John Read Attempts Settle Estate (1 results)

Condition: Very Good. JOHN READ (July 7, 1769 - July 13, 1854) was a lawyer and a banker in the early history of the United States. He graduated from Princeton in 1787 and was admitted to the bar in 1792. In 1797, he was appointed by President John Adams as agent general of the United States under the sixth article of Jay's Treaty, which was intended to settle pre-Revolutionary War debts owed by American citizens to British creditors. Offering a single page, 7 3/4 x 9 3/4, ALS, from Philadelphia, June 5th, 1823, to Samuel A. Law of New York. He wrote this letter as President of the Philadelphia Bank and involves the closing of an estate. He had succeeded George Clymer, his wife's uncle, as president, a post he filled until 1841. "As authorized by you, I draw on Messrs. R.H. & J & L. Bowne of New York for the sum of Eleven hundred & eighty six dollars 25/100 and am advised today that my draft has been paid. One half of the sum $593. 12/100 1/2 will be paid to the credit of Samuel Meredith's estate, & the other to that of George Clymer, Esq. "Mr. Gibson & myself expect everything shortly to settle financially the amount of the Executors & Trustees )?of the late Mr. Clymer and to be discharged altogether from the affairs of the estate. When that is done, its remaining concerns will pass into the hands of his?Heirs all the papers sent by you in December last having reference to the property at Meredith, will be handed to them, and they in conjunction with Mr. Meredith (who will act for his family) will I hope concur inna arrangement that will be satisfactory to you. "I am respectfully "Sir, your obedient servant "John Read" Article 6 of the Jay Treaty addressed the issue of pre-Revolutionary War debts owned by American citizens to British creditors. It was later annulled by a separate convention in 1802 under which the U.S. made a lump sum payment to settle the British claims. Folds and light toning. Very nice integral address leaf with a stamped "FREE" Frank and nice docketing on the verso. Everything we sell is guaranteed authentic forever to the original buyer. We also offer a 30-day return policy. If you discover a problem or are dissatisfied with an item, please contact us immediately. Our goal is to please every customer. We are pleased to be members of The Manuscript Society, Universal Autograph Collectors Club, The Ephemera Society, the Southern New England Antiquarian Booksellers and the Preferred Autograph Dealers and Auction Houses. [AM 392].