DECLARATION OF INDEPENDENCE.] MORRIS, Robert, Signer (Pennsylvania) . Autograph letter signed to John Nicholson Philadelphia, 10 December 1796. 7pp., 4to, two small burn-holes, affecting a few letters text.
DECLARATION OF INDEPENDENCE.] MORRIS, Robert, Signer (Pennsylvania) . Autograph letter signed to John Nicholson Philadelphia, 10 December 1796. 7pp., 4to, two small burn-holes, affecting a few letters text. MORRIS'S INTERNATIONAL FINANCIAL SCHEMES AND REAL ESTATE SPECULATIONS. A fine, lengthy letter. Morris gives detailed instructions to his partner Nicholson regarding the issuance of certain certificates: "You will receive enclosed herein the draft of a certificate which I propose for the signatures of the president and cashier of the Bank of Columbia..." Nicholson, he directs, "should have the certificate printed [identical] with the four of those already printed...The person or persons so named...will trust to receive their money, and it will be necessary to ascertain how many dollars upon each lot would discharge the mortgage...." Once executed, Marshall will pay the agents commission; other sums are to be applied to "the discharge of our loan. Thus, no order of Mr. Marshall will be countersigned until their money and that due to the commissioners is paid into the hands of their agent... Consequently they can draw or order remittances at their pleasure....All charges, expenses, commissions etc. must be paid by us, and the course of exchange [currency rates] must also be at our risque... This negotiation will be attended with personal trouble to the [bank's] president and cashier in particular and it may be asked why should they undertake it. To which I answer that Mr. Marshall ever since he has been in Europe, has been writing for titles to the Washington lots as the most certain source for raising money. At one time he was offered 160,000 for 2000 lots. He considers this as the best American property on which...to obtain money in Europe." Morris is characteristically optimistic, claiming that: "by means of this plan we shall probably be enabled to pay to the bank the loans they have made to us sooner than by any other means and earlier than the times stipulated. If this plan succeeds it will have the means of interesting some capitalists in the promotion of the city...and sending European emmigrants to settle and build houses there in." He dismisses concerns about the corresponding English banks, pronouncing Baring & Co. and others to be "unquestionably solid and safe." In addition, "the arrangement has undergone the examination of William Tilghman an eminent lawyer [who] finds nothing repugnant to this plan." Finally, he lists six certificates to be issued and expresses the hope that "I have explained so clearly that you will comprehend everything..."
DECLARATION OF INDEPENDENCE.] MORRIS, Robert, Signer (Pennsylvania) . Autograph letter signed to John Nicholson Philadelphia, 10 December 1796. 7pp., 4to, two small burn-holes, affecting a few letters text.
DECLARATION OF INDEPENDENCE.] MORRIS, Robert, Signer (Pennsylvania) . Autograph letter signed to John Nicholson Philadelphia, 10 December 1796. 7pp., 4to, two small burn-holes, affecting a few letters text. MORRIS'S INTERNATIONAL FINANCIAL SCHEMES AND REAL ESTATE SPECULATIONS. A fine, lengthy letter. Morris gives detailed instructions to his partner Nicholson regarding the issuance of certain certificates: "You will receive enclosed herein the draft of a certificate which I propose for the signatures of the president and cashier of the Bank of Columbia..." Nicholson, he directs, "should have the certificate printed [identical] with the four of those already printed...The person or persons so named...will trust to receive their money, and it will be necessary to ascertain how many dollars upon each lot would discharge the mortgage...." Once executed, Marshall will pay the agents commission; other sums are to be applied to "the discharge of our loan. Thus, no order of Mr. Marshall will be countersigned until their money and that due to the commissioners is paid into the hands of their agent... Consequently they can draw or order remittances at their pleasure....All charges, expenses, commissions etc. must be paid by us, and the course of exchange [currency rates] must also be at our risque... This negotiation will be attended with personal trouble to the [bank's] president and cashier in particular and it may be asked why should they undertake it. To which I answer that Mr. Marshall ever since he has been in Europe, has been writing for titles to the Washington lots as the most certain source for raising money. At one time he was offered 160,000 for 2000 lots. He considers this as the best American property on which...to obtain money in Europe." Morris is characteristically optimistic, claiming that: "by means of this plan we shall probably be enabled to pay to the bank the loans they have made to us sooner than by any other means and earlier than the times stipulated. If this plan succeeds it will have the means of interesting some capitalists in the promotion of the city...and sending European emmigrants to settle and build houses there in." He dismisses concerns about the corresponding English banks, pronouncing Baring & Co. and others to be "unquestionably solid and safe." In addition, "the arrangement has undergone the examination of William Tilghman an eminent lawyer [who] finds nothing repugnant to this plan." Finally, he lists six certificates to be issued and expresses the hope that "I have explained so clearly that you will comprehend everything..."
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Create an alert![DECLARATION OF INDEPENDENCE] MORRIS, Robert, Signer (Pennsy...](http://www.christies.com/lotfinderimages/D55622/declaration_of_independence_morris_robert_signer_autograph_letter_sign_d5562209g.jpg "Source: Christie's")
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