St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1884-09-25


capital. You can, of course, deposit .
520's if You please but you will get
no more than 90 per cent circulation.
They will cost You more, of course ;
aud though yOu get more interest, you
will very likely be disturbed Ill the
quiet possession of them very soon by
the operation of the funding scheme
The opinion gains ground here quite
rapidly, as You might infer from Sec
rotary BOutwelfs report, that the debt
cannot be funded at less than per
cent. BY taking 1910 bonds, there
fore. you would be undisturbed as
long as the banking system lasts, or ut
least for 30 years and more. None Of
the l0-40's mature before A. ID. 1904,
and that is quite long enough to en-
brace within the scope of any financial
operation 1t might be well to have
your formal application for your in
crease of capital, and then take such
times as you may wish for getting
your stock subscribed. If you desire,
/ | will confer with Senator Rice i'll re-
gard to forms, etc. 1t might he better
now to let him take the lead"
&. Dec. ~, 1870, he writes from
/ Augusta
Il am in hopes now that | shall Sc
cure $3.50 or nearly that. | find
money very tight and rates well up to
. per cent,-stiff at that. The most of
| it will be for five and six months. If
| had had more time and earlier notice
! | could have raised more, and ut easier
rates. have seen most of the parties
to whom bonds are due. do not have
much trouble about the January cOu-
pom of the LIST mortgage bonds-but
they of course growl sOme-on six of
the bonds. | would be glad to have
the coupon. Ipromised them individ-
uallv. to make it right in the future.
| did not in any way use the name of
the company nor commit you to any
thing, only myself. On the land
bonds | cannot make them see the
equity of removing the April coupon,
and promised to try and adjust that
matter with You after my return Ia
Boston. They all agree with one voice
that no bond shall be exposed for sale.
Iwish YOU could give me the benefit OF
that fraction making - of the Isl
mortgage bonds for the S:}I 800 due.
Use the extra $500 in adjusting the
interest matters, and it fits in com
: plctely. | will make it all right will
Won. What | want, then, is So, 600
: S:}2 900 LIST mortgage bonds. S5O,OOC
land bonds-and also for collateral t.
the notes for S25 900 an additional
$50, 900 of land bonds. Please NEE
me at Mr.. Caldwcll's private office oI
Saturday ut l2.lJ sharp. ] shall try t.
he there precisely ut noon, but ALLOW
fifteen minutes for grace. 1t is very
important that | have everything com
plctcd that day, as Il man will CONF
with me to Boston to take charge u
the bonds. Yours in great haste"
. !. Jan. %, 1871, he writes from
= Washington ~ have this momen
written to Mr.. Caldwell suggestin!
that, in case can arrange IA meeting il
3 this city next week with Col. Thomas
= A. Scott. to come on here. | have
Il reason for believing that II very al
! vantageous arrangement may be mad
! for taking say S300,O00. will tele
{ graph Mr. Caldwell by Tuesday eve
ming if can arrange the meeting, AM
| wish him to hold himself in READINGS
for the journey. Your letter is thi
, moment received; you ask my advice
= Let me have an accurate and reliable
!, statement of yOur financial condition
- and can do something, | feel yer.
sanguine, with Thomas A. Scott.
u think yOu will not deem me unreason
. able when | again and PERSISTENT,
= urge that | ought to have good note
for the 800. 900, and that | ought als'
" to have the So, 900 bonds, which wer
u made 10y yourself and Mr.. Caldwell tn
, t express basis of the 81, 900 loan. | d.
u not believe your company has Il strong
I er or more equitable and legal clam
u than mine, while its personal hard
u ships to me are bitter, and burning
" and humiliating to the last degree"
= 5. April 81, 1871, he writes Mr.. Cald
t. well from Washington "On the Dot
! inst, the second note of the loan | ne
l. wotiatcd in December last falls due
: The first for S2032.50, which fell du
n March IA, | was compelled to meet Il
l. the graVest possible Inconvenience t
n myself | drew on Mr.. Fisher for tn
y amount. but he declined to notice tn
=. draft. The note which falls due o
# the 29th inst, is for S257S.35. 1t seem
d extremely hard and unjust that
~ should be compelled to pay this mon
i ey. 1t is no more my debt than til
NJ debt of President Grant or Queen Vic
~ toria, and cannot believe that 20
= and Mr.. Fisher, both or either, inten
N to leave this burden on me. If yO
( do it will crush me. have no posi-
,e bile means wherewith to meet tn
# notes, and beg of you and Mr.. Fisher
N either, or both, to come to my relic
NJ In letter from Mr.. Fisher, under tn
i date of Jan. "a, he writes me as fo
w. lows:
~ In regard to the $25,0 which yO
< borrowed and lent to Mr.. Caldwell c
lr rather MIR. Pratt, as it was assumed b
M Mr.. Pratt, because you received froI
al him S50.OOO land bonds for til
| amount. Upon my visiting the otfiC
for the first time after You left I'll
!. city, Mr.. Pratt said he and Mr.. Fal
20 rington gave to you their lndIVldui
r. bonds, and they kept the money; an
in order to obtain the money, and -
IN it out of Mr.. Pratt's hands, | Obtaine
Nv $50, 900 land bonds, and took what
IN supposed to be money but 1t was III
IN there Part of it had been misapplie
70 to other matters; $4,000 Of 1t l tOGRt
Ie Mr.. CdIdUeH ; the balance went into
IN house at Little Rock without III
IA knowledge or consent, and Pulma
in ears, Nc, &c.'
nr Now. my dear Sir, if this be co
"A rect statement, may | not hope yC
to will relieve me to the extent of Il
as SI5.OOO and Mr.. Fisher will sure
al pay the other $1,000. As a Who'll
er Innocent third party doing my best
d. act as a sincere and steadfast friend
Sc both of you, ought not to be left e
tn posed tn financial ruin and person
ur humiliation. Please read this to NJ
IL Fisher. | have advised of my writiu
ial you"
st 9. MIR. Caldwell writes Mr.. Flshe
int under date of Boston, April %, loI
If euclo ~iup the above letter from VI