New York Oct 6th 1877
Dear Cousin Willie
I have your
favor of the 22nd . Cousin
Rowlands [Roland?] a/c should have
been to July 1st. I did not
notice it at the time and
will correct it when the
next a/c goes forward.
The excutors got out the
necessary papers with out any
trouble or cost beyond some
trifling fus [fuss?]. Yesterday I handed
to them the contents of Cousin
Rowlands [Rolands?] box and we found
every thing correct. The $5000
N.Y. City stock I will sell and
rmit [remit?] by next mail as you
dis[--?] - I mean Dr Saunders stock
I am sorry to say that I find
Miss'r [Messrs?] King & Duir firm in their
intention of carrying out the
letter of the law and holding
the property for one year
from the date of the proving
of the will here. Of course it
is extremely annoying as
we all know, as you say that
Cousin Rowland [Roland?] left no
debts nor anyone who has
any claim upon him. But
as there have been numerous
cases where unforseen things
have arisen, these gentlemen
intend to assume no task or
responsibility of the slightest
nature. They are pleased
with the suggestion of realizing
& investing in U.S.Bonds Your
property keeps enhancing in
value N.Y. Central yesterday
selling at 107,1/4. and many
other things, much above the
June prices
The statement of the N.J. Zinc
Co on Septr [September?] 1st was a most
flattering. They show the following
assets.
In U.S. Trust Co $225,000
" Bank 10,000
Sales open a/c 71,000
" Notes 10,000
Manufactures on hand 125,000
-------
$441,000
Against this they have the
Taylor suit, the damages on which
they {the directors} think will be
under $100,000. They are earning
about $15,000 per month. They
have rather too much on hand
of manufactures but have been
making some sales & will keep
this item smaller.
I cant find that there is
anything wrong with the Memphis
& Charleston R.R. [Rail Road?] excepting
that they are suffering from
poor business.
I am delighted to hear you
give a good an account of
Geraldyn & trust that he will
return to us much improved.
We are all quite well
give my love to your mother,
Cousin Jane and all of
you & believe me
afftly [affectionately?] yours
Roland Redmond.
Wm [William?] Young Esq. .
