Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1884-10-14
sso.oo0 could he rslscd. could command q
splendid advantage on The investment.
In haste, your friend, always sincerely,
n M llcH


densc. already published, be win tIrd IN
letter ftom Ar. Blaine. May IA. 1870. some
light on where Mr.. Blaine oxrects 70 get
his $4,000 bonds TO be placed In Maine.
They were 10 come from Caldwell. and the
only option Mr.. Blaine had on them was
20 nut them 10 eanborn and others. a. he
had his former options. at "samc rate"
When MFR. SANFORD failed 10 bite he backed
cut of his engagement with Caldwell, be-
cause he odd not wish to seem exciting
or indclIcatc."
TRorrIE BREWING.
/ Y,sr RpprIsLD, ME-. April 10. 1871.
Friend Blaine: | arrived nj my home
last week. Since my arrival have seen
Mr.. Bailey. and he Informs me The Little
Rock and Fort Smith Railroad Company
fails 70 paw the lar l-grant coupons due
April Isl. and that Mr.. Fisher has failed.
Can you give me any information what the
trouble r. ard what tho prospects,? Is the
| speculation we entered into likely 10 prove
an unfortunate ones Il there any prospect
Of the proposed lease YOU spoke Of being
| carried irto effect? ] was NJ Augusta yes
terday and saw +. +. This brother.) lie
was well. no news Of interest b report.
Hoping TO hear from you soon, am yours
| truly. j. a. SAsBoRN.
T.. s.-Wouid like to bear from yoa as
| soon ~ convenient. !. a. :.
| Mr.. Blaine mad given Mr.. Sanborn a
written guarantee on 3 portion 81 his
bonds. Here is his response TO Sanborn;
[stficiiy pryate.l
| FORTY rissr CONGRESS.
UNITED STATES House. Of
| REPRESENTATIVES.
WASHINGTON. u. c.. ADrIi Is, 1871.
Nv Dear Friend Send me memOran-
dun Of the amount of stock and bonds
held lly you and Mr.. Bailey in Little Rock
| and Fort Smith Railroad Company, dis
| tineuisaipg between the classes OF bonds.
| Also give the exact amount Of land bonds
| for which am guaranty. Send by return
mail II you can. Ny memoranda are all In
| Augusta. soue little trouble exists in the
| company. and / irish 10 so manage Gt1t no
| harm triH come 10 any Of rs IL | can pre-.
vent it. Keep this private. Yours truly,
j. q. BLAINE.
The Hon. j. 4. Sdnborn.
II will be noticed that Mr.. Blaine puts
| .he seal OF secrecy at both ends OF the let.
ter. IL also contains the admission OF
| guaraDiy>bp. which knocks in the head all
| the talk about Mr.. Blaine redeeming bonds
| in purely voluntary manner.
NEW YORK. May "a. II.
Friend Sanborn: Meet me at my house
at 4:30 to 8 O'Clock Saturday afternoon Of
this week and bring all your bonds and all
your stock with you. Don't fail Don't
call earlier than 4:3O or 3. BE sure 10 bring
stock and bonds. Your truly,
(COnfidential) j. q, BLAINE.
At the meeting thus appointed Mr. Blaine
settled with Mr.. Sinborn for the bonds
mentioned IN the receipts.
Here follow two receipts OF Mr. Blline's
for the Sanborn and Bailey bonds, which
were placed in his hands IN order thit he
might negotiate them somehow so that no
harm should come 10 any OF us"
AUGUSTA. May II, 1s51.-Received OF
Joseph A. Sanborn fifteen thousand dollars
Of Immigrant bonds Little Rock and For.
Smith Railroad Company (SI5,0g0), aud
thirteen thousand frst-mortgage bonds
same railroad company (Sl3,000). making
in all twenty-eIght (2S) bonds Of the value
OF 1000 each, belonging to himself.
