Letter from Benjamin Jennings Seward to William Henry Seward, September 3, 1840
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Letter from Benjamin Jennings Seward to William Henry Seward, September 3, 1840
transcriber
Transcriber:spp:csh
student editorTranscriber:spp:srr
Distributor:Seward Family Digital Archive
Institution:University of Rochester
Repository:Rare Books and Special Collections
Date:1840-09-03
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Letter from Benjamin Jennings Seward to William Henry Seward, September 3, 1840
action: sent
sender: Benjamin Seward
Birth: 1793-08-23
Death: 1841-02-24
location: New York, NY
receiver: William Seward
Birth: 1801-05-16
Death: 1872-10-10
location: Albany, NY
transcription: csh
revision: crb 2017-07-05
<>
Page
1
Astor House
3 Sept. 1840
Dear Henry,
I have spent the morning
with Mr. Duer
your proposition to the Trust Co & the
declaration of trust, after your acquisi
tion of the Cook
In some things we expound these eve
papers very differently – and as he is an
older man than I am, & I think a little
dogmatical, I allow him to have his
own way of thinking. Particularly, he
is disposed to resist to the uttermost
an interpretation of these papers which
justifies the payments of monies out
of the land office on the Underwood
or Cook &M. estates in time past – or
calls for it, in time to come to liqui-
date encumbrances – & he insists upon
it, you are to meet these encumbrances.
I learn from Mr. Blatchford
he has sent your Bond & the trust
Page
2
agreement across to England: & from
Mr Duer, I observed an observation like
this, that if a loan should be made
by English gentlemen, as he expected, it
would be doubly necessary to keep our
accounts plain and simple.
He further remarked that he ex-
pected here next week (from Baltimore
I infer) a committee of examination
into the affairs of the Co. & he should
not be able to go to Chautauqua under
four weeks. – The examination there
I think has reference to the negotia-
tion abroard. He will certainly find
his notions about how the estate is
to be managed exceedingly crude, when
he comes to look into them; provided
he is practical enough to understand
them as they exist.
I am copying the papers &
brought with me before he will consent
to sign them – & even then I have my
doubts whether he will execute.
He says the Buffalo Bank owes
Page
3
the Co $5,000 – which they do not send –
& an application in the market – he was
unable to anticipate it – because as it
was alledged the Bank was in bad
credit – and he seems to think that
in case of accident, the Prospectors &
not the Trust Co would be the
losers – Here again we are at issue
but not in controversy.
I will write Cary
Your Grateful brother
B.J. Seward
Page
4
W. H. Seward Esq
Albany
STEAM
BOAT
Type: postmark
h
B.J. Seward
Sept 5. 1840
Astor House
3 Sept. 1840
Dear Henry,
I have spent the morning
with Mr. Duer
Birth: 1782-10-07 Death: 1858-08-08
– reading over & examiningyour proposition to the Trust Co & the
declaration of trust, after your acquisi
tion of the Cook
Birth: 1800-11-20 Death: 1866-10-16
& Maxwell
Birth: 1794-02-11 Death: 1856-11-22
& other estates,In some things we expound these eve
papers very differently – and as he is an
older man than I am, & I think a little
dogmatical, I allow him to have his
own way of thinking. Particularly, he
is disposed to resist to the uttermost
an interpretation of these papers which
justifies the payments of monies out
of the land office on the Underwood
Birth: 1797-03-07 Death: 1864-01-05
estate
or Cook &M. estates in time past – or
calls for it, in time to come to liqui-
date encumbrances – & he insists upon
it, you are to meet these encumbrances.
I learn from Mr. Blatchford
Birth: 1820-03-09 Death: 1893-07-07
thathe has sent your Bond & the trust
agreement across to England: & from
Mr Duer, I observed an observation like
this, that if a loan should be made
by English gentlemen, as he expected, it
would be doubly necessary to keep our
accounts plain and simple.
He further remarked that he ex-
pected here next week (from Baltimore
I infer) a committee of examination
into the affairs of the Co. & he should
not be able to go to Chautauqua under
four weeks. – The examination there
I think has reference to the negotia-
tion abroard. He will certainly find
his notions about how the estate is
to be managed exceedingly crude, when
he comes to look into them; provided
he is practical enough to understand
them as they exist.
I am copying the papers &
brought with me before he will consent
to sign them – & even then I have my
doubts whether he will execute.
He says the Buffalo Bank owes
the Co $5,000 – which they do not send –
& an application in the market – he was
unable to anticipate it – because as it
was alledged the Bank was in bad
credit – and he seems to think that
in case of accident, the Prospectors &
not the Trust Co would be the
losers – Here again we are at issue
but not in controversy.
I will write Cary
Birth: 1788 Death: 1863-06-22
–Your Grateful brother
B.J. Seward
W. H. Seward Esq
Albany
STEAM
BOAT
Stamp
h
Hand Shift
Birth: 1801-05-16 Death: 1872-10-10William Seward
Sept 5. 1840