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1858 ALS by Allegheny Valley Railroad president and Pennsylvania governor, William F. Johnston
de Wm. F. Johnston [William Freame Johnston (1808-1872)]
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Wilmington, Delaware, United States
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Sobre este artículo
Pittsburgh, January 11, 1858. [2]pp. Quarto. Bifolium. Folds; paper residue on verso of final leaf, not affecting legibility; very good.
Letter from the president of the Allegheny Valley Rail Road Co. and former Pennsylvania governor, William F. Johnston, discussing interest payments on AVRR bonds and concern with the money market. Johnston urges his correspondent, J.B. Stubbs, M.D., to hold firm:
"In the present condition of the money market, I do not suppose Rail road bonds of any kind, could be sold at their value. From the fact that the interest has been paid, you can form yr. own estimate of value. The County of Allegheny open'd a judgment of satisfaction to the Stock of AVRR Co. bonds to the amount of $750,000, the Company agreeing to pay interest Do. [of same] For the first year or so, the company paid the interest, but finding its inability to continue to do so, informed the Commissioners of the fact, who thereafter paid the interest Coupons for a year.... I do not doubt, for myself, the eventual liability of the County. Until the question is settled on some form I would not, if I were the holder of any of these bonds, dispose of them at any very large sacrifice. Please consider this letter 'private.'"
From 1848 to 1852, Johnston served as the eleventh governor of Pennsylvania and was a supporter of various railroad and canal construction projects. "Johnston re-entered private life in Kittanning in successful businesses of iron manufacturing, salt boring, extracting oil from bituminous shales, refining petroleum, and as president of Allegheny Valley Railroad built between Kittanning and Pittsburgh. In 1856, he was nominated by the North American Party to run for vice president on a ticket with John Fremont, but decided to withdraw..."¹
Note. 1. Governor William Freame Johnston | PHMC > Pennsylvania Governors [Pennsylvania Historical & Museum Commission] accessed online.
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- Librería
- Ian Brabner, Rare Americana (ABAA)
(US)
- Inventario del vendedor #
- 3733359
- Título
- 1858 ALS by Allegheny Valley Railroad president and Pennsylvania governor, William F. Johnston
- Autor
- Wm. F. Johnston [William Freame Johnston (1808-1872)]
- Estado del libro
- Usado
- Cantidad disponible
- 1
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Ian Brabner, Rare Americana (ABAA)
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Sobre el vendedor
Ian Brabner, Rare Americana (ABAA)
Miembro de Biblio desde 2020
Wilmington, Delaware
Sobre Ian Brabner, Rare Americana (ABAA)
Established in 1995, Ian Brabner, Rare Americana buys and sells rare books and manuscripts covering diverse facets of American history.
Our inventory encompasses a broad spectrum of collecting interests, with a special focus on 18th- and 19th-century American history, including African-American history, women's history, and unique or unusual materials documenting the American experience. In our stock, you will also find rare pamphlets, documents, letters and correspondence, journals, diaries, significant archives, as well as original art, graphics, and photographs.
Our inventory encompasses a broad spectrum of collecting interests, with a special focus on 18th- and 19th-century American history, including African-American history, women's history, and unique or unusual materials documenting the American experience. In our stock, you will also find rare pamphlets, documents, letters and correspondence, journals, diaries, significant archives, as well as original art, graphics, and photographs.