Received also from Sanborn as the pro-
perry Of Charles NJ. Bailey five thousand
dollars Of land-grant bonds tS5,000) and
ten thousand dollars (Si00O0) OF first
mortgage bonds, making fifteen bonds
Of $1,000 each value, and making
in ali from said Sanborn and Bailey
the gross amount Of forty-three bonds
twenty Immigrant and twenty-three first
mortgagc). Now. this is to witness that |
agree % account for SAID bonds at a rate OF
20 cents on the dollar 90 cents in ash on
or before June II, 1871, falling in which
hereby Obligaie myself 10 return to said
sanborn The bonds by that date, interest Of
per cent in cash 10 be reckoned from this
date. j. G.. BLAINE.
Settled for Nav 81. II.
Twelve thousand dollars, May 80, II.
Received OF Hon. J. A. Sanborn $4,000,
bonds Of Little Rock and Fort Smith Rail-
road Company-SS,00 land-bOnds, 1909 !
first mortgage bonds-to be accounted for
on same terms and conditions rs those for
which receip,cd to him May l7th instant.
J. G. BLAINE.
The above bonds settled for by j. G..
Blaine, May 81, II.
1t will be remembered that Mr.. Blaine
said that "in the spring Of 1871" the At
lantic and Pacific Railroad Company took
100000 OF Little Rock securities at 70 ia
a transaction with which he was perfectly
familiar" The Office Of the Atlantic and
Pacific railroad was in Boston.
SOME USREDEEaED COUPONS.
One thing, however. Mr.. Blaine did not
settle for--the dciauted coupons on thirty
three bonds. These were placed in Mr..
Blaine's hands for arrangement. Ten OF
them belonged 10 II. +. Sanborn, and Mr..
Blame, by guaranteeing some Iowa Falls
and Sioux City bonds he bad transferred to
him. wiped out his obligation, but the
twenty-tbree belonging to Joseph \. San
Born he has not settled to this day. Eariy
in January, ~, Mr.. Sanborn urged Mr..
Blaine TO fix up this coupon matter. but in
q letter Mr. Blaine wrote; II don't want You
to part with them unless they are paid In
full" For more than four years the settle
ment hung fire. until Mr.. Sanborn lost all
patience and wIotc as follows:
HAILOwTLI. Me-, December II, 1876.
Hon. j. &. Blaine:
Dear SiI, When ! wrote you last sum.
mer asking for an interview with you with |
a view OF making q final adjustment Of our !
business matters growing out OF the Little /
Rock and Fort Smith transactions, eX- |
pccted that you would have granted my re- /
quest long ago. As You have not the time /
to spare for a personal interview, you will /
oblige me IL You will write me and tell me /,
definitely what have TO expect further, If |
anything. II am TO receive anything fur |
iher OF you. want to know IT. and IL not,
| want to know il, for | think the matter |
has been delayed quite long enough already. |
Yours truly, j. A. SANBORN.
L MS cNluthltl b1OuGui nj. DblHt w ltti- |
We that something had TO be done. so he |
wrote the following apologize note:
WASHINGTON. December l3, 1876.
Hon. Joseph A. SGhborn, Hdh0treH:
My Dear Friend, Your thirty-three cou-
pons, Ss5 each, OF Little Rock and Fort |
Smith railway, are IN the hands Of the pro-
per officers for account, and you will In |
due time receive the appropriate amount OF |
stock OF the new company. / was so blsy |
between The brief interJ al between presi. |
dental election and the opening OF Con- |
gresS that | was compelled to slight en-
gag,ments that | would have been glad to |
fiji, aud had TO take the liberty OF post |
poning my talk with you. Meanwhile / |
would be glad ifyou write me here a state !
ment in detail OF what you desire. | would !
like to see II in definite form, SIS shall then |
be better able to talk definitely aud concIu. |
sively. Sincerely and always your friend, |
j. G. BLAINE.
WHY MR.. A. p. MORRILL, STANDS BY BLAINE. !
To which Mr.. Sanborn replied at some !
length, under date OF December 90, 1874, |
and In answer TO the question as TO what 4
he desired Mr. Blaine to do, wrote as fol- !
lows:
|; is that you do 10y me as you did 6y A.
Il. Morrill, and others. Think this not an