Letter from Benjamin Jennings Seward to William Henry Seward, December 18, 1839
xml:
Letter from Benjamin Jennings Seward to William Henry Seward, December 18,
1839
transcriber
Transcriber:spp:obm
student editorTranscriber:spp:msr
Distributor:Seward Family Digital Archive
Institution:University of Rochester
Repository:Rare Books and Special Collections
Date:1839-12-18
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Letter from Benjamin Jennings Seward to William Henry Seward, December 18, 1839
action: sent
sender: Benjamin Seward
Birth: 1793-08-23
Death: 1841-02-24
location: Westfield, NY
receiver: William Seward
Birth: 1801-05-16
Death: 1872-10-10
location: UnknownUnknown
transcription: obm
revision: tap 2017-03-28
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Page
1
Chautauqua Land Office
Westfield Dec 1839
Dear Henry
I am furnished by this mornings mail
with a copy of the agreement between Cook
and Van Ness
my last, I am able to say, now that the proposed sale
would be an entirely safe one for you & in no
degree impair the security of the Trust Company —
Cook & Maxwell propose to sell to Nelson
Van Ness 5,600 worth of the wild lands of this
County: one half of this amount, it seems is due to
Van Ness by Cook & Maxwell which is to be considered
a payment of so much — For the residue say $2800 —
Van Ness is to give his Bond; & to mortgage
of the lands purchased by him – so that the lien
of the Trust Company would be the same in regard
to its security — The Bond & Mortgage taken be Cook
& Maxwell from Van Ness, they would desire should
be passed over to you as a payment of so much
upon their Bond to you and for that reason
would have the obligation made directly to
Duer
(as I am told) which is not mentioned in the
agreement) lodge with us ten shares of the stock of
the Auburn & Syracuse Railroad $1.000 par value
Conditioned that it m ^a^ y at any time be sold;
and the proceeds applied on Van Ness Bond —
or in lieu of this, a Bond [ ad ]
Alternate Text: and Mortgage held to
be a good security for $900 all which if
Page
2
it be not strictly in accordance with the agreement
between Cook & M & yourself is agreeable to its spirit
and is I aprehend equal in regard to your interest
and more than equal in security to the trust Company
Yours as ever
BJ. Seward
P.S. The prices at which Cook & Maxwell agree to sell
to Van Ness are the same as those in their
purchase from the Land Office
h
describing Cook &
M – contract
with
Van Ness —
Chautauqua Land Office
Westfield Dec 1839
Dear Henry
I am furnished by this mornings mail
with a copy of the agreement between Cook
Birth: 1800-11-20 Death: 1866-10-16
& Maxwell
Birth: 1794-02-11 Death: 1856-11-22
and Van Ness
Birth: 1807-03-02 Death: 1895-11-10
—In addition to what I stated to you in my last, I am able to say, now that the proposed sale
would be an entirely safe one for you & in no
degree impair the security of the Trust Company —
Cook & Maxwell propose to sell to Nelson
Van Ness 5,600 worth of the wild lands of this
County: one half of this amount, it seems is due to
Van Ness by Cook & Maxwell which is to be considered
a payment of so much — For the residue say $2800 —
Van Ness is to give his Bond; & to mortgage
The charging of property by a debtor to a creditor as security for a debt, on the condition that it shall be returned on the payment of the debt within a certain period • Convey property to a creditor as security on a loan •
the whole of the lands purchased by him – so that the lien
of the Trust Company would be the same in regard
to its security — The Bond & Mortgage taken be Cook
& Maxwell from Van Ness, they would desire should
be passed over to you as a payment of so much
upon their Bond to you and for that reason
would have the obligation made directly to
Duer
Birth: 1782-10-07 Death: 1858-08-08
& others trustees and if need be
Nelson would (as I am told) which is not mentioned in the
agreement) lodge with us ten shares of the stock of
the Auburn & Syracuse Railroad $1.000 par value
Conditioned that it m ^a^ y at any time be sold;
and the proceeds applied on Van Ness Bond —
or in lieu of this, a Bond [ ad ]
Alternate Text
be a good security for $900 all which if
it be not strictly in accordance with the agreement
between Cook & M & yourself is agreeable to its spirit
and is I aprehend equal in regard to your interest
and more than equal in security to the trust Company
Yours as ever
BJ. Seward
P.S. The prices at which Cook & Maxwell agree to sell
to Van Ness are the same as those in their
purchase from the Land Office
h
Unknown
B.J.S. — Lettersdescribing Cook &
M – contract
with
Van Ness —