Booth, E.S. Letter to David S. Kennedy. Tallahassee, Florida. January 2, 1842. Includes transcription

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Title:
Booth, E.S. Letter to David S. Kennedy. Tallahassee, Florida. January 2, 1842. Includes transcription
Physical Description:
Mixed Material
Creator:
Booth, E.S.
Publication Date:

Subjects

Subjects / Keywords:
Territorial Florida, 1821-1845
Lafayette, Marie Joseph Paul Roch Yves Gilbert de Motier, Marquie de, 1757-1834
Genre:
Spatial Coverage:
North America -- United States -- Florida -- Leon -- Tallahassee

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All applicable rights reserved by the source institution and holding location.
System ID:
AA00021316:00001

Full Text




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Tallahassee, Jan 2nd 1842



Dear Sir-

I wrote you on Saturday inclosing 5 drefts-Sunday having intervened

I have but little to comnunicate-A proposition wrs submitted to me today.

of the following nature- The Lafayette township was sold 9 years ago- on

10 years credit- due 1st Jany. 1844--- It is settled by some of the most

substantial men of the country- A list of their crops was exhibited

exceeding 3,000 bales- They will wish to raise in Jany. 1844 $70,000-

They calculate their joint crops will bring $60,000- They propose to

ship their whole crops to you or through me to your order- next fall-

and place you in possession of $60,000 worth of cotton- be fore any advance

is made if you will- at that time advance them $10,000 on their ..

crops to make up the $70,000- They again agreeing to ship their whole

crops- again- They would no doubt pay an acceptance in addition- The

amount of it is that you would in the two years get ,120,000 worth of

cotton without any actual advance of more than$10,000- and probably

secure their permanent shipments-- This proposition was the result of

a meeting of the inhabitants in the subject- The time is so far distant

that no immediate decision is necessary- though it is important to

secure the arrangement- A xaxB x xEgxx if it can be safely done

They are so situated- that no one can get titles till the whole is paid

I can only say- that I can pick out from them. three individuals to

whom an advance of one hundred thousand dollars would be safe- and if


they will unite in securing the $10,000. The arrangement would be higIly

favourable- I am still confident that arrangements might be made which




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would enable me to command this w',ole country- I shall have however

some difficulties to contend with- The Merchants have held a meeting

the object of which' was to operate against me- on account of their

exclusions from the management of the Bank. Some have refused to receive

my issues- avowedly on that ground. The farmers however, approve my

course- and talk of holding a meeting determining to give it the pre-

ference- and those merchants the preference who do receive it and things

will probably work right after a little- I don't know as far as a comnis

sion arrangement is concerned if it would not be desirable to widen the

breach with the merchants- provided it had the effect of uniting the

/
Farmers- It will not do to G c my own issues- at first- & I am much

in want of other funds to mix in, which I could easily command in Georgia

or South Carolina not knowing your feeling on the subject I am unwilling

to presume on your acceptance- beyond the amount in your hands although-

the remittance could certainly be made in two weeks after I received

them- Having announced my retirement from the commission business- I

am not attending much in that way- It is on the suggestion that I may

become your agent in an arrangement commanding your entire responsibility-

That the Lafayette proposition is made to me- If it should ever suit you

to become a partner in my many issues- and you should be willing to

discount any paper I would endorse- thereby interposing myself between

you andi ,Ap \ CA. we could on this footing operate to great advan-

tage- you could very easily satisfy yourself that a loss would hardly

be sustained to the amount of my responsibility- I expect my brother,

R. Booth of Petersburg, Va. to start to Florida in 2 or 3 weeks after


you receive this or perhaps sooner. He may perhaps G4 the draft-

I sent him in the purchase of Southern funds- I have also made arrange-




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ments to secure for him the office of Land Receiver- very important

to Banking operations- as its receipts moW' in specie while its

can generally be paid in currency lI w,** the whole matter to your

suggestions & desire to conform in 2-L"-L Lc. to them. ,. ,

sirni *. S. Booth

If no specie has beeni & you woulId be satisfied for my

brother to use my drafts on you at 90 days o) 4 mos. to raise $4 or

5,000 of Southern funds, as an independent 4 ... 1" it is certain

they could be met even with the same funds. It would not do to predicate

them on any funds. I may remit to you. for I may draw my from him

and any protest or difficulty now would be fatal to the whole business-

If we can get 01 and keep expenses this season S.' next I hope

all will be well--mo,.sin yrs. ESB Tone of my notes have yet 7