Letter from Charles Walsh, president of the Bank of Mobile in Mobile, Alabama, to Governor A. B. Moore in Montgomery, Alabama.
Item
Identifier
RSG00248_f11_Q0000135271_Q0000135273
Title
Letter from Charles Walsh, president of the Bank of Mobile in Mobile, Alabama, to Governor A. B. Moore in Montgomery, Alabama.
Rights
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Type
Text
Creator
Walsh, Charles
Date
1861 March 21
Description
A letter from Southern Bank president Charles Walsh to Governor A.B. Moore about approval for $50,000 in bonds. Walsh cannot promise holdings in the state to Moore as Southern Bank already has $300,000 invested and must take care of those in his community for commercial and agriculture.
Format
letter
Place
Mobile County (Ala.)
Publisher
Alabama Department of Archives and History. (electronic version)
Contributor
Lauren Mitchek
transcription
Bank of Mobile
March 21st 1861 ~
Dear sir
At a meeting of our Board of Directors held
yesterday, I was authorised to advise you that this Bank would
advances the State a further Loan of Fifty Thousand dollars in
its Bonds payable, as proposed by your Excellencys dispatch, dated
18th inst - with the understanding that your Excellency would deliver
Bonds for the former $50,000 also, furnished on the 15th ultimo,
as is now proposed for the present Loan - that is, the Bonds for
the whole $100.000, to be accompanied with Coupons for the interest,
payable semiannually and in Mobile,
With my disposition on the part of this Bank to serve the State,
we cannot promise holding, as we do already, $300,000 invested in
Bonds of the State of Alabama, any further amount in the way of Loans
in Consequence also, of the necessary and urgent wants of our Com=
=mercial and Agricultural Interests, which Interest this Bank must not
overlook, and more especially while the pressing necessities of the Country
require all the aid which the Bank can extend, and at the same
time continue to meet its Specie obligations which it is of the utmost
importance to do, for the permanent interest and credit of both the Bank
and the Community -
It will however give the Board of Directors
and myself very great pleasure to aid you in any [?] way, in
any further negotiation for [? time?] occasion to make
Very Respectfully
Your Excellency's
Most Obdt Servant
Charles Walsh Prest
To His Excellency
A B Moore
Montgomery, Ala
Letter from
President
of
Southern Bk of Ala
March 21st 1861 ~
Dear sir
At a meeting of our Board of Directors held
yesterday, I was authorised to advise you that this Bank would
advances the State a further Loan of Fifty Thousand dollars in
its Bonds payable, as proposed by your Excellencys dispatch, dated
18th inst - with the understanding that your Excellency would deliver
Bonds for the former $50,000 also, furnished on the 15th ultimo,
as is now proposed for the present Loan - that is, the Bonds for
the whole $100.000, to be accompanied with Coupons for the interest,
payable semiannually and in Mobile,
With my disposition on the part of this Bank to serve the State,
we cannot promise holding, as we do already, $300,000 invested in
Bonds of the State of Alabama, any further amount in the way of Loans
in Consequence also, of the necessary and urgent wants of our Com=
=mercial and Agricultural Interests, which Interest this Bank must not
overlook, and more especially while the pressing necessities of the Country
require all the aid which the Bank can extend, and at the same
time continue to meet its Specie obligations which it is of the utmost
importance to do, for the permanent interest and credit of both the Bank
and the Community -
It will however give the Board of Directors
and myself very great pleasure to aid you in any [?] way, in
any further negotiation for [? time?] occasion to make
Very Respectfully
Your Excellency's
Most Obdt Servant
Charles Walsh Prest
To His Excellency
A B Moore
Montgomery, Ala
Letter from
President
of
Southern Bk of Ala
Subject
Moore, A. B. (Andrew Barry), 1807-1873;
Walsh, Charles;
Bank of Mobile (Mobile, 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;
Mobile (Ala.);
Mobile County (Ala.)
Walsh, Charles;
Bank of Mobile (Mobile, 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;
Mobile (Ala.);
Mobile County (Ala.)