G K’ s $8,000. Penn a Bank stock, with its being made sale of a 40 ⅌C t and converted into the New Loan, a 88 for $100—bearing 8 ⅌C t
I had this morning the pleasure of Presenting— your letter of the 22 d Ult o with the inclosed (herewith returned you) to Gen l Armstrong —and—withal tendered to him—your many thanks, for his politeness— in receiving paying, & forwarding the Articles therein mentioned—it had escaped his recollection, inquiring After your health & a beged I would tender to you his most respectfull good wishes...
Your much Esteem’ed, very Particular and interresting fav r of the 25 h Ult o recd by Yesterdays Mail—has been Attentively perused— Yr reasoning and determination fully conclusive—the Confidential deposit, of an Absent friend—wholly dependent on your Judgement, for the saf e ty of his property do not admit (at these eventfull times) even the shadow of a Risque—less then Goverment security. I...
since the close of my letter & deposit in the post Office— I waited on the Cash r of Bank of Columbia —for information respecting Subsc r ibing to the loan—he informed me—this being the last day for receiving Offer, & terms— he was then preparing his— an in order to wait on the Sect y of the Treasury .—he had two distinct offers to make—viz a 85½ & 88; and lest a further delay might protract...
M r Taylors unfavorable Acc t ⅌ last Evening Mail, says— “Bank stock, in general is falling Considerably. ” —that he sold—yesterday Penn a Bank stock a 135 ⅌ Ct. Own Owing to the Rumour of Peace—as well the demand for Cash—Subscribers to the New Loan— that the Certificates with a regular power of Atty—will be requiset to make the Sale— that Bills on France cannot be depend d
My two last to you, were of the 2 d and 13 th —I am Anxiously waiting your power of Atty—Accompanied with the two Certificates—for the 20 Shares of Penn a Bank Stock— without which, I am unable to proceed a Step further, then to provide for the $2500—the first paym t to be made, 25 th Ins t . for this purpose I was Compell’d—to ask the fav r of a friend—to indorse (for my Note of $1480
Your very Acceptable fav r of the 8 th with its several inclosures, came safe to hand 21 Ins t viz The two Certificates of the 20 shares of P. B. Stock with power of Att y and duplicate thereof, as well yr letters to the Sect y of State & Treasury ,—sealed & presented yesterday—with Assurances that soon as the Momentous Crisis of
That you may form a pretty Correct idea of the prospect I had in View in effecting a Sale of the 20 shares Penn a Bank stock I inclose for y r Perusal M r Taylors last letter recd 26 th Ult o a few days prior to my departure for Philad a where I arrived the 1 st
Anxious to expedite a Remittance to Gen l Kosciusko —I have en g aged a sett of ex—(expected soon to be at par) a 7½ ⅌ Cent under—Am t £400 ster g as you will perceive by the inclosed statem t &c a as I have great expectations being able to convey my Letter &c—thro the hands of M r Nourse