The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1881-03-15
sUPPLENENuT TO7THEc
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OrrrcR or L. p. BAYNE q Co.,
"a Broad Street, New York City.

OrYrcr or 1. r. BAYxE q Co,
"a Broad Street, New York City
HoS. GEO. r. RASEY,
AHornss. General State Of Florida;
DEAR S-In response to your Of weeks since
making INQUIRY as to our dealings with the State of Foda
relative Of bonds Of 1885, 1859 and 1875 espe
tally the latter ISSUE win gladly give you full state
ment of entire connection with the matter But in the
first place. beg say you had transactions any
kind with the State Of Florida relative to the SAID
bonds of and and had account with or claim
against the State that dealings entirely with zen
M s. Ltefed individually and President OF the J r
r. Co., and we the agents of the State in dis
posing of her bonds of 1873 or any portion of them In
March, $780, General NJ s. Ltle6eld entered into agree
ment with Mr. Bayne sum o. money
cues then control See copy of contract hereto
annexed marked Exhibit ~
2sh $780, between M Lttefed, in person. and as
President Jacksonville Pensacola and Mobile Railroad
Company the State of Florida also representing the major
ty interest the Tallahassee Railroad Company and in the
Florida Central Railroad Company together with the branches
the same extending into the states OF Georgia ana
party of the first part and L. Bayne party OF the second
part. !. -.
roads, the said companies require large OF money which
be obtained by negotiating oan by sales of their
obligations other securities including bonds of the State
Florida and whereas for eecng said loans and Sales and
for their other financial business agent OF the party OF the
first part and of said companies needed in New York
"Now therefore, the party of the first part for himself
and for said Railroad Companies doth agree with party
the second part that he shall be- and he hereby made and
appointed exclusive financial agent Of said party OF first
behalf of said companies for the purposes above stated
and such agent he shall have entire and absolute control OF
the negotiations sales loans of upon Of said ecur
bonds which shall be issued for the benefit of either OF
said Railroad Companies, and in person or through
| ,~~ his firm of L. r. Bayne q Co., said agent shall
STAMP attend in New York to all the financial business Of
49, said party of the first part on behalf Of said COM
| panies"
In consideration Of said agreement said party the second
part agrees make advance forthwith to said party of the
porary negotiated upon certain securities of said compa
Mes to be placed collateral by said party of the first
part in the hands of the party of the second part
Said party Of the second part also agrees to devote to the
said business his exclusive attention. when said business shall
require it.
part until further agreement shall receive such
and charges such oans Sales other trans
actions he shall effect make do for said companies and
said party of the first part the and usage of brokers
in New York. shall warran-bu special agreement therefor
shall be made when the Bonds of the State Of Florida shall be
issued, proposed to and for either of said roads
1t is mutually agreed that said agent in negotiating loans
upon any of the securities above referred to- whether said loans
be on CALI for fixed PERIOD be governed by the terms
customs used brokers and bankers in York
M. S. LIrTLEFIEID,
STAMP l. P rr Ssrsn j. p 4 M R. r. Co.
"Witness-CHAs. A. IoUGn."
These certain securities deposited by Gen. Liteel
of Florida per Currency Bonds of the of
1868 and 1862 and to further and promptly control the
loan made said Bonds in july $780, Gen. Ltefed gave
what termed Stock Note which is the usual form,
and reads as follows:
AGREEMENr dated the 10th day of July, 1870 In consd-
Grafton of dollar the receipt of which hereby acknow
edged hereby agree with L. p Bayne & Co.. of New York,
that in shall become be- any time indebted said
l.. F. Bayne Co. for money lent paid to for my
my request for any draft made by
come due and payable the said L. r Bayne Co. may in their
discretion sell the Brokers' Board the City of New York
public auction private sale without advertising the
same without notice. ALL any every
ties things in action and property held to be held by said
the proceeds the payment of such Indebtedness claim
mand the interest thereon and the expenses of the sa hold
ing responsible and liable for the payment any deficiency
| sho1Ira ain afa
STAMP President M n : : l L M FR COP
Again. the of General Lttefelds departure
rope still further for the money loaned him said
the Warehouse and Security Company of New York City by
Comptroller Gamble of Florida and which he General Little
6ed and Governor Harrison Reed hen Governor Of Florda
desired that should up he gave further
said bonds, which is in words as follows:
"TAYLoR's Hotel, JERsEy Cry August 9th, 1870
MEssRs /. P. BAYNE, Neac York:
You hereby authorized take your account
State per bonds with back coupons attached price
less than thirty the dollar placing the proceeds
of credit books to reimburse for
advanced to Individually well to President
from time me include interest and charges of commits
sons ETC., said advances Also, further authorize yon
sell take your account hundred thousand Florida
State per bonds with back coupons attached tt
five cents the dollar the same now being held BY the Ware
house and Security Company 90 Pine Street. New York of
which Mr. Crane is the President, of money adj
vanced amounting between thirty and hrtyfve thousand
dollars Any balance arising theefrom you to pay
to
| ~~ an. S. LFTTIEFIELD,
! STAMP. I" president j., r. & M. r. r. Co."
|
TO enable procure said ol Bonds from the Warehouse
Security Company, rcceive ed from Reed
Gen. Ittefed written ORDERS in words as follows
SEAL OF STATE FLORIDA fa
EXECUTIVE OFFICE, TALLAnAssEE, FLA Sept -, 1870
"SIR;-Please deliver to L. Bayne & Co. the Florida
six per cent Bonds hypothetical by Comptroller Gamble
upon the payment of the amount due you, and oblge,
| every Respectfully, &c,