Letter from Governor A. B. Moore at the Executive Department in Montgomery, Alabama, to W. M. Smith, president of the Bank of Selma in Selma, Alabama.
Item
Identifier
RSG00248_f11_Q0000135268_Q0000135270
Title
Letter from Governor A. B. Moore at the Executive Department in Montgomery, Alabama, to W. M. Smith, president of the Bank of Selma in Selma, Alabama.
Rights
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Type
Text
Creator
Moore, Andrew B. (Andrew Barry), 1807-1873
Date
1861 March 16
Description
A letter from Governor A.B. Moore in Montgomery, Alabama to W.M. Smith in Selma, Alabama. Moore is discussing $20,000 in state bonds from the Montgomery Bank to be delievered in Selma the following week. He also recounts The Convention allowing free advertisments in cases of $2 upon one bond and is expecting one third of the payment in specie or equal with the expectation of daily correspondence.
Format
letter
Place
Montgomery (Ala.)
Publisher
Alabama Department of Archives and History. (electronic version)
Contributor
Lauren Mitchek
transcription
Copy
Executive Department
Montgomery, Ala. Mar 16th 1861
W. M. Smith
Pres Bk of Selma
Selma
Ala.
Sir
When you were in
Montgomery you suggested that the Bank
of Selma would take as many as $20,000
of the state bonds. The bonds will be
ready to be delivered next week.
The Convention has passed an ordinance
authorising free banking Companies
to issue two dollars for one upon the amount
of state bonds issued by them. I inferred
from your Conversation when in Montgomery
that if your Bank was allowed to issue
two for one you would take a larger amount
of bonds than the amount above designated.
The act of the legislature requires that the
bonds shall be sold for specie or
its equivalent. As yours is a specie
paying Bank I shall require perhaps
not more than one third to be paid
in specie. Please write me
immediately what amount of
bonds you will take upon the facts
above stated and what proportion of
specie you could pay. As soon
as I am advised that you are
ready to take the bonds you will
be furnished with them.
As the state is severely
in need of money it is important
that I should hear from you
at a very early day.
Very Respectfilly
Your obt servt
signed A. B. Moore.
Copy of
letter to
Bk of Selma
Mar 16th 1861
Executive Department
Montgomery, Ala. Mar 16th 1861
W. M. Smith
Pres Bk of Selma
Selma
Ala.
Sir
When you were in
Montgomery you suggested that the Bank
of Selma would take as many as $20,000
of the state bonds. The bonds will be
ready to be delivered next week.
The Convention has passed an ordinance
authorising free banking Companies
to issue two dollars for one upon the amount
of state bonds issued by them. I inferred
from your Conversation when in Montgomery
that if your Bank was allowed to issue
two for one you would take a larger amount
of bonds than the amount above designated.
The act of the legislature requires that the
bonds shall be sold for specie or
its equivalent. As yours is a specie
paying Bank I shall require perhaps
not more than one third to be paid
in specie. Please write me
immediately what amount of
bonds you will take upon the facts
above stated and what proportion of
specie you could pay. As soon
as I am advised that you are
ready to take the bonds you will
be furnished with them.
As the state is severely
in need of money it is important
that I should hear from you
at a very early day.
Very Respectfilly
Your obt servt
signed A. B. Moore.
Copy of
letter to
Bk of Selma
Mar 16th 1861
Subject
Moore, A. B. (Andrew Barry), 1807-1873;
Smith, Washington M.;
Bank of Selma (Selma, Ala.);
Governors--Alabama;
Alabama--Economic conditions;
Alabama--Politics and government--To 1865;
Banks and banking--Alabama;
State bonds--Alabama;
United States--History--Civil War, 1861-1865;
Selma (Ala.);
Dallas County (Ala.);
Montgomery (Ala.);
Montgomery County (Ala.)
Smith, Washington M.;
Bank of Selma (Selma, Ala.);
Governors--Alabama;
Alabama--Economic conditions;
Alabama--Politics and government--To 1865;
Banks and banking--Alabama;
State bonds--Alabama;
United States--History--Civil War, 1861-1865;
Selma (Ala.);
Dallas County (Ala.);
Montgomery (Ala.);
Montgomery County (Ala.)