The record-union., 1898-10-07
of $1,000 to be carried until November.


The next, dated September y, 1897,
is as follows.
Your letter is to hand. The ar
rangement about the stock is salts
factory"
Also the following all signed by
Quay:
October 2S, 1S97.-Inclosed I send
you power of attorney to transfer a
thousand shares of Consolidated Jer-
sey stock. Please wire me ON re-
ceipt."
October %, 1S97.-My Dear Hop
klns: inclose certificate No. 2, ISIS,
for the thousand shares of Consoli-
dated Traction Company Of New Jer-
sey, according to promise. Please wire
me at Sewickley, Pa, on receipt. I
viii be at Sewickley over tomorrow
(tr1day), going there in the afternoon.
L see 200 shares of Jersey sold yester-
day at 81. 1 suppose it was mine. I
think you can get better than that for
all of it."
November q, 1S97.-Dear Hopkins:
L inclose note and $62, 1925, at your
request. I presume it is for the 500
OF Metropolitan. If SO, / think Monte
must have forgotten tol collect the cash
dividend Of $1.25 per share. I Nave
your telegram saying that bonds are
low again How much of the stock
have you sold? We will leave here on
or before December list; most likely
will be home by then"
December IA. 1S97-Dear John:
Yours to hand. I will let you know
before drawing on you. Please write
me and give me state of my account.
What did you hear about Metropoli-
tan? l thought when I bought the
stock it would go very much higher
than it is, but I am commencing to
feel like letting it go, to take it on
again at lower figures. There are nc
war notes at present, and the action
of the Spanish Government and the
Presidents message will be quieting
and pacific"
December Z, 1S97.-Dear John: AS
to the Metropolitan scrip, the reason
for its cheapness is that it bears nc
interest until next October and that
the company has the option to pay in
cash or stock, The option is with the
company, not with the holder of the
stock. Should it go to the bad, it will
| be continued. If the stock goes above
par and remains so, the company will
pay the money. Mr. Huhn tells me,
| and it seems to me that under the
circumstances that 90 or SO is a very
full price for it,
Dec. 10, 1S97.-Dear John: I have a
thousand shares of sugar that HUM
| bought at 142, which / wish to pay for
and take over to the Peoples. I have
bought it for keep, but don't wish he
stock to be placed in my name just yet,
as l will sell If I find 1 can get it any
lower. Get rid of the Metropolitan
scrip and Consolidated Jersey stock as
rapidly as you can at the figures fixed .
| Here was offered a receipt dated
| December IA, 1897, as follows:
Received by the Peoples Bank,
Sl29, ,65165 for a thousand shares of
Sugar Trust Certificate Company, to
! be transferred to the name of John S.
! Hopkins, Esq.
GEORGE A. HUHN & SONS"
| The next letter. dated Dec. TO- 1897,
! is as follows:
Dear Hopkins: I forgot to say that
/ the cost of the stock at Huhn's will be
about $4,000, as he has about eleven
OF twelve thousand Of my money there,
and you will have one hundred and fif-
teen thousand proceeds of Consolidated
Jersey securities, and the profits on
the Metropolitan will about square my
account when the sugar is paid for. I
want to take $4,000 of Dicks bonds
See you about it. There are 300 more
shares of Consolidated Jersey lying
with Montgomery, which you will sell
IN addition to your present holding.
see the bonds have advanced two or
three dollars and the stock ought to go
up"
The next, Dec. II, 1897:
Dear John: The understanding Is
that Monte shall sell 166 Consolidated
Traction of Pittsburg at 42A against
that SCAT 100, and if sold at this price,
is a margin of S423,000 This will be
sent to you. With the proceeds of the
800 shares will leave credit to me on
| your book of about $4,000"
| The next, dated the 18th, was as fol-
| lows:
| Il go to Florida. tomorrow, to be alb
! sent two or three weeks My Postoffice
address will be San Luce; my tele-
| graph, Fort Pierce. I have 166 shares
| of Beaver Consolidated preferred by
| Montgomery. Out Of the proceeds will
pay a note of S47, 900. The balance will
| come to you, and with the proceeds of
| the 800 Jersey stock you will have S10
! 600 to my credit Look for lower prices,
and, on any decided break want you to
! take again a thousand Metropolitan
and 900 Sugar. I heard McManes has
met with an accident and hope he is
| getting along all right. Remember me
| kindly to him."
Dec. Is, 1871 inclose check on
| Carson & Mccartney, Washington, for
| So 900, to be credited to my account
| I wired to-day to Montgomery to send
you proceeds Of contract preferred
some twenty-one thousand dollars
which will leave my account in pretty
| good shape The dividend on Sugar
| comes in on the 9Th proximo, $1,000
Dick will be at the bank on Monday
and may need your help. II So see him
| through, even if you have to sell some
| Of the Sugar certificates, but don't dc
that unless absolutely necessary. I will
be at the bank next week some day"
Jan. 81, 1S9S.-According to my &C.
count, I ought to have about $4,000 to
my credit. 7 am buying 100 Mergen-
thaler at about 143 and will check on
you for amount when purchase COM
pleted. say about S14 1000. Also, wish
you to buy and carry for me on mar
gin about / 900 shares U. G. I. I want
this for a squirt, say two weeks"
Feb. is, 1851 mailed you check
for S4.10O, balance Of loss on Metro
.politan, at your request. I close my ac-
count and send statement and can
celled checks with cashiers check FOL
balance. I feared had bitten into my
S45. 600 I never tried to do a generous
thing that I did not get into trouble.
IN. S. QUAY"