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Documents filtered by: Recipient="Wolcott, Oliver, Jr."
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I have just received your letter of the 6th. The idea of selling Bank Stock is the worst of all & can only be urged on a plan of private speculation. Acquiescence may tempt the Bank to oppress hereafter for speculation purposes. I have talked to some Directors of the Bank of New York conformably to your first suggestion, respecting the deposit of Stock & it will not be expedient to change...
The application for a loan from the Bank of New York though powerfully supported by some of the leading directors labours; owing to the jealousy & narrowness of certain ones who see in it a plan to increase the active capital of the Branch Bank & put them in its power. Unluckily the President suddenly went off to R Island with his wife & some sick Children. I pursue the affair & I hope still...
I have not lost sight of the negotiation with the Bank though it labours & I have thought it best to let it lie bye till the President returns. Mc.Cormick is violent against it & plays on little jealousies, & what is still more efficacious private interests; representing the consequent inability of the Bank to accommodate the Merchants, many of whom from the unfortunate issue of some late...
I had written you a short line previous to the Receipt of your letter of the 26th to which indeed I can add nothing material. It will, as things stand, be imprudent to push the point of a further loan till the President arrives —for though a majority of the Directors are well disposed to the thing, they are afraid of McCormick’s clamours and want the sanction of the President to controul &...
Private Mr Dandridge having rejoined my family again, preceeds me to Philadelphia, in order to bring up, & facilitate my Recording. He will ease you of the trouble of supplying Mr Kitts weekly calls, by placing the money you have receivd on my private account, in his hands, & furnishing him with more, if necessary, on account of my compensation as formerly. With very great esteem & regard I am...
I have received your letter of the 1st. I deplore the picture it gives and henceforth wish to forget there is a Bank or a Treasury in the U States, though I shall not forget my regard to individuals. I do not see one argument in any possible shape of the thing for the sale of Bank Stock or against that of the other stock, which does not apply vice versa & I shall consider it as one of the most...
The Bank of New York is willing to make the loan of 324 000 Dollars to you (I mean the exact sum of about this amount, if you desire it, which one of the laws you mentioned authorises to borrow) on these terms to advance all but two hundred thousand Dollars when you please—to advance the two hundred thousand Dollars, by way of reloan, when that sum, payable in October, becomes due. The term of...
Private Your letter of the 3d Instant did not get to my hands until the 8th. I most assuredly wrote the letter mentioned in my last; but I find it is no uncommon thing for my letters to miscarry. The originals to Genl Pi[n]ckney, of the —— Ulto (one of which containing 300 dollrs. in Bank notes for the Sufferers by fire in Charleston) had not been received by that Gentleman on the 26th of that...
My Wants are So numerous and my means of Supplying them So moderate, that I am obliged to ask the favour of you, to direct a Post note to be Sent me for a Quarters Salary, as Soon after the fourth of September as possible. Mr Meredith at your Desire was So good as to Send me a Note for the last Quarter in good Season. We have the most tranquil Summer and most plentiful Season I ever knew. With...
Enclosed is the name, and description of the Girl I mentioned to you last night. She has been the particular attendent on Mrs Washington since she was ten years old; and was handy & useful to her, being a perfect Mistress of her needle. We have heard that she was seen in New York by some one who knew her, directly after she went off. And since by Miss Langden, in Portsmouth; who meeting her...