Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1869-02-12
No 6 Answer of Dr.. Sloan.

No. 6, Answer of Dr.. Sloan.
No. 7, Telegram to Swepson. Menden-
hall Il &c.
also herewith transmit the answer of
the Public Treasurer to said resolution.
JONATHAN WORTH.
new YORK CRY, Feb. I'd, 1866.
To HIS Erceiiescy, JONATHAN WoRTH,
Goreimr, IF North C1'oiina ::
DEAR SIR On looking into the matter
of cotton belongingtO the State, and which
had been shipped to our House, (Swepson,
Mcndenhall Co., 70 Pearl Street, L
learned that the account had all been rem
dcred, and full settlement made with DR..
Sloan, Public Treasurer, 3D. January ult.-
A statement was rendered of all received,
all sold and all that remained on hand III
sold, up to 9Th December, 1865, to DR..
Sloan, Public Treasurer, who cam on here
in company with Mr.. Jones, "a. J. Jones,
I believe and were making enquiry about
State Cotton on Doth December, 1866, sta
ting that they supposed the house had so. -e
6 or hundred bales. On being Informed
there was but a small lot here, 10 Or IL
bales, but that advices had been received OF
the shipment of some hundreds bales,
which were looked for daily; and while
bales, and DR.. Sloan directed II. Il. Sweep
son to lei Mr.. Jones have it at 33 cents.
Mr.. S. says he went out and had the
cot ton sampled and was offered Az for
it, and so told DIR. Sloan. The Dr.. still
told him to let Mr.. Jones have it at 80.
Swepson declined to do SO, and said that
he. DR.. Sloan, must take the responsibility
of doing so, if the cotton was sold for less
than Az.
Whereupon DR.. Sloan ordered the cotton
sold at 33 cents per pound, to A. J. Jones
& Co., and the same day, A. j. Jones Or
dered it sold and it was sold us per accep-
lance, herewith sent you at Az.
No money actually passed, until the latter
sale, when Dr.. Sloan, Agent for the State,
took the amount at 80 cents per pound ;
and MI. Jones, the difference between 30
and AL! cents per pound.
Comment is unnecessary, | trust you I'M
derstand the case.
I thought proper to advise You of the
facts, as I learn them here,
Mr.. G. W. SwepsOn informs me that he
had written Mr.. Gulick, Cashier, request
ing him to inform you of the sale of cotton
at 33 cents, was made by DR.. S. to Jones,
the facts he would give you on his return
to Raleigh, and requested him to mention
! it to You, but thought best to write you
directly on the subject, i'll all which, Mr..
G. W. Swepson joins me.
Yours truly,
CYRUS 2. MENDENnALL.
Statement of cotton belonging to the
State of North Carolina, which was sold by
Dr. Sloan, OF directed to be sold by him,
to A. J. Jones, Doth December, 1865, 40
bales in lot, 3 rejected as in bad order.
% weighing 1o,4 4a2 at 50. .... s3,d45 IS
IL " 1889 at 81. ..... 1916 81
Gross amount, ............------ So 62 SO
Same 81 bales sold same day
ON account A. ]. Jones & %.
Weight IL, 341 at AZ! gross. 1926 O.
EXECUTIVE OFFICE,
Raleigh, Feb. 9th, 1866.
Mr. G.. W. SwEpsoS, Ne'n York:
! DEAR SIR To-day [ received c. p.
nary transaction. I have taken no action
on it rs yet, but must 10 SO. I deem il
best, before acting, to have certificates
from your employees, who can speak from
| their own knowledge, fully explaining the
! transaction. c. p. Mcndenhall commune
Gates what he learns second hand from
them.
! \ large quantity of cotton (bcsides the
! 81 bales OH hand) seems to have been sold
by Dr. Sloan to \. J. Jonos, which had
| been shipped from Macon Ga, and which
had not arrived. Did this purchase money
pass through your hands? How many
bales were thus sold and at what price
Were the insurance, freight and other
charges paid by Jones
Let the statements be made by those
who know the facts, and let them be full
and clear
Yours, very respectfully,
JONATHAN WORTH.