Letter from Governor A. B. Moore at the Executive Department in Montgomery, Alabama, to J. J. Donegan in Huntsville, Alabama.
Item
Title
Letter from Governor A. B. Moore at the Executive Department in Montgomery, Alabama, to J. J. Donegan in Huntsville, Alabama.
Rights
This material may be protected under U. S. Copyright Law (Title 17, U.S. Code) which governs the making of photocopies or reproductions of copyrighted materials. You may use the digitized material for private study, scholarship, or research. Though ADAH has physical ownership of the material in its collections, in some cases we may not own the copyright to the material. It is the patron's obligation to determine and satisfy copyright restrictions when publishing or otherwise distributing materials found in our collections.
Type
Text
Creator
Moore, Andrew B. (Andrew Barry), 1807-1873
Date
1861 January 26
Description
A letter written by A.B. Moore discussing bonds that are going to be issued and the laws and regulation behind the distribution of them.
Format
letter
Publisher
Alabama Department of Archives and History. (electronic version)
transcription
(Copy)
Executive Department Montgomery Ala Jan: 26th 1861
J. [Denyan?] Pres Northern Bank of Alabama J. S. Diskett Huntsville Ala
Sir
Within a few days the state bonds authorised to be issued by an act of the legislature will be prepared and ready for sale. I am anxious that the Northern Bank should purchase a portion of them - as much as $100.000, or as much [? ?] as they may think proper. All of the other Banks will take a considerable amount of them. They will be principally be issued in one thousand and five hundred dollars bonds. The law requires that they should be sold for specie or its Equivalent. As your Bank pays specie for its notes, they would be considered as Equivalent to specie, yet it is important that a portion of the Amount for which the bonds are sold should be paid in specie.
I must beg you to submit this question to the board of Directors and let me know by telegraph at an early a day as possible wht amount of bonds the Bank will take and what propportion of specie it could furnish.
Very Respectfully Your Obt Sevt Signed - A. B. MooreLetter to Northern Bank of Alabama March 16th 1861
Executive Department Montgomery Ala Jan: 26th 1861
J. [Denyan?] Pres Northern Bank of Alabama J. S. Diskett Huntsville Ala
Sir
Within a few days the state bonds authorised to be issued by an act of the legislature will be prepared and ready for sale. I am anxious that the Northern Bank should purchase a portion of them - as much as $100.000, or as much [? ?] as they may think proper. All of the other Banks will take a considerable amount of them. They will be principally be issued in one thousand and five hundred dollars bonds. The law requires that they should be sold for specie or its Equivalent. As your Bank pays specie for its notes, they would be considered as Equivalent to specie, yet it is important that a portion of the Amount for which the bonds are sold should be paid in specie.
I must beg you to submit this question to the board of Directors and let me know by telegraph at an early a day as possible wht amount of bonds the Bank will take and what propportion of specie it could furnish.
Very Respectfully Your Obt Sevt Signed - A. B. MooreLetter to Northern Bank of Alabama March 16th 1861
Subject
Donegan, James J.;Moore, A. B. (Andrew Barry), 1807-1873;Northern Bank of Alabama; Banks and banking--Alabama;Montgomery (Ala.);Montgomery County (Ala.)
Coverage
Montgomery (Ala.) Huntsville (Ala.)