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PROPERTY OF A PRIVATE COLLECTOR
LEE, Richard Henry (1732-1794). Autograph letter signed (“Richard Henry Lee” and again “R. H. Lee”) to his brother (Francis Lightfoot or Arthur?), Philadelphia, 15 January 1792.
Details
LEE, Richard Henry (1732-1794). Autograph letter signed (“Richard Henry Lee” and again “R. H. Lee”) to his brother (Francis Lightfoot or Arthur?), Philadelphia, 15 January 1792.
Three pages, 239 x 202mm, bifolium. (Partial separation at vertical spine fold, binding remnant on verso.)
Richard Henry Lee contemplates selling his shares in the Potomac Company. “...When I left Chantilly, the want of Money had determined me to sell my share in the Potomac Company – But Mr. Ch. Lee and others were so clearly of opinion that these Shares would sell high in the Spring, as well because of the progress already made, and because a rich Dutch Company had already purchased all the vacant Shares & had paid interest on them from the respective calls of the Co. heretofore made. And Agents for other Dutch persons were there buying – That the punctual supply of money in time to come must they said, quicken the business greatly, and so raise the value... “ Lee then launches into lengthy instructions on how to meet “the Calls of the Company unpaid by me...” without disposing of his shares in the short-term.
Three pages, 239 x 202mm, bifolium. (Partial separation at vertical spine fold, binding remnant on verso.)
Richard Henry Lee contemplates selling his shares in the Potomac Company. “...When I left Chantilly, the want of Money had determined me to sell my share in the Potomac Company – But Mr. Ch. Lee and others were so clearly of opinion that these Shares would sell high in the Spring, as well because of the progress already made, and because a rich Dutch Company had already purchased all the vacant Shares & had paid interest on them from the respective calls of the Co. heretofore made. And Agents for other Dutch persons were there buying – That the punctual supply of money in time to come must they said, quicken the business greatly, and so raise the value... “ Lee then launches into lengthy instructions on how to meet “the Calls of the Company unpaid by me...” without disposing of his shares in the short-term.