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Washington, 12th 1841
In compliance with your suggestions this morning, I have the honor to submit considerations and propositions in reference to the debt of Major and Hooe, which I have become responsible for.
I have not entered into any definite arrangement with them, as I did not know the exact amount to be borrowed. Circumstances now compel an arrangement that allows time for them to proportion some part of it. I understand that Hooe will adjust his proportion of the joint obligation, which is the larger portion, and will pay one third of it with you. In any event, I propose to take up the whole debt, including interest, and provide acceptances payable here in New York at six, twelve, and eighteen months.
I also propose that the judgment against them, which has the same name as the original parties, be assigned to me. The world knows it is my purpose to exercise these assignments only to compel them to pay their share. If the time of indulgence is longer, I shall be willing to submit to any curtailment you may prescribe, in the hope that I shall be fortunate enough to meet your views without embarrassment.
With great consideration, Your obedient servant,
Amos Kendall
AMOS KENDALL
12/1841
Richard Smith, Cashier, Bank of Metropolis
Creator/Title: Kendall, Amos, 1789-1869. To Richard Smith, Washington, D.C. Washington, D.C. 12 July 1841. A.L.S. 2p.
Call No.: Mss. C K
Content: Kendall asks to delay payment on a note of T. P. Moore, R. M. Johnson, and P. H. Pope for which he was bound for Moore. Discusses the problems involving this note.
Subject Heading: Johnson, Richard M. (Richard Mentor), 1780-1850
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